Notifications Bell

A rift in the market

A rift in the market

Swiss city of Lugano to make Bitcoin and Tether 'de facto' legal tender

  • Major index providers are officially cutting #Russian assets from their gauges, ratcheting up the pressure on an exchange-traded fund industry already facing an extraordinary stress test
  • Aiming to become Europe's Bitcoin capital, Lugano, Switzerland, has formed a partnership with stablecoin issuer #Tether to establish #bitcoin, Tether and Lugano's own LVGA Points token as essentially legal tender in the city
  • The #euro slid to its lowest level in almost six years against Britain's pound and was pinned near 21-month lows versus the dollar as a fresh surge in energy prices heightened worries about the euro area economic outlook
  • #BTCUSD dove 3.4%
  • #WTIUSD dove 1.2%


The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.