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Nalezeno "The Dollar": 2810

The Dollar Can Be a Protocol for the Future of Money

30.9.2022
USDC's stablecoin-fueled model of money, in which the dollar functions as an open “protocol,” could allow innovation to flourish. But healthy competition is a prerequisite

Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD

29.9.2022
Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have been depreciating against the dollar, the yuan...

Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar

29.9.2022
Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank...

Brits are Turning to Bitcoin as the Pound Plummets Against the US Dollar

29.9.2022
Bitcoin (BTC) has been winning the attention of British investors amid a plunge in the price of the British pound (GBP) against the dollar. Data first pointed out by James Butterfill, head of research at Europe's largest digital asset investment firm CoinShares, indicates that Bitcoin trading...

First Mover Asia: Bitcoin Holds Strong Over $19K; Why Is the Dollar Dominating?

29.9.2022
The largest cryptocurrency by market capitalization has weathered severe macroeconomic uncertainty in recent weeks to maintain its current threshold

Fed Chair Jerome Powell Updates Work on Digital Dollar — Says US Central Bank Digital Currency Will Take ‘at Least a Couple of Years’

29.9.2022
Federal Reserve Chairman Jerome Powell says the U.S. central bank is looking at whether to issue a digital dollar with a “very broad scope.” He noted that the Fed is collaborating with Congress and the executive branch on whether to issue a central bank digital currency. Fed Chair...

Jack Dorsey’s TBD Teams Up With Circle to Take US Dollar Stablecoin Savings and Remittances Global

29.9.2022
The partnership aims to improve people’s access to dollar-linked stablecoins in countries with rapidly devaluing currencies

Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Days

29.9.2022
Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most of 2022, the second largest stablecoin by market capitalization, USDC has been above...

The Era Of $70 Games Truly Begins This Fall

28.9.2022
The year is wrapping up, and that means we’re nearing the busiest time for video game releases. And even though covid-19 has thrown a wrench in the entire industry and led to numerous delays, a few big games are still launching in the next few weeks. But if you want to enjoy them, you’ll need...

Bank of England Suspends Tightening Policy as Pound Nosedives — Central Bank to Start Purchasing Long-Dated UK Government Bonds

28.9.2022
Following the extremely volatile European markets during the past few days and the euro and pound dropping rapidly against the U.S. dollar, the Bank of England has decided to intervene in bond markets. U.K. government bond yields have been erratic and the pound sterling also dropped to a lifetime...

Why Is the Dollar Crushing Global Currencies if Inflation Is so Bad?

28.9.2022

Australia Issues White Paper for Central Bank Digital Currency

28.9.2022
Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties to participate with proposals and suggest pilot projects. Central Bank of Australia to Pilot...

‘There Are No Safe Havens' When the Dollar Is Strong, Veteran Trader Says

27.9.2022
The U.S. dollar is soaking up global liquidity, so “everything else is starved,” Glen Goodman, a longtime trader and author, said on CoinDesk TV’s “First Mover.”

Bitcoin price loses $20K as trader warns US dollar 'not quite topped out'

27.9.2022
Bitcoin fails to avoid returning back under $20,000 after local highs prove too much to sustain

Crypto-focused MPC developer raises $40M

27.9.2022
Multi-party computation, or MPC, is a subset of cryptography that distributes computation across multiple parties

Bitcoin, British Pound trading volume soars 1150% as UK's currency risks dollar parity

27.9.2022
Doom and gloom for some British pound investors is neatly avoided with a Bitcoin flight

Mature Bitcoin Wealth Taps an All-Time High — Diamond Hands Trend Highlights ‘Refusal to Spend’

27.9.2022
After bitcoin neared $25K roughly 44 days ago, the crypto asset’s price has lost more than 17.88% in value against the U.S. dollar. Onchain analysis from researchers at Glassnode details that the price drop has placed short-term holders into “severe unrealized loss.” Long-term...