Mounting Trend of Challenges to USD Hegemony Reported: Saudi Arabia, BRICS; Ron Paul Weighs in on Potential Fall of Dollar as Reserve — Week in Review

0 0

knife

The United States dollar has been a hot topic in recent weeks, with multiple reported developments occurring globally which could signal significant moves toward de-dollarization in large economies. Former U.S. congressman Ron Paul also noted this week that if the USD’s influence as a reserve currency is undermined, it might happen later than some expect. All this and more, just below, in the latest Bitcoin.com News Week in Review.

US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States

After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent report, Saudi Arabia’s crown prince Mohammed bin Salman has told associates that Riyadh is no longer interested in pleasing the United States.

Read More

BRICS Nations Working on Creating New Currency to Be Discussed at Next Leaders Summit: Report

BRICS Nations Working on Creating New Currency to Be Discussed at Next Leaders Summit: Report

The BRICS nations are reportedly working on developing a new form of currency, which is expected to be discussed at the next BRICS leaders’ summit, according to a top Russian official. “The transition to settlements in national currencies is the first step. The next one is to provide the circulation of digital or any other form of a fundamentally new currency in the nearest future,” the deputy chairman of the Russian State Duma was quoted as saying.

Read More

ron paul u.s. dollar

Ron Paul on the Fall of the US Dollar as Reserve Currency: ‘It’s Always Longer Than Some Predictions’

Ron Paul, a former U.S. representative and member of the Libertarian Party, has addressed recent events directed to undermine the influence of the U.S. dollar as a reserve currency in international markets. Paul believes that even if this does happen, it will probably take more time than some predictions are saying.

Read More

Elon Musk Asks Judge to Dismiss Dogecoin Lawsuit Alleging That He Operated Pyramid Scheme to Promote DOGE

Elon Musk Asks Judge to Dismiss $258B Dogecoin Lawsuit — Insists Tweeting Support for DOGE Isn’t Unlawful

Tesla and Twitter CEO Elon Musk has asked a U.S. judge to dismiss a $258 billion lawsuit filed against him by dogecoin investors. They alleged that the billionaire operated a pyramid scheme to promote the meme cryptocurrency dogecoin. “There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion,” Musk’s lawyer argued.

Read More

What do you think lies in store for the U.S. dollar? What about bitcoin and dogecoin? Let us know in the comment section below.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 27,202.29
ethereum
Ethereum (ETH) $ 1,906.54
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 308.03
usd-coin
USD Coin (USDC) $ 0.999795
xrp
XRP (XRP) $ 0.52548
staked-ether
Lido Staked Ether (STETH) $ 1,904.62
cardano
Cardano (ADA) $ 0.378444
dogecoin
Dogecoin (DOGE) $ 0.072746
solana
Solana (SOL) $ 21.26
matic-network
Polygon (MATIC) $ 0.899274
litecoin
Litecoin (LTC) $ 95.22
tron
TRON (TRX) $ 0.076833
polkadot
Polkadot (DOT) $ 5.27
binance-usd
Binance USD (BUSD) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.000009
avalanche-2
Avalanche (AVAX) $ 14.52
dai
Dai (DAI) $ 0.999912
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 27,259.30
uniswap
Uniswap (UNI) $ 5.08
leo-token
LEO Token (LEO) $ 3.59
chainlink
Chainlink (LINK) $ 6.45
cosmos
Cosmos Hub (ATOM) $ 10.64
okb
OKB (OKB) $ 46.31
monero
Monero (XMR) $ 145.54
ethereum-classic
Ethereum Classic (ETC) $ 18.12
the-open-network
Toncoin (TON) $ 1.74
stellar
Stellar (XLM) $ 0.092402
bitcoin-cash
Bitcoin Cash (BCH) $ 114.74
filecoin
Filecoin (FIL) $ 4.97
internet-computer
Internet Computer (ICP) $ 4.82
lido-dao
Lido DAO (LDO) $ 2.33
true-usd
TrueUSD (TUSD) $ 0.998921
aptos
Aptos (APT) $ 9.00
quant-network
Quant (QNT) $ 119.24
hedera-hashgraph
Hedera (HBAR) $ 0.050951
arbitrum
Arbitrum (ARB) $ 1.24
crypto-com-chain
Cronos (CRO) $ 0.059374
near
NEAR Protocol (NEAR) $ 1.62
vechain
VeChain (VET) $ 0.019926
the-graph
The Graph (GRT) $ 0.131381
apecoin
ApeCoin (APE) $ 3.15
algorand
Algorand (ALGO) $ 0.152565
the-sandbox
The Sandbox (SAND) $ 0.56901
paxos-standard
Pax Dollar (USDP) $ 0.999885
eos
EOS (EOS) $ 0.908492
edgecoin-2
Edgecoin (EDGT) $ 1.00
frax
Frax (FRAX) $ 0.999486
elrond-erd-2
MultiversX (EGLD) $ 37.56
rocket-pool
Rocket Pool (RPL) $ 49.31
render-token
Render (RNDR) $ 2.60
optimism
Optimism (OP) $ 1.47
aave
Aave (AAVE) $ 63.86
fantom
Fantom (FTM) $ 0.323008
decentraland
Decentraland (MANA) $ 0.485518
theta-token
Theta Network (THETA) $ 0.853698
blockstack
Stacks (STX) $ 0.615655
tezos
Tezos (XTZ) $ 0.911652
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,047.37
axie-infinity
Axie Infinity (AXS) $ 7.10
immutable-x
ImmutableX (IMX) $ 0.814249
havven
Synthetix Network (SNX) $ 2.40
flow
Flow (FLOW) $ 0.731401
usdd
USDD (USDD) $ 0.999805
radix
Radix (XRD) $ 0.072574
bitdao
BitDAO (BIT) $ 0.500863
neo
NEO (NEO) $ 10.31
gala
GALA (GALA) $ 0.030222
kucoin-shares
KuCoin (KCS) $ 7.40
whitebit
WhiteBIT Token (WBT) $ 4.90
curve-dao-token
Curve DAO (CRV) $ 0.856568
bitget-token
Bitget Token (BGB) $ 0.471862
injective-protocol
Injective (INJ) $ 7.96
bitcoin-sv
Bitcoin SV (BSV) $ 32.75
gatechain-token
Gate (GT) $ 4.39
conflux-token
Conflux (CFX) $ 0.288133
maker
Maker (MKR) $ 668.34
klay-token
Klaytn (KLAY) $ 0.185852
gemini-dollar
Gemini Dollar (GUSD) $ 1.00
bittorrent
BitTorrent (BTT) $ 0.0000005863571
kava
Kava (KAVA) $ 1.01
iota
IOTA (MIOTA) $ 0.199865
chiliz
Chiliz (CHZ) $ 0.101572
pepe
Pepe (PEPE) $ 0.000001
casper-network
Casper Network (CSPR) $ 0.047006
pax-gold
PAX Gold (PAXG) $ 1,958.38
tokenize-xchange
Tokenize Xchange (TKX) $ 6.37
sui
Sui (SUI) $ 0.952996
xdce-crowd-sale
XDC Network (XDC) $ 0.036455
terra-luna
Terra Luna Classic (LUNC) $ 0.000085
compound-ether
cETH (CETH) $ 38.35
mina-protocol
Mina Protocol (MINA) $ 0.545258
gmx
GMX (GMX) $ 56.33
huobi-token
Huobi (HT) $ 2.98
dash
Dash (DASH) $ 42.74
tether-gold
Tether Gold (XAUT) $ 1,958.12
frax-share
Frax Share (FXS) $ 6.64
ecash
eCash (XEC) $ 0.000025
trust-wallet-token
Trust Wallet (TWT) $ 1.08
frax-ether
Frax Ether (FRXETH) $ 1,906.06