Two of the best-performing currencies since the March 12 meltdown have been the United States Dollar and Bitcoin. Two of the best-performing currencies since the March 12 meltdown have been the United States Dollar and Bitcoin. In times of economic turmoil, investors shed riskier assets and acquire less volatile ones. This is known as “flight…
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IMF chief economist Gita Gopinath said she sees too many different complications blocking a digital currency from overtaking the U.S. dollar. Digital currencies have gained prominence over the last few years, although such options will not budge the U.S. dollar from its seat of prominence, according to chief economist International Monetary Fund (IMF) Gita Gopinath.…
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Blockchain startup LifeLabs announced that it is developing a U.S. dollar-pegged stablecoin for the British Virgin Islands. Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI). According to a press release on Dec. 3, the currency is part of a broader initiative to…
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