U.S. Dollars

New Jersey Regulators Urge Crypto Investors to Withdraw Funds From Abra

August 13, 2024 Bitcoin.com

Abra

New Jersey’s Attorney General, the Division of Consumer Affairs, and the Bureau of Securities have urged investors to immediately withdraw funds from crypto platform Abra. This follows a multi-state investigation into the platform’s alleged violations of state securities laws. Affected investors will receive refunds, with crypto assets being converted to U.S. dollars. New Jersey Investors […]

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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Economist Peter Schiff Advises Against Buying US Dollars — Warns of USD Breakdown

May 30, 2024 Bitcoin.com

bitcoin.com

Economist Peter Schiff cautions against buying U.S. dollars or selling gold, citing rising Treasury yields as a result of the government’s failure to control the national debt and inflation. He notes the widening trade deficits, suggesting an unproductive economy will further weaken the dollar and increase prices. Schiff Warns Against Buying US Dollars Economist and […]

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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Arbitrum Airdrop Goes Live: ARB Price Drops More Than 85%

March 23, 2023 Bitcoin.com

Airdrop

On Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices recorded the day before. Arbitrum airdropped just over a billion ARB tokens, or 11.6% of the total supply. At noon ET, more than 474 million tokens had been claimed. Wild Volatility for ARB Token: […]

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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise

March 11, 2023 Bitcoin.com

bitcoin.com

The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling a speculative attack that has increased the demand of the population for foreign currency. This rise in demand has been caused by several factors which led the population to believe there might be a devaluation […]

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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’

October 30, 2022 Bitcoin.com

Bitcoin

Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on Oct. 28, Hanke said that he updated the probability of a U.S. recession to […]

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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse the Economy’

June 20, 2021 Bitcoin.com

Bitcoin

The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for the Latin American country to use bitcoin as legal tender and says it could “completely collapse the economy.” Steve Hanke Wants Countries to Adopt Currency […]

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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Cuba’s Central Bank Suspends US Dollar Deposits Nationwide – Officials Cite Embargo ‘Obstacles’

June 13, 2021 Bitcoin.com

America

The Republic of Cuba is suspending the use of U.S. dollars due to embargo restrictions with U.S. and foreign banks. The central bank of Cuba’s restrictions stems from the “obstacles that the U.S. embargo creates for the national bank system.” Cuba Bans USD Deposits, BCC Tells Tourists to ‘Arrive With a Currency Other Than the […]

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Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender