trade

What are inflationary and deflationary cryptocurrencies?

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What are inflationary and deflationary cryptocurrencies?

In the wide expanse of the digital financial universe, cryptocurrencies shine as pioneering assets, challenging the traditional framework of economics and ushering a shift in financial transactions.  They are the vanguard of financial innovation, democratizing monetary power through decentralization, and introducing an unprecedented level of transparency and security via blockchain technology.  However, the world of … Read more

Millions Travel to Maine But Miss Out On These Three Famous Seafood Chowders And Stews | National

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Millions Travel to Maine But Miss Out On These Three Famous Seafood Chowders And Stews | National

According to the Maine Office of Tourism, 15.3 million visitors visited Maine in 2022. Those tourists brought a whopping $15.8 billion into the state and over $1.9 billion of those dollars went to restaurant food. Maine is a summer vacation destination for millions of people each year. With its lighthouses and rocky beaches, it’s no … Read more

Rural Texas may lose out on billions in broadband infrastructure funding due to federal regulations | News

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Rural Texas may lose out on billions in broadband infrastructure funding due to federal regulations | News

LUBBOCK — When Texas was awarded $3.3 billion in federal money last month toward expanding broadband infrastructure across the state, government leaders and telecommunication companies celebrated the news. With more than 7 million residents disconnected from the rest of the World Wide Web, Texas’ broadband needs were no secret. With the federal funds, coupled with … Read more

Nebraska volleyball NIL coffers rise after 1890 Initiative signs $5 million deal

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Nebraska volleyball NIL coffers rise after 1890 Initiative signs $5 million deal

LINCOLN — Nebraska’s volleyball name, image and likeness collective signed a 10-year, $5 million deal this week with the people behind the Nebraska Crossing shopping district. JUSTDATA, a fintech company, announced on Wednesday that it is partnering with Initiative 1890 – NU’s top NIL collective – to benefit Husker volleyball players. JUSTDATA partnered with Nebraska … Read more

The mighty U.S. dollar can fight off the digital upstarts

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The mighty U.S. dollar can fight off the digital upstarts

Proponents of de-dollarization might resent America’s exorbitant privilege all they want. But what can they do about it? Analysts usually trace the U.S. currency’s hegemony to its outsized use in international commerce. Even a decade after China eclipsed the U.S. as the world’s largest goods-trading nation, that dominance doesn’t appear to be fading. The much-awaited … Read more

Economic and political factors behind acceleration of de-dollarization

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Economic and political factors behind acceleration of de-dollarization

The U.S. dollar has been king in global trade for decades — not just because the U.S. is the world’s largest economy, but also because oil, a key commodity needed by all economies big and small, is priced in the greenback. Most commodities are also priced and traded in U.S. dollars. But since the Federal … Read more

The dollar remains the coin of the realm — and then some

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The dollar remains the coin of the realm — and then some

The most formidable element of U.S. national power isn’t its military. The trillions spent on the mighty American military machine pale beside the influence created by the dominance of the dollar in the international economy. The central role of the U.S in global business exempted it from many of the normal rules while extending leverage … Read more

Here’s what would happen if the dollar lost its world-currency status

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Here’s what would happen if the dollar lost its world-currency status

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The U.S. dollar is the most powerful currency that exists today. Yet analysts have been warning of the dollar’s impending doom since its rise to prominence in 1971. 10:22 Fri, Apr 8 20228:00 AM EDT Source link

The dollar shouldn’t be the reserve currency, but neither should the renminbi

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The dollar shouldn’t be the reserve currency, but neither should the renminbi

Authors: Matthew Harrison, HKIIF and Geng Xiao, PKU With the renminbi used for only around 2 per cent of international transactions and reserve holdings, it’s still far from supplanting the US dollar as the currency of choice and its use lags far behind what China’s 16 per cent share of the global economy would suggest. … Read more