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Robert Kiyosaki calls Bitcoin a ‘buying opportunity’ as US dollar surges

Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad has called Bitcoin, silver and gold a “buying opportunity” amid the strengthening United States dollar and continued interest rate hikes.  In an Oct. 2 Twitter post to his 2.1 million followers, the author noted the prices of the three commodities — sometimes referred to as “safe haven” assets — would continue getting lower as the U.S. dollar strengthens, proving its worth once the “FED pivots” and drops interest rates. BUYING OPPORTUNITY: if FED continues raising interest rates US $ will get stronger causing gold, silver & Bitcoin prices to go lower. BUY more. When FED pivots and drops interest rates as England just did you will smile while others cry. Take care — therealkiyosaki (@theRealKiyosa...

USD stablecoin premiums surge in Argentina following economy minister’s resignation

Argentina, a country with one of the highest crypto adoption rates in the world, saw the price of dollar-pegged stablecoins surge across exchanges on Saturday after the abrupt resignation of its Economy Minister, Martin Guzman.  The minister’s shock exit, confirmed on his Twitter account on July 3 via a seven-page letter, threatens to further destabilize a struggling economy battling high inflation and a depreciating national currency. According to data from Criptoya, the cost of buying Tether (USDT) using Argentinian pesos (ARS) is currently 271.4 ARS through the Binance exchange, which is around a 12% premium from before the resignation announcement, and a 116.25% premium compared to the current fiat exchange rate of USD/ARS. The local crypto price tracking website has also revealed...

Bank of America says stablecoin adoption and CBDC is ‘inevitable’

It appears that the U.S. will finally be moving forward to create its own central bank digital currency (CBDC) according to the Bank of America. Bank of America crypto strategists Andrew Moss and Alkesh Shah wrote in a Jan. 24 note that CBDCs “are an inevitable evolution of today’s electronic currencies,” according to a Bloomberg report. The analysts wrote: “We expect stablecoin adoption and use for payments to increase significantly over the next several years as financial institutions explore digital asset custody and trading solutions and as payments companies incorporate blockchain technology into their platforms.” Meanwhile, a Jan. 20 report titled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation” from the Federal Reserve Bank (FRB) weighed up the benefits and...

EU releases last tranche of $14.5 million to assist Nigeria rollout coronavirus vaccine

The European Union has said $14. 5 million out of the €50 million promised to the Federal Government to assist in the roll out of COVID-19 vaccine would be released this week. The Head of the EU Delegation to Nigeria, Ambassador Ketil Karlsen, who addressed newsmen yesterday in Abuja, revealed that already €9 million grant had been released to boost the prevention and response to Coronavirus in Nigeria. “The EU is taking the lead in supporting partner countries, including Nigeria, to tackle the tackle the COVID-19 pandemic by combining resources from the EU, its member states and European financial institutions, under the ‘Team Europe’ initiative. “At the onset of the pandemic in Nigeria, the EU rapidly mobilised €50 million grant in humanitarian aid was given to Nigeria to boost preventio...