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DCG Reaches $10 Billion Valuation in Secondary Sale Led by Softbank and Capitalg
2.11.2021
Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg...
An In-Depth Look at Olympus DAO Protocol and the Not-So-Stable Stablecoin OHM
1.11.2021
In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional reserve currency defi protocols today, as OHM is a free-floating currency...
FOREX-Dollar Holding Firm; Yen Dips Further on LDP Victory
1.11.2021
On Monday, the dollar witnessed good trading with a 2 1/2 -week high due to boosted inflation in the US and earlier interest rate hike by the Federal Reserve. The Japanese Yen, which is a safe haven, dropped, approaching a one-and-a-half-week high, as the governing party’s strong performance...
The Billion-Dollar Bitcoin Case: Long-Awaited Kleiman v. Wright Trial Begins Next Week in Miami
30.10.2021
On Monday, November 1, the long-awaited Kleiman v. Wright trial will begin as a federal jury plans to determine the relationship between Dave Kleiman and Craig Wright. The Kleiman estate is asking for $11.4 billion, alongside the return of intellectual property (IP) or its fair market value. While...
No Plans to Make US Dollar Sole Currency, Zimbabwean Finance Minister Calls Idea ‘Suicidal’
29.10.2021
The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the country’s sole currency again. Government Focused on Strengthening Local Currency Instead of entertaining those calling for the dollarization of the Zimbabwean...
Half-Billion Dollar ‘Fake’ NFT Sale Becomes Real PR Stunt
29.10.2021
The sale of a non-fungible token (NFT) from the famous CryptoPunk collection raised eyebrows in the community on Thursday for its massive USD 530m price tag – a price that would have made it the most expensive piece of art ever to be sold – if it was real....
Read More: Half-Billion Dollar ‘Fake’...
El Salvador Buys More Bitcoin: 420 BTC Added to Treasury
28.10.2021
El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has bought the dip again. The Salvadoran government has purchased a total of 1,120 bitcoins, currently worth more than $68 million. El Salvador’s Bitcoin Holdings Grow El Salvador has bought the dip again...
Dogecoin jumps 44% in one day as traders rotate Shiba Inu profits into DOGE
28.10.2021
The DOGE price rally appeared after Shiba Inu briefly flipped Dogecoin to become the ninth-largest cryptocurrency by market cap
Shiba Inu could surpass Dogecoin after a 700% SHIB price rally in October
27.10.2021
In comparison, Dogecoin's October gains so far came out to be a little over 8%
Australian Dollar Rises While Energy Prices Keep Soaring
27.10.2021
The AUD witnessed a slight surge after the Australian CPI numbers were released recently. Q3 headline inflation arrived with 0.8% q/q versus the forecast of 0.8%. Meanwhile, the annual headline rate reached 3.0% in y/y against the expected 3.1%. The former reached 0.7% q/q instead of 0.5% with...
Dollar Stabilizes While Traders Await Central Banks Guidance
26.10.2021
Tuesday witnessed the US Dollar regaining the 1.67% it lost recently. Investors are on edge with central bank meetings, and data releases indicate new information on the rates. Meanwhile, the Euro dipped 0.3% as experts forecast the ECB’s dovish tendencies in the next meeting. As a result,...
5 Dollar-Pegged Tokens Command 94% of the Swelling $135 Billion Stablecoin Market Cap
24.10.2021
During the last month, four out of five of the top stablecoins by market capitalization saw their valuations swell in size. At the time of writing, there’s $135.4 billion in stablecoins but the top five collectively represent 94.40% of that total. While the largest stablecoin in terms...
Dollar Declines for the Second Week Despite US Positive Data
22.10.2021
Friday witnessed the second week of decline in dollar rates in Asia, even though the US data presented a positive report. Lower than expected manufacturing statistics in the United States and rising wagers that monetary policy will be normal compared to the other nations contributed to...
Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future
20.10.2021
Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now says it’s possible to partially replace the greenback in currency reserves and trade settlements with other currencies and even...
Facebook’s Novi Launches Pilot Program in Guatemala and US Using Pax Dollar
20.10.2021
Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch. Novi will use pax dollars...
All-time highs next? Bitcoin holds $62K as the Dollar index tumbles to 3-week lows
19.10.2021
The U.S. dollar index reached its lowest levels in three weeks on Tuesday, triggering the Rising Wedge pattern
Russia aims to replace US dollar reserves with digital assets in long term
19.10.2021
Last week, the Russian president said it was “a bit early” to use cryptocurrencies to settle oil trades
Chingari Announces Its NFT Plan with $GARI Token
18.10.2021
In a significant development for the NFT domain, the Chingari short video platform has announced its first token called $GARI. The organization is on the way to launching a marketplace for NFTs. Prominent Bollywood personalities Salman Khan and Vaani Kapoor were present on the occasion. ...
Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value
16.10.2021
Accusing the U.S. of undermining the dollar through money printing and sanctions policy, President Vladimir Putin has admitted that cryptocurrency can be utilized for settlements in the future, although it’s too early to do that in oil trade. While noting that it lacks backing, the Russian...
Dollar Maintains Technical Boundary Amid Density and Risk Trends
15.10.2021
The latest financial session witnessed the market maintaining control due to speculative appetite. However, the benchmarks are already being pushed to resistance levels. The S&P 500 is currently the most notable benchmark with a 1.7% rally, capable of clearing the three-month range’s midpoint...