Tag Archives: dollar

Ren and UMA launch a Bitcoin-backed yield greenback

Trustless cross-chain bridge Ren and permissionless artificial asset platform UMA have teamed as much as launch a Bitcoin-backed yield greenback referred to as uUSD, along with a joint liquidity mining reward program. The partnership will lead to a product that enables traders to leverage Bitcoin permissionlessly on the Ethereum community. The uUSD is UMA’s second… Read More »

UMA Protocol’s New “Yield Greenback” Raises Safety Considerations for Bitcoin in DeFi

Key Takeaways Decentralized protocol UMA has introduced the launch of the Yield Greenback on renBTC, a coin representing Bitcoin on the Ethereum community. The launch will allow customers to mint renBTC and lock it into UMA to make use of as collateral to mint uUSD. Customers will even be capable to farm by staking uUSD… Read More »

Bitcoin Worth Sees Largest Drop In 30 Days As US Greenback Exhibits Renewed Power

KEY POINTS Bitcoin fell to as little as $11,151, reversing the positive factors from the final 5 days One key motive for the decline is the greenback’s revitalized power The worth retreat doesn’t spell doom for the crypto markets however the growing demand from institutional buyers Bitcoin has simply registered its greatest worth drop within the… Read More »

US Election and Greenback Downturn Will Gas Excessive-Octane Enhance for Bitcoin: DeVere CEO

The CEO and founding father of one of many largest impartial monetary advisories on the planet foresees financial situations that he expects to function rocket gasoline for Bitcoin (BTC). Nigel Inexperienced of deVere Group names the important thing components which will set off the subsequent Bitcoin bull run. “We will count on the world’s largest… Read More »

FIB Saves Elon Musk From Paying Million Greenback Bitcoin

The FBI mentioned it was blocking Elon Musk’s plot to steal mental property and demand a multi-million greenback ransom from Tesla. Ransom Will Be Requested In Bitcoin (BTC) On August 22, the Federal Bureau of Investigation arrested 27-year-old Russian nationwide Egor Kriuchkov. The FBI accused the suspect of making an attempt to bribe a Tesla… Read More »

Analysts Predict US Presidential Election End result Might Collapse Greenback, Enhance Bitcoin and Gold

Analysts have predicted a bearish outlook for the U.S. greenback because the nation’s 2020 presidential election approaches. One analyst says gold will right with Donald Trump’s victory adopted by the collapse of the U.S. greenback. Bitcoin, alternatively, stands to achieve from the election. Impact of 2020 US Presidential Election on Gold, Greenback, and Bitcoin Analyst… Read More »

Digital Greenback Might ‘Compete’ With Bitcoin

Digital {dollars} and central bank digital currencies are quick changing into a actuality, with China this month reportedly increasing a pilot program for its digital yuan. Whereas the U.S. has barely even begun desirous about a digital dollar, its potential implications have generated in depth debate, with a former governor of the Reserve Financial institution… Read More »

Bitcoin Is Now Larger than Financial institution of America and NZ Greenback by Market Cap

As Bitcoin will get extra help from first-time traders, its market capitalization has risen previous Financial institution of America’s market valuation, and put it inside placing distance of PayPal’s. In line with AssetDash knowledge on the time of writing, Bitcoin’s present market cap sits simply over $226 billion, having risen 3.2% within the final 24… Read More »

May the U.S. Greenback Fall Behind Bitcoin?

The U.S. dollar has lengthy been a dominant type of finance, however based on some analysts, the greenback’s energy and place in the monetary space is starting to fade. How the U.S. Greenback Is Shedding Its Grip To be truthful, the U.S. greenback nonetheless holds loads of priority. The forex is utilized to pay for… Read More »