Here’s what Nigeria’s naira float means for its crypto market
This reduces the likelihood of artificial price differences between the naira and cryptocurrencies in different markets.This post was originally published on this site
DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market
The prolonged market volatility has not stopped investors from backing a new protocol which merges DeFi and the foreign exchange market. This post was originally published on this site
New York-based forex broker Oanda launches crypto trading services in the US
The broker’s partnership with Paxos will enable U.S.-based investors to spot-trade cryptocurrencies on Paxos’ itBit exchange through Oanda’s mobile platform. 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 […]
Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low
While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank of Japan conducted the first forex intervention in 24 years, after the Japanese central bank kept its benchmark bank rate suppressed […]
Afghanistan Closes Down 16 Cryptocurrency Exchanges, Arrests Operators
Law enforcement in Afghanistan has shut down over a dozen crypto exchanges in Herat, detaining the people who were running them. The offensive comes after the introduction of a ban on online foreign exchange that the Taliban seem to have applied to coin trading as well. Taliban Government Goes After Crypto Trading in Afghanistan Citing […]
Ukraine bans Bitcoin purchases with local currency amid martial law
Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300.This post was originally published on this site