Tag: Dollar

US exceptionalism could be tested as digital assets find footing worldwide — Sheila Warren

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Sheila Warren, CEO of the Crypto Council for Innovation and former head of data, blockchain and digital assets at the World Economic Forum, said the digital yuan may present certain challenges for the United States. However, regulators and lawmakers may want consider how to encourage digital innovation, as China is already “massively tech forward” for its residents. Speaking to Cointelegraph during Austin’s SXSW festival, Warren said that though she believed China’s digital yuan was unlikely to significantly affect retail payments in the United States, the adoption of the technology surrounding…

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Discussing The Birth Of The Bitcoin Dollar

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[ad_1] Watch This Episode on Youtube Watch/Listen To This Episode: [00:00:06] MG: What’s going on Alex? Sorry, I started to write a tweet and unmuted myself. Oh, super good, man. Great week so far. How about yourself? [00:00:15] AM: Pretty good man. Just waiting on this next bullish news. I don’t know if the third ETF is going to get passed or we’re going to go down or we’re going to go up, what do you think about all this? These all-time highs? [00:00:28] MG: Oh man. We’re going to…

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Microeconomics Fiat Dollar Bear – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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[ad_1] Written September 15, 2021 The goal of this article is to unite and create a coherent argument around the basic microeconomic idea of price equals marginal cost (P=MC), of fiat money as a product, and how bitcoin relates to these two. I must warn all readers that this is just a frame of thought, or, as Steve Jobs would have put it “connecting the dots.” It is by no means a finished concept, and the community will have to help evolve and polish this idea, the same way I…

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Annual US Dollar Remittances to Nigeria Surge to $34 Billion but Forex Woes Persist – Emerging Markets Bitcoin News

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[ad_1] According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion. Still, a large portion of the funds doesn’t seem to be entering domestic forex markets. Target Attained Two Years Ahead of Schedule The increase, which has been attributed to the Central Bank of Nigeria (CBN)’s “naira for dollar” incentive scheme, once again highlights the growing importance of diaspora remittances to Africa’s most populated country. As Biodun Adedipe, an economist…

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Bitcoin trader eyes US dollar for BTC price breakout cue, Ethereum clings to $2K

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[ad_1] Bitcoin (BTC) stayed below the $33,000 mark on July 9 with a fresh price dip also putting an end to altcoin strength.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price flips $33,000 support Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged below a previous support level into Friday. Earlier in the week, $33,000 saw multiple tests but remained in place as support, this only coming undone on Thursday. $33,000 then became involved in a form of short-term support/resistance flip, with Bitcoin unable to reclaim it and…

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Bitcoin Blowback Dollar Hegemony – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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[ad_1] Abstract The United States dollar dominates world commerce. In 2019, it made up 88% of global trade, and no other currencies came close. This dominance gave the United States power over any other country that exports anything from anywhere. For example, due to the mechanics of the petrodollar, oil is settled in dollars regardless of where it comes from. Consequently, not only does this frustrate U.S. rivals by making them vulnerable to trade sanctions, but ultimately causes them to craft savvier innovations to conduct commerce. This is what the…

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Silicon Valley ‘Super Angel’ Investor Ron Conway Says Crypto Economy Is the Next Multitrillion Dollar Opportunity – Markets and Prices Bitcoin News

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[ad_1] Famed Silicon Valley “super angel” investor Ron Conway sees the crypto economy as the next multitrillion-dollar opportunity in innovation. The Silicon Valley legend likens Coinbase to Google after the company’s IPO via a direct listing on Nasdaq. Crypto Is the Next Multitrillion Dollar Opportunity in Innovation Legendary investor Ron Conway, who is often described as a Silicon Valley “super angel,” discussed the state of the crypto market and its future outlook in an interview with CNBC Wednesday. Conway, an early investor of Coinbase, likens the company to Google. An…

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