Russia’s proposed state-issued digital currency is coming, according to one of the country’s legislators. However, with SWIFT indicating that it has no plans to stop servicing Russian banks, it’s unclear whether another Russian proposal, for a payments network that would include it and several nearby countries, will continue to interest policymakers.
Bolivar to Bitcoin Trading Surpasses a Record $1 Million per DayVenezuela’s economic situation has been steadily declining in the past few years, bringing Venezuelans to turn to cryptocurrencies. According to VeneBloc data, the bolivar-to-bitcoin market recently reached a new record, as the equivalent of $1.009 million in bolivars were exchanged for bitcoin on April 17.… Read More »
Wall Street Veteran Likens Cryptocurrencies to Candy Crush Game CurrencyRichard Bernstein isn’t building any bridges with the cryptocurrency community. The head of the Wall Street research firm that bears his name said in a note to clients today that there’s little difference between cryptocurrencies and the virtual currencies you earn with internet games like Candy… Read More »
The Pound Sterling moved lower against the US Dollar after the latest data increased investor uncertainty on possible rate increases from the Bank of England.
Oil prices continued to surge on Thursday after Saudi Arabia announced on Wednesday that it will be happy to see prices hit between $80 and $100 per barrel.