Neutrino Dollar (USDN), a stablecoin issued through Waves-backed Neutrino protocol, lost its U.S. dollar-peg on April 4 amid speculations that it could become “insolvent” in the future. US...
Tag: Dollar
U.S. Credit Reporting Firms Aim to Magically Make Us Taller
The bureaucrats at the Bureau of Weights and Measures are so stingy. Their unwillingness to shrink the foot means none of us can grow. If they would just cut the foot in half, we could all be 12 feet ...
RBA’s Decision on Hikes Will Influence the Australian Dollar
The Australian economy is stronger than before, but the Australian Dollar is testing tides against the national resistance level. Fundamentals have held their ground as the Australian Dollar is backed...
IMF Warns Russia Sanctions Threaten to Undermine US Dollar Dominance – Finance Bitcoin News
Financial sanctions imposed on Russia over its invasion of Ukraine may result in reduced dominance of the U.S. currency, according to a high-ranking official at the International Monetary Fund (IMF). ...
Is the Us dollar index a buy ahead of March NFP data?
The US dollar index (DXY) rose slightly on Friday as investors waited for the upcoming non-farm payrolls (NFP) and manufacturing PMI data. It is trading at $98.44, which is higher than this week’s low...
Ringleader Of ‘Great Canadian Maple Syrup Heist’ Ordered To Pay Multi-Million Dollar Fine
Topline The Canadian Supreme Court on Thursday ordered the convicted ringleader of an early 2010s scheme that made off with about one-eighth of Quebec’s strategic maple syrup supply to pay a fin...
Buy Dollar General for consistency and Dollar Tree for high-risk, high-reward, Jim Cramer says
CNBC’s Jim Cramer on Thursday said investors who value consistency should buy Dollar General while risk-takers should purchase Dollar Tree. “If you want a consistent operator that doesn...
US ready for the digital dollar?
A group of US Congressmen has introduced the Electronic Currency and Secure Hardware (ECASH) Act in the Senate. The bill would establish the Electronic Currency Innovation Program (ECIP) to oversee pi...
Robert Kiyosaki Warns US Dollar might Collapse –
Robert Kiyosaki advises people to buy BTC, ETH, & SOL He is the author of the famous book Rich Dad Poor Dad He fears that National debt to go through the roof The renowned writer of the top of the...
Nathan Lewis’s ‘The Magic Formula’
The economic discussion would be greatly improved if it were passably understood that what we call “the economy” isn’t some living, breathing machine that can be engineered. An “economy” is just peopl...
A Digital Dollar May Help the Poor, but It’s Far From a Done Deal
A report earlier this month from the Brookings Institution written by Tim Massad, a former chairman of the Commodity Futures Trading Commission, and Howell Jackson, a Harvard Law School professor, sai...
Congress Is Discussing a Digital Dollar Pilot. It’s Not What You Think
In brief The ECASH Act seeks to pilot a digital dollar led by the Treasury Department. The electronic currency would not use digital ledger technology. Quick. What’s the first thing you know abo...
U.S. Politicians Propose Bill for a Non-Blockchain-Based Digital Dollar – crypto.news
Members of the U.S. House of Representatives including Rep. Stephen Lynch (D-Mass), Rep. Jesus G. Chuy Garcia (D-Ill.), Rashida Tlaib (D.Mich.), and others, have on March 28, 2022, introduced the Elec...
Debt Crisis Grips Russia’s Most-Loyal Ally as Dollar Bonds Dive
(Bloomberg) — With all the focus on the risk of default by Russia, an even more spectacular collapse has gone largely unnoticed right next door: There’s a bond crisis brewing in Belarus, which h...
Biden Administration Lowballs Inflation Predictions, Report Says Americans Are ‘Fixated’ on Dollar Value – Economics Bitcoin News
As inflation continues to wreak havoc on American wallets, the U.S. dollar’s lack of purchasing power has been affecting nearly every U.S. resident’s spending decisions. On Monday, U.S. president Bide...
House Committee Chair Proposes a bill to create a new digital currency “E-cash digital Dollar”
TL;DR Breakdown The chairman of the House Financial Services Committee’s fintech task force has introduced a bill to establish E-Cash digital currency. Under Lynch’s plan, no blockchain or internet co...
US Lawmakers Introduce ‘ECASH Bill’ Aimed at Creating Digital Dollar
A group of U.S. lawmakers announced Monday that they introduced a law bill that calls for developing an electronic version of the U.S. dollar that has the same privacy expectations and legal status as...
DXY: US dollar index forecast as the yield curve inverts
The US dollar index retreated slightly on Thursday morning even after the bond market started issuing warning signs about the economy. The DXY is trading at $99, which is a few points below its highes...
Gold price forecast as BOJ bond purchases strengthens US dollar
Gold price has begun the new week in the red amid a strengthening US dollar. The BOJ’s second offer to purchase unlimited bonds has boosted the greenback. Strong US dollar As is the case with other ...
IMF’s conflicting views on sanctions, dollar reserves, and the dangers of Bitcoin
In an interview with Foreign Policy, IMF’s managing directors Kristalina Georgieva and Gita Gopinath shared their views on the impact Russia’s war on Ukraine has on the financial market. The two women...
PhDs Killed Off the Gold Standard In 1971, Not ‘Guns & Butter’
It’s not very well known, but for much of the U.S.’s existence the dollar was linked to gold without any significant stock of gold as backing. This was logical. David Ricardo was clear that a gold sta...
US Dollar Continues to Move in a Parabolic Manner
US Dollar vs Japanese Yen Weekly Technical Analysis The US dollar has gone parabolic against the Japanese yen over the past week as you can see, reaching the ¥122.50 level. This is an area that more l...
US Dollar Continues Parabolic Run Against Japanese Yen
If this market does not pull back soon, the fall will be catastrophic. These moves never end well, and therefore I am not willing to buy it all the way up here. The pair certainly is moving on both te...
What It Would Take for the U.S. Dollar to Collapse
Ever since the launch of quantitative easing (QE), worried investors have asked: “Will the U.S. dollar collapse?” It is an interesting question that might superficially appear plausible, b...
Andre Cronje Jeopardize Billion dollar Defi project
Andre Cronje and Anton Nell have stepped down from his role as a “contributor” to the Defi- caused user cash to vanish from liquidity pools. Nell announced the decision by saying that about 25 decentr...
ANZ issues $30m stablecoins pegged to the Australian dollar
TL;DR Breakdown Australia and New Zealand Banking Group (ANZ) becomes the first Australian bank to mint stablecoins. ANZ teamed up with crypto custodian Fireblocks and they have minted $30 million sta...
A$DC rocks the Aussie dollar as ANZ bank mints first AUD stablecoin
Big 4 bank ANZ has become the first Australian bank to mint an Australia dollar (AUD) pegged stablecoin named “A$DC.” But rival bank NAB also has its own stablecoin project which is expected to launch...
ANZ Becomes The First Bank To Mint Australian Dollar Stablecoin
ANZ Bank has launched a stablecoin tethered to the Australian dollar, lowering the risk associated with digital asset purchases and encouraging more clients to use crypto. It is the first time an Aust...
Solana Stablecoin Project Cashio Plummets to Zero After Multi-Million Dollar Hack
The price of Cashio’s dollar-pegged stablecoin CASH has fallen from $1 to $0.00005 after an “infinite mint glitch” enabled attackers to mint tokens without providing collateral. Cash...
Asia-Pacific Market Rally Expected to Push the Australian Dollar
The overnight fluctuations on the Australian dollar seem to put things into perspective for investors. The AUD/USD pair has seen a significant hike that brought the currency to the $0.75 level. The Au...
Robert Kiyosaki Forecasts The Demise Of The US dollar Claiming That The Conflict Has Paved Way To Cryptocurrency As Just A Better Refuge Than Fiat Currency
The US dollar is losing its dominance. What is occurring with the US dollar right now is the death of the US dollar, Rogers observed, because an international currency is meant to be neutral, but Wash...