Digital currencies have witnessed remarkable development over the past decade, transitioning from an innovative idea to a key financial tool in global markets. They have become a significant factor in modern economic transformations, substantially contributing to the evolution and success of financial intermediaries. In this article, we explore the importance of digital currencies in enhancing […]

The euro fell on Thursday to $1.0521, hovering near its two-year low, driven by fears of a potential collapse of the French government. The ongoing political crisis in France, the eurozone’s second-largest economy, has raised concerns about Paris’s ability to legislate effectively and tackle its fiscal deficit, according to Reuters. Meanwhile, Bitcoin surpassed the $100,000 […]

What is a Financial Intermediary? A financial intermediary is an entity that acts as a bridge between two parties in a financial transaction. Examples include commercial banks, investment banks, pension funds, and mutual funds. These institutions provide various consumer benefits, such as asset security, liquidity, and economies of scale in banking and asset management services. […]

Bitcoin’s dominance in the market has dropped to 56%, while its price remains below the $100,000 mark, raising questions about the onset of an altcoin season. Alternative cryptocurrencies, such as Ripple (XRP) with a 322% surge over the past month, Solana (SOL) hitting $260, and Cardano (ADA) growing by 200%, have shown significant gains, adding […]

Howden Insurance Brokers revealed today that UK businesses have suffered losses amounting to £44 billion ($55.08 billion) over the past five years due to cyberattacks. At least 52% of private sector companies reported experiencing at least one cyberattack during this period. The company stated that cyberattacks cause average revenue losses of 1.9%, with businesses generating […]