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…
Tag: News
Mastercard Launches NFTs to Support Emerging Musicians Through Web3 Technologies – Blockchain Bitcoin News
According to Mastercard, the payments giant has launched non-fungible tokens (NFTs) that grant access to the Mastercard Artist Accelerator program, designed to support emerging musicians. Developed in collaboration with Polygon, the NFT project highlights Mastercard’s intent to embrace Web3 technologies. Mastercard Launches Second NFT Offering In January, Mastercard announced its partnership with Polygon to support up-and-coming artists through the Mastercard Artist Accelerator program. During the NFT.NYC conference, the company unveiled NFTs that provide entry to this program. “Until the end of the month, music and Web3 enthusiasts can redeem Mastercard…
London Stock Exchange’s LCH SA to Clear Bitcoin Futures and Options on GFO-X Through New Service – Bitcoin News
On April 13, 2023, the London Stock Exchange’s LCH division, a clearing house group serving major international exchanges and a wide range of over-the-counter (OTC) markets, announced its plans to offer clearing of bitcoin index futures and options contracts traded on GFO-X. Frank Soussan, the business lead at LCH Digital Asset Clear, stated during the announcement that “bitcoin index futures and options are a rapidly growing asset class.” LCH SA’s Move to Clear Bitcoin Futures and Options Contracts Reflects the Growing Interest Among Institutional Market Participants A division of the…
ETHGlobal Hackathon Kicks Off in Tokyo With First Ever Pragma Summit – Bitcoin News
As previously announced by ETHGlobal, the first-ever Pragma summit kicked off the wider ETHGlobal Tokyo hackathon on Thursday as a “hub for high-quality talks and as a forum of discussion for builders and leaders from the Ethereum ecosystem and beyond.” The event, emceed by Kartik Talwar of ETHGlobal, featured on-stage interviews with Aya Miyaguchi of the Ethereum Foundation, Juan Benet of Protocol Labs, The Network State author and bitcoin proponent Balaji Srinivasan, and Stani Kulechov of Aave Companies. Product announcements were also made by several featured speakers. First-Ever ‘Pragma’ Summit…
Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency – Economics Bitcoin News
According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the U.S. Dollar’s Global Dominance Recent discussions have focused on removing the U.S. dollar’s status as the global reserve currency, and this idea is becoming more of a reality in 2023. Speaking at the New Development…
Why Didn’t You Sell the News of Ethereum’s Shanghai Upgrade?
Going by the numbers, it seems like many ether (ETH) stakers have decided to hold onto their coins. Although several analysts predicted the just-completed Ethereum Shanghai hard fork (along with the separate Capella upgrade, together known as “Shapella”) would be a “sell-the-news” moment, ETH has actually climbed to eight-month highs. The second-largest crypto by market capitalization was trading above $2,000 for the first time since last summer, after gaining ~3% during trading hours in Asia. Source DidntEthereumsNewsSellShanghaiupgrade CryptoX Portal
Ethereum’s Shapella Upgrade Complete | Blockchain News
The Ethereum mainnet has completed its Shapella upgrade, allowing validators to finally withdraw their staked Ether on the Beacon chain. This successful execution is a significant step for Ethereum, as it enables validators to access their staked funds and provides an opportunity for ETH holders to move assets into Ethereum staking pools. At the time of writing, a total of 126,955.07 ETH had been withdrawn by validators. Of the 559,549 active validators, about 44% of them, or 248,043 validators, have the ability to request a partial or full withdrawal. The…
Ethereum’s Shapella Upgrade Unlocks Staked Ether, Over 860K ETH Poised for Withdrawal, Price Surges 6% – Bitcoin News
On Wednesday, April 12, 2023, at 6:30 p.m. Eastern Time, Ethereum’s Shapella upgrade was successfully implemented, enabling validators to withdraw staked ether. Data reveals that more than 860,000 ether is poised for unlocking, and 77,000 ether is expected to be withdrawn on Thursday. Ether’s price has experienced a surge, rising 6% against the U.S. dollar within the past 24 hours. Staked Ether Can Now be Withdrawn Following the Network’s Shapella Upgrade Ethereum underwent a substantial update on April 12 when the Shapella hard fork launched, allowing validators to access their…
DOGE Snaps Losing Streak as SOL Hits Fresh 6-Week High – Market Updates Bitcoin News
Dogecoin snapped a two-day losing streak on Thursday, as sentiment in crypto markets remained bullish. The meme coin moved to a one-week high, moving away from a key price floor in the process. Solana rose for a fifth straight session. Dogecoin (DOGE) Dogecoin (DOGE) ended a two-day losing streak in today’s session, as prices rose by over 5% on Thursday. Following a low of $0.0821 on Wednesday, DOGE/USD raced to a peak of $0.08838 earlier in today’s session. As a result of the move, the meme coin continued to to…
FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange – Bitcoin News
FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s token, FTT, increased by over 70%, rising from $1.30 to $2.35 per unit. Lawyers Say FTX Is Considering a Reboot Lawyers representing FTX debtors recently told the U.S. bankruptcy judge that they have been discussing the possibility of relaunching the exchange. Andrew Dietderich of Sullivan & Cromwell stated that…