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  • Market Cap: $2,266,847,154,941.04
  • 24h Vol: $53,769,150,399.58
  • BTC Dominance: 56.46%

Economics

china-and-russia-push-for-increased-local-currency-use-in-trade,-deepen-brics-cooperation

China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation

Leave a Comment / Artificial Intelligence, Bitcoin, brics, China, Crypto Hacked, Cryptocurrency, Currency, Economics, Ethereum, Finance, global governance, Investments, Li Qiang, local currency, Mikhail Mishustin, payment infrastructure, Russia / / / , , , , , , , , , , , ,

China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also advancing collaboration in artificial intelligence, sustainable development, and global governance. China and Russia Strengthen […]

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Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts

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Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market. Rate Cuts Possible as Powell Expresses Confidence

Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts Read More »

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India and Russia to Enhance Trade With Rupee-Ruble Payments

Leave a Comment / bilateral trade, Bitcoin, Crypto Hacked, Cryptocurrency, Currency, economic, Economics, Ethereum, Exports, imports, India, Maxim Reshetnikov, non-tariff barriers, OIL, petroleum, ruble, rupee, Russia, Sunil Barthwal, trade deficit / / / , , , , , , , , , , , , , , ,

India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With a significant trade deficit favoring Russia, both nations seek to diversify trade beyond oil and create

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While Useful, Bitcoin Will Not Replace the U.S. Dollar, Russian Analyst Warns

Leave a Comment / Bitcoin, Crypto, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Russia, Stablecoins, US Dollar, Vitkor Pershikov / / / , , , , , , ,

Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated that, while some cryptocurrencies present interesting opportunities as payment tools, ultimately, no cryptocurrency can currently substitute for the U.S. dollar. Russian Analyst States Bitcoin Won’t

While Useful, Bitcoin Will Not Replace the U.S. Dollar, Russian Analyst Warns Read More »

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China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives

Leave a Comment / barter, Bitcoin, China, Crypto, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Russia, secondary sanctions, trade / / / , , , , , , ,

Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China

China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives Read More »

cpi-report-sparks-fed-rate-cut-hopes-as-inflation-slows-to-2.9%

CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%

Leave a Comment / Bitcoin, CME futures, consumer price index, CPI report, Crypto Hacked, Cryptocurrency, economic forecast, Economics, Ethereum, Federal Reserve, financial strategy, inflation, market sentiment, Rate Cut, U.S. Central Bank / / / , , , , , , , , , ,

On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market sentiment that the latest BLS figures strengthen the case for a Federal

CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9% Read More »

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Global Asset Freeze Targets Fugitive ‘Cryptoqueen’ and Onecoin

Leave a Comment / bank reserves, Bitcoin, BTC, Crypto, Crypto Hacked, Cryptocurrency, Economics, El Salvador, Ethereum, financial stability, fiscal stability, Governance, IMF, Nayib Bukele, Transparency / / / , , , , , , , , , , , ,

A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents further movement of Ignatova’s wealth, possibly aiding victims’ compensation. Onecoin’s Ruja Ignatova Faces Global Asset Freeze Amid Investor Lawsuit

Global Asset Freeze Targets Fugitive ‘Cryptoqueen’ and Onecoin Read More »

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Trump Suggests Presidents Should Weigh in on Fed Policies, Jabs at Powell’s Interest Rate Timing

Leave a Comment / Bitcoin, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Federal Reserve, interest rates, jerome powell, Mar-A-Lago, Monetary Policy, presidential influence, Project 2025, Trump, U.S. Central Bank / / / , , , , , , , , ,

On Thursday, at a press conference held at Mar-a-Lago, former President Donald Trump shared his thoughts with reporters, stating that the sitting president should have a voice in the U.S. Federal Reserve’s monetary policies. Trump targeted Fed Chair Jerome Powell’s actions concerning interest rates, particularly critiquing the timing and lack of cuts. “A little bit

Trump Suggests Presidents Should Weigh in on Fed Policies, Jabs at Powell’s Interest Rate Timing Read More »

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Russian Diplomat: El Salvador Proposes Settling Trade With Crypto

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El Salvador has proposed using cryptocurrency as an alternative payment method for trade with Russia. The Central American nation has reportedly expressed interest in joining the BRICS bloc and may formally apply for membership within one or two years. Ukraine-Russia Conflict Echoes in Central America El Salvador has proposed settling trade with Russia using cryptocurrency,

Russian Diplomat: El Salvador Proposes Settling Trade With Crypto Read More »

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Gold Demand Hits Q2 Record High, Driven by Central Bank Purchases, World Gold Council Reports

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The World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying up by 6% and technology sector demand rising by 11%. Q2 2024 Sees Record Gold Demand The World

Gold Demand Hits Q2 Record High, Driven by Central Bank Purchases, World Gold Council Reports Read More »