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Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings – Economics Bitcoin News

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

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Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product – Bitcoin News

On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages derivatives contracts to create a

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Banking Platform Galoy Raises $4M for Bitcoin-Backed Synthetic Dollar

“Bitcoin has brought digital transactions to previously unbanked communities across Latin America, Africa and beyond,” said Galoy CEO Nicolas Burtey in a press release. “However, its volatility makes managing financial obligations difficult. With Stablesats-enabled Lightning wallets, users are able to send from, receive to, and hold money in, a [U.S.

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BNB, Solana Lead Gains in Majors; Traders Point to Dollar Strength for Further Upside

Not everyone is convinced of the upside, however. “Until the economy breaks either up or down not much is going to happen,” opined Chris Terry, vice president at crypto lending platform SmartFi. “We anticipate that bitcoin will continue to trade in this tight range of $20,000 plus or minus 10-15%.” Source

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