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Bank of England to Double Long-Dated Gilt Buy-Backs, QE Policy to See an ‘Orderly End’ in Mid-October
10.10.2022
After the British pound sterling tapped an all-time low against the U.S. dollar on September 26, the Bank of England (BOE) said it would halt its monetary tightening policy and start buying long-dated bonds again. Approximately two weeks later, the BOE detailed on Monday that it was doubling...
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...
Grayscale’s GBTC Discount to NAV Breaks Records as Spread Widens by More Than 35%
26.9.2022
Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater for a total of 577 consecutive days. GBTC Discount to NAV Widens by 35% — Fund...
Is it Bitcoin’s time to shine? British Pound drops to all-time low against the dollar
26.9.2022
The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but could the British Pound's weakness be a positive for Bitcoin
British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike
26.9.2022
The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal U.S. dollars per unit, but rebounded against the greenback to 1.0775 by 11 a.m. Monday...
GBP follows euro: The pound-dollar rate hits all-time low
26.9.2022
Reaching 1 GBP = $1.04, the pound has crash-landed, marking a record low against the U.S. dollar following the new prime minister’s budget announcements
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...
Speculators and Crypto Traders Blamed for Naira’s Plunge, Kenyan Institutions Told to End Dealings With Nigerian Fintechs, CAR Token Sale off to Slow Start
4.8.2022
In this week’s Africa news highlights, the Nigerian central bank blames speculators for causing the local currency’s plunge to a new all-time low on the parallel market. In Kenya, the central bank has told financial institutions to cease having dealings with two Nigerian fintechs...
Nigerian Currency Plunges to New All Time Low — Central Bank Blames Speculators
30.7.2022
The Nigerian central bank has accused currency speculators of being behind the local currency’s recent plunge to a new all-time low of N710 against the greenback. The leader of a Nigerian association of bureau de change operators insisted crypto trading may be to blame for the naira’s...
Tron’s USDD Regains Stability After Tapping an All-Time Low at $0.92
5.7.2022
Between June 13 and June 27, or roughly two weeks, Tron’s stablecoin USDD dropped lower than the $1 parity and slipped to a low of $0.928 per unit on June 19. During the past seven days, USDD has managed to jump back to the $0.98 to $0.99 region while reaching $1 on July 3. Tron’s...
USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged
21.6.2022
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity,...
GBTC premium hits -34% all-time low as crypto funds ‘puke out’ tokens
17.6.2022
Dark days for crypto institutional investors as contagion fears are magnified and asset prices tumble
Report: Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low
31.5.2022
After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic challenges. Pound Depreciation In a sign that Lebanon’s ongoing economic crisis...
Grayscale Bitcoin Trust Discount Widens to All-Time Low of 30.79%
13.5.2022
The product is one of the only ways for accredited investors in the U.S. to gain exposure to the price movements of bitcoin
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation
10.5.2022
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover....
Robinhood axes almost 1 in 10 staff members as stock hits all-time low
27.4.2022
“We determined that making these reductions to Robinhood’s staff is the right decision to improve efficiency,” noted Robinhood CEO and co-founder Vlad Tenev
Bored Ape Yacht Club’s Apecoin DAO Airdrops Millions of Apecoins to NFT Owners
18.3.2022
During the last 24 hours, the cryptocurrency community has been discussing the launch of a new token called apecoin (APE), released by the newly-formed Apecoin DAO. At launch, the token exchanged hands for $10.36 per coin, but dropped more than 40% to $6.21. Since the token’s all-time...
Bitcoin dips 12% as Russian ruble hits all-time low against USD on Ukraine 'military operation'
24.2.2022
The ruble crashes past 87 to the dollar early on Thursday as events in Ukraine take a turn for the worst; Bitcoin price tanks
'Paper Money' Hits All-Time Low Against Bitcoin & Other Hard Assets – Pantera’s CEO
9.11.2021
As bitcoin (BTC) reaches new all-time highs, the value of paper money has hit an all-time low against hard assets, as “inflation is everywhere,” according to Pantera Capital CEO Dan Morehead.
“It seems like the price of everything is surging up,” Morehead wrote in his monthly letter to investors...
Blockchain Game Axie Infinity Updates Fees as Token Hits All-Time Low
23.9.2021
s fee structure.Or in their words, the growth has slowed down “due to concerns over an imbalance in the amount of SLP minted versus burned per day.” The announcement added that volatility in both SLP and the game’s governance token