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  • Market Cap: $2,196,879,572,397.17
  • 24h Vol: $105,013,737,124.62
  • BTC Dominance: 55.95%

Economics

cantor-fitzgerald-ceo-props-up-stablecoins-in-the-fight-for-us-dollar-hegemony

Cantor Fitzgerald CEO Props up Stablecoins in the Fight for US Dollar Hegemony

Leave a Comment / Bitcoin, Cantor Fitzgerald, Crypto, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Howard Lutnick, Stablecoins, US dollar hegemony / / / , , , , , ,

Howard Lutnick, CEO of financial services company Cantor Fitzgerald, highlighted the value of stablecoins in the fight to maintain the hegemony of the U.S. dollar. Lutnick stated that fully redeemable stablecoins allowed citizens in emerging markets to use their digital dollars for commerce, stabilizing the demand and relevance of the currency. Cantor Fitzgerald CEO: The […]

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Central Banks Plan Increased Gold Reserves Amid Global Uncertainty: 2024 World Gold Council Survey

Leave a Comment / Bitcoin, Central Banks, Crypto Hacked, Cryptocurrency, Economics, Ethereum, gold, Survey, World Gold Council / / / , , , ,

The World Gold Council’s 2024 survey reveals that central banks plan to increase gold reserves amid geopolitical and financial uncertainties. Over 80% of respondents expect global bullion holdings to rise, and 29% of central banks plan to boost their own reserves. Motivations include strategic rebalancing, domestic production, and market concerns like crisis risks and inflation.

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former-house-speaker-paul-ryan:-stablecoins-can-help-fight-an-upcoming-us-debt-crisis-and-china’s-growing-influence

Former House Speaker Paul Ryan: Stablecoins Can Help Fight an Upcoming US Debt Crisis and China’s Growing Influence

Leave a Comment / Bitcoin, Chinese Yuan, Crypto, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Paul Ryan, Stablecoins, Tether, US Debt, US Dollar / / / , , , , , , , ,

Paul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed stablecoins, which use U.S. treasuries as backing, will help keep a healthy demand on U.S. debt and

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bitwise-ceo:-bitcoin-should-move-on-from-‘digital-gold’-narrative-as-it-reaches-mainstream-adoption

Bitwise CEO: Bitcoin Should Move on From ‘Digital Gold’ Narrative as It Reaches Mainstream Adoption

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Hunter Horsley, co-founder and CEO of Bitwise, a San Francisco-based cryptocurrency asset management firm, declared that the “digital gold” narrative limits bitcoin’s reach as an investment asset. Horsely stated that, while the “digital gold” representation has been helpful for bitcoin, it has many qualities that put it over gold and it is time to “graduate”

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euro’s-reserve-currency-status-threatened-as-its-share-of-foreign-reserves-holdings-drops

Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops

Leave a Comment / Bitcoin, crypto assets, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Euro, foreign reserves, reserve currency, US Dollar / / / , , , , ,

A report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage point to 20% in 2023. According to the report, the continued diversification of global reserve portfolios into nontraditional currencies threatens to further erode the euro’s share of foreign exchange reserves. Euro’s Decline Coincides with US

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putin-says-us-dollar-dominance-diminishing-as-use-of-‘toxic-currencies’-declines

Putin Says US Dollar Dominance Diminishing as Use of ‘Toxic Currencies’ Declines

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Russian President Vladimir Putin claims U.S. economic policies are diminishing the dollar’s global dominance. “Last year the share of payments for Russian exports in the unfriendly states’ so-called toxic currencies was halved,” he revealed, labeling the U.S.’s $1 trillion trade deficit as modern neocolonialism and emphasizing Russia’s shift towards using the ruble and local currencies

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experts-say-dollar-dominance-debate-misses-the-point,-us-needs-economic-focus

Experts Say Dollar Dominance Debate Misses the Point, US Needs Economic Focus

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Two experts have explained that the global debate on the future of dollar dominance misses the point because it doesn’t focus on how the dollar’s future will evolve. They warned: “If the U.S. doesn’t keep its house in better order, dollar dominance will be the least of our worries.” Experts Discuss US Dollar’s Dominance Steven

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brics-meeting-highlights-shift-to-local-currencies

BRICS Meeting Highlights Shift to Local Currencies

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BRICS Ministers of Foreign Affairs have emphasized using local currencies in trade, reaffirming economic resilience and financial sovereignty. At their meeting on Monday, the Ministers underscored the importance of the enhanced use of local currencies in financial transactions between the BRICS countries. BRICS Ministers Push for Use of Local Currencies The BRICS Ministers of Foreign

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inflation-explained:-what-it-is-and-why-it-happens

Inflation Explained: What It Is and Why It Happens

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While many are familiar with inflation, which indicates a decline in currency purchasing power alongside a general rise in the cost of goods and services in an economy, there is a common misconception that inflation is natural. In reality, it is largely driven by an increased money supply, manipulation of interest rates, and quantitative easing

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bitmex-founder-arthur-hayes-advises-to-‘go-long-on-bitcoin’-as-g7-central-banks-may-slash-rates

Bitmex Founder Arthur Hayes Advises to ‘Go Long on Bitcoin’ as G7 Central Banks May Slash Rates

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Arthur Hayes, the founder and former CEO of Bitmex, recently shared his insights on the future of global financial markets in a blog post. Hayes delves into the impact of central bank policies on the global economy, emphasizing the role of interest rates and inflation targets. Bitmex Founder’s Perspective on Global Finance and Bitcoin In

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