Last week, a big increase in money going into crypto Exchange-Traded Products (ETPs) happened. CoinShares, an asset management firm, reported $326 million in new investments. This beat the prior week’s $66 million. Many think this rise is due to growing investor confidence. They expect the U.S. SEC, a government agency, to soon okay a Bitcoin […]
Related Posts
Brazilian Congress passes important tax laws, boosting the economy
Brazil’s Lower House of Congress has greenlit legislation to strengthen the country’s public finances and alleviate market concerns about President Luiz Inácio Lula da Silva’s spending plans. The bill was favored with 379 votes to 64 and now heads to President Lula for official endorsement. With this legislative nod, Lula’s administration can adapt its 2024 […]

Bolivian state bank starts transactions in yuan and discusses hosting Chinese bank
Banco Unión, Bolivia’s state-owned bank, has started transacting in Chinese yuan, according to Bolivia’s Minister of Economy, Marcelo Montenegro. In addition, the government is discussing the potential implementation of a Chinese bank within the country. Due to an ongoing dollar shortage in Bolivia, the government is exploring other currencies, such as the yuan, for financial […]
Ibovespa Climbs with Support from Vale, Caps Off Upbeat Week
The Ibovespa index notched gains, ending Friday up by 0.72% at 128,725.88, despite a rise in future interest rates shadowing global Treasury movements. Boosted by Vale and Braskem, the index outperformed amidst Wall Street’s dip, triggered by fresh U.S. inflation data exceeding forecasts. In January, the U.S. Labor Department reported a 0.3% increase in the […]