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Argentine Foreign Minister: Financial Contracts Can Now Be Denominated in BTC
24.12.2023
According to Argentina’s Foreign Minister, financial contracts can now be denominated in bitcoin or any other medium of exchange that the parties to the contract so choose. In addition, debtors will be obligated to “deliver the corresponding amount of the designated currency, whether...
Angolan National Assembly Approves Crypto Law to Safeguard ‘Monetary Sovereignty’
22.12.2023
The Angolan National Assembly recently approved legislation that seeks to address crypto mining’s impact on the environment as well as safeguarding the country’s “monetary sovereignty.” The objective of this legislation is to also curb illicit activities by preventing...
Report: Nigerian Currency Plunges to New Low Versus the US Dollar
22.12.2023
The official exchange rate of the Nigerian currency versus the U.S. dollar recently plunged to a record low of 1,248 naira for every greenback. The governor of the Central Bank of Nigeria has told the country’s legislators that he sees the foreign exchange market stabilizing in 2024. Official...
Analysis: Currency market outlook and trends amid economic shifts
22.12.2023
The US real GDP has come out with a growth rate of 4.9% in the third quarter. Experts and analysts are worried about the future since the number is less than what was expected. It was projected to be rolled out at 5.2%, hence the disappointment. It spreads across the currency market, with the...
New York Offers New Virtual Currency Guidance
22.12.2023
On Nov. 15, 2023, the New York Department of Financial Services (NYDFS) issued new standards for virtual currency (coin) listings and delistings. These new regulations apply to Bitlicensees and limited-purpose trust companies and include business model considerations for virtual currency entities...
Dogecoin Price Prediction as DOGE Falls Below $0.10 – Time to Buy the Dip?
21.12.2023
Dogecoin (DOGE/USD), a standout in the volatile realm of cryptocurrencies, is once again in the spotlight as it dips below the $0.10 mark. Trading around $0.09150 on December 21, with an impressive 24-hour trading volume of approximately $513.76 million, the meme-inspired digital currency has seen...
Bitcoin Price Prediction as Trading Volume Spikes by 40% – Are Investors Gearing Up for a Major Move?
20.12.2023
As the digital currency market pulsates with energy, Bitcoin price prediction takes the spotlight, riding on a remarkable 40% surge in trading volume. This burgeoning activity begs the question – is the investment community bracing for a seismic shift in Bitcoin’s trajectory? Amidst...
Report: Bank of Korea Chief Says Growing Use of Stablecoins Threatens Central Bank Operations
19.12.2023
The Bank of Korea governor Rhee Chang-yong recently stated that the growing stablecoin use threatens the operations of central banks. The possible involvement of global networks like Visa and Mastercard in the stablecoin business will likely undermine the monetary independence of countries like...
DCG Can't Sell or Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules
19.12.2023
Genesis requested a New York bankruptcy court to bar ownership changes to secure tax benefits on around $700 million worth of operating losses
Circle Launches EURC Stablecoin on Solana, Expanding Euro Access in the Crypto Space
19.12.2023
Expanding the global reach of euro-based stablecoins, Circle has debuted its EURC token on the Solana blockchain, offering a fully reserved, euro-backed digital asset. Circle Expands its Stablecoin Portfolio With EURC Launch on Solana, Boosting Euro Integration in Digital Finance Circle, a leading...
XRP Price Prediction as $1.2 Billion Trading Volume Sends XRP Down 4% – Are Whales Selling Before January?
16.12.2023
Despite a cautiously optimistic technical outlook, Ripple’s XRP has recently faced a downturn, dropping by 4% amidst a whopping $1.2 billion trading volume. As of December 16, the digital currency is trading at $0.620, marking a marginal 0.50% increase over the last 24 hours. Its significant...
Bitcoin Price Prediction as Gary Gensler Says SEC Taking ‘New Look’ at Spot BTC ETFs – Approval Coming?
15.12.2023
In the dynamic landscape of cryptocurrency, Bitcoin, the pioneering digital currency, has recently seen a downturn, slipping below the $43,000 threshold. This decline aligns with the broader crypto market, which witnessed a 0.25% drop in its global market cap, now standing at $1.61 trillion. This...
Argentina President Milei Devalues Peso, Receives IMF Praise but No Bitcoin Policy in Sight
14.12.2023
Source: Alexey Novikov / Adobe Argentina’s newly elected libertarian president, Javier Milei, has devalued the nation’s currency, the peso, by over 50% and received praise from the International Monetary Fund (IMF) for his plans to restore Argentina’s economy. However, despite...
Bitcoin Price Prediction: FOMC Optimism & Spot ETF Buzz Lift BTC to $42,750
14.12.2023
The digital currency landscape is abuzz as Bitcoin’s price soars to $42,777, marking a significant 4% increase on Thursday. This rally is buoyed by a wave of optimism following the Federal Reserve’s latest FOMC meeting, which indicated a dovish stance on future rate hikes, and sparked...
Uptick in Token Generation Events Signals Market Shift
14.12.2023
The behavior of the cryptocurrency market has changed, with a newfound interest in Token Generation Events (TGEs) and rapid listings, pointing to a potentially revitalized crypto market and an influx of new projects. Crypto Market Shifts Gears With Surge in Token Generation Events In a development...
Russian Ministry of Finance Proposes Exporting Cryptocurrencies as a Commodity, akin to Natural Gas
14.12.2023
Source: Pixabay The Russian Ministry of Finance has presented the idea of exporting cryptocurrencies as a product of mining activities. The move is intended to position digital currencies on an equal footing with traditional exports, such as natural gas, potentially reshaping the landscape of...
Nigerian Central Bank Warns Counterfeiters as Residents Reportedly Grapple With Cash Shortages
13.12.2023
As Nigeria grapples with cash shortages, the country’s central bank warned of the presence of counterfeit, higher-denomination naira banknotes. The bank has urged members of the public to report anyone suspected of falsifying or counterfeiting the banknotes. Central Bank Collaborates With...
S&P Global Ratings Introduces Stablecoin Stability Assessment Rankings
13.12.2023
In a combination of both traditional and decentralized finance (defi) sectors, S&P Global Ratings has announced the launch of its stablecoin stability assessment. The latest tool aims to evaluate the ability of stablecoins to maintain their value relative to fiat currencies. New S&P...
LatAm Embraces Wider Stablecoin Adoption: Circle Report
13.12.2023
Source: Getty Images Fintech firms in Latin America are rapidly embracing digital finance solutions, fueled by an increase in crypto adoption among citizens. In a recent report, USDC issuer Circle revealed that citizens of LatAm countries received $562 billion in digital currency value between 2021...
Stablecoin Tether Receives ‘Constrained’ Rating from S&P Global
13.12.2023
Source: AdobeStock American credit ratings firm S&P Global Inc. said it has started assessing the ability of Tether (USDT) to maintain its peg to the U.S. dollar marking it at a ‘constrained’ rating of 4. Stablecoins are a cryptocurrency whose value is usually pegged to a fiat currency...