Nigeria’s Bitcoin Premiums May Better Reflect Country’s Demand for the Dollar, Not Crypto
Nigerians are paying a premium, but probably more for the U.S. dollar than for bitcoin, an analyst told CryptoX. Source
Read MoreNigerians are paying a premium, but probably more for the U.S. dollar than for bitcoin, an analyst told CryptoX. Source
Read MoreBlockchain use cases continue to surface as the technology becomes more accessible. In the case of already-known use cases, such as blockchain-based messaging applications, mass adoption is on the horizon.According to a new report from Grand View Research, the global blockchain messaging application market size is forecasted to hit a
Read MoreAfter a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan for oil, and Riyadh officials saying last
Read MoreThe Digital Dollar Project (DDP) released a new version of its white paper "Exploring a U.S. CBDC" on Jan. 18. The project expanded the paper in order to examine central bank digital currency projects internationally, though its focus is still on the United States.The DDP introduced its “champion model” of an intermediated wholesale
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Read MoreBitcoin (BTC) faced a potentially volatile day on Jan. 18, with multiple macro triggers beginning to unsettle the outlook.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBoJ refuses to hikeData from Cointelegraph Markets Pro and TradingView showed BTC/USD holding firm above $21,000 on the day. The pair remained cool amid news from
Read MoreBitcoin (BTC) shows the potential of stretching its ongoing price recovery to $25,000 by March, based on a mix of bullish technical and macro indicators.Bitcoin price exits descending channel rangeFirst, Bitcoin's potential to hit $25,000 comes from its exit from a prevailing descending channel range.A bull run or bull trap?—
Read MoreThe exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the
Read MoreClaims trading platform Xclaim says it has doubled its pool of claims buyers due to interest in FTX. Original Source
Read MoreBrazilians are turning to stablecoins as a way of shielding themselves from the volatility of economic circumstances. This is happening now in the wake of the inauguration of the new government of Luis Inacio “Lula” Da Silva. According to statements coming from exchange executives, the trading volumes of stablecoins have
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