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Bitcoin Drops to $19.7K as Recession Concerns Weigh on Financial Markets, Euro Nears Dollar Parity
12.7.2022
Singapore’s state-owned investor Temasek said it sees more broader-market declines in coming months
Bitcoin risks new lows as $20K looms amid dollar euro parity
11.7.2022
Support is thin on the ground, analysts and traders warn, as ex-BitMEX CEO Arthur Hayes heralds the start of the fiat currency "doom loop" with USD/EUR parity
Crypto Exchange Bitso Launches Remittance Service in Colombia
11.7.2022
Bitso, a Mexican-based, Latam operating cryptocurrency exchange, announced it is launching a remittance service in Colombia. The company will now allow its customers in Colombia to send and receive remittances using dollar-pegged stablecoins on the platform. The exchange launched a similar service...
70 to 90% Down — Crypto Economy’s Decline Shakes Out $2 Trillion in 8 Months
10.7.2022
During the past eight months, crypto assets have shed enormous value against fiat currencies like the U.S. dollar. Bitcoin has shed 69% since the leading crypto asset’s all-time high on November 10, 2021, when the digital currency’s value tapped $69K per unit. The crypto economy...
5 Ways That the Super-Strong US Dollar Could Hurt the World Economy
10.7.2022
Alexander Tziamalis, Senior Lecturer in Economics, Sheffield Hallam University, and Yuan Wang, Senior Lecturer in Economics, Sheffield Hallam University.____
The US dollar has been on a major surge against major global currencies in the past year, recently hitting levels not seen in 20 years....
Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation
7.7.2022
The Central Bank of Nigeria (CBN)’s attempt to incentivize the country’s forex market through the so-called “Naira for Dollar” scheme has failed. This is evidenced by the local currency’s plunge of more than 25% since the launch of the incentive scheme in March...
Ethereum Scaling Solution Immutable X Will Allow Ether-to-Dollar Withdrawals
7.7.2022
The tool is one of the first layer 2 services to allow users to withdraw US dollars
Salary payments in USDT stablecoin ruled as illegal in the Chinese court
6.7.2022
Tether USDT stablecoin cannot be used for salary payments, a Chinese court ruled, citing the country’s blanket ban on all types of crypto transactions
Bitcoin price approaches potential springboard to $23K as DXY cools surge
6.7.2022
With support and resistance inches from spot price, BTC/USD has increasingly little room to consolidate
Fed conference hears stablecoins may boost USD as global reserve currency
6.7.2022
The underlying tech of a central bank digital currency wasn’t enough to convince some panelists at a Fed conference that it could change the international currency system
Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent
5.7.2022
The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and analysts believe that the risk of “parity is just a matter of time now.” […]
Bitcoin faces fresh pressure as US dollar crushes gold, risk assets
5.7.2022
BTC/USD falls $1,000 while spot gold gives up 2% as USD strength intensifies, beating the year's previous peaks
Tron’s USDD Regains Stability After Tapping an All-Time Low at $0.92
5.7.2022
Between June 13 and June 27, or roughly two weeks, Tron’s stablecoin USDD dropped lower than the $1 parity and slipped to a low of $0.928 per unit on June 19. During the past seven days, USDD has managed to jump back to the $0.98 to $0.99 region while reaching $1 on July 3. Tron’s...
Circle's USDC on track to topple Tether USDT as the top stablecoin in 2022
5.7.2022
The USDT-to-USDC market cap ratio fell to its lowest ever in July 2022
'Wild ride' lower for BTC? 5 things to know in Bitcoin this week
4.7.2022
The holiday weekend is making everyone nervous as BTC price action hovers at $19,000
USD stablecoin premiums surge in Argentina following economy minister's resignation
4.7.2022
Argentina has been in a long-standing battle against rising inflation and a continued decline of the peso against the U.S. dollar
Bitcoin's inverse correlation with US dollar hits 17-month highs — what's next for BTC?
3.7.2022
Market pundits anticipate the dollar rally to either stall or correct by the end of 2022, benefiting Bitcoin
Crypto Exchange Coincoinx to Launch Crypto to Fiat Payments App in Venezuela
2.7.2022
Coincoinx, a cryptocurrency exchange, will reportedly launch a service that will allow users to skip trading crypto for fiat to make payments in Venezuela. The service, which is called Coinpago, will allow users to make payments in every store and retailer in the country that accepts Pagomovil,...
Vladimir Putin Says West’s Attempt to ‘Crush the Russian Economy’ Did Not Succeed
1.7.2022
Last week the Russian ruble hit a seven-year high against the U.S. dollar and while analysts have downplayed the rise, one economist said people should not “ignore the exchange rate.” American economists have been perplexed about the ruble’s market performance and Russian...
Fire Emblem Heroes Becomes Nintendo’s First Billion-Dollar Mobile Game
1.7.2022
I’ll admit that, until yesterday, I had no idea Fire Emblem Heroes was still active and updated. But a lot of people are still playing the game and apparently spending money on it, too. New data shows that Fire Emblem Heroes has just reached $1 billion in revenue, becoming the first Nintendo mobile...