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Bitcoin price eyes $22K as US PMI data hits lowest since May 2020
23.8.2022
BTC price bounces and the U.S. dollar falls from fresh twenty-year highs as PMI numbers reignite talk of recession
Bitcoin addresses in loss hit 1-month high as BTC price retests $21K
23.8.2022
There are now more than 17.5 million Bitcoin wallets underwater with little faith in a rebound coming from analysts in the face of a surging dollar
EUR Drops Below USD for the Second Time in 20 Years, Greenback’s Strength Leads to Largest Weekly Rise Since March 2020
22.8.2022
The U.S. dollar has been very strong compared to a myriad of fiat currencies worldwide and this week, the euro dropped below the USD for the second time in 20 years after meeting parity with the dollar in mid-July. The dollar’s recent brawniness has resulted in the largest weekly rise since...
Crypto.com moves forward with multimillion-dollar renovation of Staples Center following staff cuts
22.8.2022
"Brave of them... maybe fortune favor them," said one Redditor in response to an artist's rendering of the renovations
Bitcoin whales attack sellers at $22.3K as euro drops below USD parity
22.8.2022
Bitcoin struggles to make a return to higher levels despite geopolitical uncertainty striking the Eurozone
Analyst Says if Silver Dips Below $18, Precious Metal Could ‘Get Absolutely Smoked’ — Morgan Report Founder Expects a Supply Crunch
21.8.2022
While gold’s been teetering along at just under $1,750 per ounce, the price of silver has dropped considerably, sliding 2.33% in value against the U.S. dollar during the last 24 hours. Silver has lost more than 28% against the dollar during the last 165 days or since March 8, 2022. Despite...
Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper
20.8.2022
This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin...
United Texas CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'
19.8.2022
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1
19.8.2022
Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the last two weeks, selling 5,925 bitcoin worth millions...
Asia’s Markets Are in Limbo As the Dollar Gains Ground
19.8.2022
As economic downturn shadows loomed over Europe on Friday and underlined the improved comparative performance of the U.S. economy, Asian markets had been left in a state of ambiguity. The MSCI’s biggest indicator of Asia-Pacific equities outside Japan decreased by 0.1% to end a whole week...
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token
18.8.2022
The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said...
Tether reserve attestations to be conducted by major European accounting firm
18.8.2022
BDO Italia, a member of the BDO Global accounting organization, will begin producing monthly attestations of Tether’s USDT backing
Ron Paul Insists US Economy’s ‘Collapse Will Come,’ Former Congressman Says Liquidation Is ‘Absolutely Necessary’
16.8.2022
Just recently the American author, economist, and retired politician Ron Paul discussed the rising tensions between China and Taiwan during an interview and he talked about the U.S. economy as well. Paul insists that the U.S. economy’s “collapse will come,” and he further...
Proposals for New Common Currency Resonate in Latam, to Undermine US Dollar Dependency
16.8.2022
Two new proposals for a new common currency to be established in Latam have been made recently. Former Brazilian president and candidate Luis Inacio Lula Da Silva mentioned the idea in May, and the president of the Colombian Congress, Roy Barreras, mentioned the same idea during the inauguration...
US Dollar Strong Market Performance Brings Down the Euro Prices
16.8.2022
The previous week witnessed the gold prices rising in almost every trading session. At the start, the volatility was low since investors were waiting for the US inflation data to be released by the Federal Reserve. Since the gold prices were rising, traders assumed a slowdown in US inflation...
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value
14.8.2022
2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports...
While Gains Have Been Slower Than Most Crypto Assets, Meme Coin Economy Swells by 24%
13.8.2022
While a great number of crypto asset values have improved over the last month, meme-based crypto assets have also advanced against the U.S. dollar. 53 days ago on June 21, the top meme coins by market valuation were once worth $14.5 billion and since then, the meme coin economy has grown by 24.82%...
Unity Signs Multi-Million Dollar Contract To Help U.S. Army And Defense Agencies
11.8.2022
Popular video game engine Unity has had a lot of bad press over the last year, the result of things like large-scale layoffs and some really terrible comments from its CEO. Today the trend continues, as it was announced recently that the company has signed a new multi-million dollar, three-year...
South Korea Arrests Three in Multi-Billion Dollar Crypto-Linked Probe: Report
11.8.2022
Authorities are reportedly investigating $3.4 billion in "abnormal transactions" involving foreign exchange and crypto investments
These Are the Crypto Economy’s 5 Most Expensive Assets per Unit in August 2022
9.8.2022
On July 18, 2021, Bitcoin.com News researched the top five most expensive crypto assets and at that time there were two digital currencies worth five digits in value, two tokens worth four digits in U.S. dollar value, and one valued at three digits. Today, a lot has changed but currently, bitcoin...