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Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley has warned of “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. “That would mean the end of the U.S. dollar,” she said, predicting that “there would be a complete implosion of the global economic system.” Crowley Warns of ‘Catastrophic’ Consequences if the U.S. Dollar Loses Global Reserve Currency Status Monica Crowley, former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury, explained on Fox News Saturday what would happen if emerging economies move away from the U.S. dollar towards the Chinese yuan and the USD is no longer the world’s dominant currency. She stressed: It’s really hard to overstate exactly how catastrophic the abandonment of the U.S. dollar would be as the world’s global reserve currency. Crowley explained that since the end of World War II, the dollar has been considered a safe haven. Init

Damex.io, a Gibraltar-based digital asset company, has announced the launch of its utility token’s Initial Exchange Offering (IEO). The digital asset platform will hold the token sale on its Damex app, and two soon-to-be-announced launchpads on April 19, 2023. There are numerous Features and rewards available to holders of the $DAMEX native token, all of which can be achieved through the new smart app. Breaking news We are thrilled to announce #Damex Token will launch on the 19th of April With #DamexToken, our users will have access to exclusive benefits, such as lower exchange fees, VIP Premium membership, higher cashback and more.#token #utilitytoken #launching pic.twitter.com/O9I5uxo2cY — damex.io (@damex_io) February 22, 2023 The $DAMEX utility token will grant users access to premium advantages like higher cashback, VIP premium memberships, and lower exchange fees, among others. The digital asset company also disclosed a staking concept for their native token that

Amidst the Ripple vs. SEC legal fight, many have observed how the potential outcome could impact XRP, with some preparing for a potential altcoin rally. Specifically, one analyst stated the possibility of a Ripple win inciting “altseason.” The legal conflict that has lasted more than two years is set to come to a head sooner rather than later. Now, as the entire industry observes how a resolution could unfold, there will undoubtedly be ripple effects (pun intended) on the digital asset industry. Altcoin Rally Set for Post-Ripple Verdict? Ripple winning over the SEC would translate into altseason, so follow that closely even if not long "The Standard" — Alex Krüger (@krugermacro) March 29, 2023 The US Securities and Exchange Commission (SEC) has firmly placed itself opposite Ripple in a vital court case for crypto. Moreover, as the sides have argued over the status of security in the case of digital assets. The subsequent action coming from the market in res

After the first and second-generation cryptocurrencies, Bitcoin and Ethereum, Cardano was introduced in 2017 as a third-generation blockchain. Cardano claims to be a more scalable, secure, and efficient alternative to Ethereum and other decentralized application platforms. A cryptocurrency like Cardano, which has been around for a while, is one with a growing ecosystem. This year, it has been ranked as one of the busiest. As a result, ADA is one of the altcoins investors are keeping an eye on in the cryptocurrency market. If you are interested in the future of Cardano (ADA) and want to know the predicted value for 2023, 2024, 2025, and 2030, keep reading! Table of contents Cardano (ADA) Market Overview What Is Cardano? Technical Aspects of Cardano (ADA) Byron (Foundation) Shelley (Decentralization) Goguen (Smart Contracts) Basho (Scaling) Voltaire (Governance) Analysts View on Cardano (ADA) Cardano (ADA) Current Market Status Cardano (ADA) Price Analysis 2023 Cardano (AD

Join Our Telegram channel to stay up to date on breaking news coverage The global crypto market has suffered a 2.34% slump within the last day, with top crypto assets like Bitcoin (BTC) and Ethereum (ETH) dropping their gains. On the other hand, the XRP token has defied the odds and maintained its uptrend momentum. The outcome of Ripple’s case against the US Exchange and Securities Commission (SEC) may even lead to a surge in the asset’s price if they emerge victorious. Should investors take advantage of the Ripple asset resilience and buy for long-term gains? XRP Defies Market Slump At press time, the XRP coin is trading at $0.48, with an uptrend of 7.23% in the last 24 hours. The crypto asset’s bullish momentum has not relented in a while, with a surge of 30.8% in the past two weeks and 29.2% in the previous month. This bullish streak has been good for the Ripple asset’s price and has positively influenced its technicals. The asset’s current price action sits above both s

Meb Faber, the podcaster and founder of the investment firm, Cambria Investment Management acknowledged the significance of “yield and capital appreciation” as a strategy for cash management, especially during financial uncertainty. Previously, on March 24, the American venture capitalist Tim Draper shared certain tips regarding fund management, with regard to the current financial turmoil after the debacle of the banking giant Silicon Valley Bank (SVB). Notably, his concerns included diversifying risks, awareness of fraud, awareness of vulnerabilities, the significance of yield and capital management, etc. As a response to Draper’s Twitter post, Faber commented that the concern for yield and capital appreciation is “particularly meaningful in a time of higher inflation”: #3 is particularly meaningful in a time of higher inflation….my non-consensus view here…https://t.co/yBkjXezTmn — Meb Faber (@MebFaber) March 24, 2023 Significantly, in Draper’s advice, he ex

Negative flows have changed to positive flows, and institutions have yet again started directing funds toward crypto assets. These investment products saw inflows summing up to $160 million in total over the past week. In fact, this marks the largest influx since July last year. This trend reversal follows six weeks of negative flows, where assets worth $408 million were dumped in total. Source: CoinShares Also Read: With Judge’s Ruling Impending in Ripple Case, Should Investors Buy XRP? Bitcoin Grabs ‘Primary Beneficiary’ Crown According to CoinShares’ latest weekly report, funds worth $127.5 million were sent toward Bitcoin. That being said, it should also be noted that a few institutions continue to short BTC. However, when compared, the number remains to be fairly low [$30.8 million last week]. Ethereum, non ETH eless, continues to see outflows. In the same weekly window, ETH tokens worth $5.2 million were SOL d by institutions. Since mid-March, the ETH /BTC pair h

Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice Department, sources say. Credit Suisse, US Banks Investigated for Suspected Sanctions Violations Favoring Russia’s Rich Switzerland-based global investment banks and financial services firms, Credit Suisse and UBS, are under scrutiny by the U.S. Department of Justice (DOJ), Bloomberg revealed, quoting knowledgeable sources who remained anonymous. According to the report, the department has been trying to establish if financial professionals working for these and other banks have supported sanctioned wealthy Russians in attempts to circumvent restrictions imposed by Western governments. U.S. authorities have sent out a number of subpoenas to employees of the two Swiss giants as well as some maj

Join Our Telegram channel to stay up to date on breaking news coverage Exchange operator Nasdaq is working on launching its own crypto custody services by Q2/2023 What : Nasdaq exchange group is set to launch its own crypto custody services. Why : The bankruptcy of many crypto lenders has triggered traditional finance companies to step in and fill the gap. What Nex t: The group is working to get all necessary regulatory approvals ahead of the launch. The stock exchange group Nasdaq is seeking to fill in the gap left by crypto custodians, most of whom have gone bankrupt due to the crypto winter. In September 2022, NAsdaq Inc, announced plans to launch crypto custody services.  I'ts becoming clearer everyday. The attack on crypto is to allow the TradFi incumbents to come in and takeover. In the midst of turmoil Fidelity, BlackRock, BNY Mellon, and now Nasdaq are launching crypto services.https://t.co/MNT1BtSrki — Tony Edward (Thinking Crypto Podcast) (@ThinkingCr

The emergence of Dogecoin has been instrumental in paving the way for the current expansion of the meme coin realm. DOGE sparked the initial meme coin movement, which was followed by other meme coins , such as Shiba Inu. The growth trajectory of Dogecoin gained significant momentum when Tesla CEO Elon Musk began endorsing it and sharing positive tweets about it. Subsequently, the price of DOGE surged with each favorable tweet from Musk. Details from IntoTheBlock reveal that 58% of the total holders are in profit. Moreover, 8% of the holders are neutral, whereas 34% of the holders are at a loss. Source: IntoTheBlock Dogecoin wallet addresses enjoy profit as price spikes One positive thing is that 75% of the holders are in it for the long term for over a year. Additionally, 21% of the holders are in for one month to 12 months, and 4% of the holders have been holding for less than a month. At press time, Dogecoin is trading at $0.078303, with a 4.4% gain in valu