Economist Predicts Shift to Tripolar Reserve Currency World — Yuan, Euro to Disrupt US Dollar’s Dominance
30.4.2023
Economist Stephen Jen, a former Morgan Stanley managing director, expects a shift “from a unipolar reserve currency world to a multipolar world,” with the Chinese yuan, the euro, and the U.S. dollar forming a “tripolar” reserve currency configuration. ‘A Multipolar World’ Economist...
Japan’s Inflation Surges to 3.5% as New BOJ Governor Takes the Helm
29.4.2023
This week, the Statistics Bureau of Japan unveiled the latest core consumer price index (CPI) report for the country, revealing a surge to 3.5%. This figure comes as a surprise to analysts who had predicted a more modest 2.9% for the end of the quarter. It’s worth noting that Japan’s...
Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures
29.4.2023
On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC)...
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again
29.4.2023
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures,...
First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles
29.4.2023
According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal Deposit Insurance Corporation (FDIC) if private sector banks do not intervene. The FDIC has reportedly approached several large commercial banks regarding...
US House Financial Services Committee Says Crypto Bill Coming in "Next Two Months" – Here's What You Need to Know
29.4.2023
The US House Financial Services Committee and House Agriculture Committee are set to introduce comprehensive legislation to oversee the cryptocurrency sector in the next two months.
Before unveiling the new bill, the two committees will hold a joint public hearing, which is scheduled to start...
Netflix Star Driving Bitcoin Adoption With Porsche Flying El Salvador Flag
29.4.2023
Scottish-Salvadoran driver Sebastian Melrose has made his debut in the Porsche Carrera Cup racing championship. The 25-year-old, who took part in a popular Netflix TV series last year, drives a Bitcoin-branded 911 that features the flag of crypto-friendly El Salvador on its rooftop. Bitcoin Racing...
Cardano Price Forecast as Cardano Becomes Top 3 Project for Development Activity – Can ADA 10x in 2023?
29.4.2023
Cardano has established itself as a top project for developer activity, consistently appearing among the top three.
As a result of this trend, more investors and analysts are paying close attention to the price changes of Cardano to gauge its potential in the future.
Cardano (ADA) had a terrible...
Shiba Inu Price Prediction as SHIB Developers Tease New Metaverse Launch – SHIB Pump Incoming?
29.4.2023
SHIB, the token powering the second most popular meme coin ecosystem, Shiba Inu is still hanging loosely on the cliff’s edge. However, there is a higher probability of the outcome flipping bullish bolstered by the soon-to-launch metaverse....
Read More: Shiba Inu Price Prediction as SHIB Developers...
Shiba Inu Price Prediction as SHIB Developers Tease New Metaverse Launch – SHIB Pump Incoming?
29.4.2023
SHIB, the token powering the second most popular meme coin ecosystem, Shiba Inu is still hanging loosely on the cliff’s edge. However, there is a higher probability of the outcome flipping bullish bolstered by the soon-to-launch metaverse....
Read More: Shiba Inu Price Prediction as SHIB Developers...
Bitcoin Price Prediction as BTC Approaches $30,000 Resistance – What is the Next BTC Target?
29.4.2023
As Bitcoin inches closer to the $30,000 resistance level, investors and traders eagerly anticipate its next move. In this Bitcoin price prediction, we will explore various price predictions and analyze the factors that could influence its trajectory.
Will BTC break through this significant...
Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges
29.4.2023
According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital Asset Platforms The Kenyan Treasury has said it will start levying taxes...