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Indonesia Is Following BRICS De-Dollarization Lead, Says Central Bank Governor
25.4.2023
Indonesia is following the BRICS’ lead in de-dollarization and shifting away from the U.S. dollar in trade settlements and financial transactions, according to the country’s central bank governor. The BRICS nations are working on creating a common currency to reduce their USD reliance....
Ethereum price lower highs vs. Bitcoin hint at more downside in April
24.4.2023
Institutional investors accumulated Ether and sold off Bitcoin last week, suggesting confidence in Ethereum after the Shapella hard fork
Bitcoin Posts Biggest Weekly Loss in Five Months as Dollar Liquidity Declines, Debt Ceiling Fears Return
24.4.2023
The cost of insuring against a potential U.S. government default in the next 12 months soared to record highs last week
Economist Peter Schiff Warns ‘Death Blow’ Coming for US Dollar — USD to Lose Reserve Currency Status
23.4.2023
Economist Peter Schiff has warned that a death blow is coming for the U.S. dollar and the USD will lose its global reserve currency status in this financial crisis. “People are still reluctant to call it a financial crisis, but that’s exactly what it is, except it’s bigger in scale and it’s going...
BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds
22.4.2023
The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable financing policy. BRICS Development Bank Launches 3-year...
White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within
22.4.2023
In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest threat to the USD dominance comes from within. China Wants...
Bitcoin fails to hold $30k: Is another BTC crash coming in 2023?
20.4.2023
After a long downtrend, Bitcoin has started to perform extremely well in 2023, with several on-chain indicators reflecting strong signs of support. BTC/USD has broken the resistance of $30K, approaching 52-week high after the downtrend in the last two years. The strong crypto market performance...
Dogecoin soared 23,000% in 2021 — Is history starting to repeat for DOGE price?
20.4.2023
Dogecoin's 2021 and 2023 price rallies have largely been sparked by Elon Musk but the latter still has much more room to run if history repeats
Congress members torching SEC boss while Bitcoin reclaims $30k
19.4.2023
After years of tormenting the crypto industry, the SEC boss, Gary Gensler, is under heavy fire. The Chair was recently torched by the US Congress members for shilling Algorand previously. Gary recently attended a court hearing where the congressmen asked the Chair about ETH. The 5-minute grilling...
PEPE achieved a market cap of $86 m in less than 5 days
19.4.2023
PEPE is a newly announced Ethereum-based token. The name is a play on Pepe the Frog, a memetic emblem currently popular in cartoons. It has successfully maintained a market capitalization of $86 million. This was accomplished prior to the five-day timeframe. As a result, according to CoinGecko,...
Strategists: US Dollar’s Reserve Currency Status Eroding at ‘Alarming Pace’
19.4.2023
Asset management firm Eurizon SLJ’s strategists have warned that the erosion of the U.S. dollar’s global reserve currency status has accelerated at an alarming pace in recent years, especially following the onset of the Russia-Ukraine war. They noted that the USD has declined 8% in one year...
BRICS De-Dollarization Push, China, and Crypto Threaten US Dollar’s Dominance: Analyst
19.4.2023
Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that...
SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit
18.4.2023
According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto...
MicroStrategy stock price more than doubles in 2023 in lockstep with Bitcoin
18.4.2023
Bank of America and Fidelity have increased their MicroStrategy exposure in what appears to be a passive Bitcoin investment
Ethereum is up 15% versus Bitcoin since Shapella — More ETH price gains ahead?
18.4.2023
Ether stakers have withdrawn $1.21 billion worth of ETH from Ethereum staking contracts since the Shapella upgrade
Tether market cap eyes record high after regaining 65% stablecoin dominance
17.4.2023
The market capitalization of Tether is nearly a billion dollar away from reaching a new lifetime peak while rival stablecoins struggle
Hundred Finance loses $7m in an exploit on Optimism solution
17.4.2023
PeckShield recently reported that Hundred Finance lost over $7 million in an attack. The blockchain security firm announced that the attack took place on the L2 Optimisim scaling solution. The attacker used 200 WBTC to exploit the lending protocol on April 15. The attacker donated WBTC to boost...
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $30,000 on Monday, as US Dollar Rallies
17.4.2023
Bitcoin started the week trading below $30,000, as the U.S. dollar strengthened during Monday’s session. USD/JPY rose to a one-month high, with the greenback also gaining against the euro and British pound. Ethereum was also lower, falling below $2,100. Bitcoin Bitcoin (BTC) dropped below...
Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical
17.4.2023
Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
16.4.2023
Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8%...