4 / 5 Relevant items tagged with #USD
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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.
Chinese Yuan Not Serious Threat to US Dollar Hegemony, Says Economist
Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’
Former Central Banker Discusses How Chinese Yuan Could Become on Par With US Dollar
[Jul 25, 2023 10:00 PM] A former central banker has explained that three conditions must be met for the Chinese yuan to become a currency on par with the U.S. dollar and the euro. Noting that the yuan is already the third-largest international currency after the USD and…
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $30,000, Following Latest US Retail Sales Report
[Jul 19, 2023 6:32 AM] Bitcoin slipped below the $30,000 mark on Wednesday, as markets continued to react to the latest U.S. retail sales report. Sales rose by 0.2% last month, which is more than the 0.5% sum many had forecasted. Ethereum has remained resilient, climbing…
Bitcoin, Ethereum Technical Analysis: ETH Over $1,900 as Greenback Weakens on Tuesday
[Jul 11, 2023 6:30 AM] Ethereum moved briefly above the $1,900 level on Tuesday, as the U.S. dollar weakened versus several G7 currencies. The biggest fall came versus the British pound, with USD/GBP hitting a 15-month low. Bitcoin also rose higher, climbing past $31,000…
As Zimbabwe’s Fiat Currency Crashes Again, Bitcoin Adoption Is Poised To Last
[Jul 11, 2023 6:00 AM] This is an opinion by Thabo P. Ncube, a Bitcoiner who lived through Zimbabwe’s hyperinflation in 2008.The Reserve Bank of Zimbabwe (RBZ), the fiat custodian and lender of last resort in the country, recently “liberalized” its much-vaunted foreign…
Circle Considers Issuing Stablecoin in Japan Under New Rules
[Jul 5, 2023 7:18 PM] The issuer of the USD coin is considering introducing a stablecoin in Japan, under the country's new regulatory framework.
Bitcoin Cash Hashrate Gains Momentum: Miners Flock to BCH as Profitability Surges
[Jun 30, 2023 11:30 AM] Over the past two weeks, bitcoin cash has experienced a significant surge, increasing 182% against the U.S. dollar and attracting more hashrate to its network. Approximately 22 bitcoin cash mining pools are now allocating SHA256 hashrate to the…
Lightning Network Hits Record Highs In Bitcoin And US Dollar Capacity
Binance US Restores USD Withdrawals, Suggests Users Withdraw or Spend Their Dollars
[Jun 23, 2023 12:30 PM] The U.S. subsidiary of the world’s largest crypto exchange, Binance, announced it has resolved the issues with U.S. dollar (USD) withdrawals. The trading platform, which recently averted an asset freeze sought by the United States Securities…
Binance.US solves USD withdrawal issues but warns it won't last long
[Jun 22, 2023 9:21 PM] “While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future,” said Binance.US.
JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy
Chinese Yuan, Euro, Digital Currencies Challenge US Dollar Dominance, TD Economist Says
[Jun 6, 2023 5:30 PM] A senior economist at financial services firm TD says the Chinese yuan, the euro, and digital currencies could erode the U.S. dollar’s dominance. “Several countries have shown frustration with the dominance of the dollar and are pursuing…
Central Banks Show ‘a Lot More Pessimism’ About US Dollar, Survey Shows
[May 31, 2023 5:30 PM] The latest gold reserves survey by the World Gold Council shows that central banks are less optimistic about the future role of the U.S. dollar while their confidence in gold has risen. “There was basically a lot more pessimism about the U.S…
Russia Actively Shifting to Settlements in National Currencies, US Dollar Share Declining, Says Foreign Minister
[May 30, 2023 7:30 PM] Russia is actively shifting to settlements in national currencies with its partners, Foreign Minister Sergey Lavrov has affirmed. He expects the transition away from the U.S. dollar to only gain momentum. “This is true not only for Africa, but also…
Chinese Yuan to Replace US Dollar as World’s Reserve Currency, Says Russian Banker
[May 28, 2023 6:00 PM] Russia’s second-largest bank’s chairman says there is every reason to expect the Chinese yuan to replace the U.S. dollar as the world’s main reserve currency. He highlighted that the central bank of Russia has already begun investing its…
Will This Political Deal In The US Save Bitcoin and Crypto?
[May 26, 2023 3:00 PM] Politicians in the United States will likely strike a deal and raise the government’s $31.4 trillion debt ceiling for two more years. Amid this debate, the price of Bitcoin is firm but lower, tracking below the psychological $30,000 level as bulls…
Stablecoin survival: Navigating the future amid global de-dollarization
[May 19, 2023 4:41 AM] The stablecoins with the largest market cap are pegged to the U.S. dollar, so what risk does de-dollarization pose to stablecoin users?
US Dollar’s Importance Declining in International Transactions and as Reserve Currency, Economist Says
[May 16, 2023 5:30 PM] A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in international trade and as a reserve currency has been declining. “Other currencies have been getting more important in international…
Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning
[May 14, 2023 11:22 PM] The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success.
Economist Predicts Shift to Tripolar Reserve Currency World — Yuan, Euro to Disrupt US Dollar’s Dominance
[Apr 29, 2023 4:00 PM] Economist Stephen Jen, a former Morgan Stanley managing director, expects a shift “from a unipolar reserve currency world to a multipolar world,” with the Chinese yuan, the euro, and the U.S. dollar forming a “tripolar” reserve currency…
BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds
[Apr 22, 2023 3:00 AM] The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable…
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $30,000 on Monday, as US Dollar Rallies
[Apr 17, 2023 6:30 AM] Bitcoin started the week trading below $30,000, as the U.S. dollar strengthened during Monday’s session. USD/JPY rose to a one-month high, with the greenback also gaining against the euro and British pound. Ethereum was also lower, falling…
Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical
[Apr 16, 2023 7:53 PM] Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty.