Bitcoin price focuses on $55K as bulls ignore a surging US dollar
The classic inverse correlation between USD and Bitcoin is nowhere to be seen as all-time highs come closer and closer. Go to Source Powered by WPeMatico
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Bitcoin traders worry as BTC price remains pinned below $50K
The price of Bitcoin remains stuck in a downtrend after failing to close above $50,000. Go to Source Powered by WPeMatico
Stocks slide as dollar hits 4-month highs: Why Bitcoin price is slumping below $50K
Bitcoin is slumping as the DXY breaks out and the U.S. stock market tanks. Go to Source Powered by WPeMatico
From Gold to Greenbacks: A Look at the US Dollar’s Devaluation, Manipulation and Militant Backing
228 years ago the U.S. dollar was created and ever since then, the national currency has been both powerful and controversial at the same time. Moreover since 1971, after being backed by precious metals for decades, American dollars have been backed by nothing and estimates say a quarter of the U.S. monetary supply was created … Read more
German Cannabis Firm Hedges Bitcoin to Protect from Massive Currency Devaluation
On Tuesday, the cannabis firm Synbiotic SE, a publicly-traded company in Germany that’s listed on the Frankfurt Stock Exchange and Xetra, has announced it is leveraging bitcoin to hedge against the euro. Synbiotic’s chief executive officer, Lars Müller explained that the company decided to hedge with the leading crypto asset in order to protect the … Read more
Report urges US government to focus on blockchain, crypto and a ‘digital dollar’
Will the new Biden–Harris administration be able to enforce a technology strategy focused on blockchain, cryptocurrency and digital assets? Go to Source Powered by WPeMatico
Circle enables seamless USDC-USD transfers, providing a bridge from banks to DeFi
The result of developments in both crypto technology and regulation, Circle’s new USDC API provides a bridge between crypto and traditional finance. Go to Source Powered by WPeMatico
Bitcoin as a last resort? Murmurs of crypto as reserve currency abound
“What happens when the world and the U.S. dollar is in a continual state of quantitative easing?” Can BTC find a new and unexpected role for itself? Go to Source Powered by WPeMatico
Ecuadorian Presidential Candidate Proposes a National Cryptocurrency but It Won’t Replace the Dollar
An Ecuadorian presidential candidate hinted at creating a cryptocurrency in the country as part of its government agenda. Giovanny Andrade said that the national crypto aims to “facilitate” transactions across the country. Crypto Could Be Backed by Gold During an interview with Primicias, Andrade, representing the Union Ecuatoriana party, believes its cryptocurrency idea is a … Read more
US Fed: CBDC a ‘very high priority’ to combat bad private sector money
The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell. Go to Source Powered by WPeMatico
