ASEAN Currency Plan Risks Trade Wars And Capital Flight For Indonesia
Indonesia, a powerhouse within the Association of Southeast Asian Nations (ASEAN), is considering a bold move – de-dollarization. This involves reducing its reliance on the...
Nigerian Bold Move – 83 Billion Naira In Protest Funds Frozen, But Crypto Wallets Show Activity
In a recent development, Nigerian government announced that it had successfully frozen significant funds linked to sponsors of the #EndBadGovernance protests. The announcement, made by...
XRP Price Skyrockets 14% – Liquidation Data And Whale Activity Fuel Bullish Outlook
XRP, the digital asset associated with Ripple, has ignited bullish sentiment after decisively breaching the crucial resistance level of $0.5657. The cryptocurrency's 14% price correction,...
Goldman Sachs Bets Big on Bitcoin: $418 Million ETF Stake Signals Institutional Adoption
Wall Street giant Goldman Sachs has significantly increased its exposure to Bitcoin, revealing holdings of approximately $418.65 million in spot Bitcoin exchange-traded funds (ETFs) as...
IMF Pushes Back On El Salvador’s $323M Bitcoin Bet
The International Monetary Fund (IMF) has revealed it's making strides in its negotiations with El Salvador to address the potential risks associated with the country's...
Goldman Sachs Doubles Down – US Recession Risk Soars To 25%
Leading investment bank Goldman Sachs has raised concerns about a potential US recession, increasing its risk prediction from 15% to 25%. This shift reflects anxieties...
Dollar Dominance Dented – El Salvador, Russia’s $20M Crypto Trade Deal
In a bold move that could reshape global finance, El Salvador has proposed using cryptocurrency for trade with Russia. This comes on the heels of...
Zambia Joins De-Dollarization Surge: 40% Of African Nations Eyeing Local Currencies Over US Dollar By 2025
The BRICS alliance, composed of Brazil, Russia, India, China, and South Africa, is increasingly influencing global trade dynamics by championing de-dollarization. This initiative, aimed at...
Rupee At Record Low: US Dollar Flexes Muscle, Asian Currencies Tumble
The US Dollar is on a tear in June 2024, leaving a trail of weakened Asian currencies in its wake. This trend has traders cautious,...
Saudi Arabia Joins mBridge: Streamlining Cross-Border Payments With CBDCs
Saudi Arabia central bank, the Saudi Arabian Monetary Authority (SAMA), has joined the mBridge project as a full participant, marking a significant step towards faster...