The Cryptonomist announces today a partnership with the Italian American Blockchain

Today The Cryptonomist is pleased to announce the start of a partnership with the Italian American Blockchain Association.

The IABA is the first Italian American centre in the United States for the study and diffusion of blockchain technology and the crypto world, located in the heart of the Downtown Miami Business District.

Thanks to the partnership with IABA, The Cryptonomist expands its international audience. In addition, The Cryptonomist will accompany IABA in all its future activities and events.

Miami, a connection point between North and South America, has become the strategic base for many international companies. On June 14, 2019, the first citizen of Miami, Mayor Francis Suarez, celebrated the opening of the Blockchain Center in Miami by supporting and supporting the project carried out by Eryka Gemma, Scott Spiegel and Nick Spanos, pioneer and blockchain leader in the United States, as well as founder in 2013 of the Bitcoin Center in New York, the world’s first crypt exchange centre.

Miami’s strategic role was confirmed by the official announcement of Blockchain Week by the city’s mayor in January 2020, right in conjunction with the North American Bitcoin Conference (TNABC), hosted in Miami for the seventh consecutive time.

It is in this context that IABA develops, whose main mission is to make known and promote in the United States the countless and interesting Italian crypto and blockchain projects. Training events, networking opportunities and support for internationalisation to bring the many Made in Italy initiatives overseas. From those who deal with information to those who develop pioneering applications and use cases carried out not only by technological hubs, but also by small and medium enterprises, IABA proposes itself as a point of reference and faithful ambassador in the United States. To stay up to date, IABA is waiting for you on Telegram @ItalianAmericanBlockchain.

Forex Market: Dollar Marks a Monthly Low against the Euro

The dollar marks its monthly low in the middle of the week against the euro. After having a weak start on Monday in the Forex market.

Tense news continues for the dollar. Its instability is increasing against other currencies. Thus, the greenback continues to trade at low ranges against the other currencies that have managed to establish themselves again in the Forex market.

As the week progresses, and the conditions of the pandemic in the U.S. become more negative, investors are slowly turning away from the U.S. currency.
The USD is trading in a mixed environment this Tuesday.

The Dollar is no longer a safe haven

The deteriorating political and social situation in the United States, with the vague control of the relevant authorities in curbing COVID-19 infections in the states, leaves much to be desired.

The United States currently has the most active local cases of the disease, and they are increasing every day.

Florida, which has become an epicenter of the new outbreak, reported 133 new deaths from Bitcoin Freedom on Tuesday, bringing its death toll to more than 4,500. There are 3.4 million confirmed cases to date in the entire United States.

This, coupled with advances in an experimental Coronavirus vaccine by a private American company, has created a risky environment among Forex investors.

Although the vaccine has already been tested on 45 individuals, all of them generated a not very positive immune response.

Moreover, there is even more reason to be cautious. For, the dollar promises to keep its negative pace with worsening tensions between the U.S. and China and fears of the Coronavirus.

Thus, investors have turned their attention to currencies that have been regaining their stability in the Forex market.

US Currency Overshadowed by Euro

The dollar marks a monthly low in the middle of the week. The dollar index fell below 96 for the first time since June, dropping to a one-month low of 95.77. Its last quote fell 0.20% to 95.96.

The EUR saw overnight gains, extending to a four-month high of $1,1450 against the dollar, near the Euro/Dollar peak of $1,150 in early March. It last rose 0.18% to $1,142.

The reason is simple: with the dollar pulling away, it is allowing other currencies to take the lead, leaving the U.S. currency lagging behind other currencies in the Forex market.

In addition, analysts at Action Economics explain that the Euro will continue to grow in the currency market, as investors wait for the European Union leaders to agree on a Coronavirus recovery fund.