El Salvador President under fire over $18M loss after Bitcoin tumbles to $23k Samuel Wan · 18 hours ago · 2 min read El Salvador› Bitcoin › Politics Critics take aim at President Bukele as Bitcoin extends losses to sink under $23,000 for the first time since December 2020. 2 min read Updated: June 14, …
El Salvador President under fire over $18M loss after Bitcoin tumbles to $23k Read More »
Greenwich, Connecticut, 14th June, 2022, Chainwire Spritz Finance, a Web3 personal finance platform for decentralized finance (DeFi) users to easily pay their bills with crypto, announced today that the company’s closed beta for its bill pay product is now available to all Polygon Network users, beginning in the United States. Polygon’s ecosystem creates opportunities for …
Spritz Finance bill pay beta launches on Polygon Network Read More »
USD/HKD is now trading near 7.85 as US yields rise. Economists at Credit Suisse do not expect any change to the USD/HKD trading band of 7.75-7.85. No reason to be concerned about the sustainability of the peg “USD/HKD has traded near the 7.85 band limit since early May, and we expect this to continue as …
Analysts at Credit Suisse stay bearish on the Czech koruna and stick to a target of 25.50 in EUR/CZK. Stay bearish on CZK “We stay bearish on the Czech koruna given our view that investor nervousness around the monetary policy outlook is going to intensify once a new governor – Ales Michl – steps in …
EUR/CZK to target 25.50 as Czech Republic faces policy challenges – Credit Suisse Read More »
Economists at Credit Suisse see the risks for the Swiss National Bank’s (SNB) meeting skewed in a hawkish direction and revise tehir EUR/CHF target lower from 1.01 to 0.99. Rate hike by the SNB on the cards “We see the risk that the central bank will alter its language regarding the franc’s value and shift …
EUR/CHF set to move downward to 0.99 – Credit Suisse Read More »
USD/CAD retreats from monthly top, flirts with short-term support line of late. Overbought RSI, impending bear cross on MACD teases sellers. Weekly ascending trend line, horizontal support from early May restricts immediate moves. Buyers have a bumpy road to the yearly top marked in May. USD/CAD fades upside momentum at the monthly high, retreating to …
USD/CAD Price Analysis: Sellers attack weekly support around 1.2950 Read More »
USD/JPY broke below 135.00 on Wednesday. Still, economists at Credit Suisse now leave room for USD/JPY to rise to as high as 142.00 this month, in case the Bank of Japan maintains rigid adherence to YCC at its Friday meeting. Risk reversal skews are becoming bid for JPY calls “It’s very understandable why risk reversal …
USD/JPY could climb as high as 142.00 this month – Credit Suisse Read More »
The Finance Minister of El Salvador downplayed the impact a significant drop in bitcoin’s price could have on the Central American nation’s finances. “When they tell me that the fiscal risk for El Salvador because of bitcoin is really high, the only thing I can do is smile,” said Finance Minister Alejandro Zelaya. “The fiscal risk is …
Fiscal Risk of Bitcoin Crash ‘Extremely Minimal’ Says El Salvador Finance Minister Read More »
Alejandro Zelaya. Source: a video screenshot, Ministerio de Hacienda / YouTube El Salvador’s Minister of Finance Alejandro Zelaya says he is “laughing off” international media reports that claim the nation’s bitcoin (BTC) adoption plans could scupper the economy and that they have left a USD 40 million hole in national finances. The minister was speaking …
El Salvador’s Finance Minister ‘Laughs off’ Claims of USD 40M Bitcoin ‘Losses’ Read More »
Source: AdobeStock / Mat Hayward The troubled crypto lending and borrowing company Celsius (CEL), which on Monday halted withdrawals due to “extreme market conditions,” is adding more collateral for a loan on the MakerDAO (MKR) decentralized finance (DeFi) protocol to avoid liquidation. At the same time, the company is facing a growing problem with ETH …
Celsius Tops Up More Collateral to Avoid Loan Liquidation, Faces ETH Squeeze Read More »