Whereas many international locations across the globe are embracing the thought of getting their very own digital currencies, China has outpaced others within the race for a monetary expertise breakthrough with its digital yuan. ...
The Turkish lira plunged greater than 16% on Monday morning after President Recep Tayyip Erdogan fired the nation’s central financial institution chief over the weekend, the third to be sacked in two years. ...
As a part of a push to internationalize the yuan, China has been testing its digital foreign money on buying and selling platforms all over the world the place it may be freely traded with different fiat currencies. ...
Max Keiser talks to Jonathan Chester of Bitwage.com concerning the new actuality of a post-pandemic world and his firm’s enterprise mannequin of permitting everybody to be paid their wages in bitcoin. ...
The world’s largest cryptocurrency, bitcoin, bounced again above $ 48,000 on Monday, following a report by Citi which recommended that the digital asset might at some point grow to be the popular foreign money for worldwide commerce. ...
Russia’s overseas trade holdings elevated to a complete of $ 591.5 billion on February 12, the newest knowledge launched by the nation’s central financial institution reveals. ...
After discussing the launch of the digital ruble with native banks, the nation’s monetary watchdog says it is going to current a extra detailed idea for the nationwide digital forex by summer time. ...
China’s capital metropolis will hand out about $ 1.5 million in a restricted trial of the central financial institution’s digital foreign money, the municipal authorities introduced over the weekend. That marks the third main check of the digital foreign money underneath improvement by the Individuals’s Financial institution of China. ...
As China will get able to have a good time one in all its greatest holidays, the Lunar New 12 months, authorities in Beijing and Suzhou are handing out 40 million yuan ($ 6.2 million) in one other public lottery as a part of digital foreign money assessments. ...
Archaeologists present that the Chumash Indians had been utilizing shell beads as cash for at the least 800 years.
