global economy

Grassroots Crypto Adoption Being Led by Lower Middle-Income Nations Like India, Nigeria and Ukraine – Report

September 19, 2023 The Daily Hodl

Blockchain

The global economy has endured many challenges during the past few years, following the Covid-19 outbreak. We’ve all witnessed unprecedented levels of inflation as well as a lot of economic uncertainty. It’s also no secret that the crypto and blockchain space has been impacted by these issues, along with the spectacular collapse of large platforms […]

The post Grassroots Crypto Adoption Being Led by Lower Middle-Income Nations Like India, Nigeria and Ukraine – Report appeared first on The Daily Hodl.

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Breaking the Barriers of Traditional Banking With Digital Assets

May 3, 2023 Bitcoin.com

Banking Industry

Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling the squeeze. A number of banks have failed recently due to mismanagement, poor risk management, and other factors which are leading to bailouts and buyouts from large players. They’re consolidating with larger banks faster than […]

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ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations

April 18, 2023 Bitcoin.com

bitcoin.com

There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However, she warned that if the U.S. were to default […]

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Economist and Political Scientist Refute Claims of US Dollar’s Demise Despite Trend of De-Dollarization News

April 17, 2023 Bitcoin.com

anti-imperialists

This year, there has been a flurry of news reports and opinion editorials discussing an alleged de-dollarization trend amid a wave of disclosures associated with the BRICS bloc. In a recent article, the American political scientist and author Ian Bremmer insisted that claims of the U.S. dollar dying are overblown. In addition to Bremmer’s comments, […]

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Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

April 13, 2023 Bitcoin.com

bitcoin.com

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 […]

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Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now

April 2, 2023 Bitcoin.com

algeria

On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and […]

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A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking

March 27, 2023 Bitcoin.com

100% deposits

Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08 for every dollar deposited by customers. Although there […]

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Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains

March 18, 2023 Bitcoin.com

asset allocation

At the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in the global banking system is at an all-time […]

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Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa

March 15, 2023 Bitcoin.com

12th largest

After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more than $82 trillion in value, […]

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US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision

March 14, 2023 Bitcoin.com

all-items index

The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion have spread. Market strategists are further anticipating the U.S. central […]

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