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Trump’s Policies Threaten US Dollar Dominance, Warns Economics Professor

Coins Legend March 23, 2025 0

In a recent essay for the Financial Times that is heating up discussions in economic circles, Berkeley professor and author of Exorbitant Privilege: The Rise and Fall of the Dollar, Barry Eichengreen argues that President Donald Trump’s policies are significantly undermining the foundations of

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Bitcoin Price Watch: Fibonacci Levels Signal Potential Rebound if $85K Holds

Coins Legend March 23, 2025 0

Bitcoin’s price stands at $84,968 to $85,168 over the last hour, with a market capitalization of $1.68 trillion and 24-hour global trade volume totaling $10.64 billion. The cryptocurrency has traded within a $1,551 intraday range between $83,682 and $85,233 and remains 21.7% below its all-time high posted on Jan. 20, 2025. Bitcoin On the daily […]

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Fidelity Seeks SEC Approval for Ethereum-Integrated US Treasury Money Market Fund Hosted 

Coins Legend March 23, 2025 0

Fidelity Investments has filed with the U.S. Securities and Exchange Commission (SEC) to launch the Fidelity Treasury Digital Fund, an institutional-focused money market fund that will use blockchain technology to record share ownership while investing primarily in U.S. Treasury securities. Fidelity’s Proposed Fund Uses Ethereum Blockchain for Secondary Share Recording The

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Tokenized Treasuries Hit $4.77B as Blackrock’s BUIDL Gains $463M in 8 Days

Coins Legend March 23, 2025 0

Recent figures reveal Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL) has ballooned by $463 million in a brisk eight-day span. Since the opening week of March, tokenized U.S. Treasury funds have expanded by a striking $720 million, marking a significant leap in their financial footprint. Tokenized Treasury Funds—A 566% Leap in 12 Months Tokenized Treasury […]

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Fed Pauses Rate Hikes, Gold Hits All-Time High, and More — Week in Review

Coins Legend March 23, 2025 0

The fed pauses rate hikes, gold hits an all-time high, XRP bulls take charge after SEC decision, and more in this Week in Review. Week in Review The Federal Reserve held rates steady and reduced its Treasury redemption cap. Gold surged to a historic $3,038 per ounce amid geopolitical tensions and uncertainty. In crypto, XRP […]

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Court Sounds Alarm on Jury Scam Demanding Bitcoin Payments

Coins Legend March 23, 2025 0

Scammers are forging arrest warrants for missed jury duty, demanding payment in bitcoin and gift cards. They use realistic court-style documents and urgent threats to exploit fear of arrest. Court Warns of Forged Arrest Warrants Tied to Bitcoin Demands Over Missed Jury Duty The U.S. District Court of the Western District of Virginia announced on […]

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UAE Leads World in Crypto Obsession, Study Finds

Coins Legend March 23, 2025 0

A study by Atmos ranks the UAE as the world’s most crypto-obsessed country due mostly to its high crypto ownership and adoption rates. UAE Has Highest Crypto Ownership Rate Globally According to a study by Atmos, the United Arab Emirates (UAE) is the world’s most crypto-obsessed country, with a score of 98.4. The Middle Eastern […]

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$23 Million Seized as Crypto Market Maker Collapses With Guilty Plea

Coins Legend March 23, 2025 0

A crypto market maker admitted to years of fake trading, using custom software to inflate token prices and volumes in a massive scheme to mislead investors. Wash Trading Empire Crushed: DOJ Exposes Years-Long Crypto Volume Scam The U.S. Department of Justice (DOJ) announced on March 21 that Gotbit Consulting LLC and its founder Aleksei Andriunin […]

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Tether Ranks Seventh Among Top US Treasuries Buyers in 2024

Coins Legend March 23, 2025 0

Tether, the largest stablecoin company in the cryptocurrency space, has become one of the largest buyers of U.S. treasuries as a way of backing the value of the over 140 billion USDT issued. According to data posted by Tether CEO Paolo Ardoino, the company purchased over $33 billion in treasuries in 2024, only falling behind […]

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Stablecoins, Not Bitcoin, Extend US Dollar Hegemony, Chinese Economist Warns

Coins Legend March 23, 2025 0

A Chinese economist, Zhang Ming, argues that U.S. dollar-pegged stablecoins, not Bitcoin or Ethereum, are strengthening the U.S. dollar’s global dominance. Dollar-Pegged Stablecoins Bolstering Dollar’s Global Role According to Zhang Ming, deputy director of the Institute of Finance and Economics at the Chinese Academy of Social Sciences, U.S. dollar-pegged stablecoins, not