Your Daily Digest of Global Stories
The probability that this occurs “is not 0%”, according to Bourbon. The stablecoins anchored to the dollar would lose relevance in such a scenario. A feasible scenario, and for many bitcoiners, more than possible, it is one in which the US dollar loses all its value. It is a potential reality that would lead to…
Ripple will not have the dollar, world reserve currency, in its CBDCS network. CBDC are not dead: Europe still believes in them. Yesterday, January 23, an executive order of the president of the United States announced the complete prohibition of the CBDC and the immediate termination of all the activities already initiated related to them….
Ripple will not have the dollar, world reserve currency, in its CBDCS network. CBDC are not dead: Europe still believes in them. Yesterday, January 23, an executive order of the president of the United States announced the complete prohibition of the CBDC and the immediate termination of all the activities already initiated related to them….
The initiative seeks to equalize the efficiency of payment methods, both in pesos and dollars. Javier Milei’s government has supported the idea of free currency competition in the economy. This Thursday, the Central Bank of the Argentine Republic (BCRA) announced a series of measures to promote currency competition in the economy. These regulations seek to…
In recent weeks, the currencies of several countries have fallen to levels not seen for years. The Indian rupee is at minimum levels and the yuan reached prices not seen since 2008. The US dollar has shown gains against the Chinese yuan, Japanese yen, Russian ruble and Indian rupee in recent weeks. This phenomenon of…
In bolivars, only the equivalent of 3.24 billion dollars circulates, estimates say. The dollars circulating in Venezuela are stagnant because dollarization is informal. In Venezuela, the circulation of US dollars in cash doubled that of bolivars, the local currency. According to the most recent study by the socioeconomic analysis firm Ecoanalítico, in November of this…
Under current economic conditions in Venezuela, everyday transactions are controlled by the bolivar, the local currency. Although it is something logical to think, this occurs in the midst of an economy that, for several years, was practically controlled by the US dollar informally. According to the most recent study from the socioeconomic analysis firm Ecoanalítica,…
In practice, coin competition is already happening, says Milei. In order to close the BCRA, it is first necessary to clean it up. Javier Milei, current president of Argentina, came to power making unusual promises. Among them was the establishment of a regime of free currency competition (popularly referred to as “dollarization”) and the closure…
Donald Trump’s recent victory in the United States presidential election has opened a discussion: can bitcoin, a decentralized currency, become an ally to strengthen the US dollar? This debate focuses on a key promise of his campaign: the creation of a Bitcoin Strategic Reserve. According to a Report by Zack Shapiropolicy director at the Bitcoin…
Russian President Vladimir Putin denied that Russia is seeking to abandon the use of the US dollar in its international transactions. This statement came this week during his speech at the Valdai International Discussion Club, where he took the opportunity to congratulate Donald Trump on his victory in the recent United States presidential election. “We…
