Stablecoins Are Beneficial to U.S. Economy, Tether's Custodian Says
[Apr 11 3:58 AM] Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said.
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Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
[Apr 10 2:34 PM] The Central Bank of Nigeria has barred the use of foreign exchange as collateral for local currency loans. In its April 8 letter addressed to banks, the CBN warned of severe consequences for banks that fail to comply with the latest directive…
Crypto Community Fires Back at Hillary Clinton’s Criticism of Bitcoin Undermining US Dollar as Reserve Currency
[Feb 12 8:00 PM] The crypto industry has responded to criticism from Hillary Clinton, who said that cryptocurrency can undermine the role of the U.S. dollar as the world’s reserve currency. Galaxy Digital CEO Mike Novogratz argued that the only thing that…
Russian President Putin Discusses Dedollarization — Calls US Dollar Weaponization a ‘Grave Mistake’
[Feb 10 8:30 PM] Russian President Vladimir Putin says the U.S. dollar is the main weapon used by the United States to preserve its power across the world. However, he stressed that when “the political leadership decided to use the dollar as a tool of…
China's Currency Woes to Weigh on Bitcoin: Crypto Observer
[Jan 22 9:18 AM] Measures taken by the People's Bank of China to cushion yuan against the stock market slide could weigh over bitcoin's price.
Morgan Stanley Sounds Alarm on US Dollar’s Dominance — Says Crypto Could Significantly Alter Currency Landscape
[Jan 21 11:00 PM] Morgan Stanley has warned about the risk of the U.S. dollar losing its dominance, fueled by growing interest in digital assets, including bitcoin. Emphasizing that the U.S. dollar’s dominance “is being increasingly scrutinized,” the investment bank
Economist Warns the Demise of US Dollar Hegemony Is ‘Really Upon Us’
Paxos to issue USD stablecoin in Singapore, wins initial approval
[Nov 15, 2023 8:53 PM] The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval.
Economist Peter Schiff: Complete Separation of US-China Economies Would Be ‘a Disaster for America’
[Nov 11, 2023 5:30 PM] Economist Peter Schiff has warned that a complete separation of the Chinese and U.S. economies would be “a disaster for America, but a boon for China.” He explained: “Americans would be stuck with fewer goods and higher prices, while the…
Stablecoin issuer Circle weighing up 2024 public launch: Report
[Nov 7, 2023 8:49 PM] Circle initially agreed to go public as part of a $4.5 billion merger in July 2021 but that deal fizzled out.
Economist Peter Schiff Says US Dollar Will Tank — Warns of USD Owners Getting Destroyed
Economist Peter Schiff Warns of Deep Recession, Inflationary Depression, and Collapse of US Dollar Demand
[Oct 21, 2023 7:30 PM] 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…
Binance Resumes Euro Transfers Through New Fiat Partners
[Oct 21, 2023 1:30 AM] 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…
What is USDT? All About Tether Stablecoin Cryptocurrency
[Oct 19, 2023 1:52 PM] USDT, also known as Tether, has become an integral part of cryptocurrency markets since its launch in 2014. Pegged 1:1 to the US dollar, it is the most widely used stablecoin with a market capitalization of over $83 billion as of October 2023. But…
Binance.US Halts Direct Dollar Withdrawals
[Oct 17, 2023 6:14 AM] Dollar deposits in user wallets are no longer eligible for FDIC insurance protection, according to the updated terms of use.
Stocks fall, yields rise as inflation data comes in hotter than expected
[Oct 12, 2023 3:40 PM] The stock market declined on October 12 as the US BLS released new data showing prices rose faster than expected.
Renowned Investor Jim Rogers Warns of US Dollar Dominance Ending — Sees Chinese Yuan as the Only Competitor
[Oct 11, 2023 8:30 PM] Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has reiterated his warning of the end of U.S. dollar dominance. “I know that the era of the U.S. dollar is coming to an end. No currency…
US stocks rise as traders wait for inflation data
[Oct 11, 2023 4:30 PM] All US stock indices rose on October 11, as traders awaited consumer price index data to be released on the 12th.
US Stocks rise for third straight day as bond yields fall
[Oct 10, 2023 4:08 PM] Treasury yields declined, giving stock market bulls new momentum.
Analyst Warns of US Dollar Collapse, Predicts Bitcoin Owners to Benefit
US Stocks Overcome Early Decline Amid Israeli-Gaza Tensions to Close Higher
[Oct 9, 2023 4:00 PM] The Dow and S&P 500 fell early in the day, but rebounded to end the day positive.
American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: ‘Central Bank Digital Currencies Will Become the Basis of Payments’
[Oct 6, 2023 4:30 PM] Jeffrey Sachs, an American economist and best-selling author, has stated that the end of the dollar’s hegemony is near and that central bank digital currencies (CBDCs) will become the basis of cross-border settlements. For Sachs, the abuse of…
Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance
Will Bitcoin Drop To $20,000? EURUSD Correlation Indicates It Might
[Sep 25, 2023 3:30 AM] In recent discussions surrounding Bitcoin (BTC) and its potential future price trajectory, crypto-enthusiasts and analysts alike are finding new correlations to dissect. Most notably, a correlation with the EURUSD pair (the euro against the US…
Terra Classic Community Votes to Stop USTC Minting as Revival Efforts Continue
[Sep 25, 2023 3:02 AM] TerraUSD Classic, the stablecoin at the center of Terra’s implosion, will no longer be minted.
Mark Cuban Hacked for $870K in Crypto, Economist Warns of ‘Tragic Ending’ for USD — Week in Review
PayPal Reportedly Overpaid $510,750 In The Largest USD Bitcoin Transaction Fee Ever
[Sep 13, 2023 11:12 AM] In a surprising turn of events, PayPal, the global online payments giant, reportedly overpaid a staggering $510,750 on a Bitcoin transaction fee. The incident, initially thought to be a "fat-fingered" mistake, has now been traced back to an…
Binance pushes new stablecoin as it confirms plan to cease BUSD support
[Aug 31, 2023 2:04 AM] Paxos has earlier said it will halt support of Binance's stablecoin by February 2024, now the exchange has said it will also stop support by that time.