Rapportera: UK Gold Dealer Sold Out of Bullion After Pound’s Record Fall Causes Demand to Skyrocket

The United Kingdom-based gold dealer, Ash Kundra, has claimed that he recently ran out of gold coins and bars after the demand for the precious metal skyrocketed. The pounds plunge to a record low versus the dollar, as well as the......

Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar

A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a report has said. One......

Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets

A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the worlds largest financial institutions are exposed to roughly €9.4 miljard (US$9 billion) in crypto assets. The research paper authored by the Basel Committees secretariat Renzo Corrias further......

A Recent SEC Filing Shows the World’s Largest Asset Manager Blackrock Plans to Launch a Metaverse ETF

According to a recent filing, Svart sten, the multi-national investment company based in New York City and the world’s största kapitalförvaltare, has plans to create a new exchange-traded fund (ETF) based on metaverse companies. The funddubbed the Ishares Future......

Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto Exchange

A financial institution and a coin trading platform in Kazakhstan have teamed up to carry out what they say is the countrys first such joint transaction for the acquisition of cryptocurrency. Under tiden, Kazakstan’s leadership has declared readiness to further develop crypto......

Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD

Moments after the Chinese yuans onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have been depreciating against......

Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Miljarder in 83 dagar

Just over two months or approximately 83 dagar sedan, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most of 2022, the second largest stablecoin by market......

Binance Seeks License to Reenter Japanese Crypto Market After Exiting 4 Years Ago: Rapportera

Crypto exchange Binance is reportedly seeking to reenter the Japanese crypto market. The company exited Japan four years ago after the countrys financial regulator warned that Binance was operating illegally without a license. Binance Wants Back in Japan Crypto exchange Binance......

South African Financial Services Giant Nedbank Secures a ‘Village’ in the Metaverse

The South African financial services giant, Nedbank, is reported to have acquired a village in the metaverse. The village will be used to showcase African creativity and to create experiences thatgo beyond banking.By securing a virtual property in Ubuntuland,......

Erdogan Suggests Turkish-Russian Payment System, Local Media Reports

Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been......