Bitcoin has had its best month yet, with an increase of 27% in July. After the cryptocurrency’s worst quarter in over a decade, the strong rebound was triggered by the announcement of the new flagship cryptocurrency. It is important to note that...
The Federal Reserve will likely raise interest rates 100 basis points at its July 26-27 meeting. This would mark the largest increase since it started using overnight rates as its main tool for monetary policymaking back in the 1990s. The high prices...
Mexico is one of many countries in Latam looking at the potential benefits that bitcoin could bring to its economy. Sen. Indira Kempis, a senator from Mexico, introduced a bill to amend Mexico’s current monetary law in order to allow bitcoin to...
According to Elvira Nabirullina, Governor of the Central Bank of Russia ( CBR), cryptocurrencies can be used in international payments as long as they don’t ‘penetrate the Russian Federation’s financial system. These digital assets can be subject to price fluctuations, and the official...
Rostec, a Russian state-owned corporation, has created a platform that uses blockchain technology to facilitate international settlements between Russia’s partners and the storage and transfer of digital currency. CELLS is an alternative to SWIFT, the global payment messaging network. Many Russian banks...
T. Rabi Sankar, RBI Deputy Governor, spoke about India’s central bank digital currencies (CBDC) at an Indian Council for Research on International Economic Relations. PTI reported that he also discussed potential implications for India’s financial system, and its monetary policy. The RBI...
On Tuesday, major cryptocurrencies traded mixed as oil prices and bond yields fell in anticipation of possible peace negotiations over the Russia-Ukraine conflict. According to CoinDesk, Bitcoin, the largest cryptocurrency by market capitalisation in the world, was trading at nearly 1 percent...
Financial Conduct Authority (UK) has stated that it requested cryptoasset service providers who operate crypto ATMs to shut down their machines or face enforcement action. According to the watchdog, since no crypto firm it has approved is authorized to operate a crypto...
Investors who look to the past for clues as to whether Bitcoin’s current slump is over may be disappointed. Investors who are looking for historical data to determine if the current slump in Bitcoin prices is over may be disappointed to...
Bitcoin prices broke the $40,000 price mark today, seemingly breaking out of the stagnation they have fallen into in the last few weeks. According to CoinDesk data, the world’s most popular digital currency has surpassed this level late today. Additional CoinDesk data...
