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Bitcoin is a 'safe-haven' and could save the Zimbabwean economy from COLLAPSING The cyber currency bitcoin is considered to be a volatile and highly speculative investment, but for Zimbabweans, it offers protection from the onset of hyperinflation and financial implosion. As banks deposits lose value almost by the day, people are turning to bitcoin while others are using the currency to ...
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Bitcoin's main rival Ethereum hits a fresh record high Ether, the digital currency of the Ethereum blockchain, made significant gains on the day of the Thanksgiving holiday. The cryptocurrency hit an all-time high of $425.55 Thursday, according to data from industry website Coinmarketcap. This broke a previous record high of $414.76, which the digital ...
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South Africa holds repo rate, says risks to inflation rising PRETORIA, Nov 23 (Reuters) - South Africa's central bank kept its benchmark repo rate at 6.75 percent on Thursday, citing the increased risks of inflation posed by currency weakness, possible credit downgrades and political jostling. The bank's forecasting model implies three rate increases of 25 basis ...
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South African Rand Nerves Ahead Imminent Rating Review ZAR is at risk of a hefty sell-off on Friday if two ratings agencies downgrade the country's credit rating, however no action could result in the currency jumping. Tomorrow sees the two largest credit rating agencies, Moodys and Standard & Poors publish their latest assessments of South Africa. The Rand ...
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