The U.S. dollar has been a hot topic in recent weeks, with several reports from around the world suggesting a major move toward de-dollarization in the larger economy. Former U.S. Congressman Ron Paul also noted this week that if the influence of the U.S. dollar as a reserve currency weakens, it may happen later than some expect. Other articles in the latest Bitcoin.com News Week in Review include.
Tensions between the U.S. and Saudi Arabia rise
with reports that the crown prince is no longer interested in pleasing the U.S.
After Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing a cut in oil production, a spokesman for U.S. President Joe Biden’s National Security Council said a production cut is not a good idea. According to recent reports, Saudi Crown Prince Mohammed bin Salman has told his peers that Riyadh is no longer interested in pleasing the United States.
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BRICS Countries to Create New Currency, to be Discussed at Next Summit:
Report
According to Russian officials, BRICS countries are reportedly working on a new form of currency, to be discussed at the next BRICS leaders are expected to discuss the issue at their next summit.” The transition to payments in their own currencies is the first step. The next one is to provide for the circulation of a radically new currency in digital or other forms in the near future,” the deputy head of the Russian State Duma was quoted as saying.
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Ron Paul on the downfall of the US dollar as a reserve currency “always longer than some predict”
Ron Paul, former U.S. Congressman and member of the Libertarian Party, is referring to recent events that have been directed to weaken the influence of the U.S. dollar as a reserve currency in international markets. Paul believes that even if this were to happen, it would probably take longer than some predictions are saying.
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Elon Musk asks judge to dismiss $258B Dogecoin lawsuit – claims tweets of support for DOGE were not illegal
Tesla and Twitter CEO Elon Musk has asked a U.S. judge to dismiss a $258 billion lawsuit filed by dogecoin investors. They alleged that the billionaires operated a Ponzi scheme to promote the meme cryptocurrency dogecoin.” Musk’s lawyers argued that “it is not illegal to tweet words of support for a legitimate cryptocurrency that continues to hold a market capitalization of nearly $10 billion or to tweet funny pictures.
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What do you think awaits the US dollar? What do you think about Bitcoin or dogecoin? Let us know in the comments section below.
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