September Smackdown Coming Next?
Published by ValueWalk S&P 500 declined, with tech holding up best – the volatility spike is here as real economy deceleration is joined by Evergrande fears. Both paper and real assets took it on the chin, and yields together with…
Does Cryptocurrency Eliminate Sovereign Debt?
Published by Newstrail Cryptocurrency is equitable, and must come in good faith. – Bright EnabuleleSovereign DebtEconomic activities are becoming more and more debt-based, resulting in an emboldened sovereign debt crisis worldwide. By the end of this year, over 100 countries…
Bitcoin trading subdued after chaotic debut in El Salvador; Coinbase faces lawsuit
Published by Reuters By Herbert Lash NEW YORK (Reuters) – Volatility in bitcoin eased on Wednesday, a day after El Salvador adopted the crypto asset as legal tender https://www.reuters.com/business/finance/el-salvador-leads-world-into-cryptocurrency-bitcoin-legal-tender-2021-09-07, but the threat of a U.S. lawsuit against crypto exchange Coinbase…
Asian shares on edge in choppy trading, dollar holds gains
Published by Reuters By Alun John HONG KONG (Reuters) – Asian shares hovered just off six-week highs on Wednesday, as a more risk-averse mood spread into the market from the United States overnight due to worries about slowing growth that…
Bitcoin Crashes After El Salvador Adopts It as National Currency
Published by The Daily Scrum News Reading Time: 2 minutes Hours after El Salvador made Bitcoin legal tender, the cryptocurrency fell in price.On Tuesday Morning, September 7th, 2021, El Salvador became the first country to adopt Bitcoin as an official…
El Salvador leads world in adopting bitcoin as official currency
Published by Reuters By Anthony Esposito and Nelson Renteria SAN SALVADOR (Reuters) – El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, a real-world experiment proponents say will lower commission costs for billions of dollars…
In world first, bitcoin becomes legal tender in El Salvador
Published by Relaxnews El Salvador on Tuesday becomes the first country in the world to accept bitcoin as legal tender, despite widespread domestic skepticism and international warnings of risks for consumers. President Nayib Bukele’s government claims the move will give…
Will Crypto Lending Become the Future of Banking?
Published by Newstrail As the number of cryptocurrency users grows, these currencies are slowly finding favor with governments and traditional finance systems. More and more enterprises in the public and private sector are adopting cryptocurrencies in their financial dealings, including…
EFCC boss Advocates for Global Action against Financial Crimes
Published by TDPel Media The Chairman of Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has advocated collective and collaborative approach by authorities across the world in dealing with the challenges of financial crimes which, he…
El Salvador Makes History: Will Bitcoin Bring It Prosperity?
Published by ValueWalk El Salvador makes history tomorrow by becoming the first country in the world to make Bitcoin official legal tender – and other nations will soon follow suit, predicts the CEO of one of the world’s largest financial…