The Gemini Dollar (GUSD) has been experiencing some fluctuations, with the stablecoin losing its peg over the past week. The exchange is currently the center of attention for its Gemini Earn program. ...
Tag: Dollar
US dollar index (DXY) forecast: consumer confidence, FOMC, NFP data
The US dollar index (DXY) has crawled back this week ahead of the upcoming US consumer confidence data, FOMC decision, and non-farm payrolls (NFP) data. After falling to $101.58 last week, the index h...
BRICS challenges U.S. dollar, can it have an impact on Bitcoin as well?
Bitcoin may be thrust into unchartered territory as BRICS challenges the U.S. dollar. Assessing the potential outcome for Bitcoin if BRICS succeeds. An interesting thing is happening in the global are...
Fasttoken (FTN) Secures Multi-Million Dollar Investment to Advance Its Web 3 Ecosystem
Fastex raises $23.2 million in a token generation event (TGE) last week. Funds will be used in accelerating development and community growth. Fasttoken (FTN) is the utility token in Fastex’s expansi...
NFT Collection The Million Dollar Punk Draw Price, Stats, and…
The home of 150 tickets for The Million Dollar Punk Draw. Each ticket = 1 cryptopunk from this account: https://www.larvalabs.com/cryptopunks/accountInfo?account=0x35388ccc67ff3a5e0677a36ce9fcd8168b03...
US dollar index (DXY) pattern points to a comeback soon
The US dollar index (DXY) has been under intense pressure as global investors embrace a risk-on sentiment. It was trading at 101.85, which is a few points above the year-to-date low of 101.55. The ind...
Circle says USDC ‘is a dollar with super powers’ at WEF, pushes for more inclusion
USD Coin (USDC) founder Circle attended the World Economic Forum (WEF) to explain “why USDC is a dollar with super powers.” The WEF took place between Jan. 16 and Jan. 20, 2023, in Davos and hosted ov...
A Trillion Dollar Coin, is it Coming? – Trustnodes
Paul Krugman is for it. “Money is a social contrivance,” he said back in 2013, just months before calling bitcoin “evil” for being a social contrivance according to him. The Modern Monetary Theorists ...
US Dollar Slips After Fed Officials Make Case for Slower Hikes
(Bloomberg) — The US dollar is eyeing a fresh low for the year as soft economic data and dovish comments from Federal Reserve officials suggest the central bank may be on the verge of slowing th...
Dollar General Launches Health Clinics
As the world embraces recession headwinds, companies globally are exploring new avenues to create value for customers, increase revenue, and monetize their services. Healthcare, in particular, is at a...
Gold and silver boom predicted as US hits debt ceiling, dollar devalues
Ongoing inflationary pressures and increasing risk the federal government could default on its loans will likely see Wall Street traders rush to precious metals in 2023. The U.S. hit its $31.4 trillio...
Saudi Arabia just said they are now ‘open’ to the idea of trading in currencies besides the US dollar — does this spell doom for the greenback? 3 reasons not to worry
Saudi Arabia just said they are now ‘open’ to the idea of trading in currencies besides the US dollar — does this spell doom for the greenback? 3 reasons not to worry The 2023 World Econom...
Digital Dollar Project alerts on US careful appeal to CBDCs
The digital Dollar Project stated on January 19 that, “The U.S may have initiated to other nations in global siting standards for the future of money” related to the central bank digital currencies, b...
Crypto May Overtake the Dollar Says JP Morgan – Trustnodes
JP Morgan, one of the biggest bank in the world has put down crypto as a possible challenger to the USD in its 2023 outlook report. The 2023 Long-Term Capital Market Assumptions report with a 10- to 1...
More Homes In The U.S. Are Purchasing Food From Dollar Stores Over Past 15 Years, Study Finds
Topline Dollar stores are the fastest-growing food retailers for homes in the U.S., according to a study published in the American Journal of Public Health Thursday, as more households shift away from...
Digital Dollar Project pushes US cooperation on CBDC
An updated version of “Exploring a US CBDC,” a white paper by The Digital Dollar Project (DDP), was made available on Jan. 18. Even though the project’s primary focus is the United States, it has expa...
Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization – Economics Bitcoin News
After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The stateme...
Equities Stall; Dollar Gauge Weaker Despite Yen: Markets Wrap
(Bloomberg) — European stocks and U.S. equity-index futures gave up their gains as investors remained on the edge over the direction of monetary policy and corporate earnings. The yen tumbled ag...
China Driving Dollar More Than Fed Hikes, BofA Strategists Say
(Bloomberg) — While much of the focus in currency markets right now is how the prospect of slowing Federal Reserve rate hikes has helped fuel dollar weakness, the biggest factor may be across th...
Bahamian CBDC, Sand Dollar Struggling after FTX-Collapse
The involvement of Bahamian authorities in the FTX-saga is questionable in itself. Their complicity hampered their CBDC, Sand Dollar. Project manager blames pandemic for slow growth. The once third ...
FTX fiasco hits Bahama Sand Dollar adoption
After FTX blew up, the Bahama Sand Dollar couldn’t maintain its momentum. Bahamian authorities have blamed the FTX implosion and the Covid-19 pandemic as contributing factors to the slow adoption rate...
Bitcoin could see $25K by March 2023 as US dollar prints ‘death cross’ — Analysis
Bitcoin (BTC) shows the potential of stretching its ongoing price recovery to $25,000 by March, based on a mix of bullish technical and macro indicators. Bitcoin price exits descending channel range F...
Dollar Declines, Yen Gains; Equities Erase Advance: Markets Wrap
(Bloomberg) — The dollar declined while stocks traded mixed as investors weighed expectations for easing inflation that have fueled January’s rally in riskier assets. Most Read from Bloomberg Th...
Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime – Africa Bitcoin News
The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months a...
As U.S. dollar stumbles, Japanese yen is ‘hottest story in town’. Here’s why.
It’s the comeback currency. The Japanese yen, among the world’s worst-performing major currencies in 2022, roared back to a seven-month high versus a now-reeling U.S. dollar on Friday, as traders bet ...
Crypto Analyst Says Today ‘Feels Like a Significant Moment’ for Markets, Breaks Down Bitcoin and US Dollar Index
A widely followed crypto trader says he feels the markets are facing a “significant” moment with the US dollar signaling weakness. Crypto strategist Justin Bennett tells his 111,700 Twitter followers ...
The Absurdity of the ‘Predatory Lending’ Narrative Seen Through the Prism of Retirement
“He who understands it, earns it; he who doesn’t, pays for it.” The previous words are said to be those of Albert Einstein commenting on the genius of “compound interest,” but it’s difficult to find r...
Brazilians Turn to Stablecoins as Alternative to US Dollar for Hedge Against Volatility – News Bitcoin News
Brazilians are turning to stablecoins as a way of shielding themselves from the volatility of economic circumstances. This is happening now in the wake of the inauguration of the new government of Lui...
Netflix stock jumps 4% as Goldman Sachs boosts estimates amid weakening dollar
Netflix (NFLX) stock rose nearly 4% on Tuesday after Goldman Sachs boosted its estimates for the streaming giant amid a weakening U.S. dollar, extending a recent winning streak for shares of the strea...
What happens to Tether, stablecoins in the event of dollar collapse?
Over the past decade, private cryptocurrencies have emerged as the latest iteration of money. This is especially true for stablecoins, which Harvard Business Review deemed “a private form of money,” o...