Economic news

El Salvador’s Bitcoin HODL Strategy Pays Off

El Salvador's HODL strategy with Bitcoin pays off as the nation sees a 55% profit. Despite market fluctuations, El Salvador remains committed to...

Biden Urged to Intervene in U.S. Citizens’ Detention in Nigeria

Pressure mounts on the Biden administration to aid the release of Tigran Gambaryan and Nadeem Anjarwalla, detained by the Nigerian government since Feb....

Binance Labs Becomes Independent Entity, Detaches from Binance

Binance Labs separates from Binance, becoming an independent entity. The transition signifies a significant development during CEO Richard Teng’s tenure. Contracts for Binance...

Unveiling Philippines’ wCBDC Pilot Project – Project Agila

BSP's deputy governor, Mamerto Tangonan, revealed details about the wCBDC pilot project named Project Agila. The project involves six domestic banks and aims...

US Employment and Spending Data Awaited Amidst Fed Rate Cut Speculation

US employment and spending data, crucial for Federal Reserve's policy decisions, set to be released on February 29. Inflation data surpassing expectations leads...

ECB Economists Claim Bitcoin’s Failure as Global Digital Currency, Face Backlash Over ETF Criticism

ECB economists argue that bitcoin has failed to fulfill its promise as a global decentralized digital currency, with a fair value still deemed...

Federal Reserve Governor Waller Addresses Crypto, CBDCs, and Dollar Dominance

Federal Reserve Governor Christopher J. Waller spoke at the “Climate, Currency, and Central Banking” conference. He discussed the potential impact of cryptocurrency on...

Big Banks Lobby for Role in Bitcoin ETF Custodianship

Financial Institutions FOMO: Major U.S. banks express interest in becoming custodians for spot Bitcoin ETFs. SEC Petition: Coalition of trade groups urges SEC...

Pro-Crypto VP Victory: Prabowo Subianto and Gibran Rakabuming Raka Secure Indonesia’s Presidential Race

Pro-Crypto Leadership: Prabowo Subianto and Gibran Rakabuming Raka clinch victory in Indonesia's presidential race, securing approximately 58% of the votes. Blockchain Focus: Gibran...

Ethiopia Emerges as Hub for Chinese Bitcoin Miners Amid Hydropower Boom.

Ethiopian Bitcoin Mining Boom: 21 bitcoin miners, predominantly Chinese, sign power supply agreements. Foreign Exchange Focus: Ethiopia prioritizes foreign exchange gains despite climate...

Spanish Treasury Targets Cryptocurrency in Tax Reform

Cryptocurrency Seizures: Spanish Treasury proposes tax reform to allow the seizure of cryptocurrency assets for tax debts. Agencia Tributaria Authority: The reform designates Agencia Tributaria...

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El Salvador’s Bitcoin HODL Strategy Pays Off

El Salvador's HODL strategy with Bitcoin pays off...

Biden Urged to Intervene in U.S. Citizens’ Detention in Nigeria

Pressure mounts on the Biden administration to aid...

Binance Labs Becomes Independent Entity, Detaches from Binance

Binance Labs separates from Binance, becoming an independent...

Dogecoin Surges 14% Following Elon Musk’s Endorsement

Elon Musk expressed potential acceptance of Dogecoin as...

HKMA Launches Stablecoin Issuer Sandbox

The Hong Kong Monetary Authority (HKMA) introduced a...
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