US Treasury Secretary Janet Yellen warned Congress on Monday to expect a gradual decrease in the share of the dollar in global reserves. US debt.
ADA, the native cryptocurrency of Cardano, is now among a list of 61 cryptos classified as securities. A legal expert believes that the reasons behind this SEC classification don't hold up. Here's his analysis.
Ever since El Salvador made Bitcoin an official currency within its territory, the country has been facing a campaign of distrust and surveillance from the United States. Without hiding their deep unease, the Joe Biden administration has implemented legal measures to protect the American financial system from the repercussions of the Salvadoran government's decision. Why do the USA feel threatened, and what actions have they taken in response? Find all the answers in this article.
As the deadline for the US debt approaches, analyses, predictions, and speculations are multiplying. Well-known in the cryptocurrency industry, Arthur Hayes has also joined the discussion. The founder of BitMEX, who currently heads Maelstrom Capital, predicts explosive times for the financial markets and a rise in Bitcoin.
As the United States faces the risk of defaulting on its debt, urgent actions are needed. One of them is to raise the debt ceiling. Some politicians, particularly Republicans, would like negotiations in this regard to take into account the interests of crypto firms. But for President Biden, that's a no-go!
In a recent interview, Jeremy Allaire, CEO of Circle, emphasizes the urgency of taking the threat of de-dollarization seriously. As more nations take steps to reduce their dependence on the US dollar, Allaire warns of the potential consequences of this growing trend.
The United States government is struggling to find a solution to the debt ceiling. As a result, the markets are holding their breath and fearing default. In our previous article, we discussed the role of long cycles in monetary policy. In this context, French debt is also a cause for concern. The presented stability plan already appears optimistic. It is evident that difficulties in managing public debts would have dramatic consequences for the markets and the global economy. Let's take a closer look.
Right now, the dollar is at the center of global economic debates. Some have already announced that the era of American currency hegemony is coming to an end. And in the currently bleak economic context of the country, some are considering how to adapt to this anticipated change. Bitcoin could contribute significantly to this.
Will the United States default on its debt? Sooner than we think. But to whom? China, Russia…
The SEC has urged the judge to dismiss Coinbase's petition for an explanation on the rules applied by the stock market regulator in the crypto industry. Immediately, Paul Grewal, Coinbase's Chief Legal Officer, expressed concerns about this response. According to him, the SEC will continue to oversee the crypto sector by enforcing regulations forcefully.
Even today, crypto adoption in El Salvador is not unanimous. In the United States, for example, American senators have just submitted a new bill. The goal: to monitor the crypto adoption (specifically Bitcoin) in El Salvador and assess its economic impact.
Banks are falling like flies as the Fed finishes raising rates. Hard to imagine a more favorable situation for Bitcoin.
In March, Srinivasan made a bold prediction that Bitcoin would skyrocket due to the bankruptcy of banks and inflation. According to him, the price of BTC could reach $1 million. Despite the changing economic landscape in the United States, Balaji Srinivasan is sticking to his Bitcoin prediction.
Blockchain means increased security, transparency, and trust for a company. Gradually, companies are migrating to this disruptive technology to enjoy its ineffable conveniences. Recognizing this, investment giant Franklin Templeton decides to embark on Ethereum's Layer 2 platform, Polygon.
The Russian mining industry is experiencing strong growth, with BitRiver leading the way, propelling Russia into the top 3 globally.
The theory of the end of the US dollar has been spreading like wildfire in recent weeks. While some contest the idea of the dollar's demise, others believe it to be the end of an economic hegemony that has been long-standing. For some, it's a plot organized by enemies of western civilization.
The global slingshot against the dollar is raising the specter of a world war. To avoid it, Bitcoin has to become the next international reserve currency.
For some time, the BRICS countries, including Russia and China, have been working to move away from the US dollar. Recently, China formalized an agreement with Brazil to trade state to state, without using the dollar. This desire for financial independence could be realized through the adoption of a digital currency.