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The government of Argentina, which is currently applying dollar exchange controls, has added two new dollar exchange rates into its arsenal: the “Qatar” and “Coldplay” dollars. However, Kristalina Georgieva, managing director of the International Monetary Fund (IMF) has made declarations against these measures, stating they are not a substitute for
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Private banks are even more risk-averse when granting a loan. In Brazil, the largest private bank, Itau, offers personal loans with an annual interest rate that can go up to 172.85%, according to its website. In Argentina, the annual interest rate offered by the largest private player, Banco Santander, can
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The United States Federal Reserve is tightening, and interest rates hike has heavily impacted on the crypto market. Earlier this month, Bloomberg
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The largest cryptocurrency by market capitalization was recently trading at about $19,350, up about 5% over the past 24 hours. BTC dipped below $18,400 late Wednesday afternoon (UTC), its lowest level since early June, following the Fed's 75 basis point increase, but crypto investors started to return in Thursday's early
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Ethereum funding rates had taken a beating after the Merge was completed. This event was the single most anticipated upgrade in the
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The FOMC meeting held on Wednesday and its subsequent results deeply affected the state of the crypto market. Given the large swings
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Crypto markets were volatile in the wake of the Federal Reserve's decision. Bitcoin dropped below $19,000 but soon rebounded to $19,500, then slid to $18,900. Equities also saw wild swings during Powell's press conference. At press time, the S&P 500 and Nasdaq traded at around where they opened on Wednesday. Source
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A popular trade drove up funding rates to lifetime highs for ether futures. Original Source
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Bitcoin has seen fluctuating sentiment lately. With numerous dips and recoveries, it is no surprise that investors have had a hard time
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