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Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex Market

Nigerian Currency Slides 5% After Central Bank Injects More Than  Million Into Forex MarketThe Nigerian naira continued with a downward which recently saw it being named the worst-performing currency when it slid by just over five per cent to erase the previous day’s gains. The naira’s depreciation is said to have occurred just a day after the central bank intervened by injecting between $80 million and $100 million. […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Analyst Forecasts BTC to Reach $1 Million in 10 Years, Envisions It as Future Reserve Currency

Analyst Forecasts BTC to Reach  Million in 10 Years, Envisions It as Future Reserve CurrencyOnchain bitcoin analyst Willy Woo predicts that the leading cryptocurrency will reach the $1 million milestone within the next decade. During what he describes as “a time to be alive,” Woo anticipates witnessing a purge of central bank corruption. However, one of Woo’s followers envisions a Central Bank Digital Currency (CBDC), not bitcoin, replacing the […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains

Nigerian Currency Becomes Worst-Performing After Erasing All Early April GainsThe Nigerian currency, which has been depreciating against the U.S. dollar in the past few weeks, has completely erased its gains from early April, making it the worst-performing currency in the world. The decline of the naira is attributed to Nigeria’s ongoing foreign exchange shortages. One economist expects the pressure on the currency to peak […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

IMF Official: Countries Are Reevaluating Their Reliance on the US DollarFirst Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated in the recent shocks from the coronavirus pandemic, the geopolitical situation with Russia, and national security concerns. IMF Executive: Nations Examining Reliance on U.S. Dollar […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Analyst Heralds Multi-Year Bull Market For Gold: $8,000 per Ounce at Play

Analyst Heralds Multi-Year Bull Market For Gold: ,000 per Ounce at PlayJan Nieuwenhuijs, a gold market analyst, has predicted a new multi-year bull market for gold. According to different factors, including the low percentage of gold as part of the global international reserves, and the size of the equity market, gold prices might be preparing to rise, putting prices of $8,000 per ounce in the realm […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Warren Buffett Sees No Alternative to US Dollar as Reserve Currency — Berkshire Holding $188 Billion in Cash

Warren Buffett Sees No Alternative to US Dollar as Reserve Currency — Berkshire Holding 8 Billion in CashWarren Buffett, chairman and CEO of Berkshire Hathaway, asserts that there is currently no viable alternative to the U.S. dollar as the world’s reserve currency, suggesting that U.S. debt will remain acceptable “for a very long time.” Berkshire currently sits on a cash pile of $188 billion, which Buffett views as “quite attractive.” Insights From […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

New Global Currency Designed To Ditch US Dollar, Avert Sanctions Emerging As BRICS Leaders Prepare To Meet: Report

New Global Currency Designed To Ditch US Dollar, Avert Sanctions Emerging As BRICS Leaders Prepare To Meet: Report

A group of economically-aligned nations known as BRICS is reportedly hammering out the details on a new currency designed to drop dependence on the US dollar. South African Ambassador to China Siyabonga Cyprian Cwele says BRICS members will meet this month to discuss the specifics, reports the Chinese state-backed Global Times. On the agenda is […]

The post New Global Currency Designed To Ditch US Dollar, Avert Sanctions Emerging As BRICS Leaders Prepare To Meet: Report appeared first on The Daily Hodl.

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Japan’s Yen Flash Crashes To 160 Per Dollar As Global Currency Exhibits Extreme Volatility

Japan’s Yen Flash Crashes To 160 Per Dollar As Global Currency Exhibits Extreme Volatility

The Japanese yen just tapped its worst level against the US dollar in more than three decades, reportedly triggering emergency intervention from the country’s financial authorities. After touching 160.17 per USD, Japan moved to stop the slide and prop up the world’s third most-traded currency, reports the Wall Street Journal. “The U.S. dollar weakens 1% […]

The post Japan’s Yen Flash Crashes To 160 Per Dollar As Global Currency Exhibits Extreme Volatility appeared first on The Daily Hodl.

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Former President Donald Trump’s Advisers Explore Penalties for Nations Ditching US Dollar

Former President Donald Trump’s Advisers Explore Penalties for Nations Ditching US DollarFormer U.S. President Donald Trump’s economic advisers are reportedly devising strategies to deter nations from reducing their reliance on the U.S. dollar. Proposed deterrents include export controls, currency manipulation charges, and tariffs. Trump remains committed to preserving the U.S. dollar’s dominance as the global reserve currency. Nonetheless, a growing number of countries, particularly BRICS members, […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Japanese Yen Tumbles to 34-Year Low Against Soaring US Dollar

Japanese Yen Tumbles to 34-Year Low Against Soaring US DollarThis week, the Japanese yen plummeted to its lowest point since 1990 against the U.S. dollar, weighed down by Japan’s monetary policy and uncertain economic indicators from the United States. Japanese Yen’s Rapid Decline Triggers Talk of Market Intervention The yen’s sharp drop to 158.283 per dollar signals a substantial downturn for the currency. This […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report