During a speech at the Maryland Bankers Association in Baltimore, Thomas Barkin, President of the Federal Reserve Bank of Richmond, warned that the threat of rising inflation in 2025 may be more significant than many investors realize. As reported by Reuters, Barkin pointed out that the...
Bitcoin is concluding 2024 with a nearly 5% decline in December, despite significant purchases by MicroStrategy, which recently acquired $209 million in Bitcoin, raising its total holdings to about 446,400 BTC valued at nearly $42 billion. While Bitcoin has dropped around 15% since mid-December, his...
What is the XRP Ledger and How Does It Work? The XRP Ledger, or XRPL, is a decentralized, scalable, and open-layer blockchain that anyone can develop on and trade within. The development of this network began in 2011 by three Bitcoin developers who were aware of Bitcoin’s advantag...
Bitcoin is the first digital currency built on blockchain technology and is recognized as a decentralized digital currency based on cryptography. Unlike government-issued currencies or fiat currencies like the US dollar or euro, which are controlled by central banks, Bitcoin can operate without the ...
Ripple USD (RLUSD), issued by Standard Custody & Trust Company, LLC, a wholly owned subsidiary of Ripple Labs, has announced that the RLUSD stablecoin is pegged one-to-one to the US dollar. It will be available on the Ripple and Ethereum networks starting December 17 (Azar 27). Each...
New Central Bank Decision: Increase in Travel Dollar Rate The Central Bank, headed by Farzin, has recently announced a change in currency policies. In Esfand (the last month of the Iranian calendar year), the Central Bank increased the travel currency quota for air travelers to 1,000 euros, an...