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Nigeria Currency Presently Undervalued Says Bank of America Analysts


According to Bank of America analysts, the Nigerian currency is currently undervalued and will likely end the year trading at around NGN680 per dollar. The analysts assert that higher oil revenues and a liberalized import regime will likely see Nigeria record current account surpluses in the medium...

2 Rate Hikes or Hold? Fed Predictions Vary From No Rate Hikes to 6% in 2023


Based on projections from the U.S. Federal Reserve, it is anticipated that the central bank will implement two additional increases to the federal funds rate within the span of 2023. As indicated by Fed policymakers, they estimate the benchmark bank rate to fall within the range of 5.5% to 5.75%...

Ethiopia Joins Egypt in Seeking BRICS Membership


Ethiopia has joined Egypt and Algeria in applying to become a member of Brazil, Russia, India, China and South Africa (BRICS) economic bloc. According to the Ethiopian Foreign Affairs Ministry, joining the bloc would help the country guarantee its national interests. Safeguarding Ethiopian National...

Bank of America Forecasts Transformative Role of Tokenization in Finance


According to a recent research report by Bank of America (BofA), tokenization can revolutionize financial and non-financial infrastructure and financial markets in the next five to 15 years.  The report highlights the transformative power of tokenization and its wide-ranging implications...

Today in Crypto: Mastercard to Start Testing Its Multi-Token Network This Summer, OKX's Liquid Marketplace Exceeds $3BN in Trading Volume, Binance’s Institutional Clients Remain Optimistic on Crypto


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Mastercard to Start Testing Its Multi-Token Network This Summer, OKX's Liquid Marketplace Exceeds $3BN...

Binance to Lose Euro Transfers as Paysafe Drops Support


Paysafe will discontinue support for bank transfers of euros to and from Binance, the payments provider announced. The news comes when the world’s largest cryptocurrency exchange finds itself under pressure from regulators and banking partners in Europe and elsewhere. Paysafe to Stop Euro Deposits...

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