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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%

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