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IMF Calls Zimbabwe’s Gold-Backed Currency an ‘Important Policy Action’
24.5.2024
The International Monetary Fund (IMF) has stated that Zimbabwe’s recently introduced gold-backed fiat currency represents a significant policy step. This is the IMF’s first substantial comment on the currency since its inception. The global lender has reportedly announced plans to send a team...
US House Votes to Block Federal Reserve’s Digital Dollar Plans
24.5.2024
The US House on Thursday approved a bill that prohibits the Federal Reserve from issuing a digital dollar, or central bank digital currency (CBDC), without explicit authorization from Congress.
The post US House Votes to Block Federal Reserve’s Digital Dollar Plans appeared first on Cryptonews
Former Bitmex CEO Arthur Hayes: A Weak Yen Solution Might Propel Bitcoin to $1 Million
23.5.2024
Arthur Hayes, former CEO of Bitmex and current CIO of Maelstrom, has predicted the geopolitical and economic dynamics that will be taken to equilibrate the exchange rate between the U.S. dollar and the Japanese yen might propel bitcoin prices to $1 million. Hayes states that eventually, the U.S....
Is this meme coin your ticket to a million-dollar fortune?
23.5.2024
Major cryptos such as Bitcoin and Ethereum are on an upswing, while BEFE, a popular memecoin, is also catching attention. After taking on initial obstacles and a correction period, BEFE has proven to be resilient. Its recent price rise has reignited interest among investors who may now envision...
Price analysis 5/20: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
20.5.2024
Bitcoin price is chasing after its all-time high and altcoins appear ready to follow
‘Really Stupid and a Huge Mistake:’ Putin Blasts US Actions Blocking Payments to China; Exporters Turn to Small Banks and Crypto
20.5.2024
Russian President Vladimir Putin charged against the U.S. actions seeking to block Russian payments to China and other countries. During a two-day trip to China, the Russian leader emphasized that this strategy was “really stupid and a huge mistake,” considering that these actions...
Balaji Srinivasan Highlights China’s Dedollarization and Envisions Post-Dollar Economy
20.5.2024
Balaji Srinivasan, former CTO of Coinbase, recently shared his insights on the global economy and the future of the U.S. dollar on social media. He discussed the concept of dedollarization, suggesting that China and other countries are moving away from U.S. debt and investing in gold instead....
Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex Market
20.5.2024
The Nigerian naira continued with a downward which recently saw it being named the worst-performing currency when it slid by just over five per cent to erase the previous day’s gains. The naira’s depreciation is said to have occurred just a day after the central bank intervened...
Microsoft faces multi-billion dollar fine in EU over Bing AI
18.5.2024
The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27
China’s $53.3B Divestment in US Treasuries Signals Massive Shift From Dollar Assets
18.5.2024
According to records, China has divested $53.3 billion in U.S. Treasury notes and agency bonds during the first quarter. Some analysts suggest this reduction in foreign exchange reserves might be China’s strategic move to leverage its holdings against the United States. China’s Treasury...
MakerDAO unveils PureDai: A decentralized stablecoin with no dollar peg
17.5.2024
MakerDAO, the decentralized autonomous organization that created the Dai stablecoin, has revealed intentions to launch a new stablecoin called PureDai. This step is intended to provide a fully decentralized alternative to Dai, which now depends on a combination of centralized and decentralized...
Shiba Inu (SHIB) Token Holder Swaps $23000 Into Mollars ICO — DCA’ing, King Shrimp Passed Whales
15.5.2024
A crypto shrimp, perhaps better called the King shrimp, who was earlier tracked by Crypto.News has upped the holdings of his Mollars token presale ‘bag.’ Buying frequently or dollar cost averaging into the presale, the traders frequent buys have made them what’s believed to be the biggest holder...
Price analysis 5/13: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
14.5.2024
Bitcoin's strong rebound of the $60,000 level is encouraging but it still could be a hint that BTC's range-bound action could continue for some time
Belarusian President Claims Decline in US Dollar and Euro Use Globally
13.5.2024
Belarusian President Alexander Lukashenko stated that many nations are reconsidering their use of the U.S. dollar and euro due to recent global financial tensions. Speaking in Minsk, Lukashenko highlighted that this shift is not limited to Belarus and Russia, but is observed worldwide....
Analyst Forecasts BTC to Reach $1 Million in 10 Years, Envisions It as Future Reserve Currency
13.5.2024
Onchain bitcoin analyst Willy Woo predicts that the leading cryptocurrency will reach the $1 million milestone within the next decade. During what he describes as “a time to be alive,” Woo anticipates witnessing a purge of central bank corruption. However, one of Woo’s...
Robert Kiyosaki Warns of US Dollar Collapse if BRICS Crypto Happens
13.5.2024
Rich Dad Poor Dad author Robert Kiyosaki has issued a cautionary statement regarding the possible downfall of the U.S. dollar in the event of the BRICS economic bloc launching a gold-backed cryptocurrency. Kiyosaki predicts a scenario where trillions of U.S. dollars flood back into the country...
Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains
12.5.2024
The Nigerian currency, which has been depreciating against the U.S. dollar in the past few weeks, has completely erased its gains from early April, making it the worst-performing currency in the world. The decline of the naira is attributed to Nigeria’s ongoing foreign exchange shortages....
IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar
11.5.2024
First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated in the recent shocks from the coronavirus pandemic, the geopolitical situation with...
Zambian Currency, the Kwacha, Plunges to New Record Low Against US Dollar
10.5.2024
Zambia’s worsening shortage of foreign exchange as well as one of its worst droughts in recent memory saw the local currency drop to a record low of K27.3 to the dollar. As explained in the report, the kwacha has lost as much as 17% in the past six months. Forex Shortages: The Impact...
Is DogWifHat Dead? Crypto Expert Tweets $1 Price Target, New Meme Coin WienerAI Raises $1.4 Million
10.5.2024
A top crypto influencer on X believes the popular Solana meme coin DogWifHat ($WIF) could tumble all the way down to a dollar from its current price of $3.17. In a recent tweet, Bluntz Capital (@Bluntz_Capital) cautioned, “price action on this bounce over the last 3 weeks has been slow...