Bitcoin News / Bitcoin.com - 8 months ago
Market expert Peter Grandich is urging the masses to keep a close eye on the BRICS bloc of burgeoning countries, hinting that specific partnerships might usher in “dramatic” ramifications. In just five days, the much-awaited BRI...
Bitcoin News / Bitcoin.com - 8 months ago
BRICS plans to discuss trade in national currencies at its summit but de-dollarization is not on the agenda, South Africa’s BRICS Sherpa stated. The talks in Johannesburg next week will also focus on the expansion of the bloc of emerging economies an...
Bitcoin News / Bitcoin.com - 8 months ago
The Russian currency’s exchange rate versus the U.S. dollar recently dropped below RUB100 per greenback — its lowest in 16 months. Economists attribute the ruble’s latest plunge to the effectiveness of a price cap imposed on Russian oil b...
Cryptocoins News / CoinJournal - 8 months ago
RSI stays above 50 in 2023
The weekly chart points out an ascending triangle pattern
$45k is the next target, providing the Bitcoin price holds above $25k
Bitcoin bulls must be frustrated by the slow price action in the last few months. After all,...
Bitcoin News / Bitcoin.com - 8 months ago
Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and go...
Bitcoin News / Bitcoin.com - 8 months ago
Swiss investment banking giant UBS expects the U.S. dollar’s reign to live on. “We firmly believe we will be living in a U.S. dollar-centric world for years to come,” the bank’s executive said, adding that there will be some room fo...
Cryptocoins News / CoinJournal - 8 months ago
Key takeaways
Fintech firm PayPal has launched a stablecoin on the Ethereum blockchain.
The stablecoin is backed by the US Dollar and was launched in partnership with Paxos.
PayPal joins the stablecoin train
Silicon Valley-based payments firm P...
Bitcoin News / Bitcoin.com - 9 months ago
In the last month, Japan’s official currency has dipped slightly more than 1% in comparison to the U.S. dollar. Then, on Tuesday, the Japanese yen plummeted to its weakest position against the greenback in over 20 years, a shift that came after...
Bitcoin News / Bitcoin.com - 9 months ago
Rich Dad Poor Dad author Robert Kiyosaki has reiterated his warning about the impending demise of the U.S. dollar as the BRICS summit approaches. The famous author anticipates the launch of a new currency by the economic bloc and the de-dollarization...
Bitcoin News / Bitcoin.com - 9 months ago
A former central banker has explained that three conditions must be met for the Chinese yuan to become a currency on par with the U.S. dollar and the euro. Noting that the yuan is already the third-largest international currency after the USD and the...
Bitcoin News / Bitcoin.com - 9 months ago
An economist has shared her analysis of how a common BRICS currency could compete with the U.S. dollar. “You need foreign exchange reserves and you need the trust of the investment community,” she explained, noting that the only country i...
Cryptocoins News / CoinJournal - 9 months ago
Ripple delivered triple-digit returns so far in the trading year
Bitcoin consolidates around the $30k level
Ethereum is up more than 50% YTD
During the summer months, trading slows as financial markets usually enter consolidation. The cryptocurren...
Bitcoin News / Bitcoin.com - 9 months ago
The exchange rate of the Nigerian currency versus the greenback recently plunged to an all-time low of NGN860:USD1. The naira’s depreciation has been attributed to shortages of foreign exchange on the official market and the rising demand for f...
Bitcoin News / Bitcoin.com - 9 months ago
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has unveiled two new reforms for bitcoin if he is elected president. He plans to back the U.S. dollar with the cryptocurrency and eliminate capital gains taxes on the conversion of bitcoin t...
Bitcoin News / Bitcoin.com - 9 months ago
An economist with the Heritage Foundation has warned about the potential calamity of the U.S. dollar losing its reserve currency status. He stressed that “The Biden administration has taken so many actions to dethrone King Dollar that it would be dif...