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Crypto Gainers and Losers: This Week’s Market Snapshot
4.11.2023
This week, while bitcoin and ethereum decelerated, they still managed a modest uptick of 2-3% against the U.S. dollar. Meanwhile, a roster of around 50 cryptocurrencies recorded double to triple-digit gains during the same seven-day span. In the race of gains from Saturday, October 28, to Saturday...
Aave’s GHO Stablecoin Grapples With Dollar Peg Stability: Liquidity Fixes on the Horizon
4.11.2023
The decentralized finance (defi) protocol Aave’s stablecoin asset called GHO has been struggling to keep its peg to the U.S. dollar. While it is coasting along at $0.966 per unit at the time of writing, five days ago it tapped an all-time low at $0.917 per coin. Aave’s Liquidity Committee aims...
PayPal Faces Regulatory Scrutiny as SEC Subpoenas PYUSD Stablecoin
2.11.2023
The United States Securities and Exchange Commission (SEC) has issued a subpoena to global payment giant, PayPal over its newly launched stablecoin, PYUSD. On Nov 2, PayPal Holdings announced that it received a subpoena from the enforcement arm of the SEC tied to its U.S. dollar stablecoin...
PayPal faces SEC action related to PYUSD stablecoin: Report
2.11.2023
PayPal was the first significant fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August
Senator Rand Paul: Out-of-Control Government Spending Threatens ‘the Very Existence’ of US Dollar
2.11.2023
U.S. Senator Rand Paul has cautioned that the government’s “out-of-control spending” is threatening the very existence of the U.S. dollar and even the country. Commenting on the government spending billions of dollars to help multiple countries, Paul warned: “They’ll...
Economist Peter Schiff Says US Dollar Will Tank — Warns of USD Owners Getting Destroyed
29.10.2023
Economist Peter Schiff has warned that the U.S. dollar will tank, taking the U.S. economy and the American standard of living down with it. Noting that everyone who owns U.S. dollars could “get destroyed,” he cautioned: “We are getting very close to a crash in Treasuries. That...
Sky-High Surges to Staggering Losses — Unpacking the Crypto Market’s 300-Day Journey
28.10.2023
Year-to-date, the dynamic landscape of crypto data reveals a 106% surge in bitcoin (BTC) value against the U.S. dollar. However, it’s noteworthy that it does not clinch the title of the top performer in this period. A closer look at the metrics since the dawn of the year illuminates...
JPMorgan Settles Transactions for $1 Billion Daily Using JPM Coin
28.10.2023
JPMorgan announced that it is registering transactions for $1 billion daily using its own currency, jpm coin. JPMorgan Global Head of Payments Takis Georgakopoulos added that while these movements are denominated in U.S. dollars mostly, the institution is seeking to expand on that in the future....
Top Meme Tokens Record Impressive Gains in 24-Hour Trading Frenzy
26.10.2023
According to statistics on October 26, 2023, the meme coin crypto economy has risen nearly 10% against the U.S. dollar in the past 24 hours. The top five meme tokens, including dogecoin, shiba inu, pepe, floki, and baby doge coin, have risen between 7% and more than 28% in the last day. Meme Coins...
Economist Peter Schiff Warns of Deep Recession, Inflationary Depression, and Collapse of US Dollar Demand
22.10.2023
Economist Peter Schiff has warned of an inflationary depression, noting that inflation will stay higher for longer, leading to a more severe and prolonged recession. He predicted that the rapidly increasing national debt and federal budget deficits should lead to a collapse in demand for U.S....
Robert Kiyosaki Says Bitcoin Headed for $135,000 While Gold Will Soon Take Off
22.10.2023
Rich Dad Poor Dad author Robert Kiyosaki expects the price of bitcoin to reach $135,000. He also foresees substantial growth in the price of gold, reaching $3,700 in the near future. In contrast, the renowned author has warned that savers of U.S. dollars, which he calls “fake money,”...
Billionaire ‘Bond King’ Jeffrey Gundlach Warns US Dollar’s Reserve Currency Status at Risk Due to Rising National Debt
20.10.2023
Renowned billionaire Jeffrey Gundlach, also known as the “Bond King,” has raised concerns over the potential risk to the U.S. dollar’s reserve currency status due to rising national debt. “The future of the U.S. dollar, and possibly out-of-control inflation, depends...
Binance US Suspends Withdrawals in US Dollars
19.10.2023
Crypto exchange Binance US has suspended withdrawals in U.S. dollars. Users who want to withdraw their USD funds must first convert them into stablecoins or other cryptocurrencies, which can then be withdrawn. Binance US Updates Dollar Withdrawal Policy Binance US, the U.S.-based cryptocurrency...
Why Congress Will Be the Dollar’s Downfall
17.10.2023
Congressional inaction is likely to cause de-dollarization as the country’s foes — and friends — move even faster to get off the U.S. dollar. Americans deserve to know what’s at risk so we can vote accordingly, and get the economy we deserve
Jim Rickards Blasts US Congress Confiscation Initiatives: ‘The Drive to Create New Currencies Will Go Into Overdrive’
17.10.2023
Renowned economist and best-selling author Jim Rickards has warned about the effects of a new U.S. congressional initiative that proposes confiscating Russian assets to reimburse itself for the aid given to Ukraine. Rickards believes that, if passed, this legislation will alert the international...
Bitcoin Surges on Fake Blackrock ETF Approval News: Misinformation Ripples Through Crypto Markets
16.10.2023
On a bustling Monday, the cryptocurrency-focused news platform Cointelegraph broadcasted that the U.S. Securities and Exchange Commission (SEC) had given the green light to Blackrock’s Ishares spot bitcoin exchange-traded fund (ETF). The unverified news spread like wildfire, and in its wake...
Renowned Investor Jim Rogers Warns of US Dollar Dominance Ending — Sees Chinese Yuan as the Only Competitor
12.10.2023
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has reiterated his warning of the end of U.S. dollar dominance. “I know that the era of the U.S. dollar is coming to an end. No currency stayed on top forever,” he stressed, adding that...
Tensions in Israel Reverberate Globally — US Equities, Cryptos Falter Amid Mideast Conflict; Oil and Metals Capitalize
9.10.2023
Markets faced turbulence on Monday as all four major U.S. indices took a downward turn, influenced by the Israel-Hamas conflict which escalated into an outright war over the weekend. The crypto economy experienced a 1.8% dip against the U.S. dollar on the same day. Meanwhile, the onset of...
Russian President Putin Says US Dollar-Based Global Financial System Is Collapsing
8.10.2023
Russian President Vladimir Putin has stated that the U.S. dollar-based global financial system is gradually collapsing. “After all, a currency is a derivative of the power of the economy of the country that issues this currency,” Putin noted, emphasizing: “The share of...
3 reasons why Ethereum price can't break $2K
7.10.2023
A bearish Ethereum fractal meets lower network activity as Ether's price struggles to break above $2,000