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De-Dollarization: Russia Removing All US Dollar Assets From Its $600 Billion National Wealth Fund
5.6.2021
Russia has reportedly announced that U.S. dollar assets will be removed from its National Wealth Fund as U.S. sanctions on Moscow intensify. The fund, which currently totals about $600.9 billion, forms part of Russia’s gold and currency reserves. Russia Steps up De-Dollarization Efforts...
Forget Elon, here's why Bitcoin traders should be watching the US Dollar Index instead
4.6.2021
The U.S. dollar index recorded its best daily performance in almost nine months just as the BTC/USD exchange rate fell following Elon Musk's cryptic tweet
Ron Paul Wants Bitcoin Totally Legalized to Compete With Dollar and Let the People Decide
3.6.2021
Former U.S. congressman Ron Paul says that he wants to legalize the dollar’s competition, including bitcoin, and let the people decide which money to use, not the government. “Freedom of choice will sort it out,” he said. Ron Paul Wants to Legalize Bitcoin as Money to Compete With...
Andreessen Horowitz Discusses Raising Third Crypto Fund to $2 Billion, Sources Say
31.5.2021
In May 2020, back when the crypto economy was still tumultuous from the coronavirus outbreak fears and gloomy global financial outlook, in general, the private venture capital firm Andreessen Horowitz (a16z) revealed the 500 million-dollar “Crypto Fund II.” A report published on May...
Bitcoin accumulation uptrend can create a 2013-style BTC price 'double pump'
31.5.2021
Long-term Bitcoin holders remain unfazed by the recent sell-off but there is still one alarming sign
Central Bank of Brazil Issues Guidelines for Its CBDC
31.5.2021
The Central Bank Of Brazil, the highest monetary authority of the country, has released a note listing the general guidelines for the design of a hypothetical central bank digital currency (CBDC) for the country. While there are still no concrete steps taken in this direction, at least the document...
Whistleblower Edward Snowden Says $6 Trillion in Stimulus Is ‘Good for Bitcoin’
28.5.2021
The infamous whistleblower and privacy activist Edward Snowden commented on bitcoin on Friday, after the Biden administration said this week it was shooting for 6 trillion dollars in stimulus proposals. Following the $6 trillion in stimulus headlines, Snowden commented on the situation and said...
Nigeria’s Naira Loses Ground on Forex Black Market Just a Few Days After Devaluation
28.5.2021
The Nigerian naira currency lost further ground against major currencies after it depreciated to 493 nairas for one dollar on the black market on May 25, 2021. Before the latest depreciation, the currency had stabilized at around 485 nairas to the dollar. This was shortly after the exchange rate...
White House Defends Trillion-Dollar Stimulus While Jamie Dimon and Larry Summers Warn of Runaway Inflation
27.5.2021
On Wednesday the White House defended President Joe Biden’s trillion-dollar spending proposals despite the criticism concerning rising inflation and low-interest rates. Inflation has risen at unprecedented levels in the U.S. and the average American’s purchasing power is growing less...
Number of Bitcoin wallets holding 100-1K BTC soars after Tesla's $1.5B buy-in
27.5.2021
New data shows a dramatic rise in the number of Bitcoin wallets holding anywhere between 100 BTC to 1,000 BTC, but there may be a catch
Bank of Canada sees no strong case for a digital dollar — for now
27.5.2021
Amid the global CBDC race, the Canadian central bank does not currently see a strong case for issuing a state digital currency
XLM: Is It Possible to Cross the $1 Psychological Barrier?
26.5.2021
XLM, Stellar Lumens, is one of the oldest cryptocurrencies in the market. It was founded even before Ethreum (ETH). Stellar is an open-source network meant to facilitate the transaction between different currencies and payment methods. Stellar XLM was co-founded in 2014, by Jed McCaleb and Joyce...
‘Chinese Invented Paper Money and They Will End It’- Brazil’s Far-Left Praises Digital Yuan
25.5.2021
Digital currencies, those issued by central banks in particular, have been commended for their “disruptive nature.” The praise comes from a publication associated with one of Brazil’s far-left parties. A recently published article claims that CBDCs such as China’s digital...
Tether mints more coins to break $60 billion market cap
25.5.2021
Massive volatility on crypto markets has been always associated with an uptick on stablecoin markets, a Tether exec noted
US must win CBDC race to maintain dollar's global reserve currency status: Federal Reserve Governor
25.5.2021
The Federal Reserve Governor has urged the United States to be at the forefront of developing CBDC to maintain the U.S. dollar’s role as a global reserve currency
Barking NFT Along With $bark Token Introduced
24.5.2021
The market of crypto is growing in a rapid phase. Among the latest is the Barking NFTs which are 10,000 unique barking sounds, each carrying a cartoon dog barking animation video created by the artist from Bakery’s NFT art community. What makes them special is they are unique and are...
US Dollar Drops to a Three-Year Low, Greenback Could Dip 10% Lower, Fed Still Not Ready to Taper QE
20.5.2021
America’s currency has been flirting with lows again, as the U.S. Dollar Index (DXY) dropped to a low of 89 on Tuesday and the following Thursday. This is the third time since April 2018, the DXY has been this weak, and some analysts think the currency could drop even lower. US Dollar...
Stocks, China and the dollar: 3 reasons why Bitcoin price is tanking below $40K
19.5.2021
$39,000 may seem unfairly cheap for Bitcoin, but there is likely more keeping it there than just Elon Musk
While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars
16.5.2021
This week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used...
Big Time Studios Aims to Bring NFTs to the Masses, Set to Raise $21 Million in Funding
14.5.2021
The Los Angeles-based company Big Time Studios has announced the company is set to raise $21 million in two funding rounds backed by a number of investors. The company’s founder Ari Meilich was the CEO and co-creator of the Ethereum metaverse Decentraland. Big Time Studios aims to bring...