DeFI News by Thebittimes.Com

The CIS-4-US dollar relationship is currently experiencing some rather unexpected challenges as regional economies navigate a complex web of economic crosscurrents. Armenia, Azerbaijan, Kazakhstan, and Uzbekistan are, at the time of writing, largely insulated from the direct impact of US trade tariffs but are definitely not immune to those pesky secondary effects. While domestic macro conditions are mostly in decent shape right now, key factors to watch include trade exposure to China and the EU, sensitivities to oil prices, and also rising inflationary pressures across the CIS-4 US dollar economic sphere. Also Read: VeChain On The Verge Of Overtaking Trump Coin: Here’s When Oil Dependence, Tariffs, And Inflation Cloud CIS-4 Dollar Hopes Source: Watcher Guru Trade Exposure Heightens Vulnerability The direct impact of US tariffs on the CIS-4 should be minimal, given that the US accounts for only about 0.5-2.0% of their exports, while commodities make up approximately 50-95% of their exp...

Trump’s Bitcoin surge indicators are mounting as President Donald Trump returns to his previous Federal Reserve pressure tactics right now. Bitcoin’s historical performance following similar moves back in 2019 showed really remarkable price increases, and investors and analysts are watching Trump’s crypto stance closely for any signs of another potential Bitcoin price surge in the coming months. Also Read: Dirham Stablecoin Launch by IHC, ADQ & FAB Eases UAE Crypto Risks Could Trump’s Crypto Stance Spark Another Bitcoin Price Surge? Source: Watcher Guru Trump Pressuring Powell Again President Donald Trump has actually resumed his campaign against Federal Reserve Chair Jerome Powell, demanding immediate interest rate cuts. On his Truth Social platform just last week, Trump stated: “The economy is at risk of slowing down unless Mr. Too Late, a major loser, lowers interest rates, NOW.” This Trump Bitcoin surge strategy obviously mirrors his actions from ...

Join Our Telegram channel to stay up to date on breaking news coverage Nigeria’s central bank is looking to the country’s three-wheeler taxi drivers to expedite the adoption of the eNaira a year after creating Africa’s first digital currency, while authorities across the world closely watch its every move. Drivers and passengers of the motorized rickshaws, locally referred to as Keke Napep, who use the eNaira are eligible for a 5% discount. It’s the most recent effort to revive the virtual currency, which has only attracted one in 200 citizens of the continent’s most populated nation. Many Nigerians are confused by the central bank’s concentration on cryptocurrencies because they cannot distinguish between the eNaira, which is backed by the government, and cryptocurrencies. The massive promotion of the eNaira at the same time that authorities are cracking down on cryptocurrencies has drivers of Keke Napep, the most popular mode of transporta...

On Thursday, the European Central Bank (ECB) announced the central bank’ s third consecutive benchmark bank rate increase this year, raising the rate by 75 basis points (bps). In addition to the rate hike, the ECB changed the central bank’ s targeted longer-term refinancing operations terms and conditions noting that they need to be “recalibrated.” ECB Hikes Rate in Attempt to Curb Red-Hot Inflation Eight days ago, the European Union’s statistics office Eurostat published the latest inflation report for September. Eurostat’s records indicated that Euro area annual inflation jumped to 9.9% in September, the highest in 40 years. A week later, the European Central Bank (ECB) and the central bank’ s president Christine Lagarde hiked up the benchmark bank rate for the third time in a row. We’ve just taken our latest monetary policy decisions, determining what’s needed to achieve stable prices in the euro area. Tune in to #TheECBPodcast to hear President Christine @Lagarde present the d...

Harare Institute of Technology, a Zimbabwean higher learning institution, is reportedly developing a central bank digital currency (CBDC). Quinton Kanhukamwe, the institution’s vice chancellor , said the digital currency is expected to help eliminate vices such as currency manipulation and unsanctioned foreign exchange deals. Eliminating Illegal Foreign Exchange Deals A Zimbabwean tertiary learning institution, the Harare Institute of Technology (HIT) is developing a central bank digital currency (CBDC), the organization’s vice chancellor Quinton Kanhukamwe has said. According to Kanhukamwe, the envisaged CBDC is expected to help eliminate vices such as currency manipulation, the hoarding of cash, as well as illegal foreign exchange deals. As per his remarks published by the Herald, Kanhukamwe, who spoke at a graduation ceremony also attended by Zimbabwean President Emmerson Mnangagwa, revealed how the blockchain-anchored CBDC can potentially bring the unbanked into the for...