Tag Archives: Reserve

Michael Novogratz Warns China’s Digital Currency Revolution Might Undermine U.S. Reserve Status

Billionaire Michael Novogratz has warned that the United States’ reserve status is likely to be undermined by China’s blockchain and cryptocurrency revolution. In the forewarning, he underscores that China is already ahead in some areas such as fintech, and the United States is merely playing catch-up. Continue reading Michael Novogratz Warns China’s Digital Currency Revolution Might Undermine U.S. Reserve Status

JP Morgan Admits Dollar’s Doomed Reserve Status to Unwittingly Cheer Bitcoin

The US dollar is at risk of losing its status as the world’s dominant currency. That’s according to one strategist at JP Morgan’s private bank who is advising wealthy clients cut their dollar holdings in half. Continue reading JP Morgan Admits Dollar’s Doomed Reserve Status to Unwittingly Cheer Bitcoin

Pompliano Says Bitcoin Becoming Global Reserve Currency Before Our Eyes As BBVA Blocks Thousands of Bank Accounts

BBVA, Spain’s second largest bank, sparked protests in Madrid following the bank’s decision to block thousands of accounts belonging to Chinese nationals. The protestors claim the bank blocked their accounts based on money laundering regulations. Continue reading Pompliano Says Bitcoin Becoming Global Reserve Currency Before Our Eyes As BBVA Blocks Thousands of Bank Accounts

Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price

The Federal Reserve Bank of St. Louis has released an article today about Bitcoin. In it, the bank notes that the price of Bitcoin has three potential futures: indefinite, infinite appreciation; zero; or somewhere in between. They believe it will be somewhere in between. Continue reading Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price