Search result for Currencies
Blackstone to Invest in Currencies Direct to Target M&A Opportunities
Currencies Direct that is a London-based digital foreign exchange player, has talked Blackstone into investing a sum of £140 million in them. There will be a partnership involved in the funding, by the management team of Currencies Direct, that Keith Hatton leads, and Palamon, apan-European...
A new collaboration to release central bank digital currencies: Visa and ConsenSys on CBDC tech
Highlights:
Visa and ConsenSys have been in talks with central banks around the globe regarding the new tech for central bank digital currencies.
This duo is partnering into pilot cases to test the usability of digital currencies.
ConsenSys is a bloc...
UK customers can now trade in cryptocurrencies using PayPal
Highlights
- PayPal completes the launch of cryptocurrency trading on the platform
- PayPal has over 375 million daily active users and around 30 million merchants
PayPal has announced that it has completed the launch of its crypt...
THE 2ND OLDEST BANK OF THE US, STATE STREET TURNS TO DIGITAL ASSET TRADING
Highlights:
• Currently, State Street’s technology arm Currenex is coordinating with UK’s Pure Digital to create the digital trading platform
• The launch is expected in the middle of...
IT’S A DEAL; PAYPAL ACQUIRES CURV
Highlights:
• Paypal is keen on becoming more inclusive in its crypto offerings
• Curv is a part of Paypal’s expansion plan.
Paypal Holding Inc shall acquire Te...
REPORT: ONLY 8% CYBER CRIMINALS USE EXCHANGES FOR TRANSACTIONS
Highlights:
• Cryptocurrencies are increasingly being used by criminals who hoard stolen digital currencies
• The cryptocur...
CRYPTOCURRENCY MARKET TERMS: A MUST KNOW
Highlights:
- Some common Cryptocurrency market terms that must be understood by investors
- Knowing jargons help investors understand the market talk.
Cryptocurrencies are complex products. Yet they are increasingly being hailed as the future of c...
FCA: INVESTORS IN CRYPTOCURRENCIES MAY LOSE ALL
Highlights:
- Financial authorities uneasy about investors investing in cryptocurrencies
- Cryptocurrency market prices are highly volatile and insecure
With more investors joining the fray of investing in the digital currency market, financial regulator...
DOMESTIC TOURISM REVENUE BOOST AN OPTION FOR ECONOMY DRIVE IN SOUTH ASIAN COUNTRIES, SAYS AGODA
HIGHLIGHTS
- Asia centered online travel services Agoda is relying on recovery from the homegrown travel industry in parts from the Covid-19 pandemic, its top leader said on Monday
Thailand, Vietnam, and Taiwan are among the top business sectors ...
FIRST EVER UAE CURRENCY EXCHANGE SERVICE LAUNCHED BY PINGPONG PAYMENTS
Highlights:
- PingPong payments launch its first-ever UAE currency exchange service for the US and the global merchants.
- The PingPong payments do cross-border payments processing and provide currency exchange services.
- More than 42,000 ...
BIGGEST FALL OF EMERGING MARKET CURRENCIES IN 5 YEARS
Highlights:
- The current fall is due to the coronavirus pandemic and constant fall in the crude oil prices.
- The MSCI Emerging Market Currency Index fell by 6% in the January-March period in the present year.
- The South African rand and the Tu...
REGULATORS NEED TO SPEED UP ON DIGITAL CURRENCIES
Highlights:
- Central banks are under pressure that Facebook’s Libra could reduce the control over money across the globe.
- G20 finance ministers stated that risks need to be evaluated before the global stablecoins start operation.
- The s...
SOUTH KOREA’S FOREIGN CURRENCY DEPOSIT DECLINE ON STRONG USD
Highlights:
- South Korea’s foreign currency deposits slump in January with the selling of USD funds.
- Foreign currency deposits recorded as 74.98 billion U.S. dollars at the end of January.
- Marked as the biggest monthly decline in 11 mo...
STERLING SLUMPS AGAIN
Highlights:
- The pound remained above $1.30.
- Sterling fell 0.3% against the euro and settled at 83.28 pence.
- The interest rates remained unchanged at 0.75% last month.
On Monday, the pound has experienced a slump. It gave b...
WEST AFRICA NEW CURRENCY PLANS
Highlights:
- Eco will be the new currency in West Africa.
- Initially, CFA franc was the common currency used by two African monetary zones.
- Eco is aimed to help the region achieve the objective of the newly signed Africa Continental Free Trad...
STERLING BECAME THE BEST PERFORMING CURRENCY LAST WEEK AMONG G7 CURRENCIES
Highlights:
- Pound Sterling gained 0.37% over the Euro.
- The People’s Bank of China will invest 1.2 trillion yuan to stabilize its markets.
- Pound Sterling became the best performing currency among the G7 currencies last week.
VENEZUELA TO RAISE TAX ON PURCHASES IN FOREIGN CURRENCY
Highlights:
- Venezuela will impose an extra sales tax of 25% on the purchase of goods using foreign currency.
- The law will allow the government to levy a tax ranging between 5% and 25% above 16% value-added tax that already exists.
- The move ...
ZIMBABWE RELY ON THE CURRENCY DEAL TO LIFT TRADE WITH CHINA
Highlights:
- Zimbabwe signed a currency swap deal with China to boost trade and improve the economy.
- Zimbabwe was desperate for international support to reboot its economy.
- Multilateral funders blacklisted Zimbabwe as it failed to repay loan...
CURRENCY SWAP DEAL BETWEEN CHINA AND ZIMBABWE
China and Zimbabwe signed a currency swap deal. The purpose of the deal is to strengthen trade relations between the two nations.
The deal will enable an investor in China to pay a Chinese business in Zimbabwe which is looking forward to foreign exchange. The Chinese-owned business in Z...
CHINA’S CURRENCY IS ON A RISE
Chinese currency is gaining momentum after bearing heavy losses in summer. This came after the easing tensions between the US and China.
The renminbi (Rmb) has gained as much as 0.5 percent against the US dollar on Monday. It crossed the Rmb 6.9 mark for the first time since August. Thi...