Stocks in the Asia Pacific mostly traded higher on Friday. However, investors are closely monitoring the situation related to the coronavirus stimulus bill. Importantly, investors remained cautious after lawmakers in the U.S. seemed unable to reach a coronavirus stimulus bill. In Japan, the Nikkei 225 gained 0.17% to 23,289.36. At the same time, the Topix …
On Friday, China’s Commerce Ministry made an important. According to this announcement, it will expand the trials of the nation’s central bank digital currency (CBDC). China expands digital yuan to Beijing and neighboring provinces. It is worth mentioning that, there is not yet a set time when the expanded pilot program of the Chinese CBDC …
In 2020, American citizens will have to choose between the current President Donald Trump and former vice president of the country. This month Joe Biden made an important decision, as he announced his running mate. Senator Kamala Harris will be his running mare in the 2020 presidential election. Importantly, Harris shares of the former vice …
The impact of the Covid-19 pandemic on the global economy is changing the behavior of many investors. It is especially visible in the interest of precious metals. Besides, other changes are taking place. For example, the citizens of Egypt have stopped buying gold jewelry and are opting for bullion and coins. According to Al-monitor, a …
Egyptians Put Aside Jewelry and Buy Coins and Gold Bars Read More »
India is the second-most populous country as well as the most populous democracy in the world. It is no small task to conduct elections in such a big country. However, a blockchain-based electronic voting system has the potential to facilitate remote voting. Recently, the Election Commission of India as well as the Tamil Nadu E-Governance …
How Blockchain-Based Voting Systems Can Help India Read More »
The Election Commission of India and the Tamil Nadu E-Governance Agency conducted a webinar. Interestingly, members of the Election Commission of India, Ministry of Electronics and IT, India’s citizen engagement platform, and blockchain industry leaders took part in the webinar. The Southern Indian state of Telangana may soon develop as well as test a blockchain-based …
State of Telangana and Blockchain-Based Voting System Read More »
The U.S. dollar tumbled down against most of its peers on Thursday amidst fading hopes for a compromise between Democrats and Republicans over additional stimulus for the U.S. economy. The currency stalled due to a decline in Treasury yields. However, analysts think that this is likely only a temporary setback. They believe that U.S. lawmakers …
The Euro and Sterling Surged Forward Against the U.S. Dollar Read More »
Silver prices decreased by more than 15%, from $29 to $24.40 in one single day. Analysts suggest not to buy much of an asset that is as explosive on the downside as it is on the upside. However, the silver bull market has not finished yet. Right now there is fear in the white metal …
The New Zealand dollar collapsed to a three-week low in Asian trading at $0.6564, on Wednesday. Auckland resumed lockdowns as four new coronavirus cases were detected after 102 virus-free days. Analysts were waiting for a crucial central bank policy decision, which was due later on Wednesday. However, they haven’t expected any change in rates as …
New Zealand Dollar Plunged to a Three-Week Low on Wednesday Read More »
The overdue correction in gold and silver prices has begun. It has been anticipated highly. Carsten Fritsch, an analyst at Commerzbank, asserts that there’s no need to worry and get desperate about it. After some profit-taking, the precious metals are likely to resume their rally. On Monday, after gold failed in an attempt to reach …
The London-based company Revolut lost millions of dollars in 2019. Revolut is a crypto-friendly trading app as well as one of the biggest fintechs in Europe. Based on the information provided by the London-based startup, its losses more than tripled in 2019. It is worth noting that, Revolut posted a total loss of more than …
Crypto-Friendly Trading App Lost Millions of Dollars Read More »
The dollar rose on Wednesday after finding support. U.S. yields surged forward, pushing the U.S. currency higher against the Japanese yen. Traders wagered on a broader and deeper U.S. coronavirus recovery. The yield on 10-year U.S. debt made its steepest gain in two months overnight ahead of a record $38 billion auction which is due …
U.S. dollar is soaring. What about the New Zealand dollar? Read More »
Cryptocurrencies step-by-step became an integral part of the modern world. However, authorities are struggling to deal with crypto-related crimes, as it is harder to track cryptocurrencies than fiat currencies. Nevertheless, Russia’s Federal Financial Monitoring Service wants to address this issue by developing a new cryptocurrency analytics tool. Thanks to this analytics tool, a major financial …
The Euro traded at $1.1736 on Tuesday after plummeting down to $1.1722 earlier. On the other hand, the U.S. dollar soared. Before that, the greenback had been falling for seven straight weeks. Traders think that it was long due for a short-term corrective bounce. Meanwhile, the Turkish lira traded at 7.2785 per dollar on Tuesday. …
Euro gained slightly Tuesday. What about other currencies? Read More »
On Tuesday, Singapore’s Ministry of Trade and Industry released information regarding its economy. According to the data provided by the ministry, the local economy contracted by 42.9% in the second quarter of 2020 compared to the previous quarter on an annualized, seasonally adjusted basis. Importantly, the country’s economy contracted more than initially expected. The updated …
Singapore’s Economy Contracted by 42.9% in the Q2 Read More »
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