Online brokerage platform Robinhood Markets Inc announced on Tuesday the listing of the second-largest stablecoin by market capitalization, USD Coin, on its platform. Robinhood also began listing Cardano's native cryptocurrency on Sept. 1. Totaling 17 cryptocurrencies, Robinhood supports investments in Bitcoin , Ethereum , Litecoin, Cardano, Dogecoin , USDC and Solana.
Apple, Inc. plans to hike the prices of apps and in-app purchases on the App Store in Asian and European countries as early as next month, a communication by the company to developers showed. What Happened: Cupertino said the increase applies to Chile, Egypt, Japan, Malaysia, Pakistan, Poland, South Korea, Sweden, Vietnam and all the territories that use the euro.
With Russian President Vladimir Putin anticipated to meet his Chinese counterpart Xi Jinping at a regional summit this week, closer financial cooperation may be on the cards, including the possibility of Russia issuing yuan-denominated government bonds, reported Nikkei Asia.
The death of Queen Elizabeth II on Sept. 8 beaconed a new era for the UK, coming on the heels of Elizabeth Truss taking office as prime minister and heralding the proclamation of King Charles as the new monarch. These changes could be overwhelming for a country that has known only one monarch for 70 years.
US dollar bulls have seemingly halted their ascension as they wait for the US inflation data that is due this Tuesday. The market is predicting that August's headline CPI may edge lower by 0.1%, further strengthening the case that US inflation has peaked.
Japanese and South Korean consumers will have to shell out relatively more for the latest iPhones this year compared to last year's model as currencies of both these countries have depreciated significantly against the dollar. What Happened: The iPhone 14, which will be available in Japan beginning September 16, is priced at 119,800 yen according to the Apple website.
The boom in the USD value against the JPY started in March, with the price moving above the highest point of last year. The USD price is now trading at levels not seen since 1998. 5% of this 25% bull run has occurred since my last post in July. Below I have the monthly timeframe. Many investors go wrong trying to find meaning behind the climb in the price instead of prioritising making a profit.
The Japanese yen has breached the crucial 144-mark against the greenback in Asia trading on Wednesday as the dollar continued its rally ahead of the release of the U.S. Federal Reserve's "Summary of Commentary on Current Economic Conditions," popularly known as its Beige Book.
The largest cryptocurrency exchange in the world, Binance, announced Monday that it would delist USD Coin, the stablecoin pegged to the United States dollar, in favor of its native Binance USD stablecoin beginning Sept. 29.
By RoboForex Analytical Department. The British pound against the US dollar is devaluating too fast. On the one hand, the pound is really vulnerable to the USD. The political imbalance that might increase if Liz Truss is elected, noticeably scares pound fans. GBP/USD quotes are already testing their long-time lows of 2016 and 2020.
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