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Nalezeno "The Dollar": 4089

Report: South Sudan Government Bans US Dollar Transactions

14.2.2023
The government of South Sudan has reportedly prohibited U.S. dollar-based transactions and has directed that all local payments be settled in the local currency. The Salva Kiir Mayardit government reportedly said it also wants all signed commercial contracts to be based on the local currency. South...

Binance CEO: crypto industry will probably move to non-dollar stablecoins

14.2.2023
The Binance CEO claimed that algorithmic USD stablecoins may become more popular as well, although they “have risks.”

NFT Marketplace Blur Launches Native Token, BLUR Price Drops 85% in a Matter of Hours

14.2.2023
The Blur non-fungible token (NFT) marketplace launched its native token this week, and users who were awarded token allotments received “care packages.” Blur tokens began trading at noon on Feb. 14, reaching a high of $5.02 per token. However, the coin has since dropped more than...

Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake

14.2.2023
Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after it was discovered that Citadel Securities holds...

Dollar Stablecoins Are Great for Users and the US Government

14.2.2023
Omid Malekan writes that because stablecoin issuers liabilites live on-chain, the asset-backed tokens are arguably more secure than payment providers we use today, including PayPal

Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments

14.2.2023
While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins by market valuation that has seen...

Price analysis 2/13: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, SOL

13.2.2023
Bitcoin and major altcoins look vulnerable to a deeper correction after the crackdown on Paxos soured sentiment across the crypto market

Bitcoin flirts with bid liquidity as BTC price nears new 3-week lows

13.2.2023
Bitcoin bulls struggle to influence the trend as CPI nerves combine with already weak low-timeframe performance

BUSD Depegs From Rival Stablecoin Tether After US Regulator Tells Paxos to Stop Minting New Tokens

13.2.2023
Traders seem to be migrating from Paxos' BUSD stablecoin to tether

Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days

10.2.2023
It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease...

Stablecoin issuer Paxos probed by New York regulators

10.2.2023
While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year

Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits

9.2.2023
Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open Zeppelin, Sigmaprime and ABDK. Aave Invites Programmers...

Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power

9.2.2023
According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three...

Nouriel ‘Dr. Doom’ Roubini Warns About Demise of US Dollar

8.2.2023
Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the rise of a “bipolar” world. Roubini believes that the Chinese renminbi might be a substitute for the dollar, as new technologies like central bank digital currencies...

US Dollar to Keep Losing Its Appeal as Safe-Haven Currency of Last Resort, Says Strategist

8.2.2023
Pacific Investment Management Company (PIMCO) expects the U.S. dollar to “continue to lose its appeal as the safe-haven currency of last resort.” The $1.74 trillion asset management firm added that the USD “is likely to fall further in 2023 as inflation falls, recession risks...

Ark Invest Expects Bitcoin to Become a Multitrillion-Dollar Market — Predicts BTC Price Could Reach $1.48 Million

7.2.2023
Investment management firm Ark Invest says bitcoin is “likely to scale into a multi-trillion dollar market.” In its new report, the firm offers three bitcoin price predictions, including a bull case where bitcoin could rise to $1.48 million per coin. Ark Invest CEO Cathie Wood sees...

Binance Halting US Dollar Deposits and Withdrawals via Bank Accounts

7.2.2023
Global crypto exchange Binance is suspending deposits and withdrawals in U.S. dollars via bank accounts starting Wednesday as more and more banking institutions try to reduce their exposure to the crypto market. “We are working hard to restart service as soon as possible,” Binance said....