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In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest threat to the USD dominance comes from within. China Wants to See U.S. Dollar
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The United States' crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and “weaken” the country, said industry pundits in the wake of Coinbase's recent Wells notice.On March 22, crypto exchange Coinbase became the latest crypto firm to receive a “legal threat” — in the form of
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Despite surging inflation, war in Ukraine, concerns of a recession and volatile global currency moves, bitcoin is weakening relative to ether (ETH). The market cap ratio of the two tokens has dropped to around 1.9x, from as high as 20x in 2016, the report said. Original Source
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Bitcoin price has taken a beating over the last several months, resulting in the worst quarterly close since 2011. The bearish momentum has been brutal as crippling contagion spreads across the cryptocurrency market. However, bearish momentum on weekly timeframes has begun to weaken, providing bulls with their first opportunity to capitalize
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Cryptocurrency exchange Coinbase Global Inc. (COIN) will continue to face headwinds as the company is set to report first quarter earnings on Tuesday after the market close. Source
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