Bitcoin Hits $19K on Dimming Election Uncertainty and Weaker Dollar
Bitcoin rose above $19,000 on Tuesday after Donald Trump said his administration would assist President-elect Joe Biden’s transition
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Dollar
Morgan Creek CEO Says Bitcoin Doing ‘Extremely Well’ Due to Fed Reserve’s Dollar Devaluation
The U.S. Federal Reserve and the rise of “zombie companies” is prompting investors scramble to hedge against inflation using bitcoin and gold.That’s according to Mark Yusko, founder and CEO of investment firm Morgan Creek Capital Management, who spoke with CNBC’s Fast Money host Melissa Lee on Thursday.Yusko took aim at
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Western Union Suspends US Dollar Transfers to Cuba
The move follows the latest sanction from the Trump administration. Source
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Why Bitcoin Thrives (and Why It Won’t Replace the Dollar)
Bitcoin is the leader of the pack in the crypto space. It has recovered from the disastrous crash of 2018 and is heading back towards the price it reached in December 2017. So what does the future hold for bitcoin? Could it eventually replace the dollar as the global reserve
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Yield-generating stablecoin project Origin Dollar exploited for $7M
Origin Dollar (OUSD), the yield-generating stable token launched by Origin Protocol in late-September, has been hacked to the tune of $7 million.On Nov. 17, Origin Protocol founder Matthew Liu announced the stablecoin had been hacked, noting that $1 million of the $7 million in lost funds including DAI and Ether
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Dollar Decline and the Paralysis of Conventional Monetary Policy
A reading of Kenneth Rogoff’s latest piece on the strange reality of the dollar’s global status. On this week’s edition of Long Reads Sunday, NLW reads former IMF chief and current Harvard economist Kenneth Rogoff’s latest Op-Ed, “The Calm Before the Exchange Rate Storm” in Project Syndicate. Source
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Debate Rages on Whether a Digital Dollar Will Unleash Inflation
With record U.S. money printing failing to achieve much-needed economic stimulus, some observers now expect creation of a “digital dollar” central bank digital currency (CBDC) will not only speed payments to consumers but also spur inflation.The Federal Reserve has consistently undershot its 2% inflation target since the Great Recession of
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Bitcoin Abruptly Surges as the Dollar Falls—is This Sustainable?
The price of Bitcoin (BTC) rose to $13,900 after declining to sub-$13,500 on the day. The catalyst behind
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Bitcoin Declines, Dollar Recovers on Trump Win Prospects
Bitcoin traders braced for uncertainty as Donald Trump and Joe Biden entered a tight US presidential election race. The
Read MoreThe Bahamas launches world’s first CBDC, the ‘Sand Dollar’
The Central Bank of the Bahamas has announced the country’s “Sand Dollar” — a state-backed virtual currency — is now available nationwide.According to an Oct. 20 Facebook post from Project Sand Dollar, the central bank digital currency (CBDC) became available to all 393,000 residents of The Bahamas from roughly 10:00
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