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Financial Analyst Peter St Onge States Saving the Dollar Is Easy: Return to the Gold Standard
17.8.2024
Peter St Onge, an economist and financial analyst, has explained his proposal to save the U.S. dollar from crumbling under the current central banking system. St Onge proposes returning to the gold standard, backing the total dollar issuance with gold at current prices and mandating the Treasury...
Is Bitcoin price going to crash again?
16.8.2024
Most long-term Bitcoin holders are currently in a profitable position, which heightens the likelihood of profit-taking and sending BTC prices lower
Does Hong Kong have issues with USDT and USDC? OSL exec weighs in
16.8.2024
As Hong Kong looks into creating HKD and USD stablecoins, a local industry executive has addressed possible implications for stablecoins like UDST and USDC
While Useful, Bitcoin Will Not Replace the U.S. Dollar, Russian Analyst Warns
16.8.2024
Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated that, while some cryptocurrencies present interesting opportunities as payment tools...
$2.3 Billion in Dollar, Euro Bills Shipped to Russia Despite Ban
14.8.2024
Despite Western restrictions imposed after Russia invaded Ukraine, billions of dollars and euros in banknotes have flowed into the country. This suggests that Russia has found ways to circumvent these restrictions. Despite official efforts to reduce reliance on foreign currency, Russian citizens...
BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert
14.8.2024
The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored...
Solana whale continues $84M dump with $2.8M sale
13.8.2024
The Solana whale employed a dollar-cost averaging strategy, gradually selling tokens over time rather than making a single, large transaction
Price analysis 8/12: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
12.8.2024
The S&P 500 Index is extending its recovery, boosting buying in Bitcoin and select altcoins in the near term
Price analysis 8/12: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
12.8.2024
The S&P 500 Index is extending its recovery, boosting buying in Bitcoin and select altcoins in the near term
Economist Art Laffer Slams US Economic Policies, Warns of Dollar’s Decline as Global Reserve Currency
10.8.2024
Economist Art Laffer, known for his work on supply-side economics, has expressed concerns over the future of the U.S. dollar in a recent interview. Laffer argues that current U.S. economic policies are leading to the dollar’s decline, making it less attractive as a global reserve currency....
Elixir’s Yield-Bearing DEUSD Stablecoin Sees 12,071% Growth in 24 Hours
8.8.2024
Yield-bearing stablecoins are gaining traction, with the modular DPoS network Elixir recently introducing a new stablecoin, DEUSD, that offers holders the opportunity to earn returns from the crypto asset. Since Aug. 7, DEUSD’s market value has grown from $952,443 to $115.92 million....
Ethiopia Announces Launch of Forex Auction Sale Days After Birr Float
8.8.2024
The National Bank of Ethiopia (NBE) said it will conduct a special foreign exchange auction on Aug. 7. The Ethiopian central bank envisions similar auctions in the coming weeks, depending on market conditions. The NBE said banks keen on participating must submit their bids on the date of the sale....
Zimbabwe to Unveil De-Dollarization Roadmap, Says Government Official
8.8.2024
The Zimbabwean Cabinet has approved a de-dollarization roadmap outlining “modalities to operationalize the Zig currency as legal tender for use in the economy.” Zimbabwean officials have set early 2026 as the new deadline for making the Zig the country’s sole currency. The central bank...
Crypto coalition calls for ‘clear rules of the road’ from Biden, Harris
8.8.2024
Some of the CMIC members in support of the letter include Robinhood, BitGo, OKX, Gemini, Chainalysis, Elliptic, TRM, Kaiko and Matrixport
De-Dollarization Faltering in Africa Because Citizens Lack Confidence in Their National Currencies
7.8.2024
Despite clearly articulating reasons for de-dollarization in the Global South, African leaders will struggle to convince residents to embrace national currencies without changing economic management practices. People often lose confidence in a currency when a central bank excessively prints money...
Bitcoin trading volume recorded post-halving ATH as crypto market bled
6.8.2024
Bitcoin trading volumes reached unprecedented levels amid market turmoil, while crypto hackers capitalized on discounted Ether
Feasibility of Trillion-Dollar Platinum Coin Discussed by US Government, FOIA Documents Show
5.8.2024
The trillion-dollar coin, an idea that surged as a solution to raising the U.S. debt ceiling on more than one occasion, was recently revealed to have been considered by the government several times. Memos obtained via FOIA requests by journalist Jason Leopold show that, even though it...
Price analysis 8/5: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
5.8.2024
Global equity markets witnessed a massive sell-off, pulling Bitcoin and several major cryptocurrencies to unexpected lows
Nigeria Acts to Stabilize Currency with Forex Auction
4.8.2024
The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the local currency. The CBN has called on authorized dealer banks to share their respective lists of outstanding forex demand by end users. Auction System Aims to Mitigate...
Ethena Labs’ USDe launches as margin collateral on Bybit with 20% APR
2.8.2024
The integration will also offer Bybit users daily airdrop rewards for holding Ethena's USDe