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Tag: fiat

USDC’s Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binance’s BUSD Climbs 3%

October 17, 2022 wp-bot Bitcoin News

19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it

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FX Strategists From Citi Say Euro Could Sink to $0.86 if Macro Turmoil Continues

October 16, 2022 wp-bot Bitcoin News

While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could

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Chinese Researchers Propose Asian Digital Currency to Reduce Reliance on US Dollar

October 15, 2022 wp-bot Bitcoin News

Experts from an economic institute in China have circulated the idea of creating a blockchain-powered digital currency that could lower Asia’s reliance on the greenback.

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War Spurs Crypto Activity in Russia and Ukraine, Chainalysis Reports

October 15, 2022 wp-bot Bitcoin News

The deadly conflict that started with Russia’s assault on Ukraine has increased crypto-related activity in both countries, according to Chainalysis. Fiat inflation and sanctions pressure

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Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Days

September 28, 2022 wp-bot Bitcoin News

Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then,

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Is it Bitcoin’s time to shine? British pound drops to all-time low against the dollar

September 26, 2022 wp-bot Cointelegraph

The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but could the British pound’s weakness be a

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