Washington is threatening to impose secondary sanctions on Chinese financial institutions servicing people on the US sanctions list and considering delisting Chinese companies from US exchanges. Meanwhile, China has been providing for the growth in demand for the American currency for many years, and financial wars are now disadvantageous to […]
Dollar
16 posts
Bitcoiners, already rocked by this year’s coronavirus-inflicted turbulence, face a fresh source of volatility as the market heads into the second half of 2020: the U.S. presidential elections. According to Deutsche Bank, Germany’s biggest lender, a reelection victory by President Donald Trump could threaten the U.S. dollar’s century-long reign as the world’s de […]
Not every U.S. lawmaker is on board with the idea of a central bank digital currency (CBDC) or digital dollar, but no one explicitly rejected it during a hearing of the powerful Senate Banking Committee Tuesday. That’s probably the biggest takeaway from Tuesday’s hearing, where the panel heard from former […]
Byrne Hobart, a CoinDesk columnist, is an investor, consultant and writer in New York. His newsletter, The Diff (diff.substack.com), covers inflection points in finance and technology. The most optimistic bitcoin investors are hodling out for one thing: the rapturous bitcoin rally known as “hyperbitcoinization.” The hyperbitcoinization thesis goes like this: […]
The US dollar could potentially weaken against other currencies, including the Chinese yuan, if there is a resurgence of COVID-19 cases, according to Deutsche Bank’s chief Asia macro strategist. During the Monday broadcast of CNBC’s “Street Signs,” Deutsche Bank’s Sameer Goel explained that currency markets are currently dealing with “multiple […]
The currency markets are currently facing “multiple cross-currents” on rising global concerns over a potential second wave of Covid-19, said Deutsche Bank’s chief Asia macro strategist Sameer Goel. According to him, the “big question” for investors right now is whether the US dollar should be trading at a safe-haven risk […]
While the coronavirus pandemic may become the last nail in the coffin of the US dollar’s status as the primary reserve currency, the seeds of its inevitable decline were sown long ago, a former Morgan Stanley economist believes. The greenback is set to decline due to a shortfall in domestic […]
Currently just a flashy idea, the digital dollar is competing with more prosaic but proven 20th-century methods for the job of getting stimulus funds to every U.S. resident. That’s the takeaway from Thursday’s House Financial Services Committee (FSC) hearing, where witnesses advocated different solutions to the problem. Making the case […]
For the first time since the U.S. went on lockdown three months ago, lawmakers will convene Thursday to discuss digital currencies and other novel technologies. The House Financial Services Committee (FSC) Task Force on Financial Technology will be evaluating how FedAccounts and other digital tools might help the federal government […]
New Delhi (Sputnik): The death of African American George Floyd who was pinned down and suffocated by a white US cop has triggered countrywide protests in support of the “Black Lives Matter” movement against racism and police brutality, leading to violence and riots. Former West Indies captain Darren Sammy has […]
The Digital Dollar Project is proposing a framework for the creation of a U.S. central bank digital currency (CBDC). The group published its first white paper Friday, detailing the need for a tokenized version of the U.S. dollar and some potential avenues for building this system. A digital dollar could […]
A macro expert joins to discuss why the U.S. dollar and economy are more broadly poised to suck the liquidity from the entire global economy. You know the meme: Money printer go brrr. It means inflation right? Not necessarily, says Brent Johnson. Since 2016-2017, Johnson has been arguing the big […]
Despite the specter of inflation from money printing, the dollar has gained strength. Here’s why that’s a problem – for everyone. The dollar has a unique role in the world due to its reserve currency status. For many years that status has created incredible opportunities for the U.S. Increasingly, however, […]
Telegram has been forced to abandon its cryptocurrency initiative, with its founder Pavel Durov blasting the US for seeking to crush any attempt at decentralization in order to maintain its global financial dominance. Telegram founder and St. Petersburg native Pavel Durov announced the move in a post to his own […]
Could the dollar be replaced by a single new, dominant currency like China’s DCEP, or is a multipolar currency world more likely? Presented in documentary podcast and full transcript formats below. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, […]
According to NewsOne, Calvin James Munerlyn, a 43-year-old married father of nine, was working at a Family Dollar in Flint, Michigan, on Friday. During his shift, he asked a female customer to cover her face with a mask while inside the store. Michigan Gov. Gretchen Whitmer’s Executive Order says that “everyone must […]