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Vitalik Buterin seen as dark horse for 2024 Nobel Prize in Economics
9.10.2024
The co-founder of Ethereum is considered a “non-traditional” pick, but his contributions are undeniable
Vitalik Buterin seen as dark horse for 2024 Nobel Prize in Economics
9.10.2024
The co-founder of Ethereum is considered a “non-traditional” pick, but his contributions are undeniable
Tyler Cowen Nominates Vitalik for Nobel Prize in Economics
9.10.2024
Economist Tyler Cowen has put forward Vitalik Buterin, the founder of Ethereum as a strong candidate for the…
China Strengthens Russia Partnership via BRICS and SCO Cooperation
9.10.2024
China has reaffirmed its commitment to closer relations with Russia through major international platforms like BRICS and the Shanghai Cooperation Organization (SCO). At an event celebrating 75 years of diplomatic relations, State Councilor Shen Yiqin emphasized China’s readiness to bolster...
India Denies Targeting US Dollar as Dedollarization Reshapes Global Trade
8.10.2024
India’s External Affairs Minister S. Jaishankar clarified that the country is not targeting the U.S. dollar in its economic policy, despite shifts in global trade and currency usage. Speaking in Washington, he emphasized that India’s trade adjustments are driven by practical concerns...
BRICS Unified Currency Deemed Premature by Russian Official
8.10.2024
Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial sovereignty and exploring national currencies...
Peter Schiff Predicts Gold Could Soar to $100,000 as US Dollar Weakens
8.10.2024
Economist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s economic resilience, and the impact of U.S. foreign...
Jim Rickards: Gold Might Avoid Crypto Substituting the US Dollar
8.10.2024
Renowned economist Jim Rickards explained that buying gold to back the dollar would restore confidence in the currency, avoiding a long-term decline. He stated that the currency should not be taken for granted, as new forms of money like crypto will step in as old money fails. Jim Rickards:...
Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil
7.10.2024
Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational services account for $14.7 billion that flowed out of Brazil through August, hinting...
Peter Schiff: Phony Economy Must Die or US Risks Financial Ruin
6.10.2024
Economist Peter Schiff has warned that restoring a real economy requires letting the “phony economy” collapse, which would result in significant financial losses for many. However, he emphasized that the alternative is worse, as it would lead to the devaluation of money itself. Schiff...
Robert Kiyosaki Warns of World War III Amid Global Tensions — Asks ‘Are You Prepared?’
6.10.2024
Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed concerns about World War III, warning that current global tensions could lead to catastrophic consequences. He emphasized the need for stronger leadership. This echoes past warnings from him about geopolitical threats and energy-driven...
BRICS Unified Exchange to Leverage Blockchain and Virtual Currency for Settlements
3.10.2024
Deputy Chairman of the State Duma Alexander Babakov proposed creating a unified BRICS exchange using blockchain and virtual currency for inter-bloc settlements. Babakov stated that such an organization “will be the key to the economic sovereignty and independence of our countries,”...
Russia-China Trade Grows Despite Global Challenges, Putin Highlights
2.10.2024
Russian President Vladimir Putin marked the 75th anniversary of the People’s Republic of China by praising the solid partnership between Russia and China. He emphasized the resilience of their economic relationship and increasing trade despite international challenges. Putin also highlighted...
UBS Warns of Further US Dollar Decline, Advises Investors to Reduce USD holdings
1.10.2024
Financial giant UBS expects the U.S. dollar to continue to depreciate, advising investors to reevaluate their portfolios. The bank predicts a medium-term decline due to shrinking interest rate advantages and a growing fiscal deficit. With the dollar down 5% since June, UBS recommends strategies...
China-Russia Alliance Expands, Elevating US Risks in Asia and Middle East
30.9.2024
Frederick Kempe, CEO of the Atlantic Council, highlighted two pressing concerns at the UN General Assembly: the intensifying China-Russia partnership and doubts over US leadership. Alongside former Secretary of State Condoleezza Rice, he warned of mounting global threats, comparing today’s risks...
CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting
28.9.2024
In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a half-point reduction...
Putin: Russia Examining Digital Currencies for Independent Payments
28.9.2024
Vladimir Putin highlighted that Russia is examining the use of national digital currencies to implement an independent and supranational alternative payment system. However, he also outlined the intricacies of building such a platform, given the level of integration of major trading partners with...
$1.1B TIA token release to push October’s crypto unlocks to almost $2B
27.9.2024
Celestia tokens worth $1.1 billion will be unlocked on Oct. 31, while $300 million in Cheelee tokens will be released on Oct. 10.
Turkey Scraps Planned Crypto Tax, Targets Economic Reforms
27.9.2024
Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on reducing tax exemptions. This shift follows concerns about...
Putin: BRICS Nations Developing Own Payment and Settlement System
27.9.2024
Russian President Vladimir Putin has revealed plans for an independent payment system in collaboration with BRICS nations to secure foreign trade transactions. This move reflects a strategic shift aimed at increasing Russia’s and BRICS’s autonomy in global trade amid broader economic...