Cryptocurrency Market Reacts to Producer Price Index Data: Bitcoin and U.S. Dollar Respond

Important economic data is closely monitored by the cryptocurrency market, particularly Bitcoin, which recently experienced a drop to $27,000 amid escalating tensions between Israel and Hamas. Today, the announcement of the Producer Price Index (PPI) data has stirred interest among market participan ...

Zimbabwe Banks to Offer Credit Products with State Digital Currency Backed by Gold

Banks in the South African country will be able to offer credit products using as collateral the newly issued state digital currency, secured by gold, announced the Zimbabwe Bankers Association. The digital money, the local central bank suggests, will eventually be used i ...

Warren Buffett dismisses bitcoin as global reserve currency despite loss of confidence in US dollar

Famous investor and head of Berkshire Hathaway Warren Buffett said that the loss of people's confidence in the dollar does not mean that bitcoin will become a global reserve currency. Buffett responded to a question about the current trend toward de-dollarization and warned ...