Category: forex
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De-Fi could solve Africa’s foreign exchange problems, neo-bank CEO says
The CEO and co-founder of neo-bank Canza Finance claims that utilizing Baki for FX trades in Africa creates a hub for African businesses to participate in intra-African and FX trades at reduced cost.
Here’s what Nigeria’s naira float means for its crypto market
This reduces the likelihood of artificial price differences between the naira and cryptocurrencies in different markets.
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T. Rowe Price, WisdomTree join Avalanche subnet for forex testing
If initial tests are successful, the firms will expand their activities into tokenized credit issuance and equities.
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French regulator AMF blacklists only two crypto websites in the whole year
The AMF and ACPR have blacklisted only two crypto-related websites amid the bear market of 2022 versus 24 such websites last year.
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DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market
The prolonged market volatility has not stopped investors from backing a new protocol which merges DeFi and the foreign exchange market.
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Singapore bank DBS uses DeFi to trade FX and state securities
Major Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore.
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New York-based forex broker Oanda launches crypto trading services in the US
The broker’s partnership with Paxos will enable U.S.-based investors to spot-trade cryptocurrencies on Paxos’ itBit exchange through Oanda’s mobile platform.
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British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike
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Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low
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