In a recent interview with Forbes Clem Chambers, CEO of investment website ADVFN.com, said that the last time he checked, there were about 350 available crypto exchanges, but that these exchanges were dying off. CoinExchage.io. is the most recent casualty amongst exchanges. The fallen exchange announced that it was economically impossible for it to continue […]
The week started on a quiet note as market influencing figures are quite limited. For most of the currencies, there are no substantial figures to provide direction. Key influencers for the day will be PMI figures for the private sector out of the U.S, as there was a reported increase this month of November. Investors […]
In the past four years, the Swiss national bank has maintained a monetary policy of negative interest rate. With a deposit rate standing at a negative of 0.75% and the interest rate on cash at Zero percent, a top official of the apex bank has made it known in a recent newspaper interview that there […]
The apex bank of the US is evaluating potential risks as well as the advantages of creating a central bank digital currency. As reported by a financial correspondent on the 20th of November, Fed Chairman, Jerome Powell, has responded to a previous letter addressed to the Fed Chair by US Reps French Hill and Bill […]
There have been so many speculations about the ongoing trade talks between the United States and China. The worries heightened when the US passed a bill to support human rights in Hong Kong while also passing a second bill to stop the export of certain ammunitions to the Hong Kong police. This move didn’t go […]
Previously in the news, it was recalled that US-China top officials had a video conferencing call in which observers termed as a constructive one. Many saw this as a dim light in a tunnel although the final say depended on president trump. Investors entered the week been hopeful even though US threat on slapping more […]
A financial regulatory agency in Spain has published a warning call to the public to avoid an Ethereum-based token known as AlyCoin. According to a news release published on the 18th of November, the Comisión Nacional del Mercado de Valores cautioned the public to steer clear of AlyCoin as the digital currency is not registered […]
In the news this week is the report filtering in about the progress made in US-China trade talks over the weekend. Reports indicate a video conferencing between top US trade officials and a Chinese top government official over the weekend. Though the details of the conference call are yet to be finalized, this has sparked […]
Lagos-based FinTech firm Opay has successfully obtained a $120 million Series B investment round from several prominent Chinese investors. The firm was created in 2018 by web browser developer Opera and has already secured another fundraising of $50 million sometime in June this year. Opay is focused on creating digital payment remedies to boost monetary […]
