Auto Added by WPeMatico

Ripple Reveals Exchanges for Stablecoin RLUSD Launch

Ripple has announced that its new USD-denominated stablecoin, RLUSD, will be available globally through strategic partnerships with major platforms, including Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish. Fully…

Continue ReadingRipple Reveals Exchanges for Stablecoin RLUSD Launch

Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion

Costco’s gold bars are flying off the shelves as record-high gold prices spark a buying frenzy across the U.S. A recent survey found that 77% of Costco stores offering gold…

Continue ReadingGold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion

Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa

Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend is driven by the instability of local currencies and limited…

Continue ReadingInflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa

De-Dollarization Faltering in Africa Because Citizens Lack Confidence in Their National Currencies

Despite clearly articulating reasons for de-dollarization in the Global South, African leaders will struggle to convince residents to embrace national currencies without changing economic management practices. People often lose confidence…

Continue ReadingDe-Dollarization Faltering in Africa Because Citizens Lack Confidence in Their National Currencies

Fidelity’s Director of Global Macro Sees Bitcoin as ‘Exponential Gold’ on Store of Value Team

Fidelity Investments’ Director of Global Macro sees bitcoin as “exponential gold” and “an aspiring player on the store of value team.” According to his analysis, bitcoin’s price is “driven primarily…

Continue ReadingFidelity’s Director of Global Macro Sees Bitcoin as ‘Exponential Gold’ on Store of Value Team

Mexican Billionaire Ricardo Salinas Doubles Down on Bitcoin, Advises Using It as Inflation Hedge

Ricardo Salinas, the third wealthiest man in Mexico, has recently doubled down on his proposal to use Bitcoin as a reserve asset. On social media, Salinas defended the role of…

Continue ReadingMexican Billionaire Ricardo Salinas Doubles Down on Bitcoin, Advises Using It as Inflation Hedge

Skybridge Founder: It Pays to Be Long Bitcoin — BTC Will Be Inflation Hedge and Store of Value as It Scales

Skybridge Capital founder Anthony Scaramucci firmly believes that bitcoin will be both an inflation hedge and a store of value as the cryptocurrency scales. He emphasized that bitcoin is “still…

Continue ReadingSkybridge Founder: It Pays to Be Long Bitcoin — BTC Will Be Inflation Hedge and Store of Value as It Scales

Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey

The new all-time highs come despite Bitcoin still being down over 50% against its price peak of $69,000 against the U.S. dollar.

Continue ReadingBitcoin price hits all-time highs across Argentina, Nigeria and Turkey

Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May

The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being…

Continue ReadingZimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May

South African Government to Add Crypto Entities to ‘List of Accountable Institutions’

According to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto assets — are set to be included in the list…

Continue ReadingSouth African Government to Add Crypto Entities to ‘List of Accountable Institutions’