Bad omen? US dollar and Bitcoin are both slumping in a rare trend
Bitcoin struggles to regain momentum despite the dollar falling to a seven-week low. Go to Source Powered by WPeMatico
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Bitcoin transactions fees in US dollars near all-time high levels
The latest spike in BTC transaction fees comes amid a major decline in the Bitcoin network hash rate. Go to Source Powered by WPeMatico
Facebook-backed Diem Association reportedly to launch stablecoin pilot in 2021
An anonymous source has told reporters that the first Diem pilot will focus on transactions between individual consumers. Go to Source Powered by WPeMatico
China aims to let foreigners use digital yuan at Winter Olympics in 2022
China wants to allow foreign athletes and visitors to use the county’s digital currency during the Beijing Winter Olympics in 2022. Go to Source Powered by WPeMatico
Citi and IADB complete cross-border payment pilot with blockchain tech
IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network. Go to Source Powered by WPeMatico
Here’s why April may be the best month yet for Bitcoin price
U.S. dollar weakness is painting a bullish short term outlook for Bitcoin in April. Go to Source Powered by WPeMatico
BNY Mellon Report Compares Bitcoin and Gold, Study Says ‘Gold Is the Only Globally Accepted Currency’
The popular safe-haven asset gold recently posted the lowest settlement in three weeks, as a firm dollar and bond market yields have weakened support for the precious metal. The financial goliath BNY Mellon also published a report about the differences between gold and bitcoin and the study said that the crypto asset “fits the description … Read more
Tether stablecoin is fully backed, says new assurance report
Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman. Go to Source Powered by WPeMatico
Former OCC official says crypto has backing but dollar ‘may not’
Former OCC acting comptroller Brian Brooks claimed that cryptocurrencies like Bitcoin “actually are backed by something.” Go to Source Powered by WPeMatico
Bitcoin’s new use case? A report card for how the US handles the dollar
An important new role for the world’s first cryptocurrency as an inflation gauge — or just another fantasy of Bitcoin maximalists? Go to Source Powered by WPeMatico
