As economic downturn shadows loomed over Europe on Friday and underlined the improved comparative performance of the U.S. economy, Asian markets had been left in a state of ambiguity. The MSCI’s bigge...
Tag: Dollar
Strength In U.S. Dollar May Have Killed Bullish Momentum In Crypto?
The crypto market has been losing momentum as the price of Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) start trading in the red. The largest cryptocurrencies by market cap might experience f...
Dollar General remains attractive but be defensive on the stock
Inflation is still running hot, and consumer budgets are getting squeezed further. Discount chains like Dollar General Corporation (NYSE:DG) have benefited immensely this year. The stock is bound to b...
HUSD Stablecoin Loses Dollar Peg, Huobi Supposedly Jumped Ship in April
HUSD appears to be the next stablecoin that’s having serious difficulties in maintaining its dollar parity. Huobi, the cryptocurrency exchange that seemingly backed the stablecoin, supposedly abandone...
How ESPN And Little League Created A Longstanding, Multi-Million Dollar Partnership
Little League fans relax on the hillside overlooking Lamade Stadium before an International … [+] elimination baseball game between Reynosa, Mexico and White Rock, British Columbia at the Little...
Proposals for New Common Currency Resonate in Latam, to Undermine US Dollar Dependency – Economics Bitcoin News
Two new proposals for a new common currency to be established in Latam have been made recently. Former Brazilian president and candidate Luis Inacio Lula Da Silva mentioned the idea in May, and the pr...
US Dollar Strong Market Performance Brings Down the Euro Prices
The previous week witnessed the gold prices rising in almost every trading session. At the start, the volatility was low since investors were waiting for the US inflation data to be released by the Fe...
Dollar General fined nearly $1.3 million for worker safety violations
A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Dollar General is being hit with nearly $1.3 million in fines for worker safety violations after visits by fede...
Can Web3 Help Solve the 10 Trillion Dollar Cyberthreat?
– Advertisement – The James Webb Space Telescope has already presented the world with amazing images, representing mind-boggling numbers. Billions of galaxies. Billions of lightyears awa...
Acala Network’s aUSD Depegged from Dollar Mark after Breach
Acala Network’s stablecoin was depegged from the dollar mark on Sunday following a breach. The decentralised finance hub of Polkadot on Sunday tweeted saying a vote was proposed to pause operati...
MakerDAO Founder Calls on DAI to Drop Dollar Peg Amid Tornado Cash Fallout
In the aftermath of the Treasury Department’s stunning decision Monday to ban Ethereum coin mixing tool Tornado Cash, many crypto industry leadwalletsers are reconsidering their exposure to centralize...
DAI could lose its peg to the dollar
MakerDAO has decided to eliminate DAI’s exposure to USDC and this could cause it to lose its peg with the dollar. DAI: MakerDAO’s algorithmic stablecoin seriously risks losing its peg with the dollar...
China’s ‘Zero-Covid’ Fiasco Will Give Dollar Rally New Life
The dollar remains an oasis of stability in a world of volatility. getty People betting that the U.S. dollar’s slide will continue might want to pay more attention to what’s afoot in Asia. Or, perhaps...
Dollar Softens as CPI Data Changes Fed Rate-Hike Expectations
Updated Aug. 10, 2022 1:36 pm ET | WSJ Pro 13:24 ET – Weaker-than-expected CPI has changed the market’s view of the Fed’s rate-increase trajectory over the next year or so, Bruce Clark, senior m...
Has the U.S. Dollar Index (DXY) Completed Its Uptrend?
After months of upward movement, the U.S. dollar index (DXY) may have peaked and initiated a downtrend. In early August, the DXY broke down from its long-term, exponential upward curve, while yesterda...
Exclusive: Bitwage CEO wants to ’empower digital dollar salaries globally’
Crypto payroll provider Bitwage has continued with its push to drive innovation of crypto payrolls by integrating the digital dollar (USDC) stablecoin on the Stellar blockchain. The move is aimed at e...
Crypto Casino Stake.com Signs Multi-Million Dollar Sponsorship Deal with Everton F.C. – crypto.news
Stake.com has inked a record front-of-shirt sponsorship deal with Everton Football Club of England. The name and logo of the leading crypto betting platform will now be featured on the jerseys of both...
Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings – Economics Bitcoin News
After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nig...
Multimillion Dollar Hack Drained Thousands of Solana (SOL) Accounts
Solana (SOL), a public blockchain platform, has been the latest target of a cryptocurrency attack. SOL users claimed that money had been stolen from “hot” wallets. Solana (SOL), a public blockchain pl...
Is the US dollar index (DXY) a buy after the NFP data?
The US dollar index rose sharply on Friday after the US published a blemish-free non-farm payrolls (NFP) report. The DXY rose by about 1% to $106.76, which was the highest point since Wednesday. It re...
Saylor’s Billion Dollar Bitcoin Loss Is a Big Win, Argue Crypto Proponents
The billion dollars that MicroStrategy has lost on Bitcoin is actually a big win, according to Michael Saylor and numerous other crypto insiders. While mainstream media outlets such as the Wall Street...
Galoy Introduces Bitcoin-backed Synthetic Dollar Pegged to USD
9 hours ago | 2 mins read Bitcoin News Galoy also announced a $4 million capital raising to support the development. Stablesats’ source code may be seen on GitHub and on a dedicated website. The Light...
Solana Names Real Reason Behind Multimillion Dollar Hack
Alex Dovbnya Solana’s team of developers has determined root cause behind recent incident After investigating, engineers across several different networks have determined that the recent hacking...
Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product – Bitcoin News
On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the s...
Galoy Launches “Stablesats” Bringing US Dollar Balances to Lightning Network
Galoy – an open-source Bitcoin banking platform – has introduced a new feature allowing individuals to hold U.S. dollar balances over Bitcoin’s lightning network. However, unlike other attempts to bri...
Banking Platform Galoy Raises $4M for Bitcoin-Backed Synthetic Dollar
“Bitcoin has brought digital transactions to previously unbanked communities across Latin America, Africa and beyond,” said Galoy CEO Nicolas Burtey in a press release. “However, its volatility makes ...
Yearn.Finance Rockets 70% amid Recovery in US Dollar
The cryptocurrency market has been volatile in recent weeks, with ups and downswings occurring regularly. Yearn.Finance rockets 70% despite these ups and downs in the market. Nonetheless, the market h...
Innoviz wins $4 billion dollar Volkswagen lidar contract
In this photo illustration a Innoviz Technologies logo is displayed on a smartphone. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Israeli lidar maker Innoviz announced Tuesday it has won...
Will Dogecoin Reach 1 dollar? 5 Memecoin Crypto Price Predictions 2022
One of the biggest questions people have about memecoins is whether they will ever reach $1. And if you’ve been a market watcher for a long time, you realize the mountainous task of crossing even one ...
The Strong Dollar Is Wreaking Havoc Globally — And It’s Just Getting Started
(Bloomberg) — George Boubouras was at his home in east Melbourne, taking in a cricket match, when his phone suddenly blew up. Most Read from Bloomberg It was late on July 13, about 10:45 p.m., a...
The Dollar Will Only Fall When There’s Somewhere Else for Investors to Flee To
Text size It would be difficult to find a currency to dethrone the dollar. Asif Hassan/AFP/Getty Images About the author: Desmond Lachman is a senior fellow at the American Enterprise Institute. He wa...