This Monday, the Argentine peso devalued 22 % after the impact on the country due to the victory in the primary elections of the far-right Javier Milei.
For some analysts, the fall in the local currency is not a surprise, taking into account that the winning candidate "proposes to dollarize the…
Read More...
Browsing Tag
economy
PayPal introduced its own “Cryptocurrency Hub”
Electronic payment giant PayPal continues to demonstrate an unwavering commitment to Blockchain technology and cryptocurrencies, even after the recent launch of its own stablecoin earlier this month.
The brand new "Cryptocurrencies Hub"…
Venezuela will promote development with four special economic zones
During a conference on Thursday with the country's governors, mayors and business sectors, Nicolás Maduro decreed four special economic zones (ZEE in Spanish) that will allow, according to the president, the transition towards a post-oil…
UK GDP grew 0.2 % in the second quarter
The Gross Domestic Product (GDP) of the United Kingdom accelerated its growth in the second quarter to 0.2 % compared to the expansion of 0.1 % in the previous quarter, as reported by the National Statistics Office (ONS).
The rebound in…
Federal Reserve expands supervision of cryptocurrency banks
The United States Federal Reserve announced a significant expansion of its supervision program aimed at banks in the country that operate in the field of cryptocurrencies and blockchain technology.
In a statement issued on August 8 by the…
Inflation in Chile falls to 6.5% year-on-year in July
The Consumer Price Index (CPI) of Chile fell to 6.5% year-on-year in the month of July, which represents a reduction of 1.1 points compared to the previous month, according to the National Statistics Institute (INE). From Chile.
This drop…
Paypal officially launched its own cryptocurrency
Payments company PayPal announced the launch of PayPal USD (PYUSD), a stablecoin denominated in US dollars and backed 100 % by US dollar deposits, short-term US Treasury bonds and similar cash equivalents.
According to the payment services…
Trade with NFTs “cooled off”, despite enthusiasm with the Web3
Non-Fungible Tokens (NFTs) have experienced notable changes in their recent landscape. Although NFT trading has declined, developer interest in Web3 technologies remains strong.
Ordinals, a protocol that facilitates the addition of NFTs to…
The US will increase quarterly debt issuance after Fitch’s rating downgrade
The United States Department of the Treasury has announced that it plans to issue 103,000 million dollars (93,784 million euros) in long-term debt to repay the approximately 84,000 million dollars (85,590 million euros) in bonds maturing on…
A third of NFT buyers don’t know what to do with them
A third of non-fungible token (NFT) buyers currently don't know what to do with them, reflecting the decline in popularity of this digital asset after peaking a couple of years ago.
The NFT market suffered a drop of more than 90% in 2022,…
US oil reserves fall about 17 million barrels
The US Energy Information Agency (EIA) revealed that commercial oil reserves in the United States suffered a spectacular drop of 17 million barrels during the week ending July 28. This reduction is much greater than what the market expected…
Oil giants suffer drop in profits in 2023
Oil and gas multinationals experience a significant decline in their profits during the first half of the year, as a result of the fall in fuel prices, after an exceptional 2022. However, these companies continue to be profitable.
On…