Digital Currency Group (DCG) to Close Down Its Prime Brokerage Subsidiary TradeBlock

TradeBlock will officially begin the process of shutting down on May 31. Digital Currency Group (DCG), a New York-based venture capital firm that invests and provides services to crypto companies is winding down its TradeBlock subsidiary. According to a May 25 report from Bloomberg, the company, headed by Breanne Madigan, who previously worked at Goldman … Read more

Yuan Beats US Dollar to Become Most Used Currency in Cross-Border Transactions in China

Despite surpassing the USD in cross-border payments in China, the use of the yuan in global trade finance remains low. The Chinese yuan has become the most used currency for cross-border transactions in China. In March, the yuan overtook the US dollar for the first time in cross-border transactions in the country. Notably, the Chinese … Read more

Digital Currency Powering Healthier Planet

The GroveToken protocol has a number of innovative products and services that are designed to return maximal value to all of its users.  Every digital currency has its basic fundamentals and one of the emerging projects in the space GroveToken is aiming at making the world greener and more sustainable. The GroveToken is designed to … Read more

Arthur Hayes’ Exit Liquidity Article Explores America’s Position as Global Reserve Currency Issuer

BitMEX co-founder Arthur Hayes examines de-dollarization and its fiscal and political implications in an article titled ‘Exit Liquidity.’   Former BitMEX CEO Arthur Hayes recently aired his views on exit liquidity vis-à-vis the US dollar’s reserve currency status. In a Medium blog post, the American entrepreneur wrote exhaustively on whether the US dollar can be replaced as the global … Read more

Russian Search Engine Yandex Adds Cryptos to Its Currency Converter

For now, the value of cryptos can be displayed in Russian rubles, US dollars, euros, and other fiat currencies. In the future, Yandex is planning to add more pairs. Yandex, a Russian tech giant the Yandex search engine, has announced adding cryptos to its currency converter. Now, in addition to the data about the various national currencies, users … Read more