The suppression of the lira stems from Erdogan’s core idea that economic growth can be hampered by raising interest rates.
Amid mounting debt-limit default risks, US investors have turned to Bitcoin as ‘digital gold’ to better hedge their savings.
The US Commerce Department’s recent shows that economic growth and GDP have slowed even as Bitcoin struggles to regain $30,000.
Despite surpassing the USD in cross-border payments in China, the use of the yuan in global trade finance remains low.
According to the data shared by Goldman Sachs, Bitcoin has gained as much as 51% in year-to-date absolute returns.
Brazil recently launched the experimental phase of its CBDC project, with plans to see adoption by the end of 2024.
The transaction took place on Russia’s national blockchain network aka the Masterchain blockchain platform.
The US remains the global economy, and though the dollar is weakened, it is still appreciating in value when compared to its peers.
Back in January 2022, Elon Musk took to Twitter to offer the McDonald’s fast food chain to accept Dogecoin. The subject popped up again when a Twitter user Dogedesigner asked Elon Musk whether his offer is still open.
Finance Minister Jeremy Hunt has implored companies to play a crucial role in British economic growth as the country angles for tax hikes.
Under the leadership of President Lula, Brazil has rejoined the Community of Latin American and Caribbean States (CELAC), which the country left in 2019 under orders from Bolsonaro.
More observers are growing bullish on the euro this year despite its relative slump against the US dollar in 2022.
The government said it will also be buying securities with a much shorter tenor as its measures are pegged at stability in both the long and short term.
JPMorgan is officially talking to a few music NFT media about allowing fiat payments.
The British economy was unsettled when former Finance Minister, Kwasi Kwarteng announced a broad-based tax cut without a corresponding revenue source to cushion the cuts and help sustain the economy.