by Jibran Munaf | October 3, 2024 | Currencies
The British pound steadied at $1.3286 on Wednesday, following a sharp 0.67% drop the previous day as escalating tensions in the Middle East drove investors toward safe-haven assets like the U.S. dollar. The pound remains around 1% below a two-and-a-half-year high...
by Jibran Munaf | October 3, 2024 | Currencies, Currency Markets Analysis, Currency Trading Strategies
Despite Japanese Prime Minister Shigeru Ishiba’s recent dovish remarks, market analysts continue to hold their expectations for a Bank of Japan (BOJ) rate hike in the longer term. The yen slid sharply, reaching 147.15 against the U.S. dollar, after Ishiba stated...
by Jennifer George | October 2, 2024 | Cryptocurrencies, Currencies, News
Heightened tensions in the Middle East rattled cryptocurrency prices as Bitcoin slid to $60,000 levels on Tuesday night. The bullish cryptocurrency was last down nearly 4%, trading at $60,972.62, according to Coin Metrics. At approximately 4:45 p.m. Eastern Time,...
by Jennifer George | September 27, 2024 | Cryptocurrencies, Currencies, News, Regulations
Dubai’s Virtual Assets Regulatory Authority (VARA) has rolled out a revised list of marketing rules for virtual asset service providers (VASP) in the Emirate. These guidelines outline various aspects of how VASPs must word the services they provide to...
by Priyanka Sharma | September 24, 2024 | Banking, Banking Regulations, Central Banks, Currency Markets Analysis, Economy, politics, Trending Now
In a bid to revive its flagging economy, China’s central bank has unveiled a major package of measures including plans to lower borrowing costs and allow banks to increase their lending. People’s Bank of China (PBOC) Governor Pan Gongsheng announced the...
by Jibran Munaf | September 22, 2024 | Cryptocurrencies
Mesh, a fintech company specializing in API-based financial solutions, has entered into a strategic partnership with CoinMENA FZE, a leading digital asset trading platform in the Middle East, according to a press release. This collaboration aims to enhance the ease...
