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.
Currencies
Explore the most recent news stories, market data and trading info about world currencies including U 
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.
Amazon May Start Accepting BTC Payments by End of 2021 and Launch Its Own Coin in 2022
By Daria Rud
Notably, Bitcoin is the first currency Amazon is considering. However, in the future, it will expand its possibilities with other digital assets.
TSLA Stock Down 2% Yesterday, Tesla Hints at Holding Its Bitcoin Assets Despite Crash of BTC and China’s Crypto Ban
By Daria Rud
Currently, the market value of Tesla’s stake in Bitcoin is totaling approximately $1.26 billion, assuming the $2.48 billion value that was recorded at the end of last quarter has fallen by 49% as the trading value has done. TSLA stock was in red yesterday.
Biden Administration Flags Digital Yuan as Threat to Dollar
By John Kiguru
The Biden administration is advertent on the threats the digital yuan poses to the US dollar and its status as the world’s economic power. This follows a heightened effort from China to launch its CBDC early next year.
Fed Chairman Jerome Powell Said They Would ‘Engage with Public’ on Digital Dollar
The Federal Reserve chairman said that they would opt for a public-centric approach on cryptocurrencies, however, would proceed with the digital dollar developments only after weighing the risks it poses to the US financial system.
CoinShares Introduces DeFi Index Token for Institutional Investors
By Daria Rud
The DeFi Index token consists of wrapped assets – the company’s gold token DGLD (wDGLD), Bitcoin (wBTC), and Ethereum (wETH).
Anthony Pompliano: Bitcoin Could Hit $1M and Become Global Reserve Currency
By Daria Rud
While Bitcoin is experiencing an incredible rally, the US largest bank JPMorgan Chase is warning about risks associated with investing in BTC. In particular, volatility is the biggest issue.
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