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US Dollar Collapse Predictions: The Dollar is on its way out

From Crow Wisdom Today most of the world’s trade is conducted in USD (U.S Dollars). This is the “defacto” global reserve currency for trading between most nations. Around the end of WW2 (World War 2) the “Bretton Woods” system was setup by a group of 44 nations in a conference held at Bretton Woods, New

By |2022-05-05T10:05:25+00:00April 21st, 2022|Currency Central|Comments Off on US Dollar Collapse Predictions: The Dollar is on its way out

Russia is Considering Selling Its Oil and Gas for Bitcoin as Sanctions Intensify From The West

From CNBC Faced with stiffening sanctions from Western countries over its invasion of Ukraine, Russia is considering accepting bitcoin as payment for its oil and gas exports. In a videotaped news conference held on Thursday, the chair of Russia’s Duma Committee on Energy said in translated remarks that when it comes to “friendly” countries such

By |2022-04-19T10:07:00+00:00April 16th, 2022|Currency Central|Comments Off on Russia is Considering Selling Its Oil and Gas for Bitcoin as Sanctions Intensify From The West

Oil Surges To Session Highs After Report EU Drafting Ban On Russian Crude

From Zero Hedge Not one day seems to pass without the EU taking an aggressive step toward comprehensive self-destruction. Today, we learn that the "not-quite-yet-green" continent is doing everything it can to make investors in evil fossil fuels and commodity bulls even richer as after weeks of waffling, European officials are drafting plans for an

By |2022-04-19T10:23:55+00:00April 14th, 2022|Currency Central|Comments Off on Oil Surges To Session Highs After Report EU Drafting Ban On Russian Crude

US Sanctions Russia’s Hydra Darknet, Adds Over 100 Bitcoin Wallets to OFAC List

The move came alongside action by Germany, which earlier on Tuesday announced the shutdown of Hydra Market and seizure of $25 million in bitcoin, Russia. The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Russia-based Hydra Market, calling it the world's largest and most prominent darknet market. “The global threat of cybercrime and ransomware

By |2022-04-14T06:31:15+00:00April 7th, 2022|News|Comments Off on US Sanctions Russia’s Hydra Darknet, Adds Over 100 Bitcoin Wallets to OFAC List

Oil, the Ruble, and Gold Walk Into a Bar…

From Zero Hedge There is a Narrative about Russia and how it will change the monetary system. Many analysts in the gold community are promoting this story. There’s just one problem with this Narrative. It is like how Michael Crichton described the Gell-Mann Amnesia Effect, stating that the newspaper is full of stories explaining how

By |2022-04-14T07:30:45+00:00April 6th, 2022|Currency Central|Comments Off on Oil, the Ruble, and Gold Walk Into a Bar…

What is the Market Rate?

From OFX The market rate, also known as the ‘interbank’ or ‘mid-market’ rate, is used primarily for consumers as a benchmark. It is essentially a ‘wholesale’ rate that is typically only available to large financial institutions, like banks, when they purchase large amounts of currency. That’s often not the rate that is then translated to

By |2022-04-14T08:15:50+00:00April 5th, 2022|Currency Central|Comments Off on What is the Market Rate?

Sanctions Against Russia May Hurt USD Dominance, Central Banks May Shift To Other Currencies: Barclays

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

By |2022-04-14T09:34:04+00:00March 31st, 2022|Currency Central|Comments Off on Sanctions Against Russia May Hurt USD Dominance, Central Banks May Shift To Other Currencies: Barclays

What a U.S. Digital Dollar Means for the Future of Your Wallet

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

By |2022-04-14T10:06:44+00:00March 30th, 2022|Currency Central|Comments Off on What a U.S. Digital Dollar Means for the Future of Your Wallet

Ukraine Crypto Fundraiser Wants EU to Investigate Whether Binance Is Helping Russia

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.

By |2022-04-14T12:06:52+00:00March 29th, 2022|Currency Central|Comments Off on Ukraine Crypto Fundraiser Wants EU to Investigate Whether Binance Is Helping Russia

Can Crypto Miners Make the World Greener?

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

By |2022-04-14T13:49:41+00:00March 26th, 2022|Currency Central|Comments Off on Can Crypto Miners Make the World Greener?
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