Search Results for: government default

Social Media Users Deride China’s Reported Use of Military Tanks to Intimidate Protesting Bank Customers

by

Social media users have slammed China’s reported use of military tanks to intimidate bank customers protesting against the freezing of their savings. Some users claimed the deployment of military tanks exposes the country’s underlying economic problems. Crypto proponents see the issue…

Bitcoin’s ‘Fundamental Value Is Not in Line With Market Price’ — Crypto Miner

by

Profitable bitcoin mining is essentially a result of an efficient and highly skilled team of professionals that can maintain runtime, a founder of a Bitcoin mining company has asserted. Therefore, even when the price is hovering around $20,000, a bitcoin miner…

Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks

by

One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a key reason. “The adoption of bitcoin as legal tender…