Bitcoin traders have shocked the market this Friday. The Bitcoiners have drained more than a couple of billion dollars worth of BTC over the past 24 hours. It is noted that the coins have been drained...
Tag: Dollars
Will the Ukraine crisis break the dollar’s grip on world trade? — Quartz
Russia’s invasion of Ukraine and the economic warfare that followed have reopened the question of whether the dollar’s trade dominance is drawing to an end. What would it take for global commerce to t...
CEO Behind $50 Billion Stablecoin Explains Why Not All Digital Dollars Are Created Equal
Circle CEO Jeremy Allaire Circle Financial Jeremy Allaire is CEO of Circle, one of the primary issuers of the dollar-pegged USD Coin, one of the fastest growing stablecoins in the world. With a market...
Broadband Proposals Could Jeopardize Taxpayer Dollars In A State That Is No Stranger To Such Boondoggles
Aerial view of a cell tower in a rural area getty In all of the U.S., some of the most egregious examples of taxpayer dollars being wasted on government-run broadband ventures have come out of Tenness...
Proposed Bill Would Require Stablecoins to Be Backed by Dollars, Government Securities
In brief The Stablecoin Transparency Act would require stablecoins to be fully backed by dollars or short-term government securities. Stablecoin issuers would also have to publish audited reports. Rem...
The U.S. Dollar’s Dominance Is Being Stealthily Eroded
(Bloomberg) — The dollar’s share of global reserve currencies has been in steady decline over the past 20 years as central banks turn to nontraditional currencies, including the renminbi, to div...
Cardano Outperforms Market With A Blistering 40% Jump As TVL Nears Half A Billion Dollars ⋆ ZyCrypto
Advertisement     Cardano’s ADA has been on a roll in recent weeks. ADA has actually outperformed other major cryptocurrencies as it remains on a solid uptrend. Its mo...
Russian lawmaker floats bitcoin as payment option for energy exports as the country moves away from euros and dollars
A senior lawmaker in Russia’s State Duma has expressed openness to selling the country’s energy in Bitcoin, following major moves away from the dollar and euro. Pavel Zavalny, who heads th...
Billions of Dollars in Bitcoin and Ethereum Moved Off Exchanges in the Past Two Weeks
Data shows that large amounts of Bitcoin and Ethereum have been moved out of exchanges in the past 15 days, approximately 61,000 BTC and 151,000 ETH. The transfer of funds out of exchanges indicates t...
Man Faces Considerable Jail Time After Committing Crypto Fraud Worth Thousands Of Dollars ⋆ ZyCrypto
Advertisement     The US Department of Justice announces the conviction of a man that pilfered thousands of dollars in cryptocurrencies. The scheme involved posing as ...
How Anchorage is helping hedge funds custody hundreds of millions of dollars in NFTs
As Mónica explained during an interview on The Scoop with host Frank Chaparro, there are two main reasons he believes institutions are expressing interest in NFTs: “The first one is that it’s free mar...
Usurping Dollar’s Dominance an Impossible Task, Fund Giants Say
(Bloomberg) — Dethroning the dollar is easier said than done. Most Read from Bloomberg That’s the conclusion of investors after the breaching of Fortress Russia created fresh impetus among centr...
A ‘Petroyuan’ Could Further Shake the Dollar’s Dominance
In the latest sign the dollar-centric global financial system is under immense strain, China and Saudi Arabia have “accelerated” ongoing talks to price oil contracts in yuan instead of greenbacks, acc...
96% want vacation dollars to further sustainability goals, says survey
Forty-eight percent of respondents told Kind Traveler their greatest challenge in traveling sustainably is finding accommodations that are both “sustainable and socially conscious.” Klaus ...
Kevin O’Leary Says Billions of Institutional Dollars To Enter NFT Sector After Overcoming Three Big Challenges
Famous Shark Tank investor Kevin O’Leary says that blue-chip investors are waiting in the wings with billions of dollars that could see their way into the non-fungible token (NFT) space. In a new vide...
Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales
Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global pet...
Hedge Funds Are Quietly Investing Billions Of Dollars Towards Bitcoins, Ether, And Other Cryptocurrencies, According To One Latest Study
Hedge fund Brevan Howard launched a new flagship vehicle called BH Digital in January, claiming growing demand. The fund, which manages slightly more than $250 million, also stated that the new unit i...
Russians Liquidating Billions Of Dollars In Bitcoin In The UAE: Report ⋆ ZyCrypto
Advertisement     With G7 nations tightening the sanctions noose around Russia and its western-based Oligarchs, the latter has been increasingly exploring ways to empt...
A Billion Dollars a Day, Foreigners Keep Selling India Stocks
(Bloomberg) — India’s $3.2 trillion stock market is witnessing an unprecedented foreign selloff as the surge in oil prices fuels worries of an inflation shock in the major energy-importing natio...
Mainstream Hedge Funds Silently Pouring Billions of Dollars Into Bitcoin, Ether, Crypto: Report ⋆ ZyCrypto
Advertisement     Despite the ongoing geopolitical tensions sapping retail traders’ appetite for risk, mainstream hedge funds have been loading up in the past four mon...
Kevin O’Leary Owns Millions of Dollars Worth of Crypto
Alex Dovbnya Kevin O’Leary has doubled his exposure to cryptocurrencies since November, according to his latest interview with CNBC During a recent interview with CNBC, Canadian investor Kevin O...
BTC Rebounds to $40K as Hedge Funds Pour Billions of Dollars into Crypto: Details
Tomiwabold Olajide Hedge funds pour billions of dollars into cryptocurrency, bringing BTC back to $40,000 According to recent reports, some of the largest hedge funds are increasing their holdings in ...
‘Extremely Destructive’ Russian Cyberattacks Could Cost U.S. Billions Of Dollars In Economic Damage, Goldman Warns
Topline As Russia’s invasion of Ukraine escalates tensions with the U.S. and its allies, economists at Goldman Sachs are warning either side could resort to malicious cyber activity targeting companie...
Gazprom Is Said to Make $1.3 Billion Debt Payment in Dollars
(Bloomberg) — Some holders of a $1.3 billion Gazprom PJSC bond due Monday said they received payment in dollars, even after Russian President Vladimir Putin gave issuers the option of repaying foreign...
Andre Cronje Quits DeFi, Leaving Projects Worth Billions of Dollars in Jeopardy
Andre Cronje has quit “contributing” to the DeFi and cryptocurrency sectors, days after his new project faced criticism over a security flaw that allegedly caused user funds to disappear from liquidit...
Bitcoin Price Rally to Weaken the Dollar’s DXY Index, When Will BTC Price Hit $50K?
Bitcoin price had recovered from the recent price slash that occurred due to the Russia-Ukraine conflict. The price had almost smashed $45,000 but failed to sustain above these levels and is currently...
Anonymous offers thousands of dollars in Bitcoin for surrendered Russian tanks
Anonymous, a well-known cyber group, is said to have offered Russian troops bitcoin in exchange for their tanks. For each surrendered military vehicle, the gang would pay more than $52,000 in BTC. The...
As gaming guilds raise billions of dollars, who will be the next YGG?
According to Footprint Analytics, the gaming sector has attracted a large number of investors since September, with funding reaching a peak of $1.3 billion in November. GameFi is attracting attention ...
SWIFT Ban Means the Fed May Need to Be Ready With Dollars
(Bloomberg) — The decision to exclude various Russian lenders from the SWIFT messaging system could result in missed payments and giant overdrafts within the international banking system and spu...
Opinion: Sanctioning Russia is a masterstroke that will cement the dollar’s dominant role in world affairs
LONDON (Project Syndicate)— The savage fighting in Ukraine has led many to wonder whether Russian President Vladimir Putin’s supposed strategic brilliance is all that it was chalked up to be. Though P...