Currencies

Hsin-Yi LoBBC News, South EastThe Lewes PoundLewes Pounds feature an image of the political writer and philosopher Thomas Paine, who lived in the townOne of the UK's best-known local currencies has announced it will be ending.The Lewes Pound was launched in 2008 by Transition Town Lewes to celebrate the East Sussex town and support its independent businesses.It is essentially a voucher that people can purchase at selected shops in the town, with one Lewes Pound being worth the same as one British pound.Susan Murray, a director of the Lewes Pound,...

Pepe (PEPE) memecoin approaches its descending trendline, trading around $0.000007 on Tuesday; a breakout indicates a bullish move ahead. Moreover, PEPE's long-to-short ratio supports a bullish thesis as bullish bets among the traders reach the highest over a month, aiming for double-digit gains on the horizon. Tron price defied the broader crypto market downtrend, surging 3% to $0.25 on Monday. This bullish momentum comes as stablecoin issuer Tether minted another $1 billion worth of USDT on the Tron network, according to on-chain data from Arkham. Meanwhile, market sentiment is shifting as the...

This content was published on April 1, 2025 - 06:01 (Bloomberg) — Asian shares snapped a multi-day losing streak amid increased volatility ahead of President Donald Trump’s tariff rollout plan. A regional gauge gained as much as 1.1% with stocks in Taiwan and South Korea rising the most. US equity-index futures slipped after the S&P 500 staged a late rally, showing markets remain under pressure. Gold hit a record high on demand for haven assets while the dollar strengthened marginally against most of the Group-of-10 currencies.  Traders got further details on...

BUENOS AIRES, April 1. /TASS/. Brazilian authorities support expansion of the use of national currencies in trade among BRICS countries and are ready to explore any opportunities of increasing their share in mutual payments, Secretary of the Finance Ministry Tatiana Rosito said. "The trade in local currencies is already underway, for example, between Brazil and China," she said in an interview with the BRICS Brasil 2025 web portal. "No obstacles exist to that on the side of Brazil," the official said. The desire of businessmen to use the US dollar...

THE 1932 foreign trade figures of the leading commercial countries afford an opportunity for speculation with regard to the effects of currency instability upon imports and exports. The trade of three countries with stable currencies -- France, Germany and the United States -- may be compared with that of two countries with depreciated currencies -- Great Britain and Canada. In theory, currency depreciation tends to stimulate exports and to check imports. Investigation shows that the exports of all the countries mentioned were less in 1932 than in 1931, but that...

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,...