Search Results for: US Dollar
The future of money is gold
February 25th, 2021
This article explains why the successor money to failing fiat is gold, not cryptocurrencies. Cryptos can only act as stores of value so long as fiat exists. I describe how a world transacting with monetary gold and properly ...
Is Bitcoin Strangling The Other Cryptos? Part 2: The Little Guys Are Soaring
January 22nd, 2021
The idea that “bitcoin is its own asset class” and should therefore be judged based on its own highly-constrained supply rests on the assumption that the rest of cryptospace consists of “shitcoins” that will evaporate as bitcoin, with its ...
Emerging market stocks neared a record high on Friday
January 8th, 2021
Emerging market stocks neared a record high on Friday as hopes of economic recovery and loose monetary policy lifted sentiment, while most currencies in Europe, the Middle East and Africa fell against a recovering dollar. The MSCI’s index of ...
Japan prepares for digital currency, in line with China and others
December 30th, 2020
Japan is gearing up its preparation for the issuance of digital currency in both the public and private sectors following swift moves by China and other countries to do the same. Virtual money issued by central banks around the ...
British pound plunges
December 22nd, 2020
Concerns about a new strain of coronavirus in the U.K. drove the British pound to its biggest loss since March, though the currency pared much of the loss after Prime Minister Boris Johnson made another offer to salvage Brexit ...
Indians are spending millions daily on cryptocurrency trading
December 10th, 2020
Retail investors aged between 25 and 40 are spending millions on trading in cryptocurrency in India every day, according to two of the top exchanges in the country. According to the country’s largest crypto exchange, WazirX, the company saw ...
Lebanon to launch digital currency in 2021, central bank governor says
November 16th, 2020
The plan as part of a broader effort to fight a parallel economic and financial crisis that has engulfed the country, according to CoinTelegraph. The country’s central bank has been pondering over the idea of a state-run digital currency ...
ASIC further regulates the selling of CFDs to Retail Investors
October 29th, 2020
The Australian Securities and investment commission has announced the restrictions on selling. They would like to protect investors, as they are saying. New rules will also mandate negative account protection. It will ensure customers do not lose more than ...
The destruction of the euro
October 26th, 2020
The Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming. Despite official denials over the years that it is a matter of concern, it is increasingly obvious ...
EU Leaders Say the UK Needs to Make some movements towards the agreement, while the pound is falling sharply
October 20th, 2020
The pound fell sharply against the dollar. EU leaders did not work intensively with the UK to reach a trade deal. They are required from Britain to make the needed moves to secure an agreement. EU leaders are ...
