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Digital yuan will be more competitive than digital dollar, says Bridgewater’s Ray Dalio

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Ray Dalio, a billionaire investor and the founder of the world’s largest hedge fund Bridgewater Associates, has said that the digital yuan will be more competitive than the digital dollar.

In an interview with CNBC on Monday, Dalio said he thinks the U.S. will issue a digital dollar one day, and “it will certainly be viable.” But it won’t be the most competitive one, with its value possibly hit by growing U.S. debt levels, he added.

The digital yuan, on the other hand, will be more competitive in terms of pricing and return, said Dalio. It will be “a very viable alternative” to many investors if it is accepted internationally and comes with attractive interest rates, he said.

“I think we’re going to enter a world in which people will be thinking which currency, and the ones that have the best fundamentals will be the ones that will be most competitive and that’ll be threatening to countries,” said Dalio.

Yuan: A top reserve currency

Dalio also expects China’s yuan to become a top reserve currency sooner than expected.

China is currently the world’s largest trading nation, meaning it is the number one country in exports and imports. Dalio expects more trade and more financial transactions to be denominated in yuan.

“I think you’re going to see the renminbi become a more significant, a strong currency, stable currency, more attractive-returning currency, and also a more widely used currency … in the years ahead,” said Dalio.

Currently, the dollar is the world’s largest reserve currency with a share of nearly 60%, according to data from the International Monetary Fund (IMF). China’s yuan currently has a share of about 2%, behind the euro, Japanese yen, and British pound, per the IMF data. But Dalio expects the yuan share to increase to around 10% to 15% in five to 10 years’ time.

“I think incrementally it will happen faster probably than most people expect,” he said. “A lot has to do not just with what China does. It has to do with what the dollar does.”

China is nearing the launch of its digital yuan after over six years of research and development, as The Block has previously reported. The U.S., on the other hand, has only recently started exploring the idea of creating a digital version of its currency. The Federal Reserve plans to publish a discussion paper this summer on the potential issuance of a digital dollar.

In the interview, Dalio also said that the digital yuan would compete with bitcoin, an “alternative currency.” But the digital yuan will not completely take over the crypto market, he said. “Nothing ever completely takes over anything.”

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: https://www.theblockcrypto.com/post/106712/digital-yuan-more-competitive-digital-dollar-bridgewaters-ray-dalio?utm_source=rss&utm_medium=rss

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Riot reveals planned changes to weaken Lillia’s early game, buff durability and scaling

She’ll still be a scary threat when the mid-to-late game rolls around.

The post Riot reveals planned changes to weaken Lillia’s early game, buff durability and scaling appeared first on Dot Esports.

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Many people know Lillia as League of Legends‘ resident Bashful Bloom in the jungle, where she has made a name for herself among pro play and solo queue play alike. However, Riot Games has detailed some changes for the champion that will pull back some power from her early game to make room for more durability and late game power.

Game designer Daniel “Maxw3ll” Emmons gave the players a general overview of some of the planned adjustments, which consisted of giving her Q ability a regeneration effect while dealing damage-over-time, while also getting more base damage, and an AP scaler.

On the other hand, the developers are looking to nerf how much movement speed Lillia gains from her Blooming Blows ability in the early portions of the game, while also increasing the cooldown on her Swirlseed. Her ability to whack people with her Q, then dance around them with her increased speed made her so annoying to deal with pre-level six. She will also be getting a nerf to her ultimate, Lilting Lullaby, but that change hasn’t been detailed just yet.

The goal for these changes is to make her more widespread towards solo queue, instead of just being a pro play focused champion. Currently, Lillia has a 42.7 percent win rate in ranks Platinum and above, according to Champion.GG, but she was one of the most played junglers in the LCS, LEC, LPL, and LCK during the 2021 Spring Split. By making her more durable, the early game clears will be a lot more forgiving for players who are as efficient with her movement speed and damage.

Lillia hasn’t seen much play during the start of the 2021 Summer Split across major regions, with junglers like Rumble, Xin Zhao, and Udyr rising up in priority again. It’ll be interesting to see if these adjustments will help her in terms of her success in solo queue as the changes settle in.

Source: https://dotesports.com/league-of-legends/news/riot-reveals-planned-changes-to-weaken-lillias-early-game-buff-durability-and-scaling

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Rocket League Championship Series X Championships begin tomorrow

Four regions, four brackets, $1 million.

The post Rocket League Championship Series X Championships begin tomorrow appeared first on Dot Esports.

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The Rocket League Championship Series (RLCS) X Championships are about to begin, with round one kicking off at 10am CT on June 15, with 16 teams competing for their share of $1 million in overall prizing.

Matches will run through June 20, with the final day featuring the European and North American finals. 

The event will take place over four different regions, EU, NA, Oceania, and South America, though Oceania and SA will only feature the two top teams from each region facing off in a single best-of-seven series. EU and NA will have six teams each, competing in a full playoff bracket. 

Here are all of the teams competing within each of the regional competitions. 

Europe

  • Team BDS
  • Team Vitality
  • Top Blokes
  • Guild Esports
  • Solary
  • Team Queso

North America

  • NRG Esports
  • Team Envy
  • Spacestation Gaming
  • Rogue
  • G2 Esports
  • FaZe Clan

Oceania

  • Ground Zero Gaming
  • Cringe Society

South America

  • True Neutral
  • FURIA

The SA and Oceania finals will run on June 19, with a special 3v3 show match scheduled to showcase some talented Japanese players acting as a break between the two. 

You can learn more about the tournament format, prizing, and the full schedule on the official Rocket League website. All of the matches will be streamed live on the main Rocket League Twitch channel.

Source: https://dotesports.com/rocket-league/news/rocket-league-championship-series-x-championships-begin-tomorrow

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Razer reveals AMD-based Blade 14 at E3 keynote

The best of both worlds.

The post Razer reveals AMD-based Blade 14 at E3 keynote appeared first on Dot Esports.

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After years of Intel-based releases, Razer unveiled its first AMD-powered laptop with the Blade 14 at E3 2021.

Razer is bringing back the Blade 14 after a lengthy three-year absence, and with it, a new partnership with AMD. The Blade 14 features an eight-core, 16-thread Ryzen 9 5900HX unlocked processor with a base clock of 3.3GHz that boosts up to 4.6GHz. AMD’s processors power some of the strongest gaming laptops on the market, like the Asus ROG Zephyrus G14 and ROG Strix series. The ROG Strix series features the HX-class processor found in the Blade 14, while the more comparable G14 features an HS-class processor.

Aside from its new partnership with AMD, Razer is implementing Nvidia’s RTX 3080 GPU and a 165Hz QHD display into the Blade 14. There are three different models of this laptop. The base version ships with the Ryzen 9 5900HX, an RTX 3060, and an FHD 144Hz display. Moving up the line, Razer offers two models with a 165Hz QHD display with the same 5900HX processor. The only difference between the two QHD models is one features the RTX 3070, and the other offers the RTX 3080.

Razer packs all of this power into an impressively slim 14-inch laptop that follows the same Blade design language fans have become accustomed to. Along with the familiar design comes a wide feature set including upgradable storage from 1TB, Chroma RGB, 16GB DDR4-3200MHz RAM, Wi-Fi 6E, Bluetooth 5.2, several USB connections, DisplayPort 1.4, and HDMI 2.1.

Each model of the Razer 14 runs $1,799, $2,199, and $2,799, respectively.

Despite its new partnership with AMD, Razer still offers its newest Intel-based Blade laptops.

The Blade 14 is available now. For more information, fans can visit the official Razer Store.

Source: https://dotesports.com/hardware/news/razer-reveals-amd-based-blade-14-at-e3-keynote

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