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According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital currency (CBDC) rollout. Chinese Government Pushes … Read more
The U.S. dollar index reached its lowest levels in three weeks on Tuesday, triggering the Rising Wedge pattern. Go to Source Powered by WPeMatico
Open Interest surged to $3.22 billion Thursday to levels not seen since February. Go to Source Powered by WPeMatico
St. Louis Federal Reserve president James Bullard told the press on Tuesday that he thinks the U.S. central bank needs to wind down the buying of $80 billion worth of monthly bond purchases. Bullard says he would support tapering starting as early as November, in order to “react to possible upside risks to inflation next … Read more
Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has published the latest Survey of Consumer Expectations report and U.S. households believe inflation will be up 5.3% one year from now. In addition to the … Read more
While the price of bitcoin has surged during the first few days of October, the price of the precious metal gold has also increased percentage-wise as the U.S. dollar and the country’s 10-year Treasury yields slid in value this past week. An ounce of fine gold exchanged hands this weekend for $1,760 per unit, up … Read more
The United States government appears keen to tame the rapidly growing stablecoin market, according to reports. Go to Source Powered by WPeMatico
The three bullish indicators converge as Ethereum’s native token Ether climbs over 9% Friday to cross $3,000, its psychological resistance level. Go to Source Powered by WPeMatico
The flagship cryptocurrency has closed October in profits seven out of nine times since 2013, raising hopes that it would be able to log a fractal bull run in the next 31 days. Go to Source Powered by WPeMatico
Cooperation between public and private sectors would be vital for a global CBDC system, says a new joint report. Go to Source Powered by WPeMatico