Currencies

Dr. Ozan Ozerk is the founder of OpenPayd. He is a serial entrepreneur with a vested interest in several digital ventures. getty For years, we’ve heard about how blockchain will revolutionize institutional finance, with all eyes focused on the potential of central bank digital currencies. The Atlantic Council think tank says that 130 countries, representing over 98% of global GDP, are exploring a CBDC. China has already piloted the digital yuan (e-CNY), Sweden piloted the e-krona, Nigeria has launched the eNaira and the Bahamas the Sand Dollar. Other countries have...

Bitcoin (BTC) price hovers around $84,500 on Friday after recovering nearly 3% so far this week. Ethereum (ETH) and Ripple (XRP) find support around their key levels, suggesting a recovery on their cards.  Ripple's XRP trades near $2.43 on Thursday after seeing a rejection at the $2.60 resistance. The remittance-based token has seen a 400% growth in network activity since the beginning of March. The growth may continue, considering the Securities and Exchange Commission (SEC) recently dropped its appeal against Ripple. Bitcoin price hit a new 10-day peak of $85,900 on Thursday, March...

Gold prices fell in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 8,409.45 Indian Rupees (INR) per gram, down compared with the INR 8,447.88 it cost on Thursday. The price for Gold decreased to INR 98,085.98 per tola from INR 98,534.41 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,409.45 10 Grams 84,093.86 Tola 98,085.98 Troy Ounce 261,563.30   Daily Digest Market Movers: Gold price is pressured by modest USD strength; downside potential seems limited The US Dollar...

USD/JPY gains to near 149.00 as the US Dollar strengthens after the dust settles from the Fed’s monetary policy. The Fed sees an “unusually elevated” US economic uncertainty due to new economic policies by President Trump. The BoJ and the Fed left interest rates steady on Wednesday. The USD/JPY pair moves higher to near 149.00 in North American trading hours on Thursday. The pair gains as the US Dollar (USD) rallies sharply in the aftermath of the Federal Reserve’s (Fed) monetary policy outcome. The US Dollar Index (DXY), which tracks the...

ARTICLE CONTINUES BELOW VIDEOhttps://www.youtube.com/watch?v=Iq1yfTbrWyw Splashdown after nine months: Sunita Williams, Butch Wilmore are back Syllabus: Preliminary Examination: Current events of national and international importance. Main Examination: General Studies III: Awareness in the fields of Space Story continues below this ad What’s the ongoing story: NASA astronauts Butch Wilmore and Sunita Williams returned to Earth on Tuesday (March 18) after a nine-month-long stay at the International Space Station (ISS). The SpaceX Dragon capsule sent to bring them back to Earth splashed down off the Florida coast, also carrying NASA astronaut Nick Hague and Russian...

Cryptocurrencies present a paradox in the global financial system. While they offer efficiency, decentralization, and financial inclusion, they also pose significant challenges to tax compliance and anti-money laundering efforts. The anonymity, lack of centralized oversight, and jurisdictional inconsistencies create loopholes that bad actors exploit to evade taxes and launder money.However, global regulatory bodies are adapting through measures like AML directives, KYC mandates, and blockchain forensic tools. Technologies such as AI-powered compliance monitoring, CBDCs, and decentralized identity verification are promising solutions for bridging enforcement gaps.Nonetheless, challenges persist, particularly with DeFi platforms,...

UPSC Essentials brings to you its initiative of subject-wise quizzes. These quizzes are designed to help you revise some of the most important topics from the static part of the syllabus. Attempt today’s subject quiz on Economy to check your progress.🚨 Click Here to read the UPSC Essentials magazine for March 2025. Share your views and suggestions in the comment box or at manas.srivastava@indianexpress.com🚨 QUESTION 1 What is the correct order of these items in terms of value (High to Low) of India’s goods exports to New Zealand: 1. Clothing and textile 2. Refined petroleum 3. Medicines and medical...

EUR/USD stays under bearish pressure after snapping a three-day winning streak on Wednesday. The pair could push lower if 1.0830 support fails. The Federal Reserve left the policy rate unchanged at 4.25%-4.5% as expected. EUR/USD struggles to find a foothold and declines toward 1.0850 in the European session on Thursday, after snapping a three-day winning streak on Wednesday. The pair's technical outlook points to a bearish tilt in the near term. Euro PRICE Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro...

Ethereum (ETH) traded above $2,020 on Wednesday following an announcement from the Ethereum Foundation (EF) that it will discontinue the Holesky testnet on September 30. Solana price surged 12% on Wednesday, hitting $136 as traders positioned for the futures ETF launch, and rising spot ETF approval odds. Deritvatives trading signals suggest the SOL price rally could advance further. Crypto derivatives exchange Bitnomial announced on Wednesday the launch of its new Commodities Futures Trading Commission (CFTC)-regulated XRP futures products. The announcement follows the company dropping its lawsuit against the Securities and Exchange Commission...

A weak currency is one that has a low or declining value compared to other global currencies.When a currency weakens, it can significantly impact a country’s economy, leading to higher import costs, reduced purchasing power, and financial instability for businesses and citizens alike.ALSO READ: See the 5 most 'useless' countries in the WorldThis weakness can result from various factors, including economic mismanagement, soaring inflation, political instability, trade imbalances, and external economic shocks such as global recessions or sanctions.In 2025, these are the 10 weakest currencies in the world:1. Lebanese PoundLebanon...