Finance

Report: Bank of Spain Worried About Inflation and Its Consequences in Latam

Coins Legend July 18, 2022 0

The Bank of Spain has issued a new report about the performance of Latam economies during the first six months of the year. The document states that the current inflationary development that several countries of the region have can lead to institutional instability, even as the region is still

Finance

IMF: Global Economic Outlook Has ‘Darkened Significantly’ — Global Recession Cannot Be Ruled Out

Coins Legend July 8, 2022 0

The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.” IMF Says Global Economic Outlook ‘Has Darkened Significantly’ Kristalina Georgieva, the managing director of the International Monetary Fund (IMF),

Finance

India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit

Coins Legend July 6, 2022 0

In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points to 12.5%. However, there are fears the import duty hike will spur a resurgence in the smuggling of the commodity. India’s Worsening Trade Deficit Faced […]

Finance

Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty

Coins Legend July 6, 2022 0

Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating the turmoil that prompted the price of stablecoins in the country to rise by […]

Finance

Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent

Coins Legend July 5, 2022 0

The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and analysts believe that the risk of “parity is just a matter of time now.” […]

Finance

Coinbase Responds to Reports of Selling Customer ‘Geo Tracking’ Data to US Government

Coins Legend July 3, 2022 0

The Nasdaq-listed cryptocurrency exchange Coinbase has insisted that it does not sell “proprietary customer data” after reports surfaced that its Tracer product is providing “historical geo tracking data” to the U.S. Immigrations and Customs Enforcement (ICE). Coinbase Responds to Reports of It Selling Customer Data to U.S. Government Cryptocurrency exchange Coinbase came

Finance

Vladimir Putin Says West’s Attempt to ‘Crush the Russian Economy’ Did Not Succeed

Coins Legend July 1, 2022 0

Last week the Russian ruble hit a seven-year high against the U.S. dollar and while analysts have downplayed the rise, one economist said people should not “ignore the exchange rate.” American economists have been perplexed about the ruble’s market performance and Russian officials have been quoted as saying that a strong ruble “makes Russian exports […]

Finance

Financial Companies Report First Deal With Digital Assets Under Russian Law

Coins Legend July 1, 2022 0

Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition. Russian Companies Conduct Issue and Placement of Digital Financial Assets VTB Factoring, a subsidiary of Russian majority state-owned

Finance

Grayscale Files Lawsuit Against SEC Over Spot Bitcoin ETF Rejection

Coins Legend June 30, 2022 0

Grayscale Investments, the world’s largest digital currency asset manager, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) challenging the securities regulator’s decision to reject its application to convert the Grayscale Bitcoin Trust to a spot bitcoin exchange-traded fund (ETF). Grayscale Takes SEC to Court Over Spot Bitcoin ETF Application

Finance

Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves

Coins Legend June 29, 2022 0

Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank, will become a custodian for the company’s stablecoin reserves. Circle Partners With New York Community Bancorp On Tuesday, Circle announced that it is collaborating