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Showing posts with the label global

De-Dollarization: Cuba’s Dollar Stores & Trump’s Strategy

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De-dollarization threatens the current global currency stability as Cuba reintroduces dollar stores and, at the same time, Trump also prepares for some aggressive tariff policies. This weak dollar impact is also creating some economic divides both domestically and internationally as nations are starting to shift away from USD dependence. Source: JamaicaObserver Also Read: Cardano: AI Predicts ADA Price Forecast April 5th, 2025 How Cuba’s Dollar Stores & Trump’s Policies Shape Global Currency Source: Watcher Guru Cuba’s Dollar Economy Reflects Global De-Dollarization Trends Source: JamaicaObserver Cuba’s resurrection of dollar-only stores represents, in many ways, a microcosm of the global de-dollarization challenges. While the communist nation struggles to obtain dollars, many countries are also actively working to reduce their dollar dependence. Prime Minister Manuel Marrero called the dollar stores “a necessary process” for the state to capture som...

Bitwise Expands into Europe with Acquisition of ETC Group

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Source: Bitwise Bitwise Asset Management, a leading global crypto asset manager, has expanded its reach into the European market by acquiring London-based ETC Group . This strategic move adds to Bitwise’s portfolio and elevates its total assets under management (AUM) to over $4.5 billion. We’re excited to share that Bitwise has acquired ETC Group, the London-based digital asset manager and creator of Europe’s largest physical Bitcoin ETP (BTCE). The acquisition deepens our industry-leading suite of crypto products and brings Bitwise clients access to global… pic.twitter.com/RTSrrokBo3 — Bitwise (@BitwiseInvest) August 19, 2024 Acquisition Details On August 19, 2024, Bitwise announced its acquisition of ETC Group, a prominent issuer of exchange-traded products (ETPs) in Europe. The financial terms of the deal have not been disclosed. This acquisition includes ETC Group’s suite of nine European-listed crypto ETPs, which Features popular products such as t...

Coinbase unveils global, instant money transfers via popular messaging and social platforms

Coinbase will allow users to send money globally via popular messaging apps like WhatsApp, iMessage, and Telegram. The transactions are instant and free, breaking down geographical barriers. To facilitate these transfers, both the sender and receiver need the Coinbase Wallet. Cryptocurrency exchange giant Coinbase yesterday rolled out a groundbreaking service, allowing users to send money globally through well-known messaging and social media platforms. The move aims to provide greater utility to its digital wallet and attract new users amidst a thriving crypto market. Global money transfers using messaging apps Coinbase now enables customers to send money global ly through widely used messaging apps such as WhatsApp, iMessage, and Telegram. This move allows for seamless transactions, breaking down geographical barriers. Users can send money to recipients in different countries, and the settlement of transfers is both instant and free of charge. Coinb...