Strategists: US Dollar’s Reserve Currency Status Eroding at ‘Alarming Pace’
Asset management firm Eurizon SLJ’s strategists have warned that the erosion of the U.S. dollar’s global reserve currency status has accelerated at an alarming pace in recent years, especially following the onset of the Russia-Ukraine war. They noted that the USD has declined 8% in one year, which is “equivalent to 10 times the average annual pace of erosion in the USD’s market share in the prior years.” Strategists on the U.S. Dollar...
BRICS De-Dollarization Push, China, and Crypto Threaten US Dollar’s Dominance: Analyst
Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that China will “exert more influence in global financial institutions and trade.” Analyst Explains Why U.S. Dollar’s Dominance Is at Risk Fitch Solutions’ global head of...
Movie & TV Show Piracy Sites Disappear in Wake of ACE/MPA DMCA Subpoenas
While some anti-piracy groups focus on taking content down, others prefer to take entire sites down. The benefits of the latter approach are obvious; when a site no longer exists, the need to send future takedown notices is eliminated. It’s also much more easily said than done but certainly not impossible. The Alliance for Creativity and Entertainment has taken down hundreds of sites, and it’s often possible to predict which sites are...
1Fichier Held Liable After Failing to Remove Pirated Nintendo Games
Ever since its launch in 2009, rightsholders have complained that file-hosting platform 1fichier.com fails to take intellectual property rights seriously. 1fichier operates a “freemium” business model which allows users to access the platform for free and then pay a fee to have various restrictions removed. 1fichier allows user content to be accessed via links posted elsewhere, meaning that when users upload infringing content, links...
Nexon Sues ‘Dark and Darker’ Developer for Copyright Infringement
The official stable release of the first person shooter game Dark and Darker is eagerly awaited by hundreds of thousands of fans. Whether the full game will actually be released is uncertain, however, as the game is at the center of a legal dispute. Last month, police in South Korea raided the offices of Dark and Darker’s developers, local game studio Ironmace. The legal action was triggered by a complaint from game publisher Nexon,...
