The Commonwealth of Dominica has announced through a statement that all TRON-based digital assets are now authorized as currencies in the country. The file that was made available by the country liste...
Tag: Currency
Zimbabwe Tertiary Learning Institution Developing Central Bank Digital Currency – Bitcoin News
Harare Institute of Technology, a Zimbabwean higher learning institution, is reportedly developing a central bank digital currency (CBDC). Quinton Kanhukamwe, the institution’s vice chancellor, said t...
India Will Soon Test ‘E-Rupee’ Digital Currency
The Reserve Bank of India has proposed a phased pilot of its version of a Central Bank Digital Currency, according to a paper released by the agency on Friday. In what was published as a “concept note...
India To Test “E-Rupee” Digital Currency Soon
The post India To Test “E-Rupee” Digital Currency Soon appeared first on Coinpedia Fintech News The national cryptocurrency, “E Rupee,” backed by India’s central bank, is soon to be tested in select p...
India’s Central Bank RBI Publishes Digital Currency Details — Confirms Digital Rupee Pilot Launching ‘Soon’ – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), says it will soon commence “limited pilot launches” of the country’s digital currency (digital rupee) for specific use cases. The central bank ex...
House Republicans seek central bank digital currency opinion from Department of Justice
Republicans on the House Financial Services Committee requested the Department of Justice share its assessment of a potential central bank digital currency, the lawmakers announced on Wednesday. Senio...
Egyptian Pound Latest African Currency to Slump to Record Low Versus US Dollar – Economics Bitcoin News
The Egyptian pound recently became the latest currency from the African continent to see its value versus the greenback slump to a record low. The pound’s fall came amidst reports suggesting the Egypt...
Bitcoin Pound Sterling Volume Soars To ATH Amid Currency Crisis
The pound sterling is experiencing heavy turbulence. The dollar is eating it all. Bitcoin is in a deep slumber. What a time to be alive! Things are moving and shaking in the finance world and the gene...
BTC Pound Volume Skyrockets To All-Time High Amid Currency Turmoil
Bitcoin is showing signs of recovery, recording a 5.3% price pump for the past week to trade at $20,129, according to tracking from CoinGecko as of this writing. Here’s a quick look of what has transp...
Elon Musk To Finally Acquire Twitter! Will Dogecoin Be The Official Currency for Twitter Now?
News of Elon Musk’s Twitter acquisitions have resurfaced online and there is speculation that Dogecoin (DOGE) could replace the US dollar as Twitter’s official native currency. Recent reports from Blo...
DOGEcoin As Twitter Native Currency Post Elon Musk Takeover?
After Elon Musk Twitter takeover talks resurface, there is a speculation about Dogecoin (DOGE) potentially becoming Twitter’s official native currency. In a latest development, Musk has reportedly pro...
Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy
NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that c...
Circle CEO Jeremy Allaire Says Company Intends To Become Full Reserve Digital Currency Bank
The chief executive of USDC issuer Circle says that the company is committed to a path where they are regulated like a bank. In a new interview with CNBC, Jeremy Allaire tells host Kate Rooney that Ci...
The US and UK Currency Collapse for Bitcoin in Record Numbers
The individual currencies of the US and UK collapsed as it effectively sold for Bitcoin. If this trade was for capturing the volatility, then the similar spikes in May 2021 and March 2020 can be seen....
Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar – Coinotizia
A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a re...
Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar – Economics Bitcoin News
A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a re...
US Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency – Regulation Bitcoin News
A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency i...
Mainstream media sentiment shifts in favor of Bitcoin amid fiat currency woes
Despite USD bringing an onslaught to stocks, commodities and its rival currencies, Bitcoin (BTC) holds steady at the $19,000 to $20,000 mark, leaving mainstream media no choice but to put BTC into the...
Iran Launches Central Bank Digital Currency Scheme With Local Banks And Shops
Bank Melli staff at the bank’s stand at the 26th International Oil, Gas, Refining and Petrochemical … [+] Exhibition in Tehran on May 13, 2022. (Photo: Morteza Nikoubazl/NurPhoto via Getty...
Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD – Bitcoin News
Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the curre...
Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar – Economics Bitcoin News
Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authori...
Bitcoin Trading Volume Beats The British Pound As Currency Falls Apart
Bitcoin (BTC) trading volumes against the British pound (GBP) surged to a new high after the Sterling wobbled on Tuesday, prompting market experts to speculate that investors scrambled to dispose of t...
Fed Chair Jerome Powell Updates Work on Digital Dollar — Says US Central Bank Digital Currency Will Take ‘at Least a Couple of Years’ – Regulation Bitcoin News
Federal Reserve Chairman Jerome Powell says the U.S. central bank is looking at whether to issue a digital dollar with a “very broad scope.” He noted that the Fed is collaborating with Congress and th...
China’s Renminbi Falls Most against USD Since 2008, China Eases Support for Currency
The Chinese central bank has intervened to support the Renminbi by setting stronger-than-expected Renminbi fixings for 25 straight sessions. The Chinese Renminbi has dropped to its weakest levels toda...
Australia Issues White Paper for Central Bank Digital Currency – Finance Bitcoin News
Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested p...
Bitcoin, British pound trading volume soars 1,150% as UK’s currency risks dollar parity
Bitcoin (BTC) will see increased interest from the United Kingdom “very quickly” as fiat currency volatility makes BTC look like a stablecoin. That was the conclusion from Gabor Gurbacs, strategy advi...
Bitcoin Trading Volume Explodes Against British Pound as Currency Weakens
As the British pound rapidly weakens against the U.S. dollar, trading volume for the BTC/GBP pair has been skyrocketing. Data from Bitfinex and Bitstamp shows that volume was more than 1,100% above i...
Fed Chair Powell Speaks On Digital Currency, Slams Crypto
The Federal Reserve chair Jerome Powell takes a major dig at the crypto ecosystem. Speaking at an event organized by Banque de France, the central bank of France, Powell states that there are very sig...
British Currency Mess Set To Upend U.K.’s Housing Market
STOKE-ON-TRENT – JUNE 16: Various property signs are seen outside a block of terraced houses … [+] advertising homes for sale, let or sold on June 16, 2020 in Stoke-on-Trent. The British g...
European Central Bank preparing for broad digital currency adoption ‘scenario’
The European Central Bank (ECB) is analyzing options for integrating decentralized ledger technology (DLT) into existing payment settlement systems, Fabio Panetta, an executive ECB board member, said ...
Australia Pushes Ahead With Central Bank Digital Currency, Announces Pilot Timeline
Australia is pushing ahead with central bank digital (CBDC) currency research. On Monday, Australia’s central bank said in a whitepaper that the country’s CBDC pilot should be completed by mid-2023. ...