The American credit rating agency Fitch downgrades El Salvador’s rating because of its BTC Adoption risks and it got its long-term foreign-currency issuer Default Rating to CCC from B- as we can see further in our today’s latest bitcoin news. Fitch cited policy unpredictability stemming out of the increased concentration of power in teh presidency […]

Companies overall met government standards, but poor credential management left vulnerabilities.

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American credit rating agency Fitch Ratings lowered El Salvador’s long-term Issuer Default Rating (IDR) from B- to CCC, citing “policy unpredictability” and the “adoption of Bitcoin as a legal tender” as some of the factors that led to the downgrade. Apart from these, the statistical rating organization explained that reliance on short-term debt, an $800 million Eurobond […]

Read full post American credit rating agency Fitch Ratings downgrades El Salvador over bitcoin adoption. on Chaintimes.com.

El Salvador is planning to issues its first bitcoin bond next month, the Central American country's Finance Minister Alejandro Zelaya announced. (Read More)

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In 2021 we saw a big wave of crypto-related companies going public in stock markets worldwide. Miners were listed left, right, and centre along with the second-biggest exchange by volume, Coinbase (according to CoinMarketCap). On top of that, we have many pre-existing companies venturing into the growing sector. Therefore, it’s good to look at those companies that stand […]

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