Many awesome stories start with a joke, and this one certainly did. When the creators of Dogecoin, Jackson Palmer and Billy Markus created the cryptocurrency phenomenon Dogecoin. Even they didn’t know...
Tag: Dollar
Gold Price Prediction – Gold prices hit their first weekly gains since mid-April amid a softer dollar
Key Insights Gold prices traded flat but began to capitalize on falling yields. Investors fear recession among weaker economic data. Treasury yields continued to face downward pressure. Gold prices ma...
Surging Dollar Raises Possibility of Parity With Euro
A roughly 7% slide in the euro against the dollar this year is breathing new life into a two-decade old question on Wall Street: Will this be the year the currencies finally reach parity? The euro fe...
If You Expected Bitcoin to Beat Gold As An Inflation Hedge, You Understand Neither Gold nor Inflation
The market speculation that is Bitcoin has risen to prominence for a variety of reasons, but it’s not unreasonable to say that the dollar, euro, yen, pound, yuan (or name your county’s currency) have ...
Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance
Bitcoin (BTC) hit 48-hour highs overnight into May 20 as U.S. dollar weakness gave bulls some much-needed respite. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar strength declines ...
U.S. Dollar Index (DXY) Breaks Down From Exponential Uptrend
The U.S. Dollar Index (DXY) reached an area of long-term resistance in the range of 103-104 by April 2022’s end. A rejection from this area could initiate a DXY correction, which, attributed to its ne...
Dollar General and Dollar Tree Earnings Are the Next Big Test for Retailers
Text size Dollar General and Dollar Tree report earnings next Thursday. Justin Sullivan/Getty Images Dollar General and Dollar Tree report earnings next week, but the stocks got crushed well in advanc...
How Dollar General Is Spreading Like Hot Gossip In Tiny Towns Across The Country
Forget the internet. The discount chain is opening three new bricks-and-mortar stores every day, betting that customers will respond to lower prices in places overlooked by other retailers. When a sup...
Is SafeMoon A Billion Dollar Fraud? Coffeezilla Thinks So – Pt.3: V2 Contract
According to Coffeezilla, the V2 Contract was the project’s first and only original idea. The operators basically modified the fee structure and little else, but SafeMoon did change the code. “The big...
Bored Ape Yacht Club floor price has fallen 50% in dollar terms this month
The floor price of the popular NFT collection Bored Ape Yacht Club (BAYC) fell below $200,000 on Wednesday as the NFT market continues to slide. BAYC has seen its floor price — a measure of the cheap...
GoPlus Security Raises Multi-Million Dollar Private Funding Round From Multiple Chain Entities
[PRESS RELEASE – Please Read Disclaimer] In April 2022 GoPlus Security Engine, a leading Web3 Security Infrastructure provider, raised a multi-million dollar private funding round. This round was co-i...
US dollar index (DXY) has crashed. Buy the dip or sell the rip?
The US dollar index (DXY) took a breather as market volatility declined. The index is trading at $102.57, which is the lowest it has been since Thursday last week. It has fallen by more than 2.1% from...
Aussie Dollar Holds Up after a Positive Jobs Data
The employment data was released on the 19th of May in Australia. The effects of this data have so far been on the side of the AUD as it reportedly holds to a steady trajectory. However, experts remai...
Markets Jittery As Deus Stablecoin (DEI) Loses Dollar Peg
The crypto market, already reeling from the unprecedented collapse of LUNA and the UST stablecoin, received another jolt when Deus Finance’s DEI stablecoin became the latest stablecoin to lose its 1-1...
Is SafeMoon A Billion Dollar Fraud? Coffeezilla Thinks So – Pt.2: Pheonix
A new chapter in the exciting SafeMoon saga. In the previous one, Coffeezilla introduced the story, explained how the token functions, and took us through the first part of the alleged rug pull. This...
Algorithmic Stablecoin From DEUS Finance Loses Dollar Peg, Plunging 30%
DEI, a hybrid algorithmic stablecoin from the DeFi protocol DEUS Finance, lost its dollar peg on Sunday, according to data from CoinMarketCap. The DEI stablecoin currently trades at $0.66 after recov...
Fantom-based DEI Stablecoin Loses Peg to Dollar, Falls 34% in Last 7 Days
33 mins ago | 2 mins read Editors News The lack of liquidity was attributed in part to traders fleeing stablecoin pools. DEI’s price was $0.67 yesterday, down 31.9 percent in the last 24 hours. Stable...
DEUS Finance’s DEI lost its dollar peg value after UST
DEI lost its dollar stake on Sunday as per information from CoinMarketCap It is a half breed algorithmic stablecoin from the DeFi convention DEUS Finance The DEI stablecoin presently exchanges at $0.6...
High inflation and dollar strength: how are they linked?
Financial markets sold off in a massive rout last week, after the publication of elevated US consumer inflation at 8.3% for the month of April. Amid the chaos,the US Senate handed the global monetary...
Gold prices collapse to 14-week lows amid a stronger dollar: what’s next for gold prices?
The above-consensus US consumer inflation print of 8.3% last week, coupled with the Fed’s first 50 bps hike in 22 years resulted in a bloodbath on Wall Street. Investors and traders dumped their posit...
Stable Corp Gets a Lotta Money to Build Canadian Digital Dollar
Stable Corp – a leading Canadian fintech firm and a partner in the development of Canada’s first digital dollar (known as Digital Deposit Receipts or DDR) – has earned more than $1.5 million in growth...
Dollar Gains Near Two-Decade High on Monday
The US Dollar has gained a stronger momentum at the beginning of the week against its peers to near the 20-year high mark. The currency was last seen trading at 104.54 in the index, having crossed 105...
Dollar Firm as Traders Mull Scope for Stock Bounce: Markets Wrap
(Bloomberg) — The dollar was firm Monday while equity futures pointed to the possibility of stock market gains in Asia following a bounce in US shares. Most Read from Bloomberg Contracts rose fo...
Silver Price Prediction – Silver prices recovered as yields and the dollar strengthen
Key Insights Silver prices traded lower as inflation data underpins aggressive rate tightening. Treasury yields soared after the market faced immense selling pressure this week. Oil prices rose on Fri...
Euro Is Sliding Toward Dollar Parity for First Time in 20 Years
(Bloomberg) — Most Read from Bloomberg The euro is on the verge of U.S. dollar parity for the first time in two decades. Europe’s common currency has already slumped to a five-year low near $1.0...
Emirates airline, stung by soaring fuel prices, posts $1.1 billion dollar loss
Aircraft operated by Emirates, at Dubai International Airport in the United Arab Emirates. Christopher Pike | Bloomberg | Getty Images Dubai’s Emirates Airline posted a loss of $1.1 billion in t...
Tether’s market price slips below dollar parity amid ongoing stablecoin woes
Tether (USDT), the largest stablecoin, slipped below $0.96 early Thursday in a further sign of stress in the crypto market. The token dropped to a 24-hour low of $0.956 on FTX as of 3:15 a.m. ET. On ...
Is SafeMoon A Billion Dollar Fraud? Coffeezilla Thinks So – Pt.1: Rug Pull
The Internet’s detective, Coffeezilla, faces his most unbelievable adversary yet. SafeMoon’s story is so ridiculous that it defies all logic. In his “I Uncovered A Billion-Dollar Fraud” video, Coffeez...
AUD/USD Price Forecast – Australian Dollar Continues to Drift Lower
Australian Dollar vs US Dollar Technical Analysis The Australian dollar has fallen somewhat hard during the Thursday session as we continue to see a lot of trouble in this market. The Aussie dollar is...