Search Results for "us dollar"
BRICS Alliance Considers Creating New Currency
The BRICS alliance, comprised of Brazil, Russia, India, China, and South Africa, is reportedly exploring the possibility of creating its own currency, according to a top Russian official. Alexander Babakov, State Duma Deputy Chairman, stated that the currency could be based on new monetary ties and could be secured by gold and other commodities. The move is seen as a way to distance the BRICS nations from US dollar hegemony and to promote their shared objectives.
Cardano CEO Getting a OneCoin Vibe from Federal Reserve's 'Infinite Cash' Statement
In an interview given to CBS's 60 Minutes on March 22, 2020, Neel Kashkari, the President of Federal Reserve Bank of Minneapolis made a controversial remark on being asked how the state would deal if the situation like 2008 financial crisis would come again due the Coronavirus outbreak.
Why is the Bitcoin Price Correlation with the Stock Market Currently High?
Unlimited Quantitative Easing has had the most significant impact on the stock and crypto market, meaning both markets have a strong correlation with monetary policy.
Ripple Unlocks 1 Billion XRP From Escrow, XRP Trades Heavy As US Dollar Loses Value
Ripple has unlocked 1 billion XRP tokens and is being heavily traded as the US dollar continues to lose value.
Digital Dollar Project to Begin Pilot Testing to Gather Data for CBDC
The Digital Dollar Foundation is planning to run a pilot test for the US CBDC project.
Winklevoss Twins Brief David Portnoy on Bitcoin, BTC Talks Continue
American internet celebrity David Portnoy officially hosted the Winklevoss Twins at his house for a long-due conversation regarding Bitcoin (BTC) and cryptocurrencies.
Bitcoin Price Set to Surge in 2021 as US Dollar Expected to Fall 20% Even with Vaccine Rollout
The US dollar acted as a safe haven for investors, during the coronavirus pandemic; analysts believe that the rollout of a vaccine could change the market.
Goldman Sachs Recommends Shorting the Dollar, Increasing the Odds of a Bitcoin Bull Run
Goldman Sachs believes that the risks arising from vaccine trials and the uncertainty of the US election could weaken the dollar. What about Bitcoin?
Can US Lawmakers Really Just Mint Two $1 Trillion Coins to Back a Digital Dollar COVID Stimulus with "No Additional Debt"?
As the economy continues to deteriorate in the ongoing COVID-19 pandemic climate, US Lawmakers are once again pitching the creation of a sovereign digital dollar to quickly distribute the proposed stimulus packages. The bill further proposed the new minting of two trillion dollar coins.
Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status
The United States government’s plan for its digital dollar or central bank digital currency (CBDC) may have just reached a new level of urgency, as the US hopes to maintain its most effective tool of power—global dependence on the Federal Reserve and the US dollar.
More Consolidation to be Expected from Bitcoin as the Dollar Rallies and US Stock Market Is Down
Crypto analyst Joseph Young thinks that Bitcoin is treading with caution due to the strengthening of the dollar, and he suggests this could prompt a short-term price consolidation.
US Dollar as the World’s Reserve Currency Unlikely to be Diminished, Bitcoin Likely to Suffer
Analysts believe the US dollar's role as the world’s reserve currency is unlikely to be diminished, which may not be the best outlook for Bitcoin (BTC).