Bitcoin Will Replace US Dollar, Jack Dorsey Says
By John K. Kumi
This was said in response to a question asked by Cardi B. She asked whether the US currency would be replaced by Bitcoin.
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Tesla Shorts at $69.42: Bitcoin Price Falling from $69K to $42K
By Daria Rud
The decline in the crypto market coincided with the downfall in the US stock market. Tech stocks turned out to be the most notable losers. What does it have to do with Elon Musk and Tesla shorts? Read on to learn!
EU Fines Top Banks for Participating in Foreign-Exchange Trading Cartel
By Daria Rud
The banks exchanged sensitive information and trading plans in a chatroom called “Sterling Lads.” As a result, traders were able to decide on whether and when to trade the currencies they had in their portfolios based on the information they received, without taking risks.
British Central Bank Thinks CBDCs Will Serve as a Revolution for Future of Money
As Britain witnesses a strong surge in the use of digital money, the BoE deputy governor believes that having a Digital Pound CBDC can exactly cater to this transition.
Turkish Lira Pummels to New Lows After Interest Cut
The Turkish lira continued its drop to unprecedented levels against the dollar on Tuesday. The currency hit an all-time low of 12.49 to the dollar. This amounts to a 20% loss in value since last week alone.
Treasury Deputy Secretary Says Crypto’s Growth Will Not Impact Dollar’s Dominance
The Treasury Deputy Secretary believes that the use of digital currencies in whatever format cannot prevent the effectiveness of US sanctions on countries like Russia.
Falling US Dollar Value Bullish for Bitcoin, BTC Price Heading $50K
On October 1, the flagship crypto-asset staged another significant move to reclaim the $45k level.
Biden Plans to Nominate Crypto Critic from Cornell as OCC Chief
By Sanaa Sharma
Omarova is known to have criticized the crypto markets over the general financial markets and speaks for a heightened involvement of the government in the Banking sector.
El Salvador Set to Create Bitcoin Trust Worth $150M to Simplify Exchange in USD
By Juhi Mirza
The new BTC Trust will allow merchants in the region to instantly convert their Bitcoin in US dollars.
Tether Responds to Bloomberg Article about Executives’ Fraud
By Daria Rud
According to Tether, it is currently running its usual business activities and focuses on its customers.
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