Today, the world’s fourth-largest economy, Germany, was confirmed to be in recession due to the drop in the euro’s value. Meanwhile, the dollar reached a two-month peak as demand for safe-haven assets rose because of growing concerns about a US default on its debts. The biggest economy in Europe Germany
The Committee on Economic and Monetary Affairs of the European Parliament has called ECB’s member in Brussels to comprehend the digital euros. Fabio Panetta, a member of the European Central Bank (ECB) appeared for the speech on April 24 and explained about the digital euros. Panetta started explaining the process
Andrew John Bailey, the head of the UK’s central bank, is not sure about the need for the digital pound. According to recent reports, the Governor of the Bank of England recently asked the Treasury Select Committee of Parliament about the necessity of the digital pound. Andrew Bailey also conveyed
The US dollar has overtaken the Euro for the second time in 20 years. The Euro exchange rate recorded its low value in September 2002. For the second time in 20 years, the Euro currency exchange rate has surged in value that is almost equivalent to the US dollar. On
For the first time in 20 years, the US dollar has surged over the euro. Euro surges over 40% from its all-time high of €1.5990. The euro’s common currency exchange rate turned closer in line with the US dollar, as heat concerns and the risk of economic downturn weighed on
For the first time in eight months, Binance has restarted bank transfers for European customers after pressure from authorities. Starting today, European Binance customers, except those in Switzerland and the Netherlands, may deposit and withdraw in both euro and British pound via SEPA and Faster Payment Services (FPS). Binance has
The expertise team behind Ripple (XRP) officially announces a promising partnership with the Digital Euro Association (DEA). The main aim of the collaboration is to exchange technical knowledge. And to enhance the design and updates of the central bank digital currencies (CBDCs). Significantly, through this partnership, Ripple will strengthen its
Anthony Pompliano shares that the digital euro is worthless and it is not bitcoin. The European central bank (ECB) is planning to launch a new project on digitalizing money. The bank converts the money from Bitcoin to the digital euro. The ECB Prepares Euro’s Digital Future Due to the announcement
