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Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation

2.9.2020
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another...

US Federal Reserve now owns over 20,000 different financial assets

1.9.2020
The nation's money printer continues to go "Brrr"

Jerome Powell throws US dollar under a bus in Jackson Hole

1.9.2020
Fed Chairman Jerome Powell threw the U.S. dollar under a bus last week at the central bank’s annual Jackson Hole, Wyoming, meeting

South Korean Central Bank Turns to Private Sector for CBDC Help

31.8.2020
South Korea is a step closer to welcoming a central bank digital currency (CBDC), with design and implementation reviews complete – and private companies now set to get involved. Per reports from Seoul Kyungjae and Chosun, the nation’s central bank, the Bank of Korea (BOK), now says it wants...

On quantitative easing, crypto and modern monetary theory

31.8.2020
Crypto needs financial products — simply positioned and simply transparent — to preserve and grow people’s assets in difficult times

South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of 2021 Pilot

31.8.2020
The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency

Major Chinese Bank Launches Central Bank Digital Currency Wallet Briefly

29.8.2020
One of China’s biggest banks recently opened up registration for wallets using the country’s central bank-backed digital currency. There are four levels of the wallet, according to reports. However, the bank took the offer down a few hours later. China’s Digital Currency Wallet...

Visa Exec Says ‘Opt Out With Bitcoin’ Slamming Fed’s Policy Change Toward Inflation

29.8.2020
On Thursday, 17 top Federal Reserve officials explained that the committee plans to let inflation run hotter than usual, or above the benchmark 2% rate for a duration of time. Fed Chair Jerome Powell’s speech was considered a “major policy shift” and a number of economists...

Bitcoin Slips in Latest Crypto Ranking by Chinese Government-Backed Center

28.8.2020
China’s Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking. As the Chinese government focuses on launching its central bank digital currency, the Center for Information and Industry Development (CCID)...

Zimbabwe’s Mobile Money on Life Support as Central Bank Tightens Screws: Restrictions to Affect P2P Bitcoin Trading

28.8.2020
Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account...

Bitcoin price hits $11.6K as Fed says it will let inflation pass 2%

27.8.2020
Loosening of inflation handling boosts Bitcoin in line with expectations that the Fed would inadvertently support safe havens with its decision

Why Bitcoin price may simply shrug at Fed chair Powell’s ‘brrr’ speech

27.8.2020
Fed chair Jerome Powell will give a speech on inflation on Thursday but it may not affect the price of Bitcoin and gold, some commentators argue

Brazil’s central bank examines the benefits of a CBDC

27.8.2020
Brazil’s central bank believes you’ve got to change money, to save money

Tyler Winklevoss says US Fed is the ‘biggest booster’ of Bitcoin price

26.8.2020
The upcoming Fed speech, which many suggest will focus on raising inflation, is only good news for BTC/USD, Winklevoss argues

Hyperinflation and Currency Collapse Fears After Zambian President Fires Central Bank Governor

26.8.2020
Zambian President Edgar Lungu fired the country’s central bank governor Denny Kalyalya last week sparking fears that government wants to end the institution’s independence. Kaylalya was immediately replaced by Christopher Mvunga who reportedly has close ties to the President. The abrupt...