Tag: America

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‘Sell America’ Trade Roars Back as US Dollar Slides and Markets Brace for Turbulence

On Monday, the U.S. dollar is sliding, with the Dollar Index (DXY)—which pits the greenback against a mix of heavyweights like the euro, yen,...

Stablecoins Could Drain Trillions From Bank Deposits: Bank of America Flags $6T Risk That Could Redefine Lending

Stablecoin growth could siphon trillions from U.S. banks, shrinking lending capacity and raising borrowing costs, as Bank of America warns lawmakers that digital dollars...

Bank of America CEO says stablecoins could drain trillions in bank deposits

BofA CEO Brian Moynihan echoed other banks in warning that $6 trillion in bank deposits were at stake, even as he said the bank...

Algorand Heads Back to America With New Board and Delaware HQ

The Algorand Foundation is re-establishing its headquarters in the US, setting up in Delaware and appointing a new board as the nonprofit refocuses on...

As America nears 250, financial freedom shouldn’t be up for debate

The banking lobby’s efforts to revisit or reinterpret Congress’ decisions regarding stablecoin rewards are driven by attempts to re-litigate settled law and blunt competition...

Bank of America, Goldman Sachs Upgrade Coinbase (COIN) Stock to ‘Buy’

Two of the biggest American banks have brightened their outlook on shares of Coinbase, the top crypto exchange in the United States. Coinbase Closer...

Crypto VC Giant Andreessen Horowitz Raises $15 Billion to Help America ‘Win’ Tech Race

In brief Andreessen Horowitz raised more than $15 billion across five funds to propel future technologies in America. The firm raised more than 18% of all...