Dollars – DIGIT INFO

Jack Dorsey Envisions Bitcoin Replacing US Dollar — Foresees BTC Reaching $1 Million

DIGIT — Sun, 07 Jul 2024 23:17:44 +0000

Billionaire Jack Dorsey foresees a future where bitcoin could supplant the U.S. dollar as the dominant global currency. He envisions a scenario where bitcoin’s value could soar to $1 million by 2030. Highlighting the cryptocurrency’s decentralized nature, Dorsey underscores its potential to democratize financial systems and reduce reliance on traditional banking institutions. Jack Dorsey Anticipates […]

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Latam Insights Encore: The Bolivian Opportunity for Crypto After Its Unbanning

DIGIT — Tue, 02 Jul 2024 17:32:37 +0000

Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the opportunity for cryptocurrency in Bolivia after the central bank unbanned it from its financial system and how the citizens might leverage these new tools to alleviate the deficiencies of traditional […]

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Reports of ‘bleached’ counterfeit bills crop up across North America

DIGIT — Mon, 13 May 2024 05:35:10 +0000

Dodgy dollars are appearing everywhere from Texas to Hawaii to Canada as fiat counterfeiting is seemingly making a comeback.

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Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning

DIGIT — Mon, 15 May 2023 05:22:12 +0000

The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success.

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BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds

DIGIT — Sat, 22 Apr 2023 10:19:59 +0000

The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable financing policy. BRICS Development Bank Launches 3-year ‘Green’ Bonds The New Development Bank (NDB), founded by the BRICS […]

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Brazilians Turn to Stablecoins as Alternative to US Dollar for Hedge Against Volatility

DIGIT — Wed, 11 Jan 2023 11:30:23 +0000

Brazilians are turning to stablecoins as a way of shielding themselves from the volatility of economic circumstances. This is happening now in the wake of the inauguration of the new government of Luis Inacio “Lula” Da Silva. According to statements coming from exchange executives, the trading volumes of stablecoins have soared in 2022, especially during […]

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FX Strategists From Citi Say Euro Could Sink to $0.86 if Macro Turmoil Continues

DIGIT — Sun, 16 Oct 2022 15:30:07 +0000

While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback. While the dollar slumped on October 13, the fiat currency is rising again and market strategists from Citi argue that the […]

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Euro Taps a $0.973 Low Against the US Dollar, Analysts Claim British and EU Currencies Are Trapped in a ‘Doom Loop’

DIGIT — Fri, 23 Sep 2022 16:30:59 +0000

On Friday, the official fiat currency of 19 out of the 27 member states of the European Union (EU), the euro, plunged to a low of $0.9732 against the U.S. dollar. The drop comes at a time when fiat currencies like the yen, yuan, and pound have struggled against the greenback during the past six […]

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Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low

DIGIT — Thu, 22 Sep 2022 17:30:58 +0000

While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank of Japan conducted the first forex intervention in 24 years, after the Japanese central bank kept its benchmark bank rate suppressed […]

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The Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9%

DIGIT — Fri, 17 Jun 2022 16:30:29 +0000

During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether’s market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than 12 billion tethers have been removed from circulation […]

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