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Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD

28.9.2024
According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023. This indicates...

Ripple & Turkish Bank Garanti BBVA Partner Up for Mobile App

27.9.2024
In a significant move towards adoption of cryptocurrency, Garanti BBVA, the second largest bank in Turkey, has expanded…

Bolivia reports 100% rise in virtual asset trading since lifting Bitcoin ban

27.9.2024
The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets

Bitcoin Prices Show Positive 30-Day Correlation With China's Central Bank Balance Sheet

27.9.2024
“The new inflow of cash could indirectly push up the price of bitcoin, particularly in the long term perspective,” one analyst said

Biden admin deliberately killed off Silvergate to ‘decapitate’ crypto: Nic Carter

26.9.2024
The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims to Castle Island Ventures partner Nic Carter

Nigerian Currency Plunges After Central Bank Rate Hike

26.9.2024
The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on the official foreign exchange market after the CBN increased the benchmark...

QCP Capital Analyzes Bullish Macro Trends Impacting Bitcoin and Risk Assets

25.9.2024
According to QCP Capital’s latest analysis, macroeconomic conditions are becoming increasingly favorable for risk assets, including cryptocurrencies. Central bank policies, particularly from China and the U.S. are playing a crucial role in shaping market sentiment. QCP Capital: Central Bank...

Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points

25.9.2024
The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor, Olayemi Cardoso, stated that the reforms...

Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility

24.9.2024
Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold (zig) from severe market disruptions. He also pledged to maintain a tight monetary policy to ensure stable inflation and exchange rates. The...

Bitcoin price target rises to $78K after Chinese stimulus package

24.9.2024
Bitcoin rallied strongly after the previous two stimulus package announcements by the People's Bank of China

Ireland eyes MiCA guardrails to democratize finance with crypto

24.9.2024
Ireland Central Bank leads calls to democratize finance and boost financial inclusivity through the implementation of the EU's MiCA regulations, highlighting the country’s priorities

Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador

24.9.2024
The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remittances sent to the country from January...

Bank of Canada Redirects Efforts Away From Retail CBDC

23.9.2024
The Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which revealed significant privacy concerns among...

Lynette Zang: Hyperinflation Looms as US Dollar’s Purchasing Power Dwindles

22.9.2024
Lynette Zang, CEO of Zang Enterprises, asserts that hyperinflation is already underway, predicting a further decline in the U.S. dollar’s value. According to Zang’s recent interview with Kitco, the current financial trends indicate that the dollar’s purchasing power will reach zero, leading to...

Bank of Korea to Launch CBDC Payment Trial in Supermarkets

22.9.2024
South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships...