Crypto markets are stressed from the ongoing FTX scandal, causing the dollar peg of top stablecoin tether (USDT) to wobble on major platforms, including Binance. And just as USDT regained footing afte...
Tag: Dollar
Tether dollar peg sinks 1.7% as FTX-induced turmoil persists
The Tether (USDT) stablecoin showed signs of wavering on Nov. 10, sinking as low as $0.9806 as market uncertainty continues to reign. Source: USDTUSD on TradingView.com The fallout from FTX’s insolven...
Binance retracts purchase offer for FTX; Bitcoin slumps to $15K levels as stablecoins test dollar peg
The biggest news in the cryptoverse for Nov. 9 includes Binance’s decision to not move forward with the potential acquisition of FTX, Bitcoin’s retrace to $ 15,000 levels, and multiple stablecoins dro...
Tron Network USDD Stablecoin Wobbles from Dollar Peg Amid Latest Crypto Crisis
The USDD liquidity pool on the decentralized finance protocol Curve, where users can trade USDD for other stablecoins such as USDT, USDC and DAI, is heavily imbalanced, with USDD accounting for almost...
Tether’s USDT falls 1% below dollar peg amid market uncertainty
USDT, the stablecoin issued by Tether, has fallen 1% below its peg to the U.S. dollar today amid ongoing market turmoil. The largest stablecoin on the market fell to $0.9911 today, according to...
Nigerian Currency Gains Versus US Dollar Days After Tapping All-Time Low – Africa Bitcoin News
Just a few days after plummeting to its worst exchange rate against the U.S. dollar ever, the Nigerian currency was trading at around 820 units for every dollar on Nov. 8, a report has said. An econom...
Hostaged FTX Funds Sold for Pennies on the Dollar in OTC Trades Among Customers
Crypto traders with remaining funds on FTX are attempting to sell their account balances for fractions of their face value. Telegram chats facilitating small over-the-counter (OTC) markets viewed by C...
EUR/USD price prediction as the euro regains parity with the dollar
The EUR/USD exchange rate recovered the lost ground and bounced back above parity. It found support at the round number today before making another leg higher on an important day for market participan...
MIM stablecoin slightly loses dollar parity amid fears of partial FTT backing
The Magic Internet Money (MIM), a stablecoin issued by Abracadabra Money, has slightly lost its parity with the US dollar. The MIM stablecoin fell to as low as $0.95 before rebounding to $0.98 as of 5...
Bitcoin heads to US midterms as research says dollar ‘closing in’ on a market top
Bitcoin (BTC) stayed lower at the Nov. 7 Wall Street open as the day before the United States midterm elections opened to flat equities performance. BTC/USD 1-hour candle chart (Bitstamp). Source: Tra...
Should you buy or sell the US dollar after the biggest reversal day since 2009?
Last week ended with a massive move in the US dollar currency pairs. The dollar’s strength persisted in 2022, but Friday was a massive reversal day – the biggest since 2009. The move is interesting in...
‘Everything is fine’ — Gala Games calls for calm after fears of multi-billion dollar hack
Blockchain gaming company Gala Games urged its community for calm after misplaced fears of a multi-billion dollar rug pull or hack caused the GALA token to temporarily crash 25.6%. The initial panic,...
‘Atomic Settlement’ — New York Fed Completes First Phase of Digital Dollar Experiment Called ‘Project Cedar’ – Bitcoin News
The Federal Reserve Bank of New York has published findings stemming from an experiment dubbed “Project Cedar,” a protocol that uses a wholesale digital dollar in order to improve financial transactio...
Is now a good time to dollar cost average (DCA) into crypto?
Toward the end of 2021, cryptocurrency traders were flying high as the market hit all-time highs driven by strong interest among retail and institutional investors. Fast forward one year, and that ecs...
Popular Crypto Analyst Details Potential Dogecoin Rally, Dives Deep Into the US Dollar Index (DXY)
A popular crypto analyst is looking into the US Dollar Index (DXY), an indicator of the strength of the US dollar. Crypto analyst Justin Bennett tells his 110,500 Twitter followers that the higher-tha...
Fed Completes Test With Digital Dollar, Releases Results
In its New York subsidiary, the U.S. Federal Reserve (Fed) completed the first test of Project Cedar, the initiative testing a central bank digital currency (CBDC). The New York Innovation Center (NYI...
New York Fed completes experiment using on-chain digital dollar
An office within the Federal Reserve Bank of New York has completed a test of a central bank digital currency for wholesale, cross-border transactions, exchanging a U.S. digital dollar with experiment...
Former Fed Chair Alan Greenspan Says Decreasing Supply of Greenbacks Makes the US Dollar a ‘Better Store of Value’ – Economics Bitcoin News
On Nov. 2, 2022, the American economist and 13th chairman of the U.S. Federal Reserve, Alan Greenspan, published an opinion editorial that says he envisions a monetary “tailwind” for the U.S. dollar n...
Ex-Fed Chief Greenspan Sees Dollar With ‘Tailwind’ Into 2023
(Bloomberg) — Former Federal Reserve Chair Alan Greenspan sees a monetary “tailwind” for the dollar in the coming year even in the event that US monetary policymakers slow or halt their current ...
US dollar index (DXY) forecast ahead of the Fed rate hike
The US dollar index (DXY) has crawled back in the past few days as investors focus on the upcoming interest rate decision by the Federal Reserve. It rose to a high of $111, which was the highest point...
Stocks This Week: Buy Dollar Tree Stores
Photo by: Michael Siluk/UCG/Universal Images Group via Getty Images UCG/Universal Images Group via Getty Images November is usually strong in months that are two years past an election. Here is how th...
Bitcoin And The Dollar Reach Inverse Inflection Points
In this episode of NewsBTC’s daily technical analysis videos, we examine Bitcoin price following the October monthly close and new November candle open. Take a look at the video below: VIDEO: Bitcoin ...
Goodyear stock falls 11% after Q3 results disappoint on inflation, stronger dollar
Goodyear Tire & Rubber Co. GT, -15.31% shares fell 11% in the extended session Monday after the tire maker reported third-quarter earnings below Wall Street expectations and said “challenges...
Bitcoin Rally Weakens as US Dollar Rises in Fed Week
A rebound in the US dollar index reflects traders’ hopes of Fed pivoting in the week’s interest-rate decision, but Bitcoin remains underbid. Bitcoin showed an impressive performance last week as the f...
HUSD Stablecoin Drops 56% From Dollar Peg Following Huobi Delisting
Fresh data according to CoinMarketCap shows that HUSD stablecoin has fallen massively from its $1 peg, dropping to a low of $0.32 following delisting from crypto exchange Huobi on Friday last week. At...
Another stablecoin is struggling to maintain parity with U.S Dollar HUSD continues to trade below $1
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Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar – Economics Bitcoin News
Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia a...
Creation Of A CBDC Not Important For The Long-Term Status Of The US Dollar, Says Fed Board Member ⋆ ZyCrypto
Advertisement     The creation of a US Central Bank Digital Currency (CBDC) before other major jurisdictions is not essential for the long-term status of the US Dollar...
Bitcoin’s Proponents Promise a Future That It Cannot Provide
In World War II’s aftermath, Germany was in desperate shape. To say that words don’t measure up to the country’s devastated state is a good example of understatement. All the post-war rubble alone, if...