Bank of Japan’s Kuroda Shocks Markets by Raising the Benchmark Rate to 0.5% From 0.25%

Bank of Japan's Kuroda Shocks Markets by Raising the Benchmark Rate to 0.5% From 0.25%The Japanese yen is up 3.42% against the U.S. dollar on Tuesday as the Bank of Japan surprised the world by deciding to allow the benchmark interest rate to rise to 0.5% from 0.25%. The Japanese central bank was one of the only banks worldwide to hold off on raising benchmark interest rates, as policymakers […]

Go to Source

Powered by WPeMatico

Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low

Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to a 24-Year LowWhile the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank of Japan conducted the first forex intervention in 24 years, after the Japanese central bank kept its benchmark bank rate suppressed […]

Go to Source

Powered by WPeMatico

Trend Forecaster Gerald Celente Says World War 3 Has Begun — ‘If the People Don’t Unite for Peace, We Are Finished’

Trend Forecaster Gerald Celente Says World War 3 Has Begun — ‘If the People Don’t Unite for Peace, We Are Finished’This week Bitcoin.com News spoke with Gerald Celente, the popular trends forecaster, and publisher of the Trends Journal. During a telephone conversation, Celente discussed the uncertainty surrounding the global economy after governments worldwide locked down the world’s citizens over the Covid-19 pandemic, shut down businesses and injected trillions into the economy. The discussion touches upon […]

Go to Source

Powered by WPeMatico

The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increases

The US Dollar's Share of Global Reserve Currencies Drops as Japanese Yen's Share IncreasesThe U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in reserves continues to decline. International Monetary Fund (IMF) data shows, the dollar’s share of reserves dropped from 66% in Q3 of 2014 to just above 60% in Q3 of 2020. This means […]

The post The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increases appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Google Singles out Bitcoin With New Keyboard Currency Symbol

In what some view as a landmark move, Google developers have added the bitcoin currency symbol to the iOS keyboard. Vitalik Buterin’s public request to add an ethereum symbol, however, was met with an unceremonious blow-off. The move, by a company so successful it’s evolved its domain name into a verb, reflects Bitcoin’s mainstream trajectory. Also read: […]

The post Google Singles out Bitcoin With New Keyboard Currency Symbol appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Markets Update: Cryptocurrency Bulls Continue to Charge

Markets Update: Cryptocurrency Bulls Continue to ChargeOver the past few days, cryptocurrency markets have been showing bullish gains after a few small retractions during the weekend. At the moment the entire digital asset economy is valued at $285Bn while $14.3Bn worth of trades were swapped over the past 24-hours. Today on July 23 bitcoin core (BTC) markets are holding an average […]

The post Markets Update: Cryptocurrency Bulls Continue to Charge appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Markets Update: Bitcoin Bulls Charge Forward

Markets Update: Bitcoin Bulls Charge ForwardCryptocurrencies are seeing some good gains over the past two days after market capitalizations lost billions last weekend. Over the last six days, the entire digital asset economy has seen an increase of around $15Bn and now averages around $268Bn on Monday, July 16. Digital currency proponents are hopeful the past six months of bearish […]

The post Markets Update: Bitcoin Bulls Charge Forward appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Markets Update: Cryptocurrency Prices Rebound During the First Week of July

Markets Update: Cryptocurrency Prices Rebound During the First Week of JulyCryptocurrency markets are doing better this week since our last markets update as the entire digital asset economy is now valued at around $270.4Bn. Most digital currencies are up between 7-25 percent over the last seven days and trade volumes have picked up over the last week as well. The trend reversal has given enthusiasts […]

The post Markets Update: Cryptocurrency Prices Rebound During the First Week of July appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico