DeFI News by Thebittimes.Com

Próspera ZEDE, the Honduras special economic zone, has officially recognized Bitcoin (BTC) as a unit of account . This move effectively acknowledges the legitimacy of the cryptocurrency in diverse commercial, tax, and financial transactions. The announcement, disclosed on January 5 by Jorge Colindres, the acting manager and Tax Commissioner of the zone, outlined the conditions under which legal entities can adopt Bitcoin as their unit of account. “Próspera ZEDE recognizes the right of (e)Resident legal entities organized or registered under the authority of the Prospero Entity Registry Statute to use Bitcoin (“BTC”) as their respective unit of account , in the sense of the monetary unit or measure of value in terms of which their account s are kept and values stated,” the statement said.  For instance, entities interested in adopt ing Bitcoin as their unit of account must file a notice with the Tax Commissioner within thirty days of the relevant tax...

Analysts have called for a U.S. recession all year, but stocks continue to creep higher. Here are three metrics investors can watch to know if an economic downturn is coming. Inflation came down a lot faster than most investor s and analysts anticipated, reaching 3% in June. The recession that most analysts predicted is nowhere to be seen, according to the 3.6% unemployment rate nearing a 50-year low and the S&P 500 Index showing a 19% gain year-to-date. While the current market performance may lead investor s to believe that a recession has been avoided, there are three metrics that have been able to consistently predict recession s over time. These leading economic indicator s are key economic variables that tend to move ahead of changes in overall economic activity, providing an early warning system for changes in the business cycle. Let’s dig into three of these indicator s and explain how investor s can interpret them. Yield curve inversion The yield curve represents th...