Finance
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Mexican Peso Continues To Rise!
The real exchange rate of the Mexican peso reached its highest level since 2014, reflecting the strength of the currency despite the economic recession of recent years. The real exchange rate of the Mexican peso reached its highest level since 2014. Considering the country’s disastrous economic performance in recent years, it is surprising that the currency has outperformed its regional peers. According to analysts, investors are questioning whether the euro…
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Tesla Shares Increased 100%: Elon Musk Is The World’s #1 Billionaire Again
According to Bloomberg Billionaires Index, Tesla and Twitter CEO, Elon Musk has regained the prestigious title of world’s wealthiest person. Last December, Bernard Arnault, Louis Vuitton executive chairman, took over Musk’s spot at number one for a period exceeding two months; however, an impressive upswing in Tesla shares sent him back atop the Billionaire list! The New Increase in Tesla Shares Moves Elon Musk to No. 1 On Monday, Elon…
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FTC Decides to Distribute $115 Million Compensation to MoneyGram Victims
On Friday (Feb. 10), the FTC announced its plans to reimburse consumers for over $115 million due to MoneyGram’s breach of a 2009 settlement and 2012 agreement with the Department of Justice, which they vowed to protect customers from scammers that utilized their payment system. This action was taken following an investigation by both the FTC and DOJ into Moneygram’s failure on this front. FTC MoneyGram Was Aware of Persistent…
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Cardless Cash Withdrawals are Powering the Indian Payment Industry
The pandemic played an important role in boosting India’s payments sector making digital payments ubiquitous across the nation. Micropayments via UPI have become the norm across the length and breadth of the country. This unprecedented digital transformation got a further fillip with the recent RBI directive on interoperable cardless cash withdrawals at ATMs using UPI. A circular issued by the Reserve Bank of India (RBI) on May 19, 2023, stated, “All banks, ATM networks,…
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The Kingdom of Tonga May Accept Bitcoin as the Official Currency by the End of the Year
Will the Polynesian Kingdom of Tonga make bitcoin a legitimate and authorized currency by the close of 2021? Lord Fusitu’a declared that it was certainly possible. This South Pacific isle may launch cryptocurrency as an accepted form of payment in Q2 2023, while they could start harnessing geothermal energy for crypto mining sometime during Q3 this year! This Bitcoin Regulation In The Kingdom Of Tonga Has Been On The Table…
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The Global Financial Crisis and Its Effects on the Global Economy
A financial crisis is a rapid and widespread collapse of the economy, where stocks, bonds, and real estate are all drastically devalued. Banks may become distrusted due to limited access to credit or overly aggressive lending practices during this time of economic upheaval. However, in today’s world, where financial borders are getting blurred, this financial crisis seen in one of the big economies may spread to other countries and become…
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A First In The History After the Earthquake: All Transactions On The Stock Market On February 8 Are Cancelled
The Turkish stock exchange, Borsa Istanbul, faced controversy for remaining open after the devastating earthquake centred in Kahramanmaraş, which resulted in heavy losses. As a result, the exchange has been closed and all transactions made on February 8th have been cancelled. The stock market will remain inactive for the next five working days, a decision that is a first in the history of the Republic. As Turkey was hit by…
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Bitcoin Miners Revenue Increased by 27% in January
According to a ForkLog analysis, bitcoin miners accumulated $604.6 million in January – an impressive 27% increase from December! The Profitability of Bitcoin Miners Is Increasing, But That’s Not All In January, the cost of Bitcoin transaction fees jumped 127%, from $0.62 to an average fee of $1.41; Ethereum’s grew 55% within this same period – soaring from $2.93 to a staggering $4.54 price tag. As prices recovered, so too…
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Tips for Finding Loans Without a Credit Check
Finding a loan that doesn’t require a credit check can be difficult but possible. There are several options available for those with poor or no credit history, and understanding these options can help make the loan process less stressful. Loans With No Credit Check A good option for those looking for a loan without a credit check is guaranteed approval without a credit check. These loans are usually offered by…
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US Sanctions on China Hurt US Chip Makers, Too
The United States – China trade war, which has grown more heated during the Trump administration, is still ongoing. While the US keeps enforcing strict sanctions on China‘s chip and supercomputer industry, it is now beginning to impose similar restrictions against Japan and Netherlands. The Semiconductor Industry Association (SIA), a body representing almost all of America’s chip manufacturers, forewarns that such actions could prove damaging for both sides. The Embargo…
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