Origin Protocol has introduced wrapped OUSD to further improve the composability of OUSD and expand the addressable market. Wrapped OUSD, also called wOUSD, provides the same compounding yield by abst...
Tag: Dollar
Fed forgets long-term dollar devaluation when pricing eggs in BTC
The St. Louis Federal Reserve stirred up a mix of amusement and curiosity from the crypto community on Tuesday, May 7, after publishing a post showing how the cost of eggs in Bitcoin (BTC) has fluctua...
The Weekly Wrap – Nonfarm Payrolls Delivers Dollar Strength
The Stats It was a busy week on the economic calendar for the week ending June 3, 2022. A total of 77 stats were monitored, following 46 stats in the week prior. Of the 77 stats, 39 beat forecasts, wi...
What’s the reason that billion dollar scams counts fake crypto investments at the top?
Due to blockchain technology, people tend to believe that cryptocurrencies and digital assets are quite a safe passage, but scams make them skeptical. As per the recent Federal Trade Commission (FTC)...
Microsoft’s Dollar Alarm Raises New Worry for Software Stocks
(Bloomberg) — Software makers that have been battered amid this year’s stock slump were dealt another blow this week when Microsoft Corp. warned of even more headwinds coming down the pike. Most...
Stocks surge, altcoins give back their gains and dollar strength may push Bitcoin lower
Between May 23 and 27, the equities markets had an impressive run, with the tech-heavy NASDAQ (NASDAQ: QQQ) ETF up over 7% and the S&P 500 (NYSE: SPY) up over 6.50%. However, this week’ whip...
Dollar Tree is bullish with a price target of $180
Dollar Tree Inc. (NASDAQ:DLTR) has been wildly volatile. Three weeks ago, the stock crashed by 19.77%. A week after that, the stock gained 29.03%. The net effect is that investors ended up about 10% r...
Is it safe to buy the US dollar index (DXY) ahead of NFP data?
The US dollar index is moving sideways as investors wait for the latest non-farm payrolls (NFP) data. DXY, which weighs the greenback against a basket of currencies, is trading at $101.80, which is ab...
Inflation is breaking highs while the Dollar surges, making the Global Stock Market struggle
Following the surge in the US dollar’s value along with rising inflation the stock markets are all around facing the obvious situations of experiencing lows The correlation of the US Dollar with...
Here’s why the US dollar index (DXY) price could crash to $100
The US dollar index retreated slightly on Tuesday after the strong housing and consumer confidence data from the US. Focus now shifts to the upcoming jobs numbers from the United States that will come...
Yuan-Ruble Trading Surges as America’s Rivals Rebuff Dollar
(Bloomberg) — The emerging multi-polar world now includes foreign-exchange markets — as China and Russia, the biggest challengers to U.S. supremacy, boost direct trading between their curr...
Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low – Economics Bitcoin News
After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic ch...
Are we looking toward legislation requirements for the Digital Dollar?
During the hearing, Republicans were quite aggressively asked about the situation and requirements of legislation for CBDCs, the so-called Digital Dollar On 26th May, the United States Financial Servi...
USD/JPY Price Forecast – US Dollar Attempting Recovery
US Dollar vs Japanese Yen Technical Analysis The US dollar has rallied against the Japanese yen during the trading session on Monday to break back above the ¥127.50 level. By doing so, it suggests tha...
FTX CEO Sam Bankman-Fried Says Exchange Looking To Make Multi-Billion Dollar Investments for Expansion: Report
The chief executive of Seychelles-based crypto exchange FTX reportedly says that the company is ready to make multi-billion dollar investments to expand its operations. According to Bloomberg, FTX CEO...
Bitcoin Breaches Psychological Level of $30K amid Dollar Index Slipping
After printing nine consecutive weekly red candles, a scenario not seen in its 13-year journey, Bitcoin (BTC) is back to winning ways after topping the psychological price of $30,000. The leading cryp...
Oil Prices Rally Despite Strong Dollar
These are rocky times for most investments. The S&P 500 and Nasdaq have each fallen for seven consecutive weeks while the Dow Jones Industrial Average has fared even worse, dropping for eight week...
Silver Price Prediction – Silver prices moved higher on a weaker dollar
Key Insights Silver prices rallied as the dollar faced downward pressure. Treasury yields slide as the PCE shows deceleration in price pressures. Oil prices maintain upward momentum amid rising US ga...
Gold Price Prediction – Gold prices edge higher as the dollar faces downward pressure
Key Insights Gold prices rally edged lower despite lowering inflationary pressures The Core PCE signaled falling price pressures. Treasury yields edged lower on economic data. Gold prices rise while...
Economist David Dodge Says Gold Is an ‘Antique Instrument,’ Thinks Digitizing the Canadian Dollar Is Interesting – Bitcoin News
The economist David Dodge, the former seventh governor of the Bank of Canada, says gold is an “antique instrument,” and he believes Canada’s central bank got rid of its gold reserves for this very rea...
US Fed Vice Chair Says Digital Dollar Would Take 5 Years to Launch
“I really see the potential for a digital dollar as being complementary to a more stable, efficient system that would include stablecoins and commercial bank money, so I really see them potentially en...
US dollar index (DXY) break and retest points to a rebound
The US dollar index (DXY) continued its downward trend on Friday after a slew of mixed economic data from the United States. The index declined to $101.60, which was the lowest level since April 25th ...
3 takeaways from Dollar General, Dollar Tree earnings that sent stocks soaring
Dollar General and Dollar Tree stores Getty Images Shares of Dollar General and Dollar Tree popped Thursday, as the discounters beat Wall Street’s quarterly earnings expectations, raised outlook...
US Federal Reserve Vice Chair sees need for a digital dollar
? Want to work with us? CryptoSlate is hiring for a handful of positions! Lael Brainard, Vice-Chair of the Federal Reserve, believes a U.S. central bank digital currency (CBDC) could help maintain the...
U.S. dollar index retreats from 20 year highs — But will DXY topping spark a Bitcoin recovery?
The United States dollar index (DXY) retreated broadly from its prevailing bull run in the past two weeks, dropping by up to 3.20% after hitting its two-decade high of 105. Overvaluation risks grip do...
American Bankers See No Compelling Case for Digital Dollar
The American Banking Association (ABA) has publicly shared its comments with respect to the pursuit of a Central Bank Digital Currency (CBDC) by the United States Federal Reserve, saying that “i...
The Dollar Weakens as Tech Crashes – Trustnodes
The dollar has come off its highest in two decades to now 102 from above 104 with it falling the most since it began its bull run last year. The currency is now finding competition from the euro which...
Wall Street Says a Fed Digital Dollar Spells Destruction for Banks
The Fed board has been weighing the logic of introducing a digital dollar, though officials have been careful to remain neutral and suggest that any plan should have the backing of Congress and the ad...
Why Dollar General is falling ahead of earnings and key level(s) to watch
Dollar General Corporation (NYSE:DG) has returned -19.65% in just five days. The decline happened after the stock touched an all-time high of above $260. Our previous call indicated that the stock was...
Aptos CEO faces billion dollar lawsuit by Glazer family member over equity
The co-founder and CEO of Aptos Labs, the Layer 1 blockchain startup founded by former Meta employees, faces a lawsuit alleging an early potential investor was cheated out of her fair share of equity....
Salesforce stock rallies following raised outlook, with stronger dollar seen as only major headwind
Salesforce Inc. shares rallied in the extended session Tuesday after the cloud-based customer-relationship-management company said business remained strong amid the current rocky economic landscape an...