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71 articles found
Latest
A Million Bitcoins for the U.S.? Cynthia Lummis' Ambitious Plan
Wyoming Senator Cynthia Lummis has proposed an ambitious plan to create a strategic Bitcoin reserve for the United States. In a recent interview, she explained how Bitcoin could strengthen the global position of the U.S. dollar and help address the growing national debt.
Trump’s Strategy to Weaken the Dollar and Its Crypto Impact
Donald Trump’s post-return agenda to the White House includes measures such as significant import tariff hikes, escalating trade conflicts with China, and aggressive deficit reduction. His determination to weaken the US dollar stands out as particularly significant.
Crypto Scandal: Coinbase Accused of Sky-High Listing Fees
Tron founder Justin Sun and Yearn Finance founder Andre Cronje allege that Coinbase demanded multi-million dollar fees to list their tokens on its platform, while Binance, for instance, charged them nothing.
House Money Effect: Why “Bonus” Cash Changes How We Spend
Ever dreamt of a surprise inheritance or finding an abandoned bag of cash? You might not realize that unexpected money has a strange effect, casting a “spell” on your decisions. Breaking free from it means learning to treat every dollar as truly your own.
Trump Team Sends Back Excessive Winklevoss Donations
Donald Trump's committee returned part of the donations from the Winklevoss brothers, which exceeded the legally established limit of $844,600 per person. Each brother donated $1 million in Bitcoin. It is unclear whether the committee returned BTC or an equivalent dollar amount.
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Ukrainian Startup OpenDelta to Issue BTC-Backed Synthetic Dollar
Bitcoin-based development is a growing trend in crypto. It became possible due to protocol improvements, mainly the Taproot upgrade. Taproot has enabled developers to build apps and tokens on top of Bitcoin. Among the rising Bitcoin-focused startups is OpenDelta, a company with Ukrainian roots.
Trump's Populist Approach: A Billion-Dollar Strategy?
Donald Trump's venture into social media with Truth Social is gearing up for a stock market debut, thanks to a merger deal with Digital World Acquisition getting the green light from investors. The stock could potentially trade under Trump's initials, DJT.
AI Industry Faces Growing Demand for Advanced Computing Chips
Sam Altman, leading OpenAI, is orchestrating a billion-dollar investment drive to create microchips crucial for artificial intelligence progression.
First Digital USD (FDUSD): An Overview of the Stablecoin
First Digital USD (FDUSD) is a dollar-backed stablecoin launched in the summer of 2023 by the Hong Kong-based company First Digital Limited.
Phishing Scammers Create Fake Blockworks and Etherscan Sites
The fake Blockworks site presents a fabricated ‘BREAKING’ news report, alleging a multimillion-dollar ‘approvals exploit’ on Uniswap.
USDQ and EURQ: The Dutch Stablecoins Set to Shake Up Europe
On November 17, the Dutch blockchain firm Quantoz Payments officially launched two new stablecoins, USDQ and EURQ, pegged to the US dollar and euro, respectively.
Paxos Launches Global Stablecoin Network
Several major financial companies have come together to create the Global Dollar Network, an open stablecoin network aimed at accelerating the global adoption of stable digital assets.
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Paxos Launches New Stablecoin USDG
On October 31, Paxos, a prominent blockchain and tokenization infrastructure provider, launched its new stablecoin, the Global Dollar (USDG), pegged to the U.S. dollar. USDG has been developed under the strict guidelines of the Monetary Authority of Singapore (MAS).
RLUSD Stablecoin: Latest Updates and Insights
Ripple Labs' President Monica Long recently announced the upcoming launch of their new US dollar-backed stablecoin, RLUSD. We've gathered all the available details about RLUSD.
Potential Ban Looms Over the Digital Dollar
The United States House Committee on Financial Services has approved a bill prohibiting the Federal Reserve from developing a central bank digital currency (CBDC) in the United States.
Ripple Sets to Launch Dollar-Stablecoin
Ripple (XRP) has disclosed plans for launching its own stablecoin, which will be pegged to the dollar and backed by bank deposits along with short-term U.S. Treasury bills. This move aims to expand Ripple Payments' capabilities in facilitating cross-border transactions. The introduction of this stablecoin promises:
Stablecoins Gain Momentum in Argentina
In the face of escalating inflation (211%), Argentinians continue to actively purchase dollar-pegged stablecoins, steering clear of Bitcoin due to its high volatility. For cash purchases of these stable tokens, locals are turning to domestic P2P exchanges due to the country's stringent currency regulations.
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New Stablecoin Released by Gyroscope
In an effort to mitigate risks associated with other stablecoins, such as centralized and algorithmic ones, Gyroscope has launched the Gyro Dollar (GYD), a decentralized stablecoin, on the Ethereum blockchain. The project has attracted investments from key industry players like Galaxy and Placeholder.
Is China Poised to Boost the Crypto Market?
Arthur Hayes, the co-founder of crypto derivatives exchange BitMEX, discusses the implications of the United States' current fiscal policy in his recent essay "Panda Power," highlighting its role in the weakening of the dollar.
JPMorgan Processes $1 Billion Daily via JPMorgan Coin
JPMorgan Coin is a stablecoin designed to maintain a 1:1 peg with the U.S. dollar, offering stability and efficiency in transactions.
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