The Prime Minister of Estonia has said cryptocurrencies must be restricted in order to address loopholes that may be used by sanctioned Russian entities to evade the punitive measures. In addition, the premier wants all Russian as well as Belarusian banks to be removed from the global payment network. Sanction Evasion Concerns The Estonian prime […]
The British pound is in positive territory, as the US dollar has retreated against the major currencies for the first time in five days. GBP/USD is trading at 1.3169 in the North American session, up 0.52% on the day. The US dollar has had its way with the pound in recent sessions, but GBP/USD has […]
Wise, a popular British fintech firm formerly known as TransferWise, has today announced plans to hire 150 employees to occupy its Singapore office this year.
According to a Wall Street Journal, at the opening ceremony of the 2022 Winter Olympics in Beijing, the number of transactions using the digital yuan greatly exceeded that of Visa. (Read More)
A hot inflation release has Wall Street bracing for a half-point Fed rate hike in March, with a full percentage point of hikes by July. Â Everything got more expensive in January and fears remain that it will get worst. US stocks initially tumbled after surging prices made swap markets add another Fed rate hike, bringing […]
The British pound finally woke up this week and has punched past the 1.36 level. GBP/USD is trading at 1.3615, up 0.78% on the day. The highly anticipated US inflation reading did not disappoint, coming in a 7.5% y/y for January. This beat the forecast of 7.3% and was up from 7.0% in December. US […]
North Korea has stolen more than $50 million in cryptocurrency between 2020 and mid-2021 to fund the country's missile programmes, an excerpt from a United Nations report stated. (Read More)