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El Salvador Buys More Bitcoin — Country Now Holds 700 BTC

20.9.2021
El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has purchased more bitcoin. The Salvadoran government now holds 700 coins, according to President Nayib Bukele. El Salvador Buys the Dip El Salvador’s president, Nayib Bukele, announced early Monday morning...

US Dollar Uptrend Back to Focus, While EUR/USD to Support Zone

20.9.2021
This week, the US Dollar made a return, further extending gains versus the Euro. After ignoring the 1.1909 – 1.1887 resistance zone, the EUR/USD formed a Shooting Star by August. The pair is preparing to revisit the crucial 1.1704 – 1.1664 support zone after wiping out the 23.6 percent...

El Salvador ranks third in global Bitcoin ATM installations, data finds

18.9.2021
The Salvadorian government has installed over 200 ATMs in September after adopting Bitcoin as a legal tender

After Fed Members Disclose Million-Dollar Stock Trades Fed’s Powell Initiates Ethics Inquiry

17.9.2021
The Federal Reserve chairman Jerome Powell has directed his staff to start an ethics inquiry into the financial activities of Fed members, as a number of senior central bank officials are being questioned for their investments. Reports indicated last week that the president of the Dallas Federal...

Nigerian Currency Plunges to New Low of 570 — 10% of Value Lost in Under 30 Days

17.9.2021
The Nigerian currency, the naira, plunged to a new all-time low of N570 for every dollar on September 16, 2021. This new exchange rate means since August 17, the naira has now lost about a tenth of its value on the foreign currency black market. Naira Overvalued In spite of this plunge, which...

Multimillion-dollar investment rounds spark rallies in Avalanche and Audius

16.9.2021
Increased use of cross-chain bridges and sizeable investments from a variety of venture capital firms are boosting the price of AVAX, CELR and AUDIO

XRP Denies Breaking the Psychological Level of $1

16.9.2021
Ripple (XRP) has been trading strong on the price charts for one day. The financial coin is unlike other cryptocurrencies that need mining to validate transactions. Ripple has emerged as a strong competitor to transfer organizations such as SWIFT in the last couple of years. Holding its position...

Kiwi Improves, Dollar Sluggish As Traders Bide Time Before Fed Meeting

16.9.2021
Traders have been looking forward to the coming week’s Federal Reserve Policy meeting. The Dollar has been lagging compared to the other peer currencies of different economies. The Kiwi surged by 0.23% by briefly reaching 0.47%. The New Zealand Dollar was able to jump because the economy grew...

Shark Tank Star Kevin O’Leary Expects a ‘Trillion Dollars’ Flowing Into Bitcoin

14.9.2021
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, expects a “trillion dollars” more to flow into bitcoin in the next couple of years. He also sees cryptocurrencies becoming an institutional asset class. “We don’t know when but it is definitely going to come....

WePiggy and QuickSwap Collaborate to Amplify the Usability of $dQUICK

13.9.2021
Quick-Swap is a leading DEX application that works on Polygon. According to reports, WePiggy, industry’s renowned lending protocol, is collaborating with QuickSwap for a strategic partnership. Reportedly, WePiggy and QuickSwap are planning to promote the widespread use of $dQUICK. They have...

Tether’s 1,500% Market Cap Increase in 500 Days — USDT Stablecoin Market Nears $70 Billion

10.9.2021
The stablecoin giant tether is by far the largest dollar-pegged crypto asset in the crypto economy and today, the number of tethers in circulation is nearing $70 billion. 90 days ago on June 12, 2021, the number of tethers in circulation was around 63 billion tokens and the supply has swelled...

Dollar Ready for First Positive Week in Three With Fed Stimulus

10.9.2021
The dollar has been struggling for some time, but the currency is set for its first winning week after three. After rebounding from a payrolls-triggered sell-off, the currency found a positive outlook. Investors are speculating on the Fed’s next move. All eyes are on the Federal Reserve as...

Robinhood Launches Recurring Crypto Buy Feature to ‘Help Smooth Out Price Swings’

10.9.2021
On Wednesday, the stock and cryptocurrency trading platform Robinhood rolled out recurring crypto investments and now customers can purchase as little as $1 in crypto commission-free daily, weekly, biweekly, or monthly. The company’s announcement discusses the strategy of investment called...

Bitcoin does not make a great deal of sense, according to billionaire Lee Cooperman

9.9.2021
The Omega Advisors chairman and CEO said people should be careful about Bitcoin, and suggested gold as a better store of value

Australian Dollar Seems Unfazed After Chinese Inflation

9.9.2021
Post Chinese inflation, the Australian Dollar did not witness any changes against the US Dollar, and factory gate prices for August were released. Chinese economic data significantly influences the Australian dollar due to Australia’s vast amount of commerce with China. Last month...

Nigerian Central Bank: We Are Not Worried About the Naira’s Valuation

9.9.2021
The Central Bank of Nigeria (CBN)’s director of monetary policy, Hassan Mahmud, has suggested that the institution is not worried about the naira’s valuation but is instead interested in “boosting dollar supply on the currency market.” Naira Depreciation According to...