Washington: Jerome Powell, Chair of the US Federal Reserve, claimed ‘Use of cryptocurrency is rapidly increasing globally. The Federal Reserve is evaluating whether there can be an improvement in the transactions using digital currency. Federal Reserve has even published a white paper in this regard. According to that, the digital version of the USD will […]
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New Delhi – Finance Minister Sitharaman said, ‘We have presented a budget, in the 75th year of independence that will lay the foundation for the next 25 years.’ She added, ‘We have made it our priority to present a budget that sustains the country’s economic development.’ On the other hand, Prime Minister Narendra Modi welcomed […]
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New Delhi – Prime Minister Narendra Modi spoke about the strength and spirit of Indian democracy while addressing the Summit for Democracy organised by the United States. He said that democracy is not only for the people and by the people, but the true strength of democracy is the spirit and ethos that lies within […]
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Abuja: – Nigeria became the first country in Africa to launch the digital currency ‘eNaira’. On Monday, President Muhammadu Buhari inaugurated ‘eNaira’. President Buhari claimed that this would expand the scope of Nigeria’s banking sector and add billions of dollars to the economy. The Nigerian President predicted that the country’s Gross Domestic Product (GDP) is […]
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Washington/London – Gold prices continue to rise due to the rising inflation and a weakening dollar. Analysts claimed that if this trend continues in the economy, the Gold prices could rise to as much as $3000 an ounce in the next few months. The gold rate jumped by nearly 1.5% in the US markets on […]
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Caracas – The Venezuelan government plans to devalue its currency by six zeros as a measure to counter a six-year recession and a 2,000% rise in inflation. According to the plan, the 100-bolivar note will be the highest valued currency note from October. Moreover, its actual value will be 100 million bolivars. It is also […]
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London: – British Finance Minister Rishi Sunak hinted at launching a digital currency called ‘Britcoin’. In this regard, the UK Finance Department and the Central Bank’ Bank of England’ set up an independent task force a few months ago. Against the backdrop of Corona and Brexit, the British economy is likely to develop a crisis. […]
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Washington/Canberra: – In a joint international operation, the US investigation agency, the Federal Bureau of Investigation (FBI), Europol and the Australian agencies arrested 800. Huge hauls of arms, cash and luxury cars, and narcotics were seized during the raids conducted across 16 countries. FBI informed that the messaging app ANOM and encrypted smartphones were used […]
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Beijing: – The Chinese communist regime has expedited moves to take the lead in the digital currency sector. The Chinese central bank has decided to gift 40 million digital Yuan currency to the residents of Beijing through a lottery system. This is the third instance of the Chinese government giving the digital Yuan currency in […]
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Frankfurt: – Christine Lagarde, President of the European Central Bank, expressed confidence that Europe could start a digital currency in the next four years. Only a few months ago, China announced Digital Yuan. Whereas, countries like the United Kingdom, Sweden, Germany and France also have indicated to start efforts to launch digital currencies. Over the […]
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