2023-9-28 16:26 |
The WTI oil has surged by 30% this quarter. The rally could feed into inflation, forcing central banks to keep rates elevated for longer than expected.
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Quick Take WTI Crude oil is currently hovering around the $90 a barrel mark, with Brent crude oil reaching as high as $93 a barrel. This escalation, if sustained, is likely to exert additional inflationary pressure on global central banks.
2023-9-15 00:00 | |
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The dollar is the global reserve currency, and has been ever since the Bretton-Woods conference in 1944. Oil, gold and other commodities are commonly priced in dollars. Central banks hold dollars.
2023-5-18 19:22 | |
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Coinspeaker OPEC+ Production Cuts to Impact Central Banks Fight against Inflation Reducing oil production means there will be a relative shortage in the supply of the product. OPEC+ Production Cuts to Impact Central Banks Fight against Inflation
2023-4-5 20:00 | |
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Trust in central and commercial banks is eroding quickly. The internet and social media are oil in the fire and Bitcoin is the extinguisher.
2023-3-31 17:03 | |
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I’m not entirely sure what is going on in the Central African Republic (CAR). More importantly, citizens of the country don’t either. Who are the Central African Republic ? Despite possessing vast natural resources – gold, oil, diamonds, uranium – the African nation is one of the poorest countries in the world.
2022-7-21 19:33 | |
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Binance, the largest cryptocurrency exchange platform globally by trading volumes, has received an operating license in Bahrain. Bahrain is one of the largest oil producers globally, and through this move, it seeks to cement its presence in the buzzing cryptocurrency sector.
2022-3-15 17:22 | |
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The U.S imposed an almost total economic embargo on Iran a while back, including a ban on all Iranian imports and sanctions on Iranian financial institutions. Oil exports plummeted > 70% over the pThe post Central Bank of Iran sees cryptocurrency 'as a solution' for these problems... appeared first on AMBCrypto.
2022-1-19 16:00 | |
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Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price.
2021-6-15 21:00 | |
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BP says world oil demand peaked in 2019 as central banks make “unconventional” policy the norm — and that’s all good for Bitcoin.
2020-9-15 13:27 | |
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Last month, the coronavirus outbreak and the collapse of oil prices had stock markets crashing and economies come to a standstill with countries in lockdown. In response, central banks have announced stimulus programs.
2020-4-13 15:22 | |
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The Fed has long been pumping liquidity in the market and after the market carnage started a few weeks back driven by the novel coronavirus and oil price war, the central bank slashed the interest rates to zero, short-term Treasury bills even dropped into negative territory, and they were forced to work on their strategies. […]
2020-3-29 02:44 | |
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In the past month, Bitcoin lost 50% of its value following the stock market, oil, Treasuries, and even gold as the coronavirus continues to spread. Central banks around the world have injected billions of dollars but the global markets are still taking a beating with broad falls across multiple sectors. This past week, bonds, US […]
2020-3-18 22:16 | |
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Recent news of the collapse of an agreement between OPEC and Russia to support oil prices has rocked markets today. Many market observers believe that the sudden plunges will force central banks around the world to print more money.
2020-3-10 18:15 | |
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U. S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos.
2019-10-3 00:45 | |
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The Central Bank of Venezuela is exploring whether to hold Bitcoin and Ethereum in its international reserves. The cryptocurrencies would be used to circumvent international sanctions and pay state-run oil company debts, the report revealed.
2019-9-29 19:35 | |
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Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central de Venezuela’s (BCV) vaults to pay for oil and gas operations.
2019-9-28 20:45 | |
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As the age-long economic crisis rages on, Venezuela’s apex bank, Banco Central de Venezuela (BCV) is now running internal tests with officials to find out the possibility of holding bitcoin (BTC) and ether (ETH) in its coffers as foreign reserves, as the nation’s state-owned oil company is looking to pay suppliers in cryptos via theRead MoreRead More.
2019-9-27 15:00 | |
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Venezuela has a stash of crypto's and it does not seem afraid to use them. The only problem is that the country does not seem completely sure about how to use them, also. As reported by Bloomberg, the central bank of Venezuela recently started tests in order to determine how to use it's cryptos to […]
2019-9-27 00:17 | |
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Earlier today, news broke that the central bank of Venezula is in tests to see whether it would be advantageous for the institution to hold cryptocurrency reserves. The nation’s state-run oil company is also apparently attempting to send Bitcoin (BTC) and Ether (ETH) to pay suppliers via the central bank.
2019-9-27 23:00 | |
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The central bank of Venezuela is reportedly looking into whether it can store cryptocurrencies in its coffers, Bloomberg reports citing four anonymous individuals close to the matter. According to the report the bank‘s investigation follows a request by Petroleos de Venezuela SA (PSDV) – the country’s state-owned oil and natural gas company – which is apparently looking to send Bitcoin and Ethereum to the central bank.
2019-9-26 18:52 | |
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New, unprecedented economic sanctions have been imposed on Iran’s central bank after blame for a September 14 oil field attack was pinned on the nation by U. S. leaders. The sanctions blacklist the Iranian central bank and sovereign wealth fund, further severing the country’s already tenuous ties to the global market.
2019-9-22 11:38 | |
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The U. S. -China trade war, the Hong Kong protests, and now the attack on Saudi Arabian oil producer Aramco – these events add more pressure to financial and commodity markets that already look overextended; stocks are trading close to all-time highs.
2019-9-17 20:55 | |
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Ethereum bug found, blockchain platform rolls out for oil, China’s central bank is not impressed with blockchain, and crypto gets into the film industry…again.
2018-11-14 03:42 | |
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The Kingdom of Bahrain is an island nation of the Middle East. Home to around 1. 23 million people and a very forward thinking population. Interestingly, Bahrain has a very powerful political position as a result of its location, therefore, cryptocurrency adoption in Bahrain could turn out to have a very significant impact.
2018-10-14 23:00 | |
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Imagine a country about five times the size of France with a population density of only six people per square kilometer. One could walk thousands of miles across the vast steppes without encountering a single human settlement.
2018-9-18 15:30 | |
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As the former reserve currency of central banks and the default denomination of the global oil market, the U. S. dollar has dominated the world’s financial system for the past 70 years, as well as served as a safe-haven for those trying to escape their own, crumbling native currencies.
2018-8-30 12:30 | |
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President Nicolas Maduro of Venezuela has announced on August 14, 2018 that with effect from August 20, 2018, the petro cryptocurrency would officially become the second unit of account in the nation, as the central bank issued altcoin will be used extensively by state-owned oil firm, PDVSA and may also be used to pay workers’ salaries.
2018-8-16 16:00 | |
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Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA.
2018-8-16 00:26 | |
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If data is the new oil, Facebook is the modern version of the Exxon Valdez. Fake news is big business, and it’s easy for central actors to use and abuse their users. Corporate astroturfers will pay handsomely for a well-used Reddit account or social media mention.
2018-8-15 17:47 | |
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In an informal statement made at Yahoo Finance’s All Market Summit: Crypto, William Hinman, the United States Securities and Exchange Commission (SEC)’s director of corporate finance, indicated that the regulatory agency has no plans to deem ether a security.
2018-6-14 21:32 | |
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Several layer-1 tokens soared after the Ripple ruling ignited hopes of a favorable ruling in other SEC cases against crypto firms.
After struggling with recovery for some time, bitcoin (BTC) has continued to lose value and is trading below $20,000 at $19,650. Since mid-January, this is the first time BTC has dropped below this crucial line. Some 24 hours ago, bitcoin…
The Polygon network experienced an outage and its price has decreased 2.35% in the past 24 hours, along side of a broad crypto market decline.
Elrond is currently among crypto assets that are “in the green” after enduring another trying week for cryptocurrencies. Elrond currently trades at $52. 44 Coin expected to reach $60 mark in coming weeks Elrond currently 90.
The average Bitcoin price in September of last year was $45,965. It even hit and surpassed the $50K mark three times back then. It did so when it closed September 4, 2021 at $50,000, September 5 at $51,692, and September 6 at $52,644.
Over the past couple of months, Bitcoin price has been dealing with a narrow trading range trying its best to make a full recovery after plummeting into a series of dips. Bitcoin repeatedly failed to move past the $25K mark Almost 22,000 predicted its price to soar next month Worst-case scenario for Bitcoin involves trading […]