Topics: currency
iBanFirst and SeedBlink Unite for Smart Investments
Learn how iBanFirst and SeedBlink are joining forces to create faster, cost-effective investment solutions for a thriving European market.
Learn how iBanFirst and SeedBlink are joining forces to create faster, cost-effective investment solutions for a thriving European market.
Read moreSwiss Franc Surges Against Euro
The Swiss franc has surged to its highest level against the euro since January 2015, as the euro experienced a significant drop due to market expectations of early interest rate cuts from the European Central Bank.
The Swiss franc has surged to its highest level against the euro since January 2015, as the euro experienced a significant drop due to market expectations of early interest rate cuts from the European Central Bank.
Read moreSwitzerland’s Lugano Allows Bitcoin and Tether Payments for Invoices
Lugano, Switzerland, expands its cryptocurrency payment options, enabling private individuals and companies to pay all city-issued invoices using bitcoin and Tether.
Lugano, Switzerland, expands its cryptocurrency payment options, enabling private individuals and companies to pay all city-issued invoices using bitcoin and Tether.
Read moreSouth Korea plans digital currency pilot test with 100,000 users in Q4 2024
The Bank of Korea (BOK) is set to conduct a pioneering pilot test of a central bank digital currency (CBDC) involving 100,000 participants in Q4 2024. This innovative trial will simulate real-world transactions using public vouchers, addressing inefficiencies in financial systems exposed during the COVID-19 pandemic. Learn more about South Korea's efforts to revolutionize its financial landscape with CBDCs.
The Bank of Korea (BOK) is set to conduct a pioneering pilot test of a central bank digital currency (CBDC) involving 100,000 participants in Q4 2024. This innovative trial will simulate real-world transactions using public vouchers, addressing inefficiencies in financial systems exposed during the COVID-19 pandemic. Learn more about South Korea\'s efforts to revolutionize its financial landscape with CBDCs.
Read moreChina's PBoC Takes Action as Yuan Reaches 16-Year Low
As the yuan hits its lowest level in 16 years, the People's Bank of China (PBoC) is implementing measures to counteract the ongoing decline. Explore the PBoC's efforts to address the currency's depreciation, which is comparable to levels seen during the 2007-2008 global financial crisis. Stay updated on China's attempts to stabilize its currency amidst challenging economic circumstances.
As the yuan hits its lowest level in 16 years, the People\'s Bank of China (PBoC) is implementing measures to counteract the ongoing decline. Explore the PBoC\'s efforts to address the currency\'s depreciation, which is comparable to levels seen during the 2007-2008 global financial crisis. Stay updated on China\'s attempts to stabilize its currency amidst challenging economic circumstances.
Read moreTokyo Hotel Prices Skyrocket Amid Tourism Boom and Weak Yen
Dive into the rapid rise of hotel prices in Tokyo, outpacing major global cities, fueled by the booming tourism industry and the depreciation of the yen. Luxury hotel rates now exceed pre-COVID levels by approximately 30%.
Dive into the rapid rise of hotel prices in Tokyo, outpacing major global cities, fueled by the booming tourism industry and the depreciation of the yen. Luxury hotel rates now exceed pre-COVID levels by approximately 30%.
Read moreLatest Developments in the World Currency Market
In the ever-changing world of finance, the currency market plays a crucial role. As global economies fluctuate, so does the value of various currencies.
In the ever-changing world of finance, the currency market plays a crucial role. As global economies fluctuate, so does the value of various currencies.
Read moreMoody’s: The US dollar will maintain its dominant position in the coming decades
According to credit rating agency Moody's, the dominance of the US dollar in global trade and finance is likely to last for decades, despite increasing challenges.
According to credit rating agency Moody\'s, the dominance of the US dollar in global trade and finance is likely to last for decades, despite increasing challenges.
Read moreEU Approves World's First Comprehensive Crypto Rules
The European Union (EU) has approved the world's first comprehensive set of rules to regulate cryptocurrencies, which puts pressure on countries like the UK and the US to catch up quickly.
The European Union (EU) has approved the world\'s first comprehensive set of rules to regulate cryptocurrencies, which puts pressure on countries like the UK and the US to catch up quickly.
Read moreBreaking News: EU adopts the Regulation on Cryptocurrency Asset Market
On Thursday, April 20, the European Union overwhelmingly voted in favor of the Crypto Asset Market Regulation (MiCA) with 517 voting in favor and only 38 against.
On Thursday, April 20, the European Union overwhelmingly voted in favor of the Crypto Asset Market Regulation (MiCA) with 517 voting in favor and only 38 against.
Read moreCryptocurrency Companies Massively Rush to Switzerland
The recent collapse of two major banks has sent shockwaves through the cryptocurrency industry, putting a spotlight on the difficulties that companies have faced when seeking traditional banking services.
The recent collapse of two major banks has sent shockwaves through the cryptocurrency industry, putting a spotlight on the difficulties that companies have faced when seeking traditional banking services.
Read moreAn Important Bank in the Cryptocurrency industry closes its operations
On March 8, Silvergate Bank, a significant player in the virtual currency industry, announced its closure and liquidation.
On March 8, Silvergate Bank, a significant player in the virtual currency industry, announced its closure and liquidation.
Read moreHong Kong legalises Cryptocurrency from Jun 1
Hong Kong citizens will be allowed to buy, sell and trade crypto assets from June 1.
Hong Kong citizens will be allowed to buy, sell and trade crypto assets from June 1.
Read moreIndonesia launches Digital Rupiah
The Central Bank of Indonesia (BI) has announced a deployment plan of digital rupiah amid the country's digital transaction boom.
The Central Bank of Indonesia (BI) has announced a deployment plan of digital rupiah amid the country\'s digital transaction boom.
Read moreThe South Korean Won becomes Asia's Strongest Rising Currency
The South Korean won is forecasted to strengthen further after recovering from a 13-year low and becoming Asia's strongest performer. The impetus for the strong recovery of the domestic currency of South Korea, a major exporting country, comes from an improved global trade outlook.
The South Korean won is forecasted to strengthen further after recovering from a 13-year low and becoming Asia\'s strongest performer. The impetus for the strong recovery of the domestic currency of South Korea, a major exporting country, comes from an improved global trade outlook.
Read moreAsian Banks test cross-border Digital Currency platform
Several Asian central banks are pioneering on testing blockchain-based platform that makes cross-border digital currency transfers easier as cryptocurrencies enter a period of widespread adoption.
Several Asian central banks are pioneering on testing blockchain-based platform that makes cross-border digital currency transfers easier as cryptocurrencies enter a period of widespread adoption.
Read moreJapan’s Yen falls to a new 24-year low against the U.S. dollar
On the morning of July 14, the Yen fell to a new record low in 24 years against the US dollar. The main reason why the Yen fell sharply against the dollar was because investors were worried that the interest rate gap between the two economies would widen when it was likely that the Fed would continue to raise interest rates.
On the morning of July 14, the Yen fell to a new record low in 24 years against the US dollar. The main reason why the Yen fell sharply against the dollar was because investors were worried that the interest rate gap between the two economies would widen when it was likely that the Fed would continue to raise interest rates.
Read moreDoes Japanese Yen depreciation benefit Japan's economic recovery?
Yen falls to its lowest level in more than 20 years is seen as a "tonic" for Japan's economic recovery. However, the benefit of this must be used wisely.
Yen falls to its lowest level in more than 20 years is seen as a "tonic" for Japan\'s economic recovery. However, the benefit of this must be used wisely.
Read moreMETA DEVELOPS ITS NEW METAVERSE CRYPTOCURRENCY
According to media sources, Meta is developing a new metaverse cryptocurrency, nicknamed "Zuck Bucks" by employees for Facebook and Instagram users, as part of a suite of products designed to reduce the platform's reliance on advertising in the future.
According to media sources, Meta is developing a new metaverse cryptocurrency, nicknamed "Zuck Bucks" by employees for Facebook and Instagram users, as part of a suite of products designed to reduce the platform\'s reliance on advertising in the future.
Read moreIS SHIBA INU A GOOD INVESTMENT?
Shiba Inu Coin Cryptocurrency (SHIB) is a cryptocurrency belonging to the Japanese Shiba Inu project and is issued in the form of an ERC20 token. The idea of the name of this coin was inspired by the smart dog Shiba in Japan with the ambition to turn the Shiba Inu Coin Cryptocurrency into a Doge Killer on the electronic money system.
Shiba Inu Coin Cryptocurrency (SHIB) is a cryptocurrency belonging to the Japanese Shiba Inu project and is issued in the form of an ERC20 token. The idea of the name of this coin was inspired by the smart dog Shiba in Japan with the ambition to turn the Shiba Inu Coin Cryptocurrency into a Doge Killer on the electronic money system.
Read moreEl Salvador is About to Issue $1 Billion Bitcoin Bond
It is said on January 4 that El Salvador would issue Bitcoin bonds worth $1 billion in February or March. Half of the gross proceeds will be used to build the world's first "Bitcoin city".
It is said on January 4 that El Salvador would issue Bitcoin bonds worth $1 billion in February or March. Half of the gross proceeds will be used to build the world\'s first "Bitcoin city".
Read moreChina launches its Digital Currency wallet app
The Central Bank of China has just launched a test version of digital yuan wallet application to gradually popularize using of this digital currency.
The Central Bank of China has just launched a test version of digital yuan wallet application to gradually popularize using of this digital currency.
Read moreWill Mexico's Central Bank launch Digital Currency by 2024?
Mexico’s central bank which operates independently in conducting monetary policy, recently said that it is researching and developing a platform for the purpose of deploying a digital currency. It is said on December 29 via the official Twitter page that Mexico’s Central Bank (Banxico) will circulate its own digital currency in 2024.
Mexico’s central bank which operates independently in conducting monetary policy, recently said that it is researching and developing a platform for the purpose of deploying a digital currency. It is said on December 29 via the official Twitter page that Mexico’s Central Bank (Banxico) will circulate its own digital currency in 2024.
Read moreThailand's Central Bank delays its Digital Currency pilot test to the end of 2022
Thailand's central bank has announced the postponement of pilot test of central bank digital currency until the end of 2022.
Thailand\'s central bank has announced the postponement of pilot test of central bank digital currency until the end of 2022.
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