7 / 15 Relevant items tagged with #USDollar
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Libertarian Javier Milei Wins Argentine Primaries: Experts Weigh In on Dollarization as the Peso Fades
[Aug 15, 2023 4:00 AM] Javier Milei, a libertarian politician, won the Argentine primaries with more than 30% of the total vote, causing experts to weigh in on the dollarization plans he has vowed to apply. Milei’s government plan contemplates reducing the…
Price analysis 8/14: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC
[Aug 14, 2023 12:06 PM] After weeks of low volatility, Bitcoin bulls are trying to make a comeback, but the rise in the U.S. Dollar Index may limit the upside recovery.
BRICS Is No Joke, Bloc Could Become G7 Counterpart, Experts Say
[Aug 14, 2023 3:00 AM] The BRICS challenge to the world’s established economic order is not a joke, according to experts in the field of international relations. Now that the bloc, which unites leading emerging markets, accounts for over a quarter of the global gross…
BRICS Expansion to Make West Recognize New World Order, De-Dollarization: UAE Professor
[Aug 11, 2023 5:30 PM] The accession of new members will allow BRICS to push the West to accept changes in international relations, an expert from UAE has been quoted as stating. That’s valid in particular for cross-border trade and de-dollarization, said Mohamed El…
Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments
[Aug 11, 2023 4:30 PM] Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and…
Brazil’s President Reaffirms De-Dollarization Call — Discusses BRICS Expansion
Price analysis 8/7: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC
[Aug 7, 2023 2:32 PM] Bitcoin’s failure to rebound off strong support may open further downside, as bears may be tempted to sell.
Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD
[Aug 7, 2023 8:53 AM] Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment purposes. A…
Asian Economies Could Benefit From Reduced Dollar Influence, Says Devere CEO
[Aug 5, 2023 7:30 PM] The CEO of asset management firm Devere Group says the world is shifting “away from a dollar-dominated financial system.” Emphasizing that a shift away from U.S. dollar influence “could have positive implications for Asian economies,” he…
Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’
Bitcoin price taps $29.3K as data shows ‘most resilient’ US jobs market
[Aug 4, 2023 8:21 AM] Bitcoin offers slight volatility after fresh U.S. macro data, but BTC price behavior remains firmly rangebound.
Bitcoin’s Rollercoaster Year: A 29% Gain From August 2022 to 2023 Despite Recent Dips
[Aug 4, 2023 7:30 AM] Over the past 30 days, bitcoin has dipped by 5%, yet the leading cryptocurrency has seen a gain of 29.05% from August 3, 2022 to August 3, 2023. Moreover, BTC’s value in 2023 alone has surged more than 75% against the U.S. dollar, standing…
Latin American Crypto Company Ripio Launches U.S. Dollar-Pegged Stablecoin
[Aug 3, 2023 9:41 AM] The cryptocurrency is hosted on LaChain, a recently started blockchain focused on the region.
HEX Plummets Over 40% After SEC Files Lawsuit Against Creator Richard Heart
[Aug 2, 2023 3:30 PM] After the U.S. Securities and Exchange Commission filed a lawsuit against Richard Heart and his companies Hex, Pulsechain and Pulsex, the crypto asset hex (HEX) has been in a free fall. Two-week statistics show HEX has lost 41.7% against the U.S…
Japanese Yen Hits 20-Year Low Against US Dollar; BOJ Maintains Loose Policy Amid Inflation Pressures
[Aug 2, 2023 8:00 AM] In the last month, Japan’s official currency has dipped slightly more than 1% in comparison to the U.S. dollar. Then, on Tuesday, the Japanese yen plummeted to its weakest position against the greenback in over 20 years, a shift that came…
Price analysis 7/31: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, LTC
[Jul 31, 2023 12:31 PM] Bitcoin’s record low volatility is also a sign that the next price breakout will be volatile, but everyone is guessing which direction the price will go and how it will impact altcoins.
Russian President Vladimir Putin Criticizes the ‘Use of the Dollar as a Political Weapon’
[Jul 28, 2023 11:30 PM] Russian President Vladimir Putin has railed against using the dollar as a political weapon in a meeting with the New Development Bank’s president, Dilma Rousseff. Putin stated that this weaponization and the recent developments in global…
Stronghold Expands Operation With $3M Acquisition of 2,000 Canaan Bitcoin Miners
[Jul 27, 2023 3:00 PM] Stronghold Digital Mining announced Thursday it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan. The new machines, costing $3 million, will be delivered to Stronghold’s Panther Creek facility…
ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns
[Jul 27, 2023 12:30 PM] The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too high for too long.” When ECB president Christine Lagarde was pressed about cutting rates by…
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…
Economist Jim Rickards States BRICS Currency Will Leverage Gold to ‘Destroy the Dollar’
AI Crypto Economy Suffers $1.42B Loss Since February Peak; Top Tokens Record Weekly Declines
[Jul 24, 2023 2:30 PM] In February 2023, the AI-driven cryptocurrency sector reached a staggering $4 billion in value. Yet, it has since experienced a downturn of $1.42 billion. Over the last week, eight of the top 10 AI-based crypto tokens saw declines against the U.S…
Price analysis 7/24: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, MATIC
[Jul 24, 2023 12:00 PM] Bitcoin is at the pivotal 50-day SMA support, and a drop below this level could result in accelerated selling of BTC and altcoins.
Meme Coin Economy Grows by $759M in 30 Days: DOGE and SHIB Still Dominate the Market
[Jul 23, 2023 1:30 PM] The top meme cryptocurrency assets, as ranked by market capitalization, have increased in value by $759 million over the past 30 days. Dogecoin (DOGE), leading the pack of meme coins, has risen more than 10% in the last month. Meanwhile, the second…
RFK Jr. Announces Bold Plan To Back Dollar With Bitcoin, End Bitcoin Taxes
[Jul 19, 2023 4:15 PM] Speaking at a Heal-the-Divide PAC event, Democratic Presidential Candidate Robert F. Kennedy Jr. outlined specific Bitcoin-focused policies that he would enact as president, including gradually backing the U.S. dollar with bitcoin and making…
Unlike Father, Spencer Schiff Calls Depression Warning ‘Fearmongering,’ Predicts Hyperdeflationary Boom, Bitcoin Crash; Banks on AI Future
Economist Sounds Alarm on US Dollar Losing Reserve Currency Status
[Jul 18, 2023 9:30 PM] An economist with the Heritage Foundation has warned about the potential calamity of the U.S. dollar losing its reserve currency status. He stressed that “The Biden administration has taken so many actions to dethrone King Dollar that it would be…
Price analysis 7/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, ADA, DOGE, MATIC
[Jul 17, 2023 12:30 PM] Bitcoin bulls have failed to step in, increasing the chance for a retest of the $29,500 support.
India and UAE Break Away From US Dollar: Landmark Agreement Enables Trade Settlements in Rupees and Dirhams
[Jul 16, 2023 4:00 PM] In a compelling turn of events this Saturday, India and the United Arab Emirates (UAE) inked a landmark agreement facilitating trade transactions to be settled in their native currencies, rupees and dirhams, instead of relying on the U.S. dollar…