Bitcoin plunged in early Wednesday trading after failing to secure a strong foothold above $9,700 earlier this week. Bitcoin is at risk of plunging towards $9,000 on a negative outlook for the S&P 500 index. Wall Street firm BTIG LLC has warned that the U.S. benchmark could correct towards the lower end of its current […]
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Tag: USD
Stablecoins Can Temper US Dollar Hegemony Risks, Says Non-Profit Exec
Stablecoins have the potential to temper the systemic threats posed by the United States dollar’s domination of global foreign currency reserves, according to an opinion piece published by the World Economic Forum (WEF). The argument was made by the Fusion Foundation’s John Liu and Lapa Capital’s Peter Lyons in an article published on the WEF’s Agenda on […]