U.S. stocks had yet another losing session Monday, as the S&P 500 hit a new 2022 closing low and the Dow Jones Industrial Average’s decline put the index officially into a bear market. Equit...
Tag: Currency
The British pound just crashed 5% to a 37-year low against the US dollar today — here’s why currency carnage continues across the pond
The British pound just crashed 5% to a 37-year low against the US dollar today — here’s why currency carnage continues across the pond On Monday, the British pound dropped to a record low against the ...
California Gov Vetoes Digital Currency Licensing Bill
California Governor Gavin Newsom has vetoed Bill 2269 proposed by State Congressman Tim Grayson on the grounds that a more flexible approach is needed to address crypto regulations. The bill is origin...
Currency intervention is no strategic solution: time to buy JPY pairs?
A wild week for the currency traders just ended on Friday. The US dollar surged across the board, especially on the last trading day of the week, but there is more to consider than the dollar’s streng...
Iran Begins Central Bank Digital Currency ‘Crypto Rial’ Pilot Today – Featured Bitcoin News
The Central Bank of Iran (CBI) has reportedly begun a pilot for its central bank digital currency (CBDC), also known as “crypto rial.” Iran’s chamber of commerce explained that the “crypto rial has be...
Bitcoin Steady as BOE Hikes Rates by 50 Basis Points; ‘Reverse Currency Wars’ Gain Steam
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
US Digital Currency a ‘Unanimous Need’ to Compete With China: House Committee
Five speakers at a hearing for the U.S. House Committee on Financial Services voted in favor of the U.S. developing some kind of national stablecoin or CBDC on Tuesday, citing competition from China’s...
Hong Kong to Start Testing Digital Currency in Coming Months – Finance Bitcoin News
China’s special administrative region of Hong Kong is going to trial а digital version of its dollar as early as this year, in preparation for eventual roll-out. The territory is trying to catch up wi...
Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years – Economics Bitcoin News
The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years, after it touched a new 2022 low of 7.0188 yuan for every...
Voters skeptical of Federal Reserve digital currency, poll finds
More than half of voters in Senate battleground states oppose a digital currency issued by the Federal Reserve, according to a new poll commissioned by a conservative group. The new survey comes as t...
Voters Skeptical Of Federal Reserve Digital Currency
53% of citizens in milestone states say they go against a computerized cash gave by the Central bank Voters were polled in Arizona, Colorado, Florida, Georgia, Nevada, New Hampshire The study addition...
Noft Games Will Feature an In-Game Currency
Place/Date: – September 16th, 2022 at 9:24 am UTC · 3 min read Source: Noft Games Photo: Noft Games Noft Games, a Web3 auto-battler game, revealed their browser game will debut in-game cash name...
Sales of Hardware Crypto Wallets Decline in Russia With Easing Currency Restrictions – Bitcoin News
Interest in hardware wallets allowing cold storage of cryptocurrencies is decreasing among Russian users after this year’s surge that followed the invasion of Ukraine. The sale volumes for these devic...
China Court Rules Crypto Can Be Traded Despite Digital Currency Ban
A court in China has ruled that crypto is an asset that can be traded between individuals as long as the asset is not used as a currency. The recent ruling by The Beijing Number One Intermediate Peopl...
Norway’s Central Bank Innovates in Developing Its Digital Currency on Ethereum
As per the official statement from the Norges Bank, the prototype infrastructure for the country’s central bank digital currency will be introduced on Ethereum. The bank introduces a new open source s...
Digital Currency Service Provider Abra to Launch US Bank
Abra is also planning to introduce Abra Boost, a product that will let qualified investors deposit and earn interest on digital assets. Digital currency services and infrastructure provider Abra has c...
Reasons behind bitcoin being a valuable currency
Global relationships between different enterprises often span national borders, time zones, and banking hours. In this complex maze of global supply chains, bitcoin is uniquely suited due to its progr...
Quantum Computing and How It Impacts Crypto Currency
Quantum computers can have an impact on cryptocurrencies that rely on hashing technology. Quantum Computing is one of the top emerging and fast-growing sectors in the technology sector. It refers to e...
Ethiopian Central Bank Restricts Amount of Cash Travelers Can Hold, Sets Foreign Currency Conditions – Africa Bitcoin News
According to the National Bank of Ethiopia’s directive, which became effective on September 5, persons entering and departing the country in possession of local currency are now subject to new restric...
Norwegian Central Bank Harnesses Ethereum’s Infrastructure To Build National Digital Currency
Central banks around the world are exploring the implications of issuing a central bank digital currency (CBDC). In the latest efforts to create a national digital asset, the central bank of Norway ha...
Weekly MacroSlate: Bitcoin facing first global recession as currency collapses, energy crisis becomes reality for Europe
TL;DR Liz Truss became the U.K. Prime Minister on Sept. 6 as the country prepares for a possible recession in Q4. European Central Bank has increased interest rates by 75bps, a record, but they are st...
Norwegian central bank uses Ethereum to build national digital currency
The central bank of Norway has hit a major milestone in digital currency efforts, releasing the open source code for the country’s central bank digital currency (CBDC) sandbox. Available on GitHub, th...
This emerging currency is the secret of 2022- The Cryptonomist
SPONSORED POST* Some coins burst onto the crypto scene with a huge amount of buzz, but little substance and then flame out quickly. Meanwhile, others slowly but surely build up a loyal community, quie...
The face of Canadian currency might be changing — what happens north of the border after the Queen’s death?
The face of Canadian currency might be changing — what happens north of the border after the Queen’s death? The death of Queen Elizabeth II marks the end of an era in British royal history. In the U.K...
Emerging Digital Currency with Multi Utilities
The PLC Ultima ecosystem is brandishing a unique utility that goes beyond its primary use case as a payment coin. The digital currency ecosystem has continued to play host to innovative cryptocurrency...
U.S. dithers on central bank digital currency
The U.S. Treasury Department has said that it will recommend that the federal government continue developing a central bank digital currency (CBDC) if it is in the national interest to do so. Potentia...
Why the ECB’s jumbo rate hike isn’t helping the beaten-down euro
The European Central Bank went big on Thursday, delivering a historically outsize 75 basis-point interest rate increase in its effort to get a grip on record inflation. Yet the euro, after a brief bou...
China’s Currency Struggles Spell Trouble Across Emerging Markets
(Bloomberg) — Most Read from Bloomberg Just months ago, the Chinese yuan was reigning supreme as emerging markets’ own haven asset, shielding investors from the turbulence of war and runaway inf...
Australian Treasury consults public on Bitcoin foreign currency tax exclusion
Australia’s ministerial department of Treasury reached out to the public to seek consultation regarding draft legislation that would exclude cryptocurrencies from being taxed as a foreign currency if ...
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is quickly boosting its reserve status
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is quickly boosting its reserve status China’s economy has been immense...
Mainland Rises On PBOC’s Currency Intervention
China Last Night KraneShares Key News Asian equities had a mixed night on light volumes following an off day yesterday. Media headlines are more negative than usual as COVID lockdowns in Chengdu and n...
Saudi Arabia’s Central Bank Hires Virtual Assets and Digital Currency Program Lead – Regulation Bitcoin News
The Saudi Arabian central bank has reportedly appointed Mohsen Al Zahrani as the lead of the bank’s virtual assets and digital currency project. The emergence of the United Arab Emirates (UAE) as the ...