The Bank of England expressed its belief that the digital pound can coexist with private stablecoins. The Bank reportedly indicated that the digital pound could be supplemented with private stablecoins in a digital payment system.
In an interview, Bank of England Governor Andrew Bailey said the…
Read More...
Inflation in Ecuador falls six tenths in January
The Consumer Price Index (CPI) of Ecuador fell to 3.12 % year-on-year in January, which represents a drop of six tenths compared to the December figure, when it stood at 3.74 %.
Such a low figure has not been given since last April, when…
Alliance Bancamiga and UNDP: the “En Marcha Digital” program started
Bancamiga and the United Nations Development Program (UNDP) launched this Thursday the En Marcha Digital program, which seeks to strengthen the management of micro-entrepreneurs in the country.
The initiative will provide 40…
IMF and El Salvador assess the region’s economy
The Government of El Salvador received a visit from the Executive Board of the International Monetary Fund (IMF) to evaluate the economy of the region. The meeting is held as part of the traditional visit that the IMF maintains with member…
London ranks as the city best prepared for crypto adoption
The capital of England, London, is emerging among the cities best prepared for strengthening and launching cryptographic companies, according to recently analyzed data.
The aspects analyzed to reach this conclusion include “eight key…
Venezuela and Colombia sign investment agreement
This Friday the President of the Republic, Nicolás Maduro, signed an agreement for the promotion and reciprocal protection of investments with the Republic of Colombia, in order to strengthen economic development between both nations.
The…
Argentina faces inflation with a new 2,000-peso bill
Argentina will put into circulation in the middle of this year the new 2,000-peso bill, which will become the highest denomination. The purpose is to face the high inflation that overwhelms the nation.
In December 2022, Argentina closed…
Indonesia to launch its national cryptocurrency exchange in June
The Indonesian Ministry exchange will be a clearinghouse and custodian in the local cryptocurrency market, meaning it will act as a mediator between a buyer and a seller and manage the movement of assets between the two parties.
Currently,…
OPEC+ maintains its production plans
The Joint Ministerial Supervision Committee (JMMC) of OPEC+, a group formed by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, has determined to maintain the 'status quo' in oil production, as…
Tesla posts loss on Bitcoin trades
Electric vehicle maker Tesla posted a gross impairment loss of $204 million on its Bitcoin holdings in 2022, according to a report filed with the US Securities and Exchange Commission (SEC).
Despite recording a profit of 64 million from…
El Salvador created the Bitcoin Association
El Salvador recently approved the creation, although its launch is still awaited, of Asobitcoin, the association that will aim to guide companies in the Central American country in everything related to cryptocurrency and its adoption.…
Bitcoin miners begin to show significant increases
The bitcoin mining community experienced a 50% increase in revenue in the first month of 2023 through mining rewards and transaction fees.
The drop in bitcoin mining revenue in December 2022, coupled with a rise in energy prices, had put…