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Morgan Stanley Sounds Alarm on US Dollar’s Dominance — Says Crypto Could Significantly Alter Currency Landscape
22.1.2024
Morgan Stanley has warned about the risk of the U.S. dollar losing its dominance, fueled by growing interest in digital assets, including bitcoin. Emphasizing that the U.S. dollar’s dominance “is being increasingly scrutinized,” the investment bank stated: “A clear shift towards reducing...
Congressman Tom Emmer Offers to Help Donald Trump Fight Central Bank Digital Currencies
22.1.2024
Congressman Tom Emmer has offered to help former U.S. President Donald Trump fight the creation of a central bank digital currency (CBDC) in the U.S. “I agree with President Trump; CBDCs pose a serious threat to Americans’ right to financial privacy. I look forward to working with...
Myro Price Prediction as MYRO Starts Trending on Social Media – What Does it Do?
20.1.2024
MYRO, the cryptocurrency in question, has witnessed a modest uptick in its valuation. The price of MYRO is currently $0.240028, with trading activity over the last 24 hours reaching $78.63 million. The currency has appreciated by 1.65% within this period. Standing at the #230 rank...
Chainalysis Reveals Decline in Crypto Crime, Shift to Stablecoins in 2024 Crime Report
20.1.2024
Chainalysis’ latest report reveals a dual trend in the 2023 crypto crime landscape: a notable decrease in overall value of criminal transactions and a surprising shift from bitcoin to stablecoins as the preferred medium for illicit activities. 2024 Chainalysis Report Reveals a Decline...
RBI Chief: Crypto Threatens Rupee Stability, Urges Investors to Be Cautious
20.1.2024
The head of India’s central bank, the Reserve Bank of India (RBI), has warned of significant risks associated with cryptocurrencies, particularly for emerging market economies. “It can impact your financial stability, currency stability, and monetary system,” RBI Governor...
Donald Trump Promises to Block Digital Dollar Creation — Calls CBDC ‘Dangerous Threat to Freedom’
19.1.2024
Former U.S. President Donald Trump has promised to stop the creation of a U.S. central bank digital currency (CBDC) if he is elected president of the United States. He explained that a digital dollar would give the federal government “absolute control over your money,” warning that...
Bitcoin Technical Analysis: BTC Balances Above $42,000 Amidst Downtrend Signals
17.1.2024
Bitcoin has been holding steady above the $42K zone and over the past hour, the leading crypto asset has changed hands for $42,425 to $42,597 on Wednesday morning around 9:30 a.m. Eastern Time. The digital currency’s market valuation on Jan. 17, 2024, is around $835 billion with $25.65...
United States Lawmakers Introduce Bills to Exclude CBDCs from the Definition of Money
17.1.2024
United States lawmakers have proposed bills in four states to block possible definitions of a Central Bank Digital Currency (CBDC) as money. The bills were introduced in South Carolina, South Dakota, Tennessee, and Utah as anti-CBDC legislators seek to prevent the use of CBDC tokens in those...
Report: Egypt Wants to Have a Functioning CBDC by 2030
16.1.2024
Egypt reportedly aims to launch a central bank digital currency by 2030 to boost the competitiveness of its national currency. According to an Egyptian economic expert, a digital currency issued by the central bank is more secure than privately issued cryptocurrencies. Enhancing Monetary Policy...
IMF Chief Sees Crypto as Asset Class — Says Bitcoin Won’t Dethrone US Dollar as Dominant Currency
16.1.2024
International Monetary Fund (IMF) chief Kristalina Georgieva sees crypto as an asset class, not money. She dismissed concerns of bitcoin potentially displacing the U.S. dollar as the world’s dominant currency, citing the size of the U.S. economy and the depth and sophistication of...
Circle Completes USDC Upgrade to Version 2.2
16.1.2024
Circle, the stablecoin company, has completed the upgrade of its USDC stablecoin to the 2.2 version. The update brings a slew of changes, including gas efficiency improvements, support for account abstraction and smart contract wallets, and enhancements in the resiliency of the currency when...
Dollar’s Reserve Currency Status Is the United States’ Reward for Controlling the Seas – Billionaire Mike Novogratz
15.1.2024
According to Mike Novogratz, the United States’ control of the seas enables it to maintain the dollar’s reserve currency status. Novogratz suggested that the U.S. and United Kingdom’s joint strikes on Yemen were necessary because they give residents the “benefit of borrowing...
Binance and Coinbase Hold 11% of Crypto Economy’s Net Value, Leading in BTC and ETH Reserves
13.1.2024
Statistical data reveals that Binance and Coinbase, two titans in the cryptocurrency exchange arena, cumulatively possess 11.85% of the $1.68 trillion digital currency economy. In addition, these prominent trading platforms control 7.83% of the total bitcoin supply, underscoring their significant...
Venezuelan Petro Reportedly on the Brink of Liquidation
13.1.2024
According to local sources, one of the first state-backed cryptocurrency assets, the Venezuelan Petro, would be facing an imminent liquidation. Asonacrip, a national cryptocurrency association, reported having information about the upcoming liquidation process, including the automatic exchange...
Genesis Global Trading Settles with NYDFS, Pays $8 Million Penalty, and Surrenders BitLicense
13.1.2024
Genesis Global Trading, a subsidiary of Digital Currency Group, has agreed to pay an $8 million penalty to the New York State Department of Financial Services (NYDFS) after settling allegations of compliance failures. The NYDFS accused the company of violating virtual currency and cybersecurity...
Bitcoin Price Prediction: BTC Nears $43,150 Post-ETF Approval – Potential Rebound Ahead?
12.1.2024
After a period of bullish momentum leading Bitcoin to surpass the $49,000 threshold, the digital currency faced a setback, with prices tumbling to the vicinity of $43,150 subsequent to the approval of U.S.-based spot Bitcoin Exchange-Traded Funds (ETFs) by the Securities and Exchange Commission...
VanEck ceases multi-currency trading in USD for select ETPs
12.1.2024
VanEck announced the cessation of USD multi-currency trading for a subset of Exchange Traded Products (ETPs). Among these are VDOT, VBTC, VETH, and VSOL. Although they are not listed for trading on the SIX Swiss Exchange, they are available for purchase in USD and EUR on Euronext Amsterdam, Xetra...
South Korea Regulator Holds Firm Stance Against Crypto ETFs Approval
12.1.2024
Source: AdobeStock While the US has finally approved a decade-long wait for Bitcoin exchange-traded funds (ETFs), South Korea still stands firm in banning BTC ETFs. South Korea’s Financial Services Commission (FSC) said that the launch of virtual currency ETFs is “impossible”...
What Is a Central Bank Digital Currency? A Brief Guide to CBDCs
11.1.2024
Central bank digital currency (CBDC) aims to take the benefits from blockchain-based digital currency and combine it with fiat currency under the control of the central bank
PYUSD’s 30-Day Surge of 72% Vaults Paypal’s Offering Into USD Stablecoin Top Ten
11.1.2024
Over the last month, the supply of Paypal’s PYUSD stablecoin has seen a substantial increase, surging by over 72% from 167.83 million to 289.43 million PYUSD. This significant growth has propelled the payment behemoth’s dollar-linked digital currency to become the tenth largest among...