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Volatile Nigerian Currency Rallies 12%, Becomes Best-Performing Currency in April

Bitcoin.com
Volatile Nigerian Currency Rallies 12%, Becomes Best-Performing Currency in April
Africa
Volatile Nigerian Currency Rallies 12%, Becomes Best-Performing Currency in AprilAfter months of sustained decline, the Nigerian currency has rallied since March and is currently ranked as the best-performing fiat currency in April. Andrew Matheny, an economist at Goldman Sachs, said the naira’s momentum can only be maintained if policymakers do not deviate from their current course. Maintaining the Momentum of the Naira According to […]
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Bitcoin mining stocks saw spikes across the board ahead of halving event

Bitcoin mining stocks saw spikes across the board ahead of halving event

Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans

Bitcoin.com
Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
Africa
Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency LoansThe Central Bank of Nigeria has barred the use of foreign exchange as collateral for local currency loans. In its April 8 letter addressed to banks, the CBN warned of severe consequences for banks that fail to comply with the latest directive. Halting the Slide of the Naira Hamstrung by ongoing shortages of U.S. dollars, […]
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Bitcoin mining stocks saw spikes across the board ahead of halving event

Bitcoin mining stocks saw spikes across the board ahead of halving event

Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank

Bitcoin.com
Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank
Africa
Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central BankThe Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the gold coins “have proved to be an effective open market instrument for mopping up excess liquidity in the economy.” Gold Coins as Alternative […]
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Bitcoin mining stocks saw spikes across the board ahead of halving event

Bitcoin mining stocks saw spikes across the board ahead of halving event

Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High 

Bitcoin.com
Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High 
$20 Ceiling
Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar. Despite the decline from its all-time high, APT is still up 349% compared to last month’s exchange […]
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Bitcoin mining stocks saw spikes across the board ahead of halving event

Bitcoin mining stocks saw spikes across the board ahead of halving event

Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime

Bitcoin.com
Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime
Abu Dhabi Commercial Bank
Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate RegimeThe exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have […]
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Bitcoin mining stocks saw spikes across the board ahead of halving event

Bitcoin mining stocks saw spikes across the board ahead of halving event

Decentralized Exchange Trading Volumes Remain Lackluster in the New Year, Uniswap Leads the Way with Daily Swaps

Bitcoin.com
Decentralized Exchange Trading Volumes Remain Lackluster in the New Year, Uniswap Leads the Way with Daily Swaps
Assets
Decentralized Exchange Trading Volumes Remain Lackluster in the New Year, Uniswap Leads the Way with Daily SwapsAccording to statistics, decentralized exchange (dex) monthly trading volumes have dropped significantly since Jan. 2022. After a brief spike in volume in Nov. 2022, dex trade volumes have been lackluster for the past 44 days. As of Jan. 14, 2023, Uniswap version three (V3) has the highest trade volume during the past 24 hours at […]
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Bitcoin mining stocks saw spikes across the board ahead of halving event

Bitcoin mining stocks saw spikes across the board ahead of halving event

Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work Forks

Bitcoin.com
Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work Forks
2 Forks
Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work ForksAfter transitioning from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum community saw the launch of two new PoW Ethereum forks: ethereumpow and ethereumfair. In the past four months, the value of both coins has dropped by 94.8% to 98.4% in U.S. dollars. PoW Ethereum Forks Ethereumpow and Ethereumfair Suffer Significant Value Loss After Launch Since […]
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Bitcoin mining stocks saw spikes across the board ahead of halving event

Bitcoin mining stocks saw spikes across the board ahead of halving event

Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability

Bitcoin.com
Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability
bank accounts
Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency StabilitySudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange market. Analysts have recently linked the situation in peer-to-peer (P2P) crypto markets to the recent drop in the value of the bolivar. Venezuelan Government to Monitor […]
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Bitcoin mining stocks saw spikes across the board ahead of halving event

Bitcoin mining stocks saw spikes across the board ahead of halving event

Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in Dollars

Bitcoin.com
Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in Dollars
Alberto Fernandez
Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in DollarsThe U.S dollar-Argentine peso exchange rate escalated during December, with the Argentine fiat currency reaching new historic lows as citizens ran to exchange their holiday payments for dollars. The U.S. dollar reached a value of 356 pesos on December 28, losing almost 10% during just one week, and threatening to spur a more significant inflationary […]
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Bitcoin mining stocks saw spikes across the board ahead of halving event

Bitcoin mining stocks saw spikes across the board ahead of halving event

Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

Bitcoin.com
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission
bitcoin.com
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF MissionAccording to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said Nigeria needs to dismantle “the various exchange rate windows at the CBN [Central Bank of […]
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Bitcoin mining stocks saw spikes across the board ahead of halving event

Bitcoin mining stocks saw spikes across the board ahead of halving event

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