Currencies

In an annual letter to investors, BlackRock CEO Larry Fink warned that digital assets could offset America's economic advantage. Fink claims that the US Dollar risks losing its world reserve currency status to digital assets like Bitcoin. CoinShares' weekly report notes that crypto ETFs saw inflows of $225 million last week. BlackRock CEO Larry Fink stated in an annual letter to investors on Monday that the US national debt could cause the Dollar's global reserve status to be replaced with Bitcoin if investors begin to see the digital currency as...

Crypto is God damn everywhere now. From online shopping to gaming on 777 fun, people use digital currencies like Bitcoin, Ethereum, and stablecoins like USDT/USDC to buy stuff and even invest. But as crypto keeps growing, the battles over how to regulate it have become more and more intense. Governments, businesses, and everyday crypto users are all caught in the middle. Let’s dive into what’s causing these regulatory battles, why governments care, how different countries handle crypto, and how all this might affect the crypto world in 2025 and beyond....

getty It’s the ultimate widow-maker trade: dumping the U.S. dollar on fears its reserve-currency status is ending. Count the times speculators lived to regret shorting what’s still the center of the financial universe in the last 30 years. During the 1997-1998 Asian and Russian financial crises, investors wondered if overly aggressive Federal Reserve tightening might trigger a collective move away from the dollar. Anger over the U.S. invasion of Iraq in the early 2000s seemed to imperil the dollar’s role in finance and trade. At the time, economist Joseph Quinlan,...

BENGALURU - Asian share markets tumbled on March 31 as traders moved away from risk assets in trade-reliant emerging economies, after US President Donald Trump said the reciprocal tariffs to be announced this week would essentially affect all countries. Mr Trump’s comments sent global markets into turmoil, fuelling concerns that tariffs would severely impact the US economy and cloud the global growth outlook, raising the risks of a recession. Most equities in emerging Asian markets slumped to multi-month lows on the final trading day of the quarter, although major markets...

Bitcoin (BTC) continues its decline, trading below $82,000 on Monday after falling 4.29% the previous week. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and declined by 9.88% and 12.40%, respectively.  Ripple's XRP is down 7% on Friday following bearish pressure from macroeconomic factors, including United States (US) President Donald Trump's tariff threats and rising US inflation. The downside pressure could accelerate if XRP's on-chain activity fails to pick up amid its rising supply. Avalanche (AVAX) has been under selling pressure in recent days, falling to the $20 support level on Friday,...

March 31 (Reuters) - The following table shows rates for Asian currencies against the U.S. dollar, as of 0202 GMT. Currency Latest bid Previous day Pct Move Japan yen 149.160 149.81 +0.44 Sing dlr 1.340 1.3424 +0.16 Taiwan dlr 33.206 33.097 -0.33 Korean won 1469.500 1469.9 +0.03 Baht 33.868 33.93 +0.17 Peso 57.275 57.36 +0.15 Yuan 7.255 7.263 +0.11 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 149.160 157.180 +5.38 Sing dlr 1.340 1.3652 +1.87 Taiwan dlr 33.206 32.781 -1.28 Korean won 1469.500 1472.300...

BRASILIA: Most Latin American currencies and stocks were set for weekly losses on Friday, as risk-sentiment remained weak after US President Donald Trump’s latest volley of tariffs, while markets also assessed an inflation reading out of the United States. Mexico’s peso hit its lowest level in over three weeks, with Friday’s decline of 0.5% setting the peso for its fourth straight day of declines. Brazil’s real weakened 0.4%, on pace for its first weekly decline in four. Investors in Latin America’s biggest economy would also be watching official data which...

The shock waves that President Donald Trump has sent to American allies and trading partners have also raised questions about U.S. assets, including the dollar. While the greenback isn’t expected to lose its status as the world’s dominant currency anytime soon, fresh doubts are creeping in as the world weighs how reliable the U.S. will be in future. The world is having trust issues with America, and they could spill over to financial markets, including the almighty dollar. For now, the dollar remains the dominant currency in global reserves and...

Bureau De Change (BDC) operators have revealed that despite the naira’s gains at the foreign exchange market during the week, the local currency is still suffering from a loss of confidence.The licensed currency traders said that although it is usually a good development to see the naira gaining strength against other foreign currencies, it however, noted that the local currency is overburdened by devaluation at the official market and depreciation at the open market.This was made known by the President of the Association of Bureau De Change Operators of Nigeria...

Fake Notes in Delhi's Sarojini Market? (Representative Image)Photo : iStockLocated in southwest Delhi, Sarojini market is a popular market for shopping clothes, home decor items and eating outlets. Recently, the Delhi Police received a tip-off that there had been a circulation of fake currency with the market’s premises. This prompted the officials to launch an investigation into the matter. Following which, two women were arrested with fake notes, the police said on Saturday. The police said they also seized 33 Fake Indian Currency Notes (FICN) of Rs 100 denomination from...