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forex

(MicroStockHub/Getty Images, modified by CoinDesk)
The Dollar Wrecking Ball
The DXY hits its highest levels since 2002.
(MicroStockHub/Getty Images, modified by CoinDesk)

Dollar (Giorgio Trovato/Unsplash)
Decentralized Forex Is Coming to Terra: Vertex Protocol Raises $8.5M
The protocol seeks to expand DeFi liquidity to non-U.S. dollar pegged stablecoins.
Dollar (Giorgio Trovato/Unsplash)

EU flag
Growth in Euro Stablecoins Spurs Dreams of Digital Forex Market
But challenges remain on financing and regulations.
EU flag

druckenmiller
What Stanley Druckenmiller's Inflation Warning Means for Crypto
One of the greatest forex traders in history believes a cryptocurrency is the “most likely” global reserve currency to replace the dollar.
druckenmiller

Chart
Mirror Trading Clients Should Take Their Money and Run, South African Regulator Advises
FCSA said Mirror Trading's self-proclaimed 10% monthly returns "seems far-fetched and unrealistic" as it opened an investigation.
Chart

Mirror Trading International
Texas Securities Regulator Accuses South African Trading Pool of Crypto Fraud
Texas' securities watchdog ordered Mirror Trading International to cease operations, alleging the South African bitcoin and forex "investor club" is a multilevel marketing scam.
Mirror Trading International

Stack of pound coins
Forget Bitcoin’s Volatility, BoA Says Unstable UK Pound Like an Emerging Market Currency
Bitcoin is often criticized for its volatility – now analysts are saying that, and more, about the pound sterling.
Stack of pound coins

dollar_euro_shutterstock
Foreign Exchange Giant CLS Admits: No, We Don’t Need a Blockchain for That
Forex giant CLS is now using a blockchain to handle certain currency trades, but the technology is “not essential” for the task, an executive admits.
dollar_euro_shutterstock

yuan and usd
China's Foreign Exchange Regulator Piloting Blockchain in Trade Finance
The agency that regulates and manages China's foreign exchange reserves will trial a blockchain system addressing inefficiencies in cross-border trade.
yuan and usd

Citibank (TungCheung/Shutterstock)
Citi Has Scrapped Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency
Several years back Citi tested a bank-backed cryptocurrency similar to JPMCoin. The lesson it learned? It's easier to rely on SWIFT.
Citibank (TungCheung/Shutterstock)