Angola's central bank has officially added the Chinese yuan to the list of approved foreign currencies that commercial banks can use to meet their mandatory reserve requirements, underscoring the growing economic ties between the two countries.
The Bank of Angola has added the Chinese yuan to the list of currencies commercial banks can use for their mandatory reserves, reflecting the deepening economic ties with China, its largest trading partner.
The leading cryptocurrency recovered to over $60,000 after a volatile session, but the bounce comes on the heels of a 14% quarterly decline and a record $4.5 billion in monthly outflows from U.S. spot Bitcoin ETFs.
The crypto infrastructure firm has registered its MERC token's white paper with European regulators, fulfilling MiCA disclosure rules and enabling its admission to trading on regulated platforms across the EU.
Cryptocurrency exchange BTCC has reported a significant increase in daily futures trading volume, attributing a surge of up to 55% to a promotional campaign linked to its partnership with the Argentine Football Association during the World Cup.
Cryptocurrency exchange Bybit has launched its virtual debit card in Peru, enabling users to spend digital assets and fiat currencies. The move is part of the firm's broader strategy to increase the utility of digital assets in key Latin American markets.
JPMorgan analysts caution that MicroStrategy's recent policy shift, which allows it to sell Bitcoin holdings, introduces significant uncertainty and 'two-way flow risk' to the broader cryptocurrency market.
The cryptocurrency saw its largest single-day percentage increase since February 25, pushing its market capitalization above $6.3 billion amid a broader, but more modest, rally in digital assets.
Cardano (ADA) registered its largest single-day percentage gain since February, climbing more than 10% on Friday and pushing its market capitalization above $6.3 billion.
