by Jibran Munaf | October 21, 2024 | Cryptocurrencies
Bitcoin surged close to $70,000 on Monday, fueled by a wave of inflows into exchange-traded funds (ETFs) linked to the cryptocurrency and growing optimism about future US regulations. The digital asset rose 1% before trimming some gains to trade at $69,005 as of 7:20...
by Jibran Munaf | October 21, 2024 | Currencies
Demand for the U.S. dollar surged last week as investors placed bets on a rally ahead of the upcoming U.S. presidential election, according to strategists at JPMorgan Chase & Co., who cited their proprietary metrics. The surge in buying is expected to continue in...
by Jibran Munaf | October 19, 2024 | Currencies
The U.S. dollar is set for its third consecutive weekly gain, buoyed by strong U.S. economic data, a dovish European Central Bank (ECB), and rising speculation of a Donald Trump election win. On Friday, the U.S. dollar continued its upward trend, marking a third...
by Jibran Munaf | October 15, 2024 | Currencies
The U.S. dollar climbed to its highest level in over two months against major currencies on Tuesday, buoyed by expectations that the Federal Reserve will implement modest rate cuts in the near term. Meanwhile, the yen continued its slide, edging closer to the...
by Jennifer George | October 14, 2024 | Cryptocurrencies, Currencies, Industry, News, Retail Banking, Technology
In an exclusive interview on the sidelines of GITEX 2024, Jakub Zurawinski, Head of Business Development at MatterFi, shares insights into the critical challenges in blockchain security, focusing on the company’s innovative approach to addressing security, privacy,...
by Jennifer George | October 14, 2024 | Central Banks, Cryptocurrencies, Currencies, Economy, News
On October 14, AED Stablecoin LLC secured in-principle approval from the Central Bank of the UAE to launch and establish its stable digital currency, AE Coin. Under the “Payment Token Services Regulation” (Circular No. 2/2024), issued on June 7, 2024, the Central Bank...
