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El Salvador’s historic embrace of Bitcoin (BTC) could have negative consequences on the country’s sovereign credit outlook, according to Moody’s Investors Service. Moody’s analyst Jaime Reusche told Bloomberg this week that El Salvador’s Bitcoin gambit “certainly adds to the risk portfolio” of a country that has struggled with liquidity issues in
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Bitcoin has grown from being ‘internet money’ used by only a few thousand people during its first few years to being part of the balance sheets of big companies and sovereign states. El Salvador is a case in point for a country that has committed fully to the bitcoin mission,
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The cryptocurrency exchange’s global entity is looking to ameliorate its relationships with governments, CEO Changpeng “CZ” Zhao tells the Financial Times. Nov 23, 2021 at 6:57 a.m. UTCUpdated Nov 23, 2021 at 6:57 a.m. UTCBinance CEO Changpeng Zhao (CryptoX archives) Source
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With the release of the embassy, tentatively scheduled for January, Barbados will become the first country in the world to recognize digital sovereign land. The Ministry of Foreign Affairs, The Ministry of Science and Technology, and many other governmental bodies reviewed the plans over “several, several months,” said Abed. Source
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Bitcoin-bull Michael Saylor of MicroStrategy gives his expectations for the next round of institutional buyers coming into the space. What’s surprising is that Saylor believes governments, via sovereign wealth funds, are next in line to buy. Saylor Believes Bitcoin Over Gold is The Smart Play When it comes to the question of
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A screenshot of China’s sovereign digital currency has emerged online, offering a rare look into the development of Beijing’s digital yuanTesting of the currency’s mobile app has reportedly been done over several months at China’s state-owned banks, although there is no official timetable for launchA screenshot of the user interface
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This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Ryan Zurrer is founder of Dialectic, a Swiss-based crypto-asset firm focused on on-chain opportunities. Previously, he led investments at Polychain Capital and served as
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Just before the internet became a massive display of human ingenuity and networking, a few individuals anticipated the emergence of tools that
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