Ripple continues its decline to levels not seen since 2024

The price of Ripple (XRP), Ripple's digital currency, fell below the immediate support level of $1.00 on Tuesday, as investors took stock of escalating tensions in the Middle East. The remittance symbol has remained in a downward trend for most of this year, and losses below the $1.00 level are likely to dominate this week’s trading, unless a sustainable recovery occurs. Rising yields and inflation fears are putting pressure on...

Cryptocurrencies Long-term borrowing costs from the United States to Japan and Germany rose to their highest levels in decades, pressuring non-yielding gold, while oil prices extended their gains for the third session in a row. Prospects for reaching a peace agreement between the United States and Iran are still faltering, after US President Donald Trump said that Tehran is unlikely to accept the conditions necessary to end the conflict, while

Iran has pledged to take a "fully offensive" military stance and said the Strait of Hormuz will remain closed until Washington meets the terms of an interim agreement. High energy prices reinforce the case for raising interest rates to curb inflation, despite recent US economic data that showed surprising job losses, lower-than-expected inflation, and weak retail sales in July. Investors are now turning to the minutes of the Council's latest monetary policy meeting

The US Federal Reserve, scheduled for release on Wednesday, is looking for indicators on the path of interest rates during the coming period. Ripple expands cross-border payments in Korea Ripple announced on Monday that it has entered into a strategic partnership with Jeonbuk Bank to expand the scope of cross-border payments in Korea, as part of its broader efforts to expand in the region. The company specializes in enterprise solutions based on block technology

Chen, in a press statement, said that the cooperation aims to reduce the transaction settlement time to near instantaneity, thus enhancing the business of companies that rely on intermediary banks via the SWIFT system. Jeonbuk Bank is the first commercial bank in Korea to implement the Ripple Payments service, in a move that confirms the blockchain company's efforts to expand the scope of its operations. “Jeonbuk Bank can now provide faster, more transparent and efficient money transfer services,” Ripple said in the press release

"In terms of cost for its global corporate clients, including import and export companies, IT start-ups, and online content creators."

The Arabian Drilling Company, the largest drilling company in the Kingdom of Saudi Arabia in terms of fleet size, announced the signing of a contract with a new client in one of the Gulf Cooperation Council countries, to expand the company’s regional presence.

Retal Urban Development Company announced the signing of its company

Its 80% owned subsidiary (Construction and Construction Company Limited) has signed a contract with Rimal Park Fund (an associated company) to carry out design and construction services for the Rimal Business Court project in the city of Al-Khobar, without any preferential conditions or benefits.

The Canadian dollar retreated from some of its recent gains against its US counterpart on Tuesday, while bond yields fell slightly from their highest levels in several years, as investors evaluate the chances of...

Canada has reached an agreement with Washington to avoid imposing new tariffs on its exports.