Interbank market news scan: Kentucky puts crypto on the scams hit list; Bitcoin strengthens while Ethereum weakens …

Photo by Simon on Pexels.com

Bitcoin and Ethereum exchange rates as of 10:46 pm EST, 10 March 2021 …

ETH/USD: 1802.11 BTC/USD: 55,359.60

ETH/EUR: 1514.47 BTC/EUR: 46,523.70

ETH/GBP: 1,296.95 BTC/GBP: 39,841.50

ETH/CHF: 1,675.78 BTC/CHF: 51,479.00

ETH/JPY: 195,759.00 BTC/JPY: 6,013,600.00

ETH/CNY: 11,726.50 BTC/CNY: 360,230.00

Source: OANDA

Follow the links …

These digital assets are known non-fungible tokens, or NFTs. Blockchain technology allows these items to be publicly authenticated, serving as a digital signature to certify who owns it and that it is an original work. NFTs cannot be exchanged on a like-for-like basis, as each one is unique – in contrast to fungible assets like dollars, stocks or bars of gold. Explained: Non-fungible tokens or NFTs (yahoo.com)

THE Zimbabwe Coalition on Debt and Development (Zimcodd) has rejected claims by banks that they cannot pay interest on deposits because they are not making profit, arguing domestic financial institutions are outperforming their regional counterparts. ‘Banks must pay interest on deposits’ – NewsDay Zimbabwe

Forex is one of the most enormous and liquid markets around the globe. In 2010, the forex market accounted for more than 3 trillion dollars of daily trading. But the surprising fact is that the market did not exist a century ago. Unlike the stock market, we cannot trace the roots of the forex market. Evolution of Forex to Become the Largest Financial Market | Finance Magnates

After dipping as low as $53,500, buyers have re-entered the main stage and pushed Bitcoin to $57K. There is a good chance that the benchmark cryptocurrency will head into territory above $60K. Bitcoin rushes to new highs, supported by strong demand (fxstreet.com)

The Department of Financial Institutions is reminding investors to be on the lookout for investment schemes pitched through the internet and social media. Department of Financial Institutions lists Internet, social media scams as top threats for Ky. investors – KyForward.com | KyForward.com

10 March 2021

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: