Search results for US dollar
Crypto
Billionaire Tim Draper says bitcoin era is coming, maintains $250,000 forecast
Investor Tim Draper said bitcoin’s value against the U.S. dollar could rise to “infinity” over the long term as bitcoin payments spread and could drive fundamental change in the financial system. He said companies may move from accepting bitcoin to accepting only bitcoin, potentially triggering large-scale bank withdrawals. Draper also pointed to U.S. states with pro-crypto environments and reiterated his long-term forecast that bitcoin could reach $250,000, despite repeated deadline revisions.
Crypto
KB Kookmin Bank issues first US dollar digital bond by a Korean bank
KB Kookmin Bank has successfully issued a blockchain-based US dollar digital bond, the first such deal by a South Korean bank. The bank said it sold a $100 million two-year digital bond with HSBC as sole arranger. The bond was issued via the HSBC Orion digital asset platform and linked to a clearing and settlement system run by a central securities depository under the Hong Kong Monetary Authority.
Crypto
Rich Dad author says 1974\'s future has arrived, warns of U.S. 401(k) system risks
Robert Kiyosaki, author of the bestseller \"Rich Dad Poor Dad\", said the future shaped in 1974 has now arrived and again recommended bitcoin, gold and silver as alternatives to traditional money. He argued that rising debt, inflation and retirement insecurity are increasing risks borne by individuals. He said changes to U.S. retirement rules shifted security away from defined-benefit pensions toward 401(k)-style market savings, warning many baby boomers may face no income after they stop working.
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Crypto
XRP seen as long-term savings asset amid inflation
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Finance
Higher yields and FX gains drive funds into dollar parking products amid high won-dollar rate
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Crypto
Tether halts Bitcoin mining in Uruguay amid rising energy costs
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Crypto
Meme coin popularity fades as utility emerges in crypto market