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CMC Markets Expecting 126 Million Pound Operational Income
8.10.2021
CMC Markets is a UK-based brokerage group founded in 1989. It offers trading instruments and betting solutions to clients. The trading can be done in forex, cryptocurrencies, shares, commodities, etc. As per 2021 CMC Market reviews, it is a well-known and established broker in the UK, listed...
New NFT Collections Loot for Adventurers, MAYC, Inertial Moment Make Serious Headway in Sales
5.9.2021
During the last few weeks, non-fungible token (NFT) collections like Cryptopunks, Axie Infinity, Art Blocks, Bored Ape Yacht Club (BAYC), and Meebits have been seeing massive volumes. However, a number of new NFT collections are making headway in sales and the Ethereum-based roleplaying game called...
Poll shows Brits concerned over prospect of digital pound
24.8.2021
In a recent survey, British adults expressed concerns of personal privacy and government interference on the prospect of a government-backed digital currency
Lebanese Economy Crashes to New Lows – In Less Than Two Years Nation’s Currency Lost 90% Against the US Dollar
14.6.2021
The Lebanese pound dropped to a new low on Sunday against the greenback trading in the low 1,500s range to the U.S. dollar. Lebanon’s currency has been in a downward spiral since 2019, as the pound has lost 90% of its value since then. Reports note that Lebanese citizens are facing shortfalls...
Expert explains why Britain needs a digital pound
21.4.2021
One of the contributors to the Bank of England's preliminary CBDC research tells us why a digital pound is neccessary in the United Kingdom
Can a digital pound CBDC retake London’s financial hub status post-Brexit?
9.4.2021
Could a digital pound accelerate Britain's growth post-Brexit and retake London's status as the European financial hub?
The Economics of the Poet Ezra Pound: What Is Money For?
31.1.2021
Ezra Pound in 1920. The American poet Ezra Pound was never short of things to say, especially with regard to economics. While his literary contributions are unmatched, his economic ideas were largely discarded by his contemporaries, especially as he began to lean towards fascism in the latter part...
Binance Discontinues UK Pound Stablecoin Calling It Just an ‘Experiment’
16.11.2020
The exchange is discontinuing its own BGBP stablecoin, an "experiment" that obviously wasn't a success
How a Massive Devaluation of the Egyptian Pound Inspired a $100M Bitcoin ETP
7.11.2020
Hany Rashwan, CEO of Amun/21Shares, explains how the proverbial bitcoin lightbulb went off when his native Egypt’s currency devalued in 2016
Bitcoin’s Market Cap Is More Valuable Than the IMF’s Special Drawing Rights Reserves
6.11.2020
At its current price per unit, the decentralized cryptocurrency Bitcoin’s market valuation has surpassed the overall value of the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $281 billion). Since the massive global market rout on March 12, bitcoin has risen...
Gemini Adds British Pound to Accepted Fiats in UK After Registration With Watchdog
24.9.2020
Cryptocurrency exchange and custodian Gemini announced on Thursday that its UK users, individual and institutional, will now be able to trade and store crypto using the Pound sterling (GBP)
Bank of England Building Payments Network to Support a Potential Digital Pound
30.7.2020
CoinDesk has learned the Bank of England's new settlement system is being built so it can be forwards compatible with a digital currency
Hyperinflation Hits Lebanon: Food Prices Soar 200%, Biggest Crisis Since Civil War
27.7.2020
Lebanon has entered hyperinflation, the first country in the Middle East and North Africa to do so. With a 462% annual inflation rate and food prices rising by almost 200% this month, Lebanon has joined Venezuela in hyperinflating. Meanwhile, the Lebanese pound has lost 82% of its value this year....
Lebanese Pound Falls 50% in Ten Days — Now Worth One Satoshi
2.7.2020
A deepening monetary crisis has seen Lebanon’s national currency plummet a further 50% over the last ten days to reach parity with a single satoshi
Lebanon’s Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled
29.6.2020
The financial crisis in Lebanon has seen its currency, the Lebanese pound, fall 80%. The International Monetary Fund (IMF) has estimated that the country’s central bank has accumulated losses as much as 170 trillion pounds. The disagreement between the Lebanese government and the central bank...
Forget Bitcoin’s Volatility, BoA Says Unstable UK Pound Like an Emerging Market Currency
24.6.2020
Bitcoin is often criticized for its volatility – now analysts are saying that, and more, about the pound sterling
Bitcoin Has Been the Best Currency Investment for Over 1,200 Years
5.6.2020
Although not designed as an investment vehicle, Bitcoin’s rise in value has made it the best currency investment you could have made in the last 1,200 years
GBP/USD Highlights: Pound Weakens as it Falls to 1.22
13.5.2020
GBP/USD fails to retain the weekly gains around 1.24 as it falls back in the downward trading loop of 1.23 and 1.22. Pound failed to retain support from 50-day daily MA around 1.24 due to the weekly pullback against the US Dollar. The pair hit the double top at 1.26 on the last day of …
Egypt Limits Bank and ATM Withdrawals Citing Rampant Cash Outflow and Coronavirus Fears
30.3.2020
On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds...
PAX Gold Can Now Be Traded Against Swiss Franc and British Pound
20.3.2020
PAX Gold gets first-ever listing against the Swiss franc and the British pound on Switzerland-based exchange Smart Valor