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The Pan-African Payment and Settlement System has officially launched a currency marketplace aimed at reducing reliance on the U.S. dollar for intra-African trade. No Hard Currency Involved The Pan-African Payment and Settlement System (PAPSS) has launched the African Currency Marketplace, a major step toward reducing reliance on the U.S. dollar for intra-African trade settlements. This … Read more
The government of Argentina has finalized a deal with the IMF for a 48-month credit facility worth $20 billion to support the ongoing macroeconomic stabilization of the nation’s economy. President Javier Milei also announced the end of long-standing currency controls. Argentina Gets $20 Billion Credit From IMF, Lifts Currency Controls The government of Argentina has … Read more
Brazil backs BRICS’ push to trade in national currencies, urging reduced U.S. dollar reliance despite business preference for its liquidity and dominance in private transactions. BRICS Accelerates Local Currency Trade as Brazil Declares Full Support for Shift Brazil’s Finance Ministry has reaffirmed its dedication to expanding the use of national currencies in trade between BRICS … Read more
The Central Bank of Nigeria (CBN) has dismissed as fake news a report stating it issued ₦5,000 and ₦10,000 banknotes to enhance cash transactions. The CBN said the report, circulating on social media and claiming the new banknotes would become legal tender on May 1, 2025, did not originate from its official website. The report, … Read more
The Central Bank of Nigeria has raised concerns over illegal currency dealers charging premiums of 20–40% on naira banknotes. Threat to Naira Credibility The Nigerian central bank has raised alarms over the growing practice in which illegal currency dealers charge a premium on local currency banknotes. According to Olayemi Cardoso, the governor of the Central … Read more
For a long time, the cryptocurrency market has been a place for large institutional players and high-risk traders to roam. These traders seek to route the market and take it in whichever direction ensures they get a payoff. One such trader has recently turned some heads by making very large, very leveraged bets in the … Read more
Arbitrum, one of the leading Layer 2 (L2) solutions for Ethereum, is growing rapidly. The solution appears on the verge of becoming a dominant force in decentralized finance (DeFi), blockchain applications, and the Arbitrum economy overall. At present, it has achieved some significant metrics. Its transaction volume is up substantially. Not just that, the total … Read more
A fierce struggle among the largest stablecoins transpired in February 2025, with some achieving tremendous growth and others suffering devastating outflows. The contest proved to be beneficial for USDS and PayPal’s PYUSD, with both recording large inflows. In a different development, DAI—the decentralized stablecoin—saw its market cap shrink steadily throughout the month after suffering a … Read more
In the most recent update on the stablecoin market, Circle has made considerable modifications to its USDC issuance and redemption process. At the same time, Tether appears to be cementing its dominance—especially on the TRON network. For the past week, Circle issued around $3.7 billion in USDC, while redeeming about $4.3 billion of the same. … Read more
Crypto bearish sentiments are getting stronger weekly due to notable volume outflows, although there’s still hope for the bulls if the trend reverses above $0.4. Hbar finds a temporal support. Hbar’s trend is still under the bears’ radar on the daily chart as it keeps seeing a back-to-back drop in the past few weeks. There’s … Read more
