USD

Finance

USD bank transfers comprise only a tiny bit of monthly active users, the exchange said.

By Helene BraunFeb 6, 2023

A Goldman Sachs strategist wrote a peak in the U.S. dollar "feels several quarters away," which could be bad news for bitcoin (BTC). Bitcoin miners Core Scientific (CORZ) and Argo Blockchain (ARBK) were downgraded by Wall Street investment bank DA Davison due to bear market woes. Terraform Labs co-founder Do Kwon is rumored to have left Singapore for Dubai, according to Bloomberg.

Oct 21, 2022

One indicator tracking U.S. dollar liquidity calls for caution on the part of the bulls. The so-called USD Liquidity Condition Index has slipped to a 19-month low of $5.7 trillion, according to a chart provided by TradingView. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

Sep 30, 2022

DBS makes U-turn over retail crypto trading plans. China confirms expansion of e-CNY trials, but what’s needed to really spur adoption? Experts: USD-backed stablecoins to continue dominance in the market. New owner gives Pudgy Penguins NFTs happy feet.

Apr 4, 2022

Michael Chobanian, the founder of Ukraine Crypto Exchange KUNA, joins “First Mover” to provide a firsthand perspective on the escalating tensions between Russia and Ukraine. Chobanian highlights a “slight panic” among the local population and a growing demand to exchange cash for crypto as fears of economic destabilization arise. Plus. he explains that in Ukraine, “Tether is more valuable than US Dollar” and uses the geopolitical crisis to make a case for decentralization. 

Feb 23, 2022

U.S. Sens. Jim Risch, Bob Menendez and Bill Cassidy proposed a new act that would require a State Department report on mitigating risks to the U.S. financial system from El Salvador's adoption of bitcoin as legal tender. The legislation quickly drew a sharp rebuke on Twitter from El Salvador President Nayib Bukele calling the senators "boomers." "The Hash" hosts dive into the history of Latin America and U.S. politics. The crew also discusses the essence of this legislation and how it's less about El Salvador and more about keeping the U.S. dollar the reserve currency.

Feb 18, 2022

The Turkish Lira is proving to be more volatile than bitcoin, according to data from Chainalysis. The Lira's 90-day historical volatility (HV), a measure of how much the price fluctuated from its average, has risen to an annualized 65% against the U.S. dollar. Meanwhile, bitcoin has dropped to 61%. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Jan 13, 2022

CoinDesk has released an in-depth report titled "The Mnuchin Files: New Documents Shed Light on Trump-Era Crypto Policy." The 250-page report examines the U.S. crypto policy during the Trump administration, revealing Jared Kushner advocated behind the scenes for a U.S. digital currency. CoinDesk's Global Policy & Regulation Managing Editor Nikhilesh De discusses the key highlights.

Jan 11, 2022

Bitcoin continues to retreat as stocks and oil prices also suffer from the strength of the U.S. dollar. Managing Director of the Strategic Funds Marc Lopresti discusses the potential factors driving bitcoin’s price lower, his strategy for navigating volatility in the crypto markets, and his 2022 bitcoin price outlook.

Jan 10, 2022

PayPal is looking into launching its own stablecoin as the company grows its crypto business. Hidden code in its iPhone app shows a potential “PayPal Coin” would be backed by the U.S. dollar. “The Hash” panel discusses Paypal’s latest crypto efforts, potentially bringing mainstream blockchain awareness.

Jan 10, 2022