Category: US Dollar

President Elect Biden to Propose New $1.5 Trillion Stimulus Plan, Will Bitcoin See Another Mammoth Rally?

The incoming US President Joe Biden is all set to take oath on January 20 and many believe his first task in the office would be to work on a new stimulus deal that could be worth $1.5 trillion. A recent report by Reuters suggests that Congress was due to hear the new deal today, […]

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The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increases

The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increases

The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in reserves continues to decline. International Monetary Fund (IMF) data shows, the dollar’s share of reserves dropped from 66% in Q3 of 2014 to just above 60% in Q3 of 2020. This means […]

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Real Estate Billionaire Sam Zell Skeptical of Bitcoin but Says ‘It May Be the Answer or One of the Answers’

Real Estate Billionaire Sam Zell Skeptical of Bitcoin but Says ‘It May Be the Answer or One of the Answers’

The founder and chairman of Equity Group Investments Sam Zell says he is sceptical of bitcoin but concedes that it may be part of the solution. In particular, the billionaire and real estate magnate thinks the bitcoin community is composed of many individuals that he is not fond of. Fast Talking Characters In remarks made […]

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Billionaire Sam Zell Skeptic of Bitcoin, Predicts US Dollar to be Replaced as World Reserve Currency

Sam Zell,  the American billionaire businessman and philanthropist recently in an interview claimed that he is still skeptical about bitcoin as the whole world seems to go gaga over the top cryptocurrency. The Real-estate magnate suggested that Bitcoin might turn out to be the answer to many of our financial woes but he still doesn’t […]

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US Congress Agrees To a $900B COVID-19 Stimulus Deal, What’s Next For Bitcoin?

After months of negotiation impasse, the United States (US ) Congress has agreed to a US$900 Billion COVID-19 stimulus deal for the benefits of Americans. According to a report by CNBC, the new stimulus package was agreed upon by Congress on Sunday according to Senate Majority leader Mitch McConnell and Minority Leader Chuck Schumer.  The […]

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IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves

IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves

The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition of reserves. Advances in Financial Technologies In addition to the […]

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“We Don’t Have Ambitions to Replace Existing Currencies”- Ex-PBOC Chief on Digital Yuan

China’s growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China’s national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance […]

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Editorial: Is “Digital Yuan” China’s Weapon to Rule Global Markets?

The advent of cryptocurrencies like Bitcoin as a mainstream investment market and a reliable payment gateway has forced governments around the globe to take notice of the nascent technology. The ongoing bitcoin bull run driven by the mainstream financial giants such as PayPal and MicroStrategy & rising global trade tensions has only made the contention […]

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Historian Niall Ferguson Says Bitcoin Is Winning the Covid-19 Monetary Revolution

Historian Niall Ferguson Says Bitcoin Is Winning the Covid-19 Monetary Revolution

Historian and senior fellow with the Hoover Institution at Stanford University, Niall Ferguson says bitcoin is winning the Covid-19 monetary revolution. Hailing the virtual currency as a great place for the rich to store their wealth, Ferguson also notes that the bitcoin’s resilience has forced critics as well as institutional investors to alter their views […]

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Aurus Disrupts the Gold Industry – Today Its Ecosystem Lists at a Value of $75m

Aurus Disrupts the Gold Industry – Today Its Ecosystem Lists at a Value of $75m

With the US dollar facing headwinds, notably the coronavirus pandemic and an upcoming presidential election that could be among the most contentious in recent memory, gold has taken over as the preferred store of value for many investors. The price of the yellow metal has soared by more than 30% this year and recently surpassed […]

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