From Financial Xpress “It is often claimed that there is no clear alternative to the USD as the world’s global reserve currency, but instead of a single reserve currency the world could move to a broad set of alternative currencies,” Barclays said in a note. The sanctions imposed by Western countries such as the United
From Bloomberg.com Advocates see lower-cost transactions and greater access to the financial system, but critics worry about privacy. The world’s reserve currency may be about to go digital dollar, potentially transforming the way Americans move and use their money. On Wednesday, the White House directed federal agencies from the Treasury to the Commerce Department to
Authored by Bruce Wilds via the Advancing Time blog, ...Could the euro beat the Yen in the race to the graveyard? Before saying anything else, it is important to note, that when it comes to the major currency, it is safe to assume they are manipulated by the central bank. It is in the best
From CoinDesk When asked for proof, Michael Chobanian argued it is "obvious we don’t have proof since it is a closed box.” The European Union should “investigate” whether the Binance crypto exchange is "cooperating" with the Russian government to circumvent sanctions imposed after Russia's invasion of Ukraine, said Michael Chobanian, founder of Ukraine's Kuna exchange.
From The Hill Whenever the White House says it is working on a plan that would transform a vital part of the U.S. economy, and that the administration is doing so with the "highest urgency," it should go without saying that the press should pay close attention to what's going on. Even more importantly, the
Authored by Nick Corbishley via NakedCapitalism.com, Given how much is at stake, this financial revolution is among the most important questions today’s societies could possibly grapple with. It should be under discussion in every parliament of every land, and at every dinner table in every country in the world. Around 90 central banks are either
From CoinDesk As it decarbonizes, the mining industry might help push energy producers to build more renewable power sources with crypto miners. Around 15,000 cryptocurrency mining rigs are humming away at HIVE Blockchain’s 30 megawatts (MW) data center in Boden, Sweden. But not all the time. Sometimes, the facility powers down to help the local
From CoinDesk Bitcoin rose 4% over the past 24 hours, compared with a 6% rally in DOGE. Most cryptocurrencies traded higher on Thursday after Russia's Duma committee chairman suggested during a news conference that bitcoin (BTC) could be accepted as payment for the nation's oil and other resource exports. Russia's announcement contributed to a spike
From CoinDesk To finance mining rigs running in the down market. Firms will have to look beyond stock issuance. They may have to borrow against their machines, mined crypto, or put themselves up for sale. Access to capital is the backbone of any industry, not least of all for cryptocurrency-linked companies that are relatively young
From ZeroHedge The Fed finally admits it has an inflation problem. Yet, what is the bigger inflation problem and potentially more destabilizing to the economy as it unwinds? Is it the 40-year high in consumer price inflation, or is it the surge and record valuations of asset prices? Of course, policymakers would say it's consumer
