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Price analysis 11/6: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON
6.11.2023
Bitcoin price is consolidating near $35,000. Will altcoins capitalize on the sideways price action and move higher?
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
Tether issues $610M debt financing to Bitcoin miner Northern Data
2.11.2023
In September 2023, Tether also invested an undisclosed amount in Northern Data in a move backing AI initiatives
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...
Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2
31.10.2023
e-HKD Phase 1 trial was dedicated to full-fledged payments, programmable payments, offline payments, tokenized deposits, settlement of Web3 transactions and settlement of tokenized assets
Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON
30.10.2023
Bitcoin’s reluctance to give up ground has attracted strong buying in select altcoins
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...
FDUSD’s Meteoric Rise: 62% Surge in Supply and 6th Highest Trading Volume Globally
28.10.2023
In the span of the past 85 days, the recently introduced stablecoin known as FDUSD has witnessed a significant surge in its circulating supply, soaring by 62% since the commencement of August. This surge in supply has propelled FDUSD into the echelons of the top ten stablecoins by market...
Nigeria Plans to Include Fintechs in Broadened Official Currency Market
26.10.2023
A Nigerian official recently said the foreign exchange-starved country plans to include “legitimate” market participants like bureaux de change and financial technology companies in the official forex currency market. Finance Minister Wale Edun also said the country will receive...
Stablecoin market escaping US regulatory oversight: Chainalysis
24.10.2023
Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, according to Chainalysis
Price analysis 10/23: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON
23.10.2023
Bitcoin is showing renewed strength and targeting yearly highs. Will altcoins follow suit?
BTC price nears 2023 highs — 5 things to know in Bitcoin this week
23.10.2023
Bitcoin is back near its year-to-date highs, but BTC price moves belie an underlying lack of support, analysis fears
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....
Binance Resumes Euro Transfers Through New Fiat Partners
21.10.2023
Cryptocurrency exchange Binance is restoring fiat services for customers using the common European currency, the euro (EUR). The coin trading giant announced that users are already migrating to the new platforms it partnered with in the wake of losing the services of Paysafe. Crypto Exchange...
U.S. Risks Unleashing Second 'Eurodollar' Market if It Dallies on Stablecoin Regulation
19.10.2023
Binance US Ends FDIC Insurance for Crypto Holdings, Citing Updated Terms of Service
18.10.2023
The US Branch of the world's largest crypto exchange, Binance US, recently communicated to its users that their cryptocurrency deposits are no longer covered by Federal Deposit Insurance Corporation (FDIC) insurance.
In an email sent to its customers on October 16, Binance US announced updates...
Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better
17.10.2023
Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated
Fed Governor Bowman Says U.S. CBDC May Pose 'Significant Risk'
17.10.2023
Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC's job better, and she's also suspicious of the dangers of stablecoins
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
Binance US asks users to convert USD into stablecoins for withdrawals
17.10.2023
Binance.US users “may convert” their USD funds to stablecoins or other digital assets in order to withdraw USD funds from their accounts, the firm said