2019-8-28 15:05 |
Since the demise of the pound sterling, the dollar has been the global reserve currency. Now Bank of England governor Mark Carney says the next reserve could be digital. origin »
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Governor of the Bank of England Mark Carney put forward the idea of replacing the U. S. dollar with a central bank-issued cryptocurrency like Facebook’s Libra. Carney Proposes The Synthetic Hegemonic Currency On August 23, 2019, while addressing the Federal Reserve Symposium in Jackson Hole, Wyoming, Carney described how Brexit uncertainties, persistent world trade tensions, and overall weaker business activity are deteriorating the global economy.
2019-8-25 21:34 | |
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Facebook’s Libra project is getting a lot of flack. The happy-go-lucky attitude associated with this project continues to raise eyebrows. Despite some major critiques, the concept still holds merit to some.
2019-8-25 21:00 | |
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By CCN Markets: Mark Carney wants the US dollar to lose its status as the global reserve currency, pitching the idea that a digital currency could take its place at the Federal Reserve’s annual meeting in Jackson Hole, Wyoming.
2019-8-25 16:07 | |
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Bank of England (BoE) Governor, Mark Carney, in a meeting with central bankers worldwide in Wyoming, has predicted that a cryptocurrency backed by several nations could overtake the U. S. dollar as the world reserve currency.
2019-8-24 15:37 | |
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First they dismiss and laugh at you, then they criticise you, they fight you and you win. This is how the struggle for Indian Independence went according to Mohandas Gandhi, but the same path is kind of similar to the one that cryptocurrencies are going through right now. The only difference is that rather than […]
2019-8-24 01:26 | |
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BOE governor Mark Carney called on Friday for the creation of a wholly digital alternative to the U.S. dollar.
2019-8-24 23:17 | |
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Retail behemoth Walmart has filed a patent with the U. S. Patent and Trademark Office for a stablecoin that is tied one for one to a reserve of fiat currency – most likely the dollar, August 1, 2019.
2019-8-2 14:06 | |
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The Federal Reserve cut interest rates to 2. 25% on Wednesday, a move that you might have thought would please President Donald Trump. However, as the Dow Jones sold off 333 points and the U. S. dollar soared, Trump took to Twitter to berate Jerome Powell for not signaling enough easing was coming.
2019-8-1 03:00 | |
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Bitcoin has had a rough market in the last few days with its price plummeting to mid $9,000. It has however started to come up in the last 24 hours as the day for cutting interest rates by the U.
2019-7-31 21:47 | |
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The US dollar will struggle to remain the global reserve currency, in the coming decades, having already completed its tenure as a GRC. “The US dollar has been the world’s dominant reserve currency for almost a century,” wrote, bank’s strategist Craig Cohen in a report earlier this month. “We believe the dollar could lose its […]
2019-7-25 20:16 | |
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Inflation is a favorite antagonist in the cryptocurrency community. Most investors are probably familiar with the graphs showing how much value the U. S. dollar has lost since 1933, when the Federal Reserve left the gold standard.
2019-7-24 19:02 | |
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Bitcoin challenging the US dollar’s worldwide supremacy seems more likely after it emerged that even the country’s biggest bank thinks the status quo cannot last. Central Banks Amassing Gold ‘Makes Sense’ In a report issued July 10, Craig Cohen, a strategist for JPMorgan Chase, said changing habits among non-US central banks are creating a real sense of unease about the dollar’s long-term status.
2019-7-24 13:00 | |
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The first reserve currency in the near future will depreciate – said Bank of America, analyzing the statements, intentions and decisions of Donald Trump. Citing the Big Mac Index, recently published by The Economist, the bank notes that the dollar is significantly overvalued to other currencies. For example, to the euro – by almost 20%, […]
2019-7-17 15:39 | |
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Coinspeaker Ron Paul: I Am All Up For Cryptocurrencies, I Love CompetitionRon Paul, former congressman, and ex. presidential candidate called cryptocurrencies a 'great idea'. He likes competing currencies and is a long-time proponent of winding down the Federal Reserve and radically restructuring how US dollar is issued.
2019-7-16 13:53 | |
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On July 11 President Donald Trump tweeted that Bitcoin, Facebook’s Libra and all other cryptocurrencies are basically rubbish when compared to the US dollar. Now Tom Lee has a response. Bitcoin: A Store of Value or the Choice Asset of Criminals? Earlier this week the US Federal Reserve Chairman Jerome Powell made media waves and rocked crypto Twitter when he suggested that Bitcoin is a speculative store of value that functions similarly to an investment Read More The post Fundstrat Analyst Tom Lee Responds to Trump’s Bitcoin Tweet appeared first on Bitcoinist.com.
2019-7-14 09:45 | |
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White House economic adviser Judy Shelton made headlines last week after President Donald Trump nominated her to the Federal Reserve Board of Governors. The mainstream press and finance industry were surprised to learn Trump’s Fed pick is a “gold bug.
2019-7-14 00:15 | |
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Cryptocurrencies took the center stage again during Federal Reserve Chairman Jerome Powell’s second day of testimony before the U. S. Senate. Today, lawmakers expressed their concerns about the threat that bitcoin and other cryptocurrencies pose to the financial system, including the possible challenge of bitcoin replacing the U.
2019-7-12 01:02 | |
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Bitcoin does not need to do anything to become a global reserve currency until Mr. Donald Trump is in command at the White House. That is what Jameson Lopp of CASA said on Friday in response to the President Trump’s call to manipulate the value of the US dollar.
2019-7-5 17:00 | |
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The Reserve Bank of Australia has ruled that Bitcoin and other cryptocurrencies don’t threaten Aussie dollars or other forms of fiat payment. After a review on cryptos, they think it’s “difficult to envisage” an outbreak of Bitcoin users in the country.
2019-6-23 01:23 | |
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Many factors are contributing to Bitcoin’s renewed trajectory towards its USD 100,000 target. One of them is increasingly gaining prominence: The U. S. Federal Reserve. Fed Interest Rate Cuts to Weaken Dollar and to Strengthen Bitcoin The U.
2019-6-23 22:00 | |
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By CCN Markets: Price of Bitcoin established another year-to-date high on Friday, touching levels not seen in over a year. Earlier during the Asian session, the bitcoin-to-dollar exchange rate flew past the $9,800 level for the first time since May 6, 2018.
2019-6-21 15:30 | |
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Reserve Bank of Australia says Bitcoin won’t usurp the dollar in new comments
2019-6-21 13:52 | |
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The world is still processing the specifics of Facebook‘s Libra digital currency, but even the Reserve Bank of Australia (RBA) has realized it’s set to rub cryptocurrency purists the wrong way.
2019-6-20 12:38 | |
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The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price.
2019-6-4 19:03 | |
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Today’s Financial Times carried an interesting morsel this morning: Bitcoin (BTC) has proven to be a better store of value than the Argentine peso over the past 12 months. As a fiat currency, the Argentine peso – a victim of populist rule and economic mismanagement – hardly holds up to global reserve currencies.
2019-5-27 21:54 | |
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Former US presidential candidate and congressman Ron Paul is a regular critic of the United States Federal Reserve and of the country’s economic policy. In the past, the libertarian politician has spoken out in support of cryptocurrencies, suggesting that making the digital assets exempt from taxation could help avoid a “Fed-created recession.
2019-5-22 04:01 | |
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Today, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of April 30, 2019 at 11:59 PM Pacific Time: USD Coin (“USDC”) tokens issued and outstanding = 293,184,174 USDC US Dollars held
2019-5-19 23:14 | |
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History Shows Reserve Currencies Come & Go, So, Central Banks Stockpiling Gold, Is Bitcoin Next On The List? Central banks and foreign governments buying gold at the fastest pace in six years US Dollar’s days as a reserve currency are numbered Just a decade old, Digital gold – Bitcoin could emerge as a global reserve […]
2019-5-17 22:17 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
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By CCN. com: For cryptocurrency scammers, no grounds are too holy to scout for potential ‘investors’ as everyone, including churchgoers, is game. Based on an intelligence report from the New Zealand Financial Intelligence Unit (NZFIU), the Central of Bank of Samoa (CBS) has accused two ‘large churches’ in the Asia Pacific (APAC) country of assisting in the proliferation of the OneCoin cryptocurrency scam.
2019-4-26 19:10 | |
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Today, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of March 31, 2019 at 11:59 PM Pacific Time: USD Coin (“USDC”) tokens issued and outstanding = 246,586,876 USDC US Dollars held
2019-4-19 18:17 | |
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Sky’s the limit for Bitcoin, whose market capitalization could reach $100 trillion when looking at the historic trends of the US dollar and the world’s most popular cryptocurrency side by side. Dollar’s Inflation is a Feature April Fools Day aside, the only predictable thing about the US Dollar is that its purchasing power will continue to drop.
2019-4-2 03:00 | |
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The dollar hasn't lost its king status but its influence is surely wearing off. De-dollarization has already been in action for quite some time now as the global geopolitical space is divided into two camps, one who supports US currency as a global reserve tool and other ones are those that have turned their backs […]
2019-4-1 22:51 | |
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Coinspeaker Facebook’s Facecoin Set to Replace the U. S. Dollar, Not Bitcoin: Kik CEOIn a blog post, Kik Ceo Ted Livingston explained how Facebook's coin may replace the US dollar as the global reserve currency.
2019-3-25 12:03 | |
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Today, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of February 28, 2019 at 11:59 PM UTC: USD Coin (“USDC”) tokens issued and outstanding = 236,917,932 USDC US Dollars held in
2019-3-18 20:42 | |
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Popular stablecoin Tether has updated its Terms of Service (TOS) on February 26th, once again raising questions over its dollar peg. No One Does it Better Than Tether Tether has regularly come under suspicion over its claims that it’s 1-to-1 backed by the US Dollar and that it has been used to manipulate Bitcoin prices.
2019-3-16 22:00 | |
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One of the main predictions made by Bitcoin evangelists is that BTC will become the next reserve currency of the world after the dollar falls. The idea is fairly well-known and now it was also backed by Max Keiser, a popular US broadcaster and crypto supporter. The idea is based in the belief that USD […]
2019-3-12 05:12 | |
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President Donald Trump wants the Federal Reserve to keep the economy bloated with weakened post-2008 dollars. He thinks that will boost exports. And he wants to keep U. S. stocks floating on the freakish levels of monetary liquidity created by the Fed when Ben Bernanke was chair.
2019-3-5 23:32 | |
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Today, Circle released the fourth attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of January 31, 2019 at 11:59 PM UTC: USD Coin (“USDC”) tokens issued and outstanding = 307,793,724 USDC US Dollars held in
2019-2-16 23:37 | |
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Cryptocurrencies are “unlikely” to become an international monetary phenomenon in the coming years, the Federal Reserve Bank of New York has claimed. ‘Unlikely To Meet Criteria’ In a research piece on US dollar supremacy published February 11, the NY Fed argued that despite the appearance of cryptocurrency in mainstream society, only its long-term perspectives could include significant usage.
2019-2-13 18:00 | |
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With the 10th anniversary of Bitcoin’s launch under the industry’s belt, it’s hard to believe how far the space has traveled in that time. Bitcoin Magazine has asked a number of long-time members of the space to reflect on their experiences, and published author Simon Dixon spoke with us about some of his observations over the years.
2019-1-26 01:44 | |
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Today, Circle released the third attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of December 31, 2018 at 11:59 PM UTC: USD Coin (“USDC”) tokens issued and outstanding = 251,211,148 USDC US Dollars held in
2019-1-17 22:31 | |
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In his first New Year show, Max Keiser looks at what an increasingly de-globalized, de-dollarized world could mean for Bitcoin. Swift Decline For The Dollar One catalyst for the erosion of the US Dollar hegemony is likely to be the development of alternatives to SWIFT.
2019-1-3 03:00 | |
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Today, Circle released the second attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of November 30, 2018 at 11:59 PM UTC: USD Coin (“USDC”) tokens issued and outstanding = 177,190,279 USDC US Dollars held in
2018-12-19 00:15 | |
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Originally called Basecoin, Basis had secured $133 million in funding to build an algorithmic stablecoin. Its founder, Nader Al-Naji, frequently described the project using code to maintain price stability for its token in the same way the U.
2018-12-18 22:09 | |
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Former presidential candidate Ron Paul published an article titled “Trump Is Right, the Fed Is Crazy” in November 2018, pointing out for the immediate detaxation of cryptocurrencies and precious metals in the United States.
2018-12-10 14:00 | |
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The popularity of stablecoins is growing in the world of crypto. One company that has turned to stablecoins is Betreasury- a blockchain firm that wants to develop an ecosystem for financial apps. After 3 years of research, it recently launched the BUSD stablecoin.
2018-11-15 17:18 | |
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The US dollar's global reserve status is becoming precarious as competing superpowers China, Russia and Europe seek alternatives to the SWIFT system and trade settlement. China has harnessed blockchain and is close to a digital national currency that will integrate with national surveillance - could this be the largest market for privacy coins?
2018-11-15 15:00 | |
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Gennaro D'Urso is the founder of Pharma Collective and Israel Mersky is the Director at Pharma Collective. Gennaro has a background in science and entrepreneurship, while Israel comes from the advertising industry and has experience in the pharmaceutical psychedelic space.
Jasper De Gooyer is the co-founder and CTO at SEDA, a multichain, permissionless protocol connecting real-world data to any network on-chain.
Bitget, top global cryptocurrency exchange and Web3 company, is responding to trader demand and is to list SKALE (SKL). The SKALE Network is designed to enhance the scalability and efficiency of Ethereum-compatible applications.
VALR, Africa's largest cryptocurrency exchange by trading volume, has launched perpetual futures trading, featuring the world's first Bitcoin and USDT perpetual futures paired against the South African Rand.
Controversial crypto exchange Binance has appointed Richard Teng as its new CEO. The appointment follows the resignation of former CEO Changpeng “CZ” Zhao who pleaded guilty to charges levied against him by the U.S. Department of Justice.
Binance founder Changpeng “CZ” Zhao will reportedly step down as CEO of the world's largest cryptocurrency exchange as part of a $4.3 billion settlement with the United States Department of Justice (DOJ).
Since its 2009 inception, Bitcoin has heralded a shift from traditional to decentralized finance (DeFi), signaling the future of financial markets. Today, the crypto landscape extends beyond Bitcoin, with multiple projects contributing to a dynamic ecosystem of financial innovation.