Category: Cash

U.S. dollar index retreats from 20 year highs — but will DXY topping spark a Bitcoin recovery?

May 26, 2022

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The U.S. dollar index (DXY) retreated broadly from its prevailing bull run in the past two weeks, dropping by up to 3.20% after hitting its two-decade high of 105. Overvaluation risks grip dollar market Dollar’s correction in the last two weeks preceded twelve months of relentless buying. To recap, the greenback’s weight against the basket […]

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Crypto is the next step toward a cashless society

June 13, 2021

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From QR code payments to mobile banking apps, consumers worldwide are increasingly reliant on digital payment solutions, especially as mobile technology becomes more ubiquitous. Government-led efforts in driving cashless economies have been a key factor, with countries such as Singapore or the Philippines seeing their central banks driving the adoption of contactless payments during the […]

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Digital euro could take four years, says ECB president Christine Lagarde

March 31, 2021

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The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said. 4673 Total views 30 Total shares It could be a while before European Union gets a central bank digital currency, if it gets one at all. In a Wednesday interview with Bloomberg Television, European Central Bank President Christine Lagarde laid out the […]

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Abra CEO’s portfolio is 50% Bitcoin as cash is ‘becoming worthless’

October 26, 2020

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Abra’s CEO purportedly increased his holdings prior to Bitcoin touching new 2020 highs. 6383 Total views 53 Total shares The co-founder and CEO of major cryptocurrency company Abra is clearly bullish on Bitcoin (BTC). In an Oct. 23 tweet, Bill Barhydt, CEO of peer-to-peer payments platform Abra, claimed that he has significantly increased his Bitcoin […]

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New Zealand has no imminent plans to issue CBDC, says central bank exec

October 20, 2020

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Important questions about CBDCs remain unanswered for the Kiwis’ central bank. 5540 Total views 28 Total shares Financial authorities in New Zealand are in no hurry to issue a central bank digital currency, or CBDC, according to a central bank executive. Christian Hawkesby, assistant governor at the Reserve Bank of New Zealand, claimed that the […]

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