Montenegro x Ripple ๐Ÿค

The central bank of Montenegro has partnered with Ripple. Both entities has connected to launch CBDC for Montenegro.

More market movers from category

Ripple jumps 12% amid market rally ๐Ÿš€

Ripple (XRP) jumped an additional 12% to $0.58, as investors hope the lawsuit between the SEC and Ripple is coming to an end. The cryptocurrency is already up 65% in the last 2 weeks.

Hong Kong as a digital asset hub

Hong Kong still wants to become an international center for digital assets. The special administrative region’s regulators plan onย gettingย crypto companies and bankers together. A recent Bloomberg report says that the meeting will take place at the Hong Kong Monetary Authority on April 28th.

G7 will discuss crypto regulations

The G7 will detail a coordinated plan to improve crypto transparency and strengthen consumer safeguards. They hope to confront threats to the global financial system during a conference in Hiroshima this May.

Gucci x Yuga Labs

Gucci has recently announced a multi-year partnership with Yuga Labs, the creator of Bored Ape Yacht Club. The primary objective of this deal is to foster engagement between the communities of both companies. This could leverage each other’s strengths to create new and innovative experiences for their customers.

Bitcoin reportedly entered a supercycle

Bitcoin appears to be entering a new bullish “supercycle,” according to Bloomberg senior analyst Mike McGlone. He claims Bitcoin is the best-performing asset in 2023, increasing its price “nearly 10 times” as much as gold.

Do Kwon reportedly arrested

The Interior Minister of Montenegro claims Do Kwon has been arrested in Podgorica, the capital of Montenegro. The identity verification should be confirmed soon.

More market movers

EU stock indices near March highs ๐Ÿ“ˆ

Thursday saw an almost 1% increase in European stock indices on hopes that central banks will soon halt their tightening cycle. Global risk sentiment improved as worries about the recent banking turmoil subsided. The STOXX 600 jumped to 455 while DAX 40 surged to 15,500.

Ripple jumps 12% amid market rally ๐Ÿš€

Ripple (XRP) jumped an additional 12% to $0.58, as investors hope the lawsuit between the SEC and Ripple is coming to an end. The cryptocurrency is already up 65% in the last 2 weeks.

Saudi Aramco x China ๐Ÿ›ข

Saudi Aramco is working with China to build a $12.2 billion oil refinery. The refinery will be in northeast China, and it is expected to be fully operational in 2026. About 300,000 barrels of oil a day will be housed at the refinery.

Alibaba soars 13% after announcement

The announcement of Alibaba’s plan to divide itself into six distinct businesses boosted the stock by 13%. This reorganization may result in many IPOs down the road. The segments would be cloud, e-commerce, global e-commerce, digital mapping, logistics, and a media arm.

5 banks investigated over $100b fraud

Five large banks in France were reportedly targeted by investigators as part of a โ‚ฌ100 billion fraud probe. French and Germanย  governments were involved because of a possible money laundering allegation. The banks under investigation are HSBC, Societe Generale, BNP Paribas, Exane, and Natixis.

Charles Schwab suffers losses

Charles Schwab is facing risks due to unrealized losses of over $29 billion on its balance sheet from 2022. As a result, Schwab shares have lost over a quarter of their value since March 8, with some analysts expecting earnings to suffer. The company’s CEO, Walt Bettinger, said the company is healthy and prepared to withstand the turmoil.

News

EURUSD eyes cycle highs – will it breach 1.10?
EURUSD
-0.01%

EURUSD eyes cycle highs – will it breach 1.10?

The negative trend for the USD is here to stay, according to analysts, likely leading to the next attack at 1.10.
Wall Street closed green with increased optimism
SP500
1.42%

Wall Street closed green with increased optimism

The US market closed in the green, with tech being the hero of the day. Banking re-assured traders with rising stock prices.

Current crypto regulatory challenges in USA – what you need to know

Senator Elizabeth Warren wants to ban crypto wallets, and the SEC chairman will testify about his plan to set the regulatory framework for crypto.
Natural gas production may rise with US and Canada in charge
NG
-1.14%

Natural gas production may rise with US and Canada in charge

The US and Canada are expanding natural gas production rapidly. Will the LNG price meet their expectation?