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On Monday, the U.S. dollar saw a minor decrease, continuing its recent slump amid global currency weaknesses. This week, investors are keenly observing crucial events, including Tuesday’s Ptax formation and the Federal Reserve’s monetary policy announcement on Wednesday. The Central Bank engaged in the market, auctioning up to 12,000 traditional foreign exchange swap contracts to […]
Chinese Bitcoin Miners Turn to Ethiopia After Beijing Ban
Following Beijing’s crackdown two years ago, Chinese Bitcoin miners have sought new grounds with affordable energy and favorable regulations. Ethiopia now serves as their chosen spot, Bloomberg reports. Ethiopia welcomed Bitcoin mining in 2022, offering some of the world’s lowest electricity costs. Yet, it bans cryptocurrency trading and has faced recent political instability. The bond […]
Ethereum ETFs Unleashed: A New Era for Crypto Investments
The U.S. Securities and Exchange Commission (SEC) recently green-lit Ethereum-based Exchange-Traded Funds (ETFs). This approval ushers cryptocurrencies further into mainstream finance, following the acceptance of Bitcoin spot ETFs. These Ethereum ETFs, embraced by top asset managers like VanEck, BlackRock, and Fidelity, promise to enhance stability and accessibility for Ethereum investments. They align with stringent Exchange […]