Canadians are being asked what features they wish to see in a digital Canadian dollar even though there are no plans yet to issue one.
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Category: Canadian Dollar
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Investor Richard Mills Says Economy Is Rushing Into a ‘US Dollar Crisis of Epic Proportions’
While the U.S. dollar has been extremely robust in recent times, compared to a myriad of fiat currencies worldwide, a number of analysts and economists think the greenback will eventually falter in an inconceivable manner. The owner of aheadoftheherd.com, Richard Mills, published a comprehensive research post on Wednesday called “Walking Dead U.S. Dollar,” warning that […]Powered by WPeMatico
BTC Ownership in Canada Rises Sharply in 2021, Bank of Canada Study Shows 13% of Canadians Own Bitcoin
This week researchers from the Bank of Canada published the central bank’s Financial System Review which highlights five key statistics tethered to Canadian bitcoin owners. According to the Bank of Canada’s metrics, 13% of Canadians own the leading crypto asset bitcoin, and “most Canadians are aware of bitcoin.” Bank of Canada’s Financial System Review Highlights […]Powered by WPeMatico
USD Index Starts Inching Toward Highs Again, Société Générale Economists Say Rebound Towards 114.8 Peak ‘Is Not Ruled Out’
In 2022, the U.S. dollar has been very strong, despite the global economy’s downturn and the rising inflation worldwide. 12 days ago, the U.S. Dollar Index (DXY) rallied to a high of 114.8 and since then, the index has pulled pack and a recent analysis from economists at Société Générale notes that the index will […]Powered by WPeMatico
Economist David Dodge Says Gold Is an ‘Antique Instrument,’ Thinks Digitizing the Canadian Dollar Is Interesting
The economist David Dodge, the former seventh governor of the Bank of Canada, says gold is an “antique instrument,” and he believes Canada’s central bank got rid of its gold reserves for this very reason. Despite saying gold is an outdated financial tool, Dodge said that the leading crypto asset bitcoin (BTC) has no place […]Powered by WPeMatico
Why the QCAD Stablecoin Might be a Scam
The influx of stablecoins in the cryptocurrency space cannot be ignored. Although numerous projects compete with one another, Tether’s USDT remains the dominant market. Foreign stablecoins, such as the one backed by the Euro, are also successful, albeit with less volume. It now appears a Canadian stablecoin will be issued, although there are some concerns regarding the project itself. The QCAD Concept One has to commend every single project which aims to digitize fiat currencies and create a more useful variant of said currency. In Canada, it would be logical to see a stablecoin backed by the Canadian Dollar at
The post Why the QCAD Stablecoin Might be a Scam appeared first on The Merkle Hash.
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