Economist Peter C. Earle says de-dollarization has begun, emphasizing that “It’s not just the conscription of the dollar in economic warfare, but increasingly error-fraught monetary policy regimes that are driving various interests away from the greenback.” He described: “By weaponizing dollar dominance and permitting expanding mandates to disorient U.S. monetary policy, the dollar’s fate as the lingua franca of world commerce over the long haul may already be sealed.” Rising De-Dollarization Trend Economist Peter C. Earle wrote an opinion piece, titled “De-dollarization Has Begun,” published by the American Institute of…
Day: April 14, 2023
EOS EVM to allow interoperability across Ethereum, EOS
EOS EVM emulates the Ethereum Virtual Machine (EVM) and allows for the deployment of decentralized applications (DApps) written in Solidity, the programming language used by the vast majority of web3 developers. The EOS Network Foundation (ENF) has announced the beta launch of the EOS EVM Mainnet, which aims to improve interoperability between two blockchain ecosystems, Ethereum and EOS. This release is expected to enable interoperability between these networks. Launching April 14th: The next generation of EVMs is almost here. At 800+ swaps per second, $EOS EVM is BY FAR the…
ROOK Investors Begin Swapping Tokens for $25M Crypto Treasury
“This has been a dynamic, collaborative process, designed to accommodate the community’s wishes for the ROOK token and the new Incubator DAO.” Rook Labs’ pseudonymous CEO Hazard told CoinDesk in a Discord message. “We’re grateful for the enthusiastic participation of ROOK holders and community members, and are happy to see the tokenholders of Incubator DAO exercising their new autonomy. From here, Rook Labs will move forward with our objective of building innovative MEV infrastructure, operating within the bounds of real-world legal and regulatory frameworks and business imperatives.” Source
Ether’s Post-Shanghai Rally Knocks Bitcoin Dominance From 21-Month High
The BTC dominance rate is the BTC market capitalization’s share of the total market cap of the cryptocurrency market. The metric is important to assess the relative strength of BTC, the largest cryptocurrency by market value, compared to the broader crypto market, or identify periods when altcoins outperform, also known as an altcoin season. Ether dominance, similarly shows the second largest cryptocurrency’s relative value to the crypto market. Original