XPayIndustry WIKIBack to home
XPAY KNOWLEDGE

Industry WIKI

Digital assets and currencies

Understand assets, networks and trading mechanics with sources you can check.

Trading basics

Agreement on 5% NATO defence spending by 2035

At the 2025 The Hague NATO summit, member states pledged to increase defence spending to five percent of GDP in what is called The Hague Investment Plan.

Trading basics

Black budget

A black budget or covert appropriation is a government budget that is allocated for classified or other secret operations of a state. The black budget is an account of expenses and spending related to military research and covert operations. The black budget is mostly classified because of security reasons.

Trading basics

Bond vigilante

A bond vigilante is a bond market investor who protests against monetary or fiscal policies considered inflationary by selling bonds, thus increasing yields. The term was coined by Ed Yardeni in the 1980s.

Securities & exchanges

Chris Hohn

Sir Christopher Anthony Hohn KCMG (born October 1966) is a British billionaire hedge fund manager. As of 2026, he is worth $14.1 billion.

Finance

Committee on Capital Markets Regulation

The Committee on Capital Markets Regulation is an independent and nonpartisan 501(c)(3) research organization financed by contributions from individuals, foundations, and corporations.

Trading basics

Cryptocurrency in the second Trump presidency

During the second presidency of Donald Trump, cryptocurrency was promoted by Trump and his administration, which took a series of crypto-friendly actions and decisions. His administration appointed crypto-friendly regulators, reduced crypto regulation and dropped investigations into crypto firms and crypto crime. Trump promoted his own cryptocurrency meme coin, $Trump, and maintained sig

Fiat currencies

Exorbitant privilege

The term exorbitant privilege refers to the benefits that the United States, as the world's supplier of safe assets, derives from its own currency (the US dollar) being the international reserve currency. These safe assets, primarily government debt, tend to be sold at higher prices than the debt of other governments. Exorbitant privilege enables the United States (and other states in a

Securities & exchanges

Julian Robertson

Julian Hart Robertson Jr. (June 25, 1932 – August 23, 2022) was an American hedge fund manager, and philanthropist.

Trading basics

Junk fee

Junk fees (also known as hidden fees) are fees designed to confuse or deceive consumers by exploiting behavioral biases. They tend to come in the form of mandatory back-end fees and hidden add-on charges, which obscure the true cost of goods and services. Junk fees stand in contrast to "all-in", "upfront" pricing where consumers are shown a true single price, inclusive of fees, at the st

Finance

Nathan Tankus

Nathan Cedric Tankus is an American expert on state and banking finances, with a focus on the Federal Reserve. He has been a visiting researcher at the Fields Institute and a research assistant at the University of Ottawa. He has written for the Financial Times, Business Insider, the Review of Keynesian Economics, Truthout, Jacobin, Naked Capitalism, and Rolling Stone.

Trading basics

Reference price

A reference price (RP) is the price that a purchaser announces that it is willing to pay for a good or service. It is used by high-volume purchasers to inform suppliers.

Assets

Regulation of cryptocurrency

The regulation of cryptocurrency constitutes regulatory, legal and political actions taken by various governments to regulate and oversee the development and adoption of bitcoin, cryptocurrencies and blockchain technologies. Restrictions on cryptocurrency have been motivated by concerns regarding financial stability, consumer protection, national security, and enforcing laws against mon

Trading basics

Remittances from the United States

International money transfers made by migrant workers and immigrants sending a portion of their earnings to their families in their country of origin are known as remittances. Remittances are an important aspect of the global economy, totaling an estimated $601 billion (USD) for the year 2015. The United States is currently the largest source of international remittances in the world, se

Assets

Tornado Cash

Tornado Cash (also stylized as TornadoCash) is an open source, non-custodial, fully decentralized cryptocurrency tumbler that runs on Ethereum Virtual Machine-compatible networks. It offers a service that mixes potentially identifiable or "tainted" cryptocurrency funds with others, so as to obscure the trail back to the fund's original source. This is a privacy tool used in EVM networks