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At least 3 nations to replace their currency with CBDC by 2030: report
9.9.2020
The digital yuan will not unseat the U.S. dollar — at least not right away
CEX.IO to Offer Instant Cryptocurrency-Backed Lending Service in 217 Countries and Territories
9.9.2020
LONDON, the United Kingdom – CEX.IO, one of the largest international exchanges in the cryptocurrency market, is set to launch a digital asset-backed lending service in September. Available in 217 countries and territories – including Australia, the United Kingdom, the European Union...
Jim Rogers Predicts End of Dollar Dominance as US-China Tensions Escalate
8.9.2020
Renowned investor Jim Rogers believes that the U.S. dollar dominance is coming to an end as the tensions between the U.S. and China mount. The growing national debt, the protests, the political uncertainty surrounding the presidential election, and countries seeking a USD alternative in fear...
USD 1m in Limbo as DeFi 'Rookie' Sends Funds To Wrong Address
8.9.2020
Somebody sent USD 1m to Swerve Finance contract today, with the Cryptoverse initially presuming that the sender would never see their money back. As it turns out, the fortune (pun intended) might be smiling upon the sender at the moment.
In a move which some described as "brutal,"...
Bitcoin Mining Difficulty Drops While BTC Slips Below USD 10K Again
7.9.2020
Source: Adobe/Татьяна Палладина
Following a month of rising Bitcoin (BTC) mining difficulty, the first adjustment in September saw the difficulty drop - though it still remains at the second-highest level in the network's history.
Bitcoin mining difficulty, or the measure of how hard it is...
Crypto Market Loses Almost USD 80bn This Week As Bitcoin Briefly Dips Below USD 10k
6.9.2020
The sell-off in the crypto market has continued this weekend with bitcoin (BTC) briefly dipping below USD 10,000 on Saturday.
Since Wednesday, the total market capitalization dropped by almost 20%, to USD 318bn today.
At pixel time (06:48 UTC), BTC trades at USD 10,113, somewhat recovering from...
Bitcoin drops to $11.1K as USD currency index frustrates BTC price
2.9.2020
An uptick in the USD currency index produces an instant plunge for BTC/USD, with the largest cryptocurrency sinking 5% on the day
Bitcoin, USD velocity both crash — but BTC price reacted differently
2.9.2020
Rampant inflation of the dollar’s M2 money supply is only enriching the “cantillionaires,” Max Keiser argues as its velocity hits record lows
Warren Buffett Shifts Funds From US Amid Inflation Fears, Bitcoin’s New All-Time High Expected
1.9.2020
Warren Buffett has made another major investment shift, one that reduces Berkshire Hathaway’s dependence on the U.S. economy. This news followed the Federal Reserve’s policy announcement to “push up inflation,” which is seen as bullish for bitcoin, with some predicting that...
Swipe Unveils USD-Dollar Checking Accounts with Evolve Bank & Trust Firm
1.9.2020
As a powerful cryptocurrency wallet and debit card portal, Swipe is all set to dig its foot deep into the US market space by entering into a partnership with leading financial services provider, Evolve Bank & Trust to unleash new opportunities. The integration will allow Swipe to launch...
Bitcoin will hit new high ‘in near term’ as Buffett exits USD — Keiser
31.8.2020
The Sage of Omaha is getting out of the world’s reserve currency, Max Keiser claims, and that’s a prelude to Bitcoin hitting a new record
USD has ‘more room to fall’ — 5 things to watch in Bitcoin this week
31.8.2020
Amid multiple warnings over the world’s reserve currency, Bitcoin stands to gain if recent macro correlation remains intact
Digital Yuan Will 'Hardly Put a Dent' in USD Dominance, Says Expert
28.8.2020
China’s forthcoming digital yuan rollout will not pose a threat to American dollar dominance, says a leading economist – although the Middle Kingdom has already “leapfrogged” the West when it comes to digital payment infrastructure and innovation.
In an opinion piece published by Project Syndicate...
Winklevoss Bros Make Case For USD 500k Bitcoin
28.8.2020
Cameron and Tyler Winklevoss, co-founders of the US-based Gemini exchange and family office Winklevoss Capital, forecast the price of Bitcoin (BTC) could reach USD 500,000, as the the US debt-to-GDP ratio is set to expand more in 2020 than it did over the entire prior decade, triggering inflation...
US in 'Terminal Debt Spiral', Might Help Crypto & Digital USD Adoption
27.8.2020
With governments across the world pumping public spending to mitigate the economic impact of the COVID-19 pandemic, 2020 could be a record-breaking year for debt. While this year’s spending extravaganza could tank the value of currencies worldwide and spur a hike in inflation, as stated a recent...
Crypto Investor Ribbit Files USD 350m IPO, Set for Possible Mergers
26.8.2020
Aiming for potential future mergers with related companies, Ribbit LEAP, a newly-formed business offshoot from early bitcoin (BTC) venture capital firm Ribbit Capital, has filed for a USD 350 million Initial Public Offering (IPO) with the US Securities and Exchange Commission (SEC).
The IPO filing...
Biggest Darknet Market Allegedly Exit Scams USD 30M In Crypto - Report
26.8.2020
Leading darknet market Empire Market has reportedly shut down its operations, exit scamming the site’s estimated 1.3 million users out of some bitcoin (BTC) 2,638, worth close to USD 30 million.
Reported by dark.fail, a journalist specialized in covering the darknet, the development comes with...
US Election & Weakening USD Will Fuel Bitcoin Price - deVere Group CEO
25.8.2020
"History will show that 2020 was a breakout year for Bitcoin," said Nigel Green, the Chief Executive Officer (CEO) of deVere Group, a financial advisory and fintech organization. The analyst said Bitcoin’s price will soar, prompted by the upcoming US presidential election in November...
USD 50B in Crypto from Asia Hints at Chinese Capital Flight – Report
21.8.2020
With more than USD 50 billion in crypto leaving wallet addresses tied to East Asia and headed to other regions around the world over the past 12 months, signs point to crypto increasingly being used to evade strict Chinese capital controls, a new report from on-chain analysis firm Chainalysis...
Russia and China De-dollarization Approaching ‘Breakthrough Moment’
20.8.2020
China and Russia are collaborating to reduce their dependence on the U.S. dollar. Trade settlements in USD between the two countries have fallen below 50% for the first time. De-dollarization in Russia and China The dollar’s share of trade between Russia and China was only 46% of settlements...