Bridgewater CIO Ray Dalio claims capital markets are no longer free as central banks drive more of the economy.
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.
Launched by the Centre Consortium in October 2018, USD Coin reached a $1 billion market cap in 21 months.6397
The head of business development for blockchain financial services outfit, Unchained Capital, flees to Bitcoin when the government starts talking about stimulus spending.2519
The leading global central bank institution has published new research on central bank digital currencies, noting a major shift in their direction thanks to Libra as well as COVID-19.7295
Father of the JOBS Act does not believe there will be any demand for the Chinese digital currency.11561
Joel Telpner reveals some of the steps the Marshall Islands is taking to launch its national digital currency.6291
The advent of digital money will threaten the U.S. dollar’s global dominance, but it won’t be easy to dethrone the current global reserve currency.8464
A U.S. think tank working towards a digitized dollar has released a white paper detailing inaugural aims and use cases for a central bank digital currency.12290
JPMorgan believes that central bank digital currencies may undermine the hegemony of the US dollar.6473
“There is no country with more to lose from the disruptive potential of digital currency than the United States,” say analysts at JPMorgan Chase & Co.14480
The U.S. is printing dollars and slashing interest rates to help the people, but will it affect the crypto market?89616
Analysts believe that Bitcoin’s post-halving stability may help spur crypto adoption across the globe.15540
Multi-chain DeFi framework, Equilibrium, raised EOSDT circulation cap from $70 million up to $170 million with pBTC integration.5313
Can crypto actually take on USD’s role around the world?12186
Cointelegraph Talks’ first event kicks off at 3:00 PM EST on April 21, featuring topics on e-payments amid coronavirus and the digital dollar.4245