Tag: FX

China has become the first major economy to roll out a digital currency.  The e-yuan will bypass the global financial system. Economists, however, warn it could endanger the US dollar long-term.  See more stories on Insider’s business page. The People’s Republic of China (PBOC) introduced its first blockchain-powered digital currency controlled by its central bank,…

Playboy is launching an NFT art gallery and auction hub via Nifty Gateway. Playboy’s chief brand officer Rachel Webber said NFTs present ‘an enormous business opportunity’. Playboy plans to use the partnership to showcase its art archive and to release original works. See more stories on Insider’s business page. Playboy is set to join the…

Trump’s plan to start a new social media network is highly unlikely to succeed, experts have told Insider. The former president is reportedly planning a new platform to recover the audience he lost after being kicked off Twitter.  But Trump will struggle, experts believe, with any new platform likely to struggle financially. See more stories…

“StudyTube” has become a popular trend on YouTube, and major advertisers are taking notice. Some study influencers have seen a lift in brand interest since the pandemic took learning online. Popular study influencers are earning thousands of dollars through AdSense and brand partnerships. See more stories on Insider’s business page. In 2019, the YouTuber Elliot…

TOKYO (Reuters) – Japan made sure that language warning against excess currency market volatility remained in place when G20 finance leaders made a rare tweak to their message on exchange-rate moves, said officials with knowledge of the deliberations.In the first communique compiled since U.S. President Joe Biden took office, finance leaders of the Group of…

Hi and welcome to this weekly edition of Insider Advertising, where we track the big stories in media and advertising. I’m Lucia Moses, deputy editor here. Remember you can sign up to get this newsletter daily here.First, senior reporter Lauren Johnson is hosting a webinar about how advertisers can navigate the death of third-party cookies…

Florida Rep. Matt Gaetz sought a pardon from Trump before he left office. The New York Times reported that Gaetz wanted “blanket pre-emptive pardons for himself” and allies. The lawmaker is under federal investigation over whether he violated sex trafficking laws. See more stories on Insider’s business page. Rep. Matt Gaetz of Florida sought “blanket…

NEW YORK (Reuters) – Inflows into cryptocurrency funds and products hit a record $4.5 billion in the first quarter, suggesting increased institutional participation in the once-maligned sector, data from digital currency manager Coinshares showed on Tuesday.FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken…

* Canadian dollar weakens 0.3% against greenback * Loonie trades in a range of 1.2516 to 1.2575 * Price of U.S. oil rises 1.9% * Canadian bond yields ease across flatter curve TORONTO, April 6 (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Tuesday, with the loonie pulling back from a two-week…

TOKYO (Reuters) – The dollar was largely steady on Monday as investors soaked up last week’s strong U.S. employment report and looked ahead to data on the U.S. services sector for affirmation of a solid economic rebound from the coronavirus shock.FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in…