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Venezuela’s President Declares Inevitable Shift Away From US Dollar in De-Dollarization Push
19.5.2023
Venezuelan President Nicolas Maduro has announced that Venezuela will shift away from using U.S. dollars in trade, emphasizing that the de-dollarization process is “inevitable.” He described: “This is the path of Venezuela and the path of a free economy where currencies are not used...
Galaxy Executed its First OTC Options Trade as Demand for On-Chain Options Ramps Up
18.5.2023
In 2022, “DeFi performed exceedingly well while CeFi and some traditional methodologies for transacting had some challenges,” Jason Urban, Galaxy’s global head of trading, told CoinDesk TV
Why didn’t Dogecoin pump alongside Pepe? Avorak Trade has the answer
18.5.2023
Pepe coin (PEPE) took the crypto market by storm a couple of weeks ago, with its price spiking significantly. This surge resulted in a rise in many meme coins. However, many investors and traders question why Dogecoin (DOGE) didn’t pump alongside PEPE and what it means for its future as...
Crypto Observers Decode Large Block Trade in Ether Options
18.5.2023
Debate rages on whether the large ether options flow witnessed on Tuesday represents a bet on return of volatility or a rollover of a "covered call" strategy
Kraken, UK trade body derides lawmaker description of crypto as 'gambling'
18.5.2023
CryptoUK, a trade body based in the United Kingdom, argued that a much more nuanced and tailored approach needs to be taken into consideration
BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies
18.5.2023
South Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to trade in our own currencies.” He also believes that...
US Dollar’s Importance Declining in International Transactions and as Reserve Currency, Economist Says
17.5.2023
A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in international trade and as a reserve currency has been declining. “Other currencies have been getting more important in international transactions and as reserve currencies,” he stressed....
Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz
16.5.2023
On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage...
Bangladesh and India to Trade in National Currencies Due to US Dollar Liquidity Issues
16.5.2023
Bangladesh and India have decided to conduct trade settlements in their own currencies, bypassing the dominance of the U.S. dollar. According to sources from the Bangladesh Bank, the decision was made due to the issues of liquidity in foreign currency that Bangladesh faces, which are disrupting...
Crypto Startup Hourglass Starts Unique Marketplace to Trade Locked Up DeFi Assets
15.5.2023
The company raised $4.2 million in seed round, led by ElectricCapital
De-Risking or Decoupling? China- US Bilateral Trade Falls More Than 10% This Year
15.5.2023
Analysts have criticized the new ‘de-risking’ strategy that the U.S. is currently using against China, explained by U.S. National Security Advisor Jake Sullivan in April, clarifying that national security was over economic costs. These de-risking policies might affect bilateral trade...
Latam Insights: Bolivia Mulls Chinese Yuan for Trade Settlements, Steve Hanke Proposes 30-Day Solution for Venezuelan Inflation
15.5.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia mulls using the Chinese yuan in international trade settlements, inflation reaches 108.8% in Argentina, and Steve Hanke states he...
Shiba Inu news may not be enough to push the price up; Avorak trade suggests
12.5.2023
Shiba Inu, the popular meme-inspired cryptocurrency, has been headlining the crypto space due to its various developments, such as the impending launch of Shibarium. While these developments have generated buzz among the cryptocurrency community, Avorak Trade, a blockchain, and AI-powered trading...
GameStop Is Already Selling Tears Of The Kingdom For $20…With A Catch
12.5.2023
GameStop will happily sell Nintendo’s $70 The Legend of Zelda: Breath of the Wild sequel, Tears of the Kingdom, to you for only $20, as long as you complete the sacrifice: trade-in two of your favorite games.Read more
LG Electronics Seeks Patent for TV Which Lets Users Trade NFTs
12.5.2023
LG has been a node operator on the Hedera Network since 2020
'Don't short when it's dark green' — How to trade the 2024 Bitcoin halving
12.5.2023
Bitcoin is setting up a classic four-year buying opportunity, commentators say, with the next halving just one year away
ATPBot Launched a Real AI Quantitative Trading Bot
12.5.2023
PRESS RELEASE. Recently, ATPBot, the first truly quantitative trading bot, announced that it can now connect to the Binance API for trading, providing users with more opportunities to trade cryptocurrencies. By registering ATPBot, connect to Binance Exchange, enter your investment amount and earn...
OKX Ventures opt for investing in Rage Trade
12.5.2023
OKX Ventures, which is the investment wing of the absolute top-of-the-line crypto exchange and Web3 technology organization OKX, has gone into carrying out investment in Rage Trade. This is a double-legged trading protocol that exists on the Ethereum, as well as Arbitrum mainnet. The entity...
Russian Firms ‘Already Doing Business in Crypto’ – And Say They’ve ‘Every Right to Do So’
12.5.2023
A top Russian politician says domestic firms are “already” doing business overseas in crypto – and says they think they are within their legal rights to do so.
The nation’s vehemently anti-crypto Central Bank has recently agreed to the creation of a law that will allow certain firms to trade...
Polychain Snubs Lucrative Crypto Arbitrage, Prepares to Trade $6M of ROOK Token on Uniswap
11.5.2023
Crypto hedge fund Polychain motioned to sell up to $6 million of $ROOK tokens via Uniswap, upending the calculus behind a savvy DeFi trade