Victory of President-Elect ‘Lula’ in Brazil Might Bring the Rise of a Common Currency for Latam
The victory President-Elect Luis Inacio Lula Da Silva obtained on Oct. 30 over the incumbent Jair Bolsonaro in Brazil might open the gates for the proposal of a single currency for the countries of Latam. Lula announced this as part of his campaign, preaching the utility of a common currency as a way of fighting […]
Ethereum is ahead of Bitcoin this rally — But ETH price still risks 20% crash against BTC
Ether has entered a bearish range that preceded a 35% price crash in the April–May 2022 session. This post was originally published on this site
Hong Kong Presents Digital Currency Prototype, Project Aurum
Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens and Stablecoins as Part of Project Aurum A collaboration between the BIS Innovation […]
New Fidelity report flags ‘stark contrast’ between Bitcoin and fiat currencies
Counterparty risk and “liability” form enduring qualities setting Bitcoin apart, says Fidelity Digital Assets.This post was originally published on this site
Chinese Researchers Propose Asian Digital Currency to Reduce Reliance on US Dollar
Experts from an economic institute in China have circulated the idea of creating a blockchain-powered digital currency that could lower Asia’s reliance on the greenback. The initiative comes against the backdrop of an expanding digital yuan pilot, and after recent trials of cross-border payments with state-issued digital currencies in the region. China Suggests Minting Asia-Wide […]
Bitcoin ‘bear trap’ sees BTC price near $20K as daily gains top 9%
Over $320 million in liquidations accompanies a gruelling 24 hours for crypto traders.This post was originally published on this site
Next few weeks are ‘critical’ for stock market and Bitcoin, analyst says
Alessio Rastani, a cryptocurrency analyst and trader, shares his outlook on crypto, stocks and the forex market for the next weeks.This post was originally published on this site
Bitcoin, British pound trading volume soars 1,150% as UK’s currency risks dollar parity
Doom and gloom for some British pound investors is neatly avoided with a Bitcoin flight.This post was originally published on this site
British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike
The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal U.S. dollars per unit, but rebounded against the greenback to 1.0775 by 11 a.m. Monday morning. Pound Sinks Against Greenback […]
GBP follows Euro: The pound-dollar rate hits all-time low
Reaching 1 GBP = $1.04, the pound has crash-landed, marking a record low against the U.S. dollar following the new prime minister’s budget announcements. This post was originally published on this site