New York-based Fitch Ratings has downgraded El Salvador’s long-term foreign currency issuer default rating (IDR) to “CCC” from its most recent rating of “B-.” The post Fitch downgrades El Salvador rating on debt concerns appeared first on The Block.
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El Salvador's long-term foreign currency issuer default rating (IDR) has been downgraded from ‘B-’ to ‘CCC’ by Fitch Ratings. The post El Salvador’s IDR Downgraded to Junk Status by Fitch Ratings appeared first on BeInCrypto.
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Key Takeaways XRP’s price rebound has seen it record its strongest gain against top crypto assets in 6 months. XRP has also surpassed Cardano and Solana in market valuation. The surge is being attributed to positive sentiments due to a new ruling in Ripple’s case with the…
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The Central Bank of Ireland has stated that it is not likely to allow retail investment funds to get either direct or indirect exposure to cryptocurrencies. The bank cites the risks in the crypto market as its reason for the stance. However, the bank considers crypto suitable…
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HODLers in Russia have a reason to smile as holding cryptocurrencies in the country could soon be legalized. According to a Feb. 8 announcement, the Russian government and central bank are jointly preparing draft legislation that will define crypto as currency. Russia Drafts Law To Regulate Cryptocurrency…
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Wells Fargo Investment Institute’s global investment strategy team stated that it is not too early to invest in cryptocurrency. However, clearing regulatory hiccups might create “higher-quality investment options” in the coming years. The research division of Wells Fargo Wealth and Investment Management released a report highlighting the…
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A recent report by the New York Federal Reserve has opined that stablecoins will not be an integral part of the future of payments — in the U.S. at least. The post New York Fed: The Future of Payments Isn’t Stablecoins (Or Is It?) appeared first on…
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Cardano is one of the top 10 cryptocurrencies by market cap. Because of its attractive use case and strong community, it has continually grown in value, assuring profits. Similarly, Cardano is a technology that hopes to revolutionize blockchain tech by improving and generating better outcomes. While the…
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The government of Russia is coming under more pressure to make more friendly regulations for crypto in the country. A letter sent to Russia’s finance minister by Sergey Katyrin, the head of the Chamber of Commerce and Industry of the Russian Federation (RF CCI), urged the government…
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The Central Bank of Ecuador is planning to come up with a framework to regulate Cryptocurrencies by the end of this year. Guillermo Avellan, the manager of the Central Bank of Ecuador reportedly said that this will give more clarity to the cryptocurrency investors and also help…
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