228 years ago the U.S. dollar was created and ever since then, the national currency has been both powerful and controversial at the same time. Moreover since 1971, after being backed by precious metals for decades, American dollars have been backed by nothing and estimates say a quarter of the U.S. monetary supply was created […]
Category: Dollar
German Cannabis Firm Hedges Bitcoin to Protect from Massive Currency Devaluation
On Tuesday, the cannabis firm Synbiotic SE, a publicly-traded company in Germany that’s listed on the Frankfurt Stock Exchange and Xetra, has announced it is leveraging bitcoin to hedge against the euro. Synbiotic’s chief executive officer, Lars Müller explained that the company decided to hedge with the leading crypto asset in order to protect the […]
Report urges US government to focus on blockchain, crypto and a ‘digital dollar’
Will the new Biden–Harris administration be able to enforce a technology strategy focused on blockchain, cryptocurrency and digital assets?
Circle enables seamless USDC-USD transfers, providing a bridge from banks to DeFi
The result of developments in both crypto technology and regulation, Circle’s new USDC API provides a bridge between crypto and traditional finance.
Bitcoin as a last resort? Murmurs of crypto as reserve currency abound
“What happens when the world and the U.S. dollar is in a continual state of quantitative easing?” Can BTC find a new and unexpected role for itself?
Ecuadorian Presidential Candidate Proposes a National Cryptocurrency but It Won’t Replace the Dollar
An Ecuadorian presidential candidate hinted at creating a cryptocurrency in the country as part of its government agenda. Giovanny Andrade said that the national crypto aims to “facilitate” transactions across the country. Crypto Could Be Backed by Gold During an interview with Primicias, Andrade, representing the Union Ecuatoriana party, believes its cryptocurrency idea is a […]
Lyn Alden on Why the Dollar System No Longer Serves the US or the World
At the end of an 80-year global debt supercycle, who benefits from having the U.S. dollar as the world’s reserve currency?
US Fed: CBDC a ‘very high priority’ to combat bad private sector money
The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell.
Arxnovum files Bitcoin ETF application with Canadian securities regulators
Winklevoss’ Gemini Trust will act as a sub-custodian for the new Arxnovum Bitcoin ETF in Canada.
Bitcoin the third ‘most crowded trade’ in global fund manager survey
Asset managers around the globe are losing confidence in the dollar, encouraging them to seek out inflation-resistant investments for their clients.