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Ruble Hits 7-Year High, Bukele, O’Leary Unfazed by Crypto Downturn, Elon Musk Will Keep Buying DOGE — Bitcoin.com News Week in Review

26.6.2022
As sanctioned Russia’s fiat currency soars in value against the U.S. dollar, and crypto markets remain unpredictable, economists and crypto enthusiasts continue to puzzle and debate over what the next market move will be. In spite of this, several influential voices remain unperturbed when...

Billionaire Seth Klarman: I Can’t See the Point of Crypto — Nobody Needs to Own It

23.6.2022
Billionaire investor Seth Klarman says he cannot see the point of crypto. “I don’t think anybody needs to own it. It just seems to me that it could end up very much in tears,” he added. Seth Klarman on Crypto Investing, Gold, and U.S. Dollar American billionaire investor...

US lawmaker lays out case for a digital dollar

22.6.2022
"It is now time for Congress to begin the process of considering and ultimately passing authorizing legislation for the issuance of a U.S. CBDC," said Representative Jim Himes

Digital Dollar Would Secure Greenback as Global Reserve Currency, Lawmaker Argues

22.6.2022
U.S Rep. Jim Himes (D-Conn.) published a report supporting the introduction of a central bank digital currency on Wednesday

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

21.6.2022
Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since...

Top Privacy Cryptocurrencies by Market Cap Lost Half Their Value in Less Than 2 Months

21.6.2022
Since the end of April, the top privacy crypto assets by market capitalization went from a combined value of $10.7 billion to today’s valuation of around $5.09 billion. During that time frame, monero lost 48% in value while zcash shed 56% against the U.S. dollar. Privacy Coin Economy Sheds...

USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged

21.6.2022
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity,...

First Mover Asia: A Chinese Alternative to Dollar-Based Stablecoins? Widening the Use of the CNH Presents Challenges; BTC Remains Above $20K

21.6.2022
The token is a version of China’s currency designed for offshore use; other cryptos are mixed in light trading

More 'forced selling' ahead'? Purpose Bitcoin ETF holdings plunge by 51% in biggest outflow ever

20.6.2022
The shocking Bitcoin withdrawals appeared as BTC's extended its decline below $20,000 over the weekend

Magic Internet Money token depegs as Terra (LUNA) domino effect persists

18.6.2022
Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall, which has been refuted by founder Daniele Sestagalli

BTC price rejects at $23K as US dollar declines from fresh 20-year highs

16.6.2022
The Fed rate hike does not offer much relief as a downtrend in stocks resumes, dragging Bitcoin with it

Tether aims to decrease commercial paper backing of USDT to zero

15.6.2022
Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it

Tron’s Stablecoin Peg to Dollar Wobbles; Justin Sun Swears to Deploy $2B to Prop Up

13.6.2022
Decentralized USD (USDD) fell to as low as 91 cents on crypto exchanges early Monday as crypto markets crashed in the wake of the latest liquidity crisis

OpiPets: The Rise of Blockchain in Formula 1

13.6.2022
PRESS RELEASE. Formula One is one of the greatest sports in the world and brings about the best automobile teams which compete for the title yearly. From the racing tracks in Spa to the roads of Monte Carlo in Monaco, Formula One has developed into a billion-dollar industry with teams and drivers...

Moneygram Launches USDC Crypto-to-Cash Program in Certain Markets

12.6.2022
Moneygram, a remittance and payments company based in the U.S., has announced the integration of USDC, a dollar-pegged stablecoin, as a settlement asset for its cash to crypto and crypto to cash program. The company will first allow users to exchange USDC for cash and vice versa in certain markets...

Just Above $1 Trillion — Crypto Economy’s Value Slips Lower Than the Lows Recorded Last July

11.6.2022
The $1.19 trillion crypto economy is now lower in value than the lows recorded in July 2021. During the last week, digital currencies like bitcoin, ethereum, caradano, and xrp, have shed significant value against the U.S. dollar, as the top cryptos have lost 50% to more than 80% from their all-time...

Defi Platforms and Smart Contract Tokens Suffer the Most During the Crypto Market Rout

11.6.2022
While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens has suffered a great deal. Statistics show that the total value locked in defi has dropped 7.96% since...