Tag: us dollar

Sep 21 2022

CBDC Wars: Why The U.S. Must Create Its Own Stablecoin To Compete With China

Sep 21 2022 Published at Bitcoinist.com under tags  bitcoin blockchain cbdc cbdc wars crypto

The United States is embarking on a campaign toward the introduction of a CBDC, or central bank digital currency. As part of the White House's first- ever comprehensive framework, the Treasury Department is now suggesting the creation of a national stablecoin or CBDC. To counter China's advancements on the CBDC, five panelists at a hearing for the U.S. House Committee on Financial Services on...

May 11 2022

This Billionaire Warned Against Algorithmic Stablecoins in 2021, What’s Next?

Despite criticism from various quarters, the phenomenon of algorithmic stablecoins continued to gain popularity until recent past. After the massive decline in $UST’s value earlier this week, all the spotlight is on the vulnerability of these code-based stablecoins. Criticism Clouded Algorithmic Stablecoins Questions were raised in the past over a lack of collateral that supported...

Apr 28 2022

Cuba’s Central Bank Announces Digital Asset License For Crypto Companies

The Cuban central bank released regulations for virtual asset service providers on Tuesday, a move that some experts believe could help the Communist-run Caribbean island avoid hefty US sanctions. Cuban Central Bank Announces Crypto License The Central Bank of Cuba (BCC) has declared that virtual asset service companies would be granted licenses. The license will be available to both Cuban and foreign individuals...

Mar 23 2022

Wholeheartedly Agreeing With The Telegraph’s Latest Attack On BTC In El Salvador

The Telegraph’s latest hatchet job on El Salvador’s bitcoin strategy is right on the money. In a hilarious twist of events, mainstream media’s latest attack on the volcano bonds makes the case for bitcoin in all its glory. Everything that the article “The...

Feb 21 2022

Fed’s Brainard Mentions Use-Cases for a US CBDC

While so far, the US Federal Reserve doesn’t know whether it will issue its own central bank digital currency (CBDC), Lael Brainard, Federal Reserve Board Governor, on Friday highlighted several re...

Biden To Issue Crypto Executive Order This Week – Bad News For The US Dollar?

Feb 21 2022 Published at Bitcoinist.com under tags  biden eo bitcoin cbdc crypto crypto news

United States President Joe Biden is poised to release a crypto executive order this week, an administration official with knowledge of the matter disclosed. The EO will direct government agencies to conduct detailed examinations of various areas of the crypto asset landscape in order to develop an extensive regulatory framework. According to reports, the...

Feb 09 2022

USD/RUB Price Challenges 200 DMA After Slipping Below $80.0

Feb 09 2022 Published at Coingape under tags  bitcoin news price analysis us dollar

The USD/RUB pair retains the $76.0 threshold, where it currently hovers. The US dollar eased alongside...

Nov 03 2021

From The Ground: The “Bitcoin In El Salvador” Documentary, What Did We Learn?

The audiovisual part of the “Bitcoin in El Salvador” documentary is truly amazing. Dutch national Arnold Hubach, Bitcoin Magazine NL’s editor, got shots that are out of this world. He recorded the good, the bad, and the ugly about the whole Bitcoinization process. The man is obviously partial to Bitcoin but, from the political point of view, he gave us much needed neutral...

Jul 17 2021

Bond King, Gundlach thinks dollar is ‘doomed’ and BTC looks ‘scary’

Jeff Gundlach, the Billionaire investor, DoubleLine Capital CEO, also known as the "Bond King" has commented against the price of the dollar in the foreseeable future. Additionally, he said that Bitcoin prices may also reduce considerably. Dollar is Doomed Jeff Gundlach shared that the state of inflation in the US is bad, and especially post-pandemic The post Bond King, Gundlach thinks dollar is...

Jun 06 2021

Day TWO: Key Quotes And Ideas From Of The Bitcoin 2021 Conference In Miami

The Bitcoin 2021 conference is over. The lessons remain. This time, they turned off the livestream’s chat. An elegant solution. A wasted opportunity, the virtual community couldn’t gather around the fire. But hey… much better than watching robots pushing low-quality projects non-stop. And it was easier to focus on the presenter’s words. Still, it felt like something was amiss....

Apr 09 2021

A Bitcoin Correction Towards $55,000 Likely At The End of Week

Key Bitcoin Price Outlook Bitcoin reaches a short-term resistance trendline that constitutes a descending channel pattern. The cryptocurrency risks upside rejection heading into the weekend session. Its downside target lurks near $55,000. Sliding US bond...

Bitcoin Eyes Long-Term Benefits on Central Banks’ Dollar Ditch

If global central banks are any indicator, the bitcoin price can continue its supersonic bull run despite hitting a pause in the past three weeks. At the core of the bullish theory is the US dollar. True, the global store of value has attempted impressively to emerge out of its 2020 bearish trend, the one that...

Apr 08 2021

Boom for Bitcoin as Macro Analysts Stick to Their Bearish Dollar Calls

Bitcoin and the US dollar have stopped caring about their inverse correlation heading into 2021. The flagship cryptocurrency closed the first quarter more than 100 percent higher as more and more institutions became accustomed to its safe-haven characteristics. For instance, US carmaker Tesla...

Apr 01 2021

Bitcoin Price Doubles in Institutionally-Driven First Quarter; What’s in Q2?

Bitcoin went into an upside mania in the first quarter of the year. The flagship cryptocurrency surged by roughly 102 percent as investors showed no fears of risk-taking. On the contrary, they embraced it as interest rates on government bonds rose but remained near their historically low levels. New rounds of government stimulus packages further pushed investors to risky corners of the market,...

Mar 08 2021

US Dollar’s Boom in 2021 Puts Bitcoin Price Rally At Risk of Faltering

Mar 08 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency dxy

Many Bitcoin strategists and investors started 2021 with deep-rooted convictions that the US dollar would weaken. But so far into the year, their predictions have proven to be false. While Bitcoin has gained 73 percent against the dollar since the start of January, extending its uptrend further since the pandemic rout in March 2020, the greenback is trading higher against a basket of...

Feb 23 2021

Paxos’s Chad Cascarilla: How Blockchain Tech Could Prevent Another GameStop/Robinhood

Feb 23 2021 Published at Unchained Podcast under tags  2021 banks bitcoin blockchain cbdc

In this episode of Unchained, Chad Cascarilla, CEO and cofounder of Paxos, explains how the 2008 financial crisis led him to crypto, what financial plumbing has to do with GameStop, and how Paxos is leveraging blockchain technology to change financial services. In this episode Chad discusses: his work experience prior to Paxos and...

Feb 17 2021

A Look at the US Dollar as Bitcoin Wobbles Around $50,000

Halfway through the first quarter of 2021, the US dollar has performed fairly better against the booming risk-on sentiment that has witnessed the S&P 500, the Dow Jones, the Nasdaq Composite, and even Bitcoin achieve their respective record highs. The greenback showed resilience against bears in the...

Feb 02 2021

Bullish Bitcoin Fundamentals Point to Renewed Price Rally Ahead

Feb 02 2021 Published at CoinDesk under tags  bitcoin markets news us dollar

Analysts cautioned that a stronger dollar could play spoilsport to any new push higher.

Feb 01 2021

Bitcoin Weekly Outlook: Market Looks to Capitalize Wall Street Chaos

Feb 01 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt us dollar

Bitcoin prices finished the last week slightly higher despite a rebound in the US dollar. The flagship cryptocurrency ended 2.63 percent higher on the Coinbase exchange for the week. Meanwhile, the new weekly session began on a positive outlook. Bitcoin was up 1.47 percent, trading slightly above its short-term support level of the 20-day exponential moving average of $33,461. With no big events...

Jan 22 2021

Is Tether a Fraud? Its Bank Says It’s Not

Gregory Pepin, deputy CEO of Deltec Bank and Trust, responds to allegations in a blog post by the pseudonymous Crypto Anonymous, that Tether is a "highly probably fraud." In this episode, he covers: how Deltec accounts for its reserves, and why they didn't show up on Crypto Anonymous's blog post...

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