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 6

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) $ 51,528.81
ethereum
Ethereum (ETH) $ 2,988.96
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 382.30
solana
Solana (SOL) $ 104.13
xrp
XRP (XRP) $ 0.544906
staked-ether
Lido Staked Ether (STETH) $ 2,986.14
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 0.592449
avalanche-2
Avalanche (AVAX) $ 36.69
dogecoin
Dogecoin (DOGE) $ 0.085857
tron
TRON (TRX) $ 0.137398
chainlink
Chainlink (LINK) $ 18.45
polkadot
Polkadot (DOT) $ 7.80
matic-network
Polygon (MATIC) $ 0.996752
uniswap
Uniswap (UNI) $ 11.22
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 51,507.80
the-open-network
Toncoin (TON) $ 2.12
internet-computer
Internet Computer (ICP) $ 12.60
shiba-inu
Shiba Inu (SHIB) $ 0.00001
bitcoin-cash
Bitcoin Cash (BCH) $ 267.47
litecoin
Litecoin (LTC) $ 70.28
dai
Dai (DAI) $ 0.999409
immutable-x
Immutable (IMX) $ 3.11
filecoin
Filecoin (FIL) $ 7.84
cosmos
Cosmos Hub (ATOM) $ 10.40
near
NEAR Protocol (NEAR) $ 3.81
leo-token
LEO Token (LEO) $ 4.20
kaspa
Kaspa (KAS) $ 0.168594
ethereum-classic
Ethereum Classic (ETC) $ 26.10
blockstack
Stacks (STX) $ 2.57
bittensor
Bittensor (TAO) $ 582.68
hedera-hashgraph
Hedera (HBAR) $ 0.109209
optimism
Optimism (OP) $ 3.70
aptos
Aptos (APT) $ 9.46
stellar
Stellar (XLM) $ 0.116878
first-digital-usd
First Digital USD (FDUSD) $ 1.00
vechain
VeChain (VET) $ 0.044397
okb
OKB (OKB) $ 51.41
injective-protocol
Injective (INJ) $ 34.80
lido-dao
Lido DAO (LDO) $ 3.29
celestia
Celestia (TIA) $ 16.94
render-token
Render (RNDR) $ 7.34
the-graph
The Graph (GRT) $ 0.271968
mantle
Mantle (MNT) $ 0.782561
crypto-com-chain
Cronos (CRO) $ 0.094357
arbitrum
Arbitrum (ARB) $ 1.85
monero
Monero (XMR) $ 123.90
sei-network
Sei (SEI) $ 0.848376
sui
Sui (SUI) $ 1.65
maker
Maker (MKR) $ 2,027.64
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,289.48
beam-2
Beam (BEAM) $ 0.033316
thorchain
THORChain (RUNE) $ 5.43
algorand
Algorand (ALGO) $ 0.194113
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,045.61
elrond-erd-2
MultiversX (EGLD) $ 58.15
dydx-chain
dYdX (DYDX) $ 3.57
quant-network
Quant (QNT) $ 104.06
flow
Flow (FLOW) $ 1.00
bitcoin-sv
Bitcoin SV (BSV) $ 75.58
aave
Aave (AAVE) $ 99.57
bitget-token
Bitget Token (BGB) $ 1.01
mina-protocol
Mina Protocol (MINA) $ 1.32
flare-networks
Flare (FLR) $ 0.040293
starknet
Starknet (STRK) $ 1.90
ordinals
ORDI (ORDI) $ 63.73
theta-token
Theta Network (THETA) $ 1.32
havven
Synthetix Network (SNX) $ 4.03
helium
Helium (HNT) $ 8.86
true-usd
TrueUSD (TUSD) $ 0.97403
tokenize-xchange
Tokenize Xchange (TKX) $ 15.57
fantom
Fantom (FTM) $ 0.421275
blur
Blur (BLUR) $ 0.818688
the-sandbox
The Sandbox (SAND) $ 0.52218
chiliz
Chiliz (CHZ) $ 0.127199
fetch-ai
Fetch.ai (FET) $ 1.08
worldcoin-wld
Worldcoin (WLD) $ 8.27
axie-infinity
Axie Infinity (AXS) $ 8.08
dydx
dYdX (ETHDYDX) $ 3.58
bittorrent
BitTorrent (BTT) $ 0.000001
apecoin
ApeCoin (APE) $ 1.75
gala
GALA (GALA) $ 0.02999
tezos
Tezos (XTZ) $ 1.13
whitebit
WhiteBIT Coin (WBT) $ 7.05
sats-ordinals
SATS (Ordinals) (SATS) $ 0.00000048192912
kucoin-shares
KuCoin (KCS) $ 10.48
cheelee
Cheelee (CHEEL) $ 18.70
osmosis
Osmosis (OSMO) $ 1.58
woo-network
WOO (WOO) $ 0.530576
singularitynet
SingularityNET (AGIX) $ 0.749909
dymension
Dymension (DYM) $ 6.41
conflux-token
Conflux (CFX) $ 0.2496
akash-network
Akash Network (AKT) $ 4.04
decentraland
Decentraland (MANA) $ 0.500376
eos
EOS (EOS) $ 0.80065
arweave
Arweave (AR) $ 13.95
ronin
Ronin (RON) $ 3.04
frax-ether
Frax Ether (FRXETH) $ 2,976.21
astar
Astar (ASTR) $ 0.162226