On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second (EH/s). Bitcoin Hashrate Remains High Despite Recent 7.56% Difficulty Rise As of […]
Lebanese Security Uses Tear Gas as Hundreds of Protesters Storm Government Headquarters
Hundreds of protesters, including large numbers of retired soldiers and police, marched in downtown Beirut on Wednesday to protest Lebanon’s deteriorating economy. When the protesters attempted to breach a fence and storm the government headquarters bu…
Angry Lebanese Protesters Smash Banks and Block Roads in Beirut
A crowd of several dozen angry protesters went on a rampage in Beirut on Thursday, blocking roads and vandalizing bank offices to protest the collapsing Lebanese economy and rules which prevent depositors from withdrawing their money.
Report: Socialist Argentina and Brazil Plan Joint South American Currency
The leftist governments of Argentina and Brazil will soon begin proceedings for the creation of a new common currency, tentatively called “sur” (South), the Financial Times claimed in a report on Sunday.
Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization
After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan for oil, and Riyadh officials saying last March the country would consider […]
Ukraine’s Tascombank Pilots Stellar-based E-hryvnia
Tascombank, one of the oldest banking institutions in Ukraine, has completed the pilot testing of a digital currency based on the Stellar network. The bank believes that its electronic money platform represents an economically viable implementation of blockchain technology. Tascombank Conducts Tests With New Ukrainian Digital Currency An “electronic hryvnia” has been tested by Ukraine’s […]
Ethereum’s Dominance on the Rise: Market Share Increases by 3% Among Global Crypto Assets
Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19% dominance rating. Ethereum’s Market Share […]
Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis
Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors from New York are scrutinizing transfers between Digital Currency Group and its subsidiary, Genesis Global Capital. Report Claims Digital Currency Group, Genesis Global Capital Allegedly […]
BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues
According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion, going from $21.84 billion to its current level of $16.77 billion. Stablecoin […]
Russia and India Move Away from Dollar and Euro for Bilateral Trade
Russian Foreign Ministry official Zamir Kabulov said on Wednesday that Russia and India are taking steps to use their respective national currencies for trading with each other, instead of U.S. dollars or euros.