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While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point rate hike on Wednesday. Greenback Climbs Higher Amid Economic Uncertainty … Read more
The algorithmic stablecoin stemming from the Terra (LUNA) network has become the third-largest stablecoin token in terms of market capitalization at $17.54 billion. As of today, UST’s market capitalization has surpassed the BSC-based stablecoin BUSD by more than $67 million. Stablecoin Terrausd Surpasses BUSD’s Market Valuation There’s a new leader in the world of stablecoins, … Read more
The crypto economy has managed to remain above the $2 trillion mark during the last five days since March 22. Currently, the global cryptocurrency market capitalization is 1.3% higher during the last 24 hours, as the valuation stands at $2.1 trillion today. Furthermore, the price of bitcoin jumped over the $46K zone on Sunday as … Read more
While Miami’s mayor Francis Suarez told the public he was a big believer in bitcoin and has accepted his pay in bitcoin, at the same time, a crypto coin called miamicoin (MIA) was launched. The Miamicoin project’s goal was to give Miami’s “citizens and supporters the power to support, improve and program the Magic City.” … Read more
A recent note from Bank of America analysts said that a CBDC would differ from digital currencies currently available because it would be the liability of the Federal Reserve, not a commercial bank. Go to Source Powered by WPeMatico
America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Senator Rand Paul, R-Ky., believes the inflation is “only going to get worse” and he published a report on the issue and blamed excessive … Read more
One of the hottest topics in the United States in 2022 is the rising inflation, as the U.S. Labor Department’s data published on Wednesday indicated that the consumer price index (CPI) rose to 7% in December. This represents the largest annual jump since 1982. Federal Reserve governor Lael Brainard is set to tell congressional leaders … Read more
The American social media personality and model, Alexis Ren believes the fiat economy is “collapsing” and recently she told the press she thinks cryptocurrencies offer a viable alternative. In a recent interview, Ren explained her interest in crypto is fueled by the socialite’s reservations in the dollar-based economy. Alexis Ren: ‘The Economic Structure We Have … Read more
In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional reserve currency defi protocols today, as OHM is a free-floating currency backed only by what’s held in the Olympus DAO treasury. OHM may not be … Read more
Nine days ago, bitcoin reached a new all-time high (ATH) and now the second leading crypto asset ethereum has tapped an ATH on Friday morning. Ethereum reached a high of $4,416 per unit and has since retreated around 2% down from that price position. Ethereum Reaches New All-Time Price High The second-largest crypto market capitalization … Read more
