Search

Nalezeno "The Dollar": 4080

Nigeria Introduces System to Boost Forex Market Transparency

5.10.2024
The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and complete necessary preparations before using EFEMS....

Bitcoin price recovery driven by growing US financial concerns

4.10.2024
Bitcoin price recaptures the $62,000 level as investor grow increasingly concerned about the fiscal health of the US

Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa

4.10.2024
Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend is driven by the instability of local currencies and limited access to US dollars. Businesses and individuals view stablecoins as a reliable...

JPMorgan: Gold and Bitcoin Surge as Debasement Trade Gains Momentum

4.10.2024
Global investment bank JPMorgan’s analysts have highlighted the growing impact of the “debasement trade” in boosting gold and bitcoin prices. Gold’s rise is linked to inflation, geopolitical instability, and waning trust in fiat currencies. Both institutional and retail...

Nigeria Unveils Oil-for-Naira Program to Stabilize Local Currency

2.10.2024
Nigeria began selling crude oil to billionaire Aliko Dangote’s new refinery in naira on October 1st. This “oil for naira” scheme aims to ease pressure on the struggling Nigerian currency, the naira, which has lost significant value this year. However, the success of the scheme...

UBS Warns of Further US Dollar Decline, Advises Investors to Reduce USD holdings

1.10.2024
Financial giant UBS expects the U.S. dollar to continue to depreciate, advising investors to reevaluate their portfolios. The bank predicts a medium-term decline due to shrinking interest rate advantages and a growing fiscal deficit. With the dollar down 5% since June, UBS recommends strategies...

Ghana Launches Gold Coin Priced in Local Currency

30.9.2024
Ghana’s central bank launched a gold coin to boost domestic savings and manage liquidity. The coins are available in October and priced based on the London Bullion Market Association auction price. Despite efforts to strengthen the cedi, Ghana’s currency continues to depreciate against...

Price analysis 9/30: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

30.9.2024
Bitcoin and altcoins are witnessing end-of-month volatility, but traders remain upbeat about October due to the crypto market's history of strong performance in Q4

Solana Whale Buys RCO Finance at $0.03, Targets 1000x Returns

30.9.2024
The crypto market has long been known for its tales of fortunes won and lost in the blink…

DOGE vs DTX: Which One Could Beat XRP to Hit $1 the Fastest?

30.9.2024
The recovering market sentiment has propelled various altcoin projects to new highs. Among the many, Dogecoin (DOGE) and…

US Authorities Bust Billion-Dollar Crypto Laundering Network, Charge 2 Russians

27.9.2024
Two Russian nationals have been charged with running a massive money laundering network that processed billions through cryptocurrency exchanges, the U.S. Department of Justice (DOJ) announced. These exchanges, including Cryptex and Joker’s Stash, enabled criminals to bypass regulations and funnel...

XRP Vs. ETFSwap (ETFS): Which Crypto Will Hit $5 First?

25.9.2024
The cryptocurrency market has been abuzz with comparisons between Ripple (XRP) and ETFSwap (ETFS) as both pursue the…

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

24.9.2024
Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized...