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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 Hits ,997 Low as Crypto Market Faces Sharp Declines

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

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 Hits ,997 Low as Crypto Market Faces Sharp Declines

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

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 Hits ,997 Low as Crypto Market Faces Sharp Declines

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability

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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 Hits ,997 Low as Crypto Market Faces Sharp Declines

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

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 Hits ,997 Low as Crypto Market Faces Sharp Declines

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

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

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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 Hits ,997 Low as Crypto Market Faces Sharp Declines

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

TRX’s USD Exchange Rate Jumps 270% Higher on FTX After Exchange Brokers Deal With Tron

Bitcoin.com
TRX’s USD Exchange Rate Jumps 270% Higher on FTX After Exchange Brokers Deal With Tron
$0.057 per unit
TRX’s USD Exchange Rate Jumps 270% Higher on FTX After Exchange Brokers Deal With TronOn Thursday, at approximately 12:48 p.m. (ET), the embattled exchange FTX revealed that it has created a special facility with Tron. The deal allows holders of specific Tron-based coins to withdraw the tokens to external wallets on a 1:1 ratio. While coin market aggregation sites say tron tapped a high of $0.06 per token on […]
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Bitcoin Hits ,997 Low as Crypto Market Faces Sharp Declines

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

The US Government Holds Over 214,000 Bitcoin, Fed’s Stash Equates to More Than 1% of BTC’s Supply

Bitcoin.com
The US Government Holds Over 214,000 Bitcoin, Fed’s Stash Equates to More Than 1% of BTC’s Supply
$4.22 billion
The US Government Holds Over 214,000 Bitcoin, Fed’s Stash Equates to More Than 1% of BTC’s SupplyUnited States law enforcement officials announced on Monday that the U.S. Department of Justice (DOJ) seized “approximately 50,676.17” bitcoin from a Silk Road thief. The latest seizure adds to the cache of bitcoins the U.S. government holds today as three forfeitures during the last two years have led to a stash of around 214,682 bitcoin […]
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Bitcoin Hits ,997 Low as Crypto Market Faces Sharp Declines

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

Displaying US Dollar Prices Still Prohibited, Ghanaian Central Bank Tells Actress Lydia Forson

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Displaying US Dollar Prices Still Prohibited, Ghanaian Central Bank Tells Actress Lydia Forson
Bank of Ghana
Displaying US Dollar Prices Still Prohibited, Ghanaian Central Bank Tells Actress Lydia ForsonThe Bank of Ghana recently warned businesses quoting U.S. dollar prices that the practice is still prohibited and that the cedi remains Ghana’s sole legal tender. The bank said it is working with law enforcement to “clamp down on illegal foreign exchange operations.” In addition to naming and shaming businesses violating the law, a Ghanaian […]
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Bitcoin Hits ,997 Low as Crypto Market Faces Sharp Declines

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

Nigerian Currency Redesign Controversy: Naira Slips by Almost 20%, Experts See Exchange Rate Reaching 1,000:1 USD Before Year End

Bitcoin.com
Nigerian Currency Redesign Controversy: Naira Slips by Almost 20%, Experts See Exchange Rate Reaching 1,000:1 USD Before Year End
Andrews Elueni
Nigerian Currency Redesign Controversy: Naira Slips by Almost 20%, Experts See Exchange Rate Reaching 1,000:1 USD Before Year EndThe Nigerian currency appeared to accelerate its decline versus the U.S. dollar after it slipped to a new low of 900 naira for every dollar. The currency has continued to depreciate even after the Economic and Financial Crimes Commission’s raid on suspected illegal foreign exchange dealers. Continuing U.S. Dollar Shortages Following the Oct. 27 announcement […]
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Bitcoin Hits ,997 Low as Crypto Market Faces Sharp Declines

Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

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