Deutsche Bank’s research arm issued a report predicting that cash will be around for a long time despite the surge of digital currencies.
Dollar News
A dollar is the national monetary unit of the USA, along with some other countries, and the most common types of dollar are the US dollar, the Canadian dollar, the Australian dollar, etc. Most affairs are made with the use of USD and, besides that, after World War II, the US dollar has become the world’s primary reserve currency or worldwide currency. In 1971, the cancellation of the direct convertibility of the United States Dollar to gold was ordered by President Richard Nixon. In some countries the dollar has the status of being the de facto currency which allows using it instead of the official one. The right of issuing the US dollars belongs to the Federal Reserve System and all dollar bills that have been issued since 1861 are still legal.
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by Helen Partz
Major global economists credit Facebook’s Libra with pushing the world to reconsider the U.S. dollar as the world’s anchor currency at WEF panel in Davos.
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by Helen Partz
Former CFTC chairman J. Christopher Giancarlo has some new remarks regarding his Digital Dollar initiative, speaking in Davos.
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The former head of payments and settlements at the Bank of Japan says Facebook’s Libra galvanized central banks globally to look seriously into digital currency...
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by Helen Partz
Coinbase Card, a crypto-powered Visa debit card by Coinbase exchange, now supports Dai, a stablecoin pegged to the United States dollar.
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by Helen Partz
In its new “Outrageous Predictions” report, Danish Saxo Bank says that Asia will launch its own blockchain-based digital asset in 2020.
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Bitcoin bulls will be buoyed by talk of the need for “a new, neutral global reserve asset” is rife at the heart of the traditional financial sector.
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by Helen Partz
Major United States-based crypto exchange Kraken joined the Silvergate Exchange Network, following Winklevoss’ Gemini.
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Stablecoins have the potential to temper the systemic threats posed by USD domination of global foreign currency reserves, analysts have argued in a new piece f...
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Alan Greenspan, the former chair of the United States Federal Reserve, has said there’s “no point” for central banks to issue their own digital currencies.
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by Helen Partz
Canadian blockchain research firm Blockchain Venture Capital Inc. has launched CUSD stablecoin that is backed 1:1 to the U.S. dollar.
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by Joeri Cant
Coinbase’s legal chief Brian Brooks believes the private sector should be responsible for creating the United States digital dollar.
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Finance Minister Nirmala Sitharaman has said that India — like many others, in his view — is showing a high degree of caution in regard to Facebook’s Libra.
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by Helen Partz
VanEck’s new research “The Investment Case for Bitcoin” argues that exposure to BTC greatly increases a portfolio’s return.
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by Joeri Cant
An ex-Fed official says it makes no sense to end U.S. dollar dominance by replacing it with a digital currency such as Facebook’s Libra coin.
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