The weakening Euro currency and looming energy crisis have put further pressure on EUR/USD pair which has registered a breakdown on the charts.
Arthur Hayes believes that because of the HODL culture 1 Bitcoin would eventually equal $1 million in about 8 years.
The US dollar is globally recognized as a safe haven, and so the recent market condition has increased demand for the currency.
While inflation worries remain persistent in the UK, recent data on business activity turned out to be better than preliminary estimates.
The Eurozone’s inflation data came in at 8.6% in June, a figure that has prompted the European Central Bank (ECB) to give advance notice to market stakeholders of its intentions to hike interest rates.
For MicroStrategy, Bitcoin is still the top digital currency, despite the downturn in market trends and volatility. And according to Binance CEO, there is common sense in such a position and Bitcoin-related decisions made by Michael Saylor.
The blockchain payments company, Ripple Labs Inc has announced the launch of its hackathon dubbed Ripple CBDC Innovate challenge as it seeks to power innovation bordering on Central Bank Digital Currencies.
As 3AC is standing a risk of going bankrupt, its lenders started liquidating the firm’s positions and portfolio companies began distancing themselves.
Finance ministers and central bankers from the Group of Seven (G7), a group of nations boasting the world’s most advanced economies, recently stepped up their calls for more stringent regulation of cryptocurrency assets, especially so-called stablecoins that are pegged to the price of traditional fiat currencies.
In addition to burning its tokens, Tether also announced an audit with 12 leading companies to ensure the transparency of its USDT reserves.
With the increasing number of crypto-asset services providers (CASPs) in the EU, institutions of the European Union are called for accelerating the process of finalizing the Regulation on Markets in Crypto-Assets (MiCA). While the EU is still finalizing the law, Lithuania decided to be ahead of the game.
Kiyosaki tweeted on Monday that the Biden government and the Federal Reserve plan for inflation to trade-off trillions in debt.
Despite the obvious war in the race for supremacy on the digital currency scene, industry advocates are pushing the narrative that it is pointless for the United States to compete against China’s Digital Yuan.
The Ruble, on Monday, fell by around 25% dropping below $0.01, a new record low.
The average amount donated is around $1,000 to $2,000. The group has received at least 317 individual donations in the past two days.