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Inflation Rates Exceeding 100% in Four Countries Drawing upon the latest statistics, ten nations are grappling with inflation rates surpassing 40% as of October 2023, while four countries are enduring inflation rates in excess of 100%. A look into the data curated by the International Monetary Fund’s World Economic Outlook reveals that the Venezuelan bolivar […]

FDUSD Witnesses Surge in Circulating Supply Over the past 85 days, the stablecoin FDUSD has experienced a remarkable increase in its circulating supply, rising by 62% since the beginning of August. This surge has propelled FDUSD into the top ten stablecoins by market capitalization, while also expanding its market volume share. Emergence of FDUSD in

The Resilience of Gold Last night, gold futures came within touching distance of $2,000, reaching $1,998.60 before closing at $1,994.40. This impressive move towards the key psychological level occurred despite the strength of the US dollar throughout the day. The short-term strength of both gold and the US dollar can be attributed to safe haven

The Growing Potential of Bitcoin Bitcoin (BTC), the leading cryptocurrency in terms of market cap, has been gaining significant attention in the digital currency realm, showcasing its strength and market dominance. Currently, its value is hovering just below the $34,000 mark. A recent report from finder.com, titled "Bitcoin to Hit $87,000 by 2025," sheds light

Nigeria Contemplates Outlawing Forex Parallel Market A Nigerian official recently announced plans to expand the official currency market to include "legitimate" participants such as bureaux de change and financial technology companies. The goal is to address the country's foreign exchange shortage. In addition, Finance Minister Wale Edun revealed that Nigeria is expecting $10 billion in

The Rise of Bitcoin On October 24, 2023, bitcoin (BTC) experienced a robust 13% surge during the early morning trading hours, Eastern Time (ET). This rise catapulted bitcoin's value to $35,108 per unit, propelling the entire cryptocurrency market upwards by over 10%. Impressive Gains Across the Market As the market soared, traders who had placed

According to a recent report by blockchain forensics firm Chainalysis, North America remains the largest cryptocurrency market in the world, despite ongoing regulatory uncertainty. The report also highlights a decline in stablecoin-related activity and decentralized finance (defi) usage in the region. Institutional Crypto Activity Drives North America's Market Chainalysis reveals that between July 2022 and

Sam Bankman-Fried Prepares to Plead His Case Directly to Jury Former FTX chief, Sam Bankman-Fried, is set to testify in his ongoing trial, according to his defense lawyer, Mark Cohen. Following testimonies from several witnesses who have spoken against him in recent weeks, Bankman-Fried has decided to make his case directly to the jury. Defense

In the past week, Solana has undeniably seen some of the most significant gains, with its price escalating by nearly 33% in recent times. This progress happens as the worldwide cryptocurrency market cap predominantly stayed in the green at the weekend's onset. Another significant player was Chainlink, which reached a three-week apex. Solana's (SOL) Progress

Renowned 'Rich Dad Poor Dad' author, Robert Kiyosaki, anticipates a significant rise in Bitcoin's value, reaching up to $135,000. Additionally, he predicts a substantial increase in the price of gold, potentially reaching $3,700 soon. Conversely, he has expressed concerns about the future of U.S. dollar savers, referring to the currency as "counterfeit money." Kiyosaki's Forecasts