Crypto banking is on the edge of crossing the threshold tipping point towards mainstream adoption in usage. The industry, while still somewhat experimental and risky, is getting close to the point whe...
Tag: Dollar
Dollar Dips in Front of a Flattened US Yield Curve in Cbanks’ Big Week
The weekend proved to be fatal for the US dollar as the currency dropped from its one-and-a-half-year high testing. The primary reason behind the dip was the Fed’s comments regarding the interest rate...
Stocks Face Hurdles From Fed, China; Dollar Firm: Markets Wrap
(Bloomberg) — Asian stocks were mixed and U.S. equity futures slipped Monday after a Federal Reserve official flagged the possibility of sharper interest-rate increases and Chinese data signaled...
First Mover Asia: Bearish Crypto Sentiment Continues as Dollar Strengthens
Good morning. Here’s what’s happening: Market moves: Bitcoin extends drop before rising slightly; Crypto Twitter was dominated by the DeFi Wonderland drama. Technician’s take: BTC’s upside...
Is the US Dollar index a good buy ahead of Fed decision?
The US dollar index (DXY) pulled back slightly in the overnight session as investors waited for the upcoming interest rate decision. The index is trading at $95.90, which is a few points below this we...
AUD/USD: Australian dollar bounces back after strong inflation data
The AUD/USD price tilted higher on Tuesday morning after the latest Australian consumer inflation data. The pair is trading at 0.7146, which is slightly above Monday’s low of 0.7090 ahead of the upcom...
U.S. Digital Currency Could Preserve Dollar Supremacy: Bank of America
In brief The Bank of America has spoken about the benefits of a U.S. central bank digital currency in a new report. It said one could be released as soon as 2025. Central bank digital currencies are &...
Will Fed Digital Dollar Replace Stablecoins Or Would Both Coexist?
If Congress were to authorize and the Fed were to pursue a central bank digital dollar, is there anything about that which ought to disqualify a well-regulated privately-issued stablecoin from coexist...
The Fed’s proposed CBDC: a dystopian nightmare or a necessary evolution of the dollar?
The U.S. Federal Reserve has taken its first step towards issuing a central bank digital currency (CBDC). And while a digital dollar is still years away even if the Fed decides to move forward with th...
Does a Fed digital dollar leave any room for crypto stablecoins?
During Jerome Powell’s Jan. 11 United States Senate confirmation hearings, Sen. Patrick Toomey posed a question to the incumbent-and-future Federal Reserve chief: “If Congress were to authorize and th...
Here’s why the Fed isn’t very optimistic about a U.S dollar CBDC despite benefits
After being in the pipeline for quite some time, the U.S Federal Reserve’s white paper on the development of central bank digital currency (CBDC) was finally released on Thursday. The Fed has stated i...
The Fed opens the debate on the digital dollar
The US Federal Reserve (Fed) last Thursday published a paper entitled “Money and Payments: The US Dollar in the Age of Digital Transformation”. The paper opens an initial public debate on whether or n...
U.S. Fed Releases New Whitepaper for CBDC Digital Dollar, Kickstarts Debate
On Tuesday, January 20, the U.S. central bank aka the Federal Reserve kickstarted the debate about the central bank digital currency (CBDC) aka Digital Dollar by releasing a new whitepaper. This is qu...
Fed Says Digital Dollar Could ‘Fundamentally Change’ The U.S. Financial System—But It’s Not Ready To Issue One Yet
Topline The Federal Reserve on Thursday released its highly anticipated report on the prospect of minting a central bank digital currency, or CBDC—outlining potential benefits and drawbacks of what co...
Key Highlights from Fed’s Report on Digital Dollar
Alex Dovbnya The Fed says that a US CBDC might help preserve the dollar’s hegemony The U.S. Federal Reserve has released its much-awaited research paper that explores the viability of launching a cent...
Fed releases long-awaited study on a digital dollar, but doesn’t take a position yet on creating one
Federal Reserve Board Chairman Jerome Powell speaking at a re-nomination hearing of the Senate Banking, Housing and Urban Affairs Committee, on January 11, 2022, in Washington, DC. Pool / Getty The Fe...
High Oil Prices Boost Commodity Currencies, Dollar Rally Stalls
An overnight change of fortune has resulted in a hike in commodity currencies like Canadian and Australian dollars. The hike was caused by a sudden surge in the price of oil which in turn supported th...
Shiba Inu, Ether, and DOGE Are Slowly Eating Into Bitcoin’s Multi-Billion Dollar Payments Sphere ⋆ ZyCrypto
Advertisement     Altcoins and stablecoins have downsized Bitcoin’s dominance as a means for paying for goods and services online by 27%. This is according to a new re...
DXY: US dollar index forms break and retest as bond yields surge
The US dollar index (DXY) jumped sharply as investors focused on the ongoing bond sell-off in the United States. It rose to $95.70, which is about 1.25% above the lowest level last week. Bond sell-of...
Dollar Fails To Catch A Lift From Higher Yields, Bank Of Japan In Focus
Bank of Japan’s meeting on January 18, 2022, has come out as a turning point for the current month. Two issues were discussed with the main emphasis on the Bank of Japan committing to fix its monetary...
Chinese police unearth multi-million dollar DeFi rug pull
Beijing’s crackdown on crypto continued with the start of the new year as Chinese police froze nearly 6 million yuan ($1 million) worth of crypto and arrested eight people involved with it. As per a ...
Myanmar Democracy Group Look to Tether After Failure of Myanmar Dollar Project
As the military seized control of the issuance of currency in Myanmar in 2021, the citizens responded by taking to the stablecoin Tether for peer-to-peer transactions and cross-border remittances. A r...
Dollar Stores, Big Lots, Off-Pricers Will Open Thousands Of Stores In 2022
Nobody will open as many new stores this year as Dollar General…but some other retailers will come … [+] close. (Photo by Justin Sullivan/Getty Images) Getty Images As the new year starts,...
Why a falling dollar signals ‘markets are in wonderland’ over inflation and Fed
The U.S. dollar is offering up an early 2022 head scratcher: Why does the currency keep falling even as traders aggressively pencil in as many as four interest rate increases by the Federal Reserve th...
Dollar Up, U.S. Inflation Likely to Have Minimal Impact on Fed Policy
The United States Dollar(USD) showed upward momentum in the market on Thursday. Especially in the Asian market, the greenback currency has climbed back up after plunging into new depths. The federal p...
Powell Says Private Coins Could Compete With Fed Digital Dollar
MarketWatch 5 different types of financial planners, and which one might be right for you According to 2020 data from the U.S. Bureau of Labor Statistics, there are more than 218,000 personal financia...
$6 Billion Dollar Asset Backed Security Token DiGau Started Trading On CryptoSX Today
MANILA, PHILIPPINES / ACCESSWIRE / January 11, 2022 / CryptoSX Digital Asset Exchange proudly announces the debut trading of the world’s largest STO, Dignity Corp. native token, DIGau on CryptoSX toda...
Why This World Chess Champion Believes Bitcoin Is Very Likely To Replace The Dollar Within A Decade ⋆ ZyCrypto
Advertisement     Key Takeaways Russian Chess grandmaster Garry Kasparov says Bitcoin and crypto could replace the dollar. Cryptocurrencies are a tool for achieving hu...
Dollar Conviction Better Signaled by EURUSD Windup Than GBPUSD and USDCAD Breaks
As the speculative exclusivity of the top-performing US indices fades, we are moving into Wednesday trade with larger participation in the ‘risk on’ wave but a slowdown in the speed of the top-perform...
Should you buy the dollar index ahead of US inflation data?
The US dollar index (DXY) crossed an important support level after the latest testimony by Jerome Powell, the Federal Reserve chair. It is trading at $95.55, which is about 1.50% below the highest lev...