# Marshall Islands officially recognizes DAOs as legal entities

# Marshall Islands officially recognizes DAOs as legal entities

“# Marshall Islands officially recognizes DAOs as legal entities ” The Republic of the Marshall Islands has moved to formally recognize decentralized autonomous organizations, better known as DAOs, as legal entities — a move that gives collectively owned and managed blockchain projects formal recognition on the global stage.  DAOs, which are blockchain-based entities governed by…

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# El Salvador president predicts ‘gigantic price increase’ for Bitcoin

# El Salvador president predicts ‘gigantic price increase’ for Bitcoin

“# El Salvador president predicts ‘gigantic price increase’ for Bitcoin ” Salvadoran President Nayib Bukele has made yet another bullish Bitcoin prediction soon after the International Monetary Fund urged his government to remove Bitcoin’s status as legal tender. Bukele took to Twitter on Monday to predict that Bitcoin  (BTC) will ultimately see a “gigantic price increase”…

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# Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s

# Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s

“# Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s ” 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…

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# IMF: Bitcoin matured to ‘an integral part of digital asset revolution’

# IMF: Bitcoin matured to ‘an integral part of digital asset revolution’

“# IMF: Bitcoin matured to ‘an integral part of digital asset revolution’ ” Crypto is no longer an obscure asset class within the financial ecosystem, but a growing correlation with the stock market undercuts the “investment hedge” role of Bitcoin (BTC) and other cryptocurrencies, according to new International Money Fund (IMF) research. A blog post accompanying…

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# El Salvador’s dollar debt dives on Bitcoin bond plans

# El Salvador’s dollar debt dives on Bitcoin bond plans

“# El Salvador’s dollar debt dives on Bitcoin bond plans ” El Salvador’s dollar-denominated bonds have fallen to an all-time low as the Central American nation’s debt started trading in “distressed territory” this week.  El Salvador’s USD bonds fell to 64.4 cents to the dollar on Monday, Nov. 22, following the weekend news that the…

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