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Report: Ghanaian Currency Slips to Another Low Versus the US Dollar

17.10.2022
After it slipped to a rate of about 12:1, the Ghanaian cedi became the latest African currency to touch a new low versus the U.S. dollar, albeit on the unofficial foreign exchange market. Having started 2022 trading around 6.25 per dollar, the cedi has now lost over 90% against the appreciating...

Japanese Yen Plunges to 32-Year Low Against US Dollar — Another Intervention by Authorities Expected

16.10.2022
The Japanese yen’s exchange rate versus the U.S. dollar recently plunged to its lowest rate in 32 years — 147.66 JPY per dollar. The yen’s latest fall comes less than a month after its slip in September prompted authorities to enter foreign exchange markets for the first time since...

Biggest Movers: DOGE, SHIB Slide Following Better-Than-Expected Payrolls Report

7.10.2022
Meme coins were trading lower on Friday, as markets reacted to the latest U.S. nonfarm payrolls report. The data showed that 263,000 jobs were added to the United States economy in September, versus the 250,000 expected. Both dogecoin and shiba inu fell for a third consecutive session. Dogecoin...

Egyptian Pound Latest African Currency to Slump to Record Low Versus US Dollar

6.10.2022
The Egyptian pound recently became the latest currency from the African continent to see its value versus the greenback slump to a record low. The pound’s fall came amidst reports suggesting the Egyptian government is hoping to strike a loan deal with the International Monetary Fund (IMF)...

Namibian Central Bank: Virtual Assets ‘Remain Without Legal Tender Status’ but Merchants Can Still Accept Them as Payment

6.10.2022
The Bank of Namibia recently said it has brought virtual assets and virtual asset service providers under its fintech innovations regulatory framework, and that it plans to amend applicable laws and regulations. According to the central bank’s governor, there is an ongoing “battle...

Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000, USD Hits 2-Week Low

4.10.2022
Bitcoin was back above $20,000 on Tuesday, as the U.S. dollar fell to its lowest point in two weeks versus several G7 currencies. The stronger dollar has impacted purchasing power in cryptocurrencies, and commodities like crude oil, which last week fell to a nine-month low. Ethereum was also...

Report: UK Gold Dealer Sold Out of Bullion After Pound’s Record Fall Causes Demand to Skyrocket

4.10.2022
The United Kingdom-based gold dealer, Ash Kundra, has claimed that he recently ran out of gold coins and bars after the demand for the precious metal skyrocketed. The pound’s plunge to a record low versus the dollar, as well as the turmoil in financial markets, is said to be the cause of...

Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar

3.10.2022
A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a report has said. One Nigerian currency dealer said he expects the naira to further depreciate to...

Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD

29.9.2022
Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have been depreciating against the dollar, the yuan...

XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?

23.9.2022
The XRP price rally appears to be driven by a "buy-the-rumor" frenzy in a potential lawsuit win for Ripple versus the SEC

Ethereum risks another 10% drop versus Bitcoin as $15.4M exits ETH investment funds

22.9.2022
Macroeconomic factors and centralization concerns are putting pressure on Ethereum's price post-Merge

Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years

21.9.2022
The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years, after it touched a new 2022 low of 7.0188 yuan for every dollar on September 15. Similar to other global currencies that have depreciated in 2022...

First Mover Americas: Countdown's On for Ethereum Merge, but Price is Slipping Versus Bitcoin

12.9.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 12, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

Will Ethereum keep rallying versus Bitcoin? ETH price technicals hint at 60% gains ahead

8.9.2022
Ether could enter the pattern's breakout stage in the days leading up to the highly-anticipated Merge

PlayStation Plus Expands With Deathloop, Assassin’s Creed, And Watch Dogs 2

1.9.2022
Sony just announced its September lineup of games for its subscription service yesterday, and it’s pretty loaded. PS Plus members will be able to download Arkane’s stylish immersive sim Deathloop, as well as older crowd-pleasers such as Assassin’s Creed Origins and Watch Dogs 2. At the other end...

Ethereum to $2K? ETH price 'bull flag' hints at September gains versus Bitcoin, dollar

31.8.2022
Ether is forming classic bullish patterns against the greenback and its top crypto rival on shorter-timeframe charts

Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings

6.8.2022
After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nigeria has said importers who fail to remit forex earnings may be contributing to the naira’s...