Russian Finance Minister Anton Siluanov specified that digital financial assets were among the options that BRICS was considering for securing independence from third-party nations in the economic trade arena. BRICS Profiles Digital…
Category: finance
Inflation, consumer spending misses push US stocks lower
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. The Fed’s preferred inflation gauge ticked higher in February while consumer spending continued to disappoint, painting an uncertain…
Elon Musk Announces His Artificial Intelligence Company xAI Acquires X (Formerly Twitter)
Elon Musk’s artificial intelligence company xAI has acquired social media platform X (formerly Twitter) in an all-stock transaction. The deal values xAI at $80 billion and X at $33 billion, while also…
Australia snubs Bitcoin and other tech as budget week ends in disappointment
Australia has surprisingly snubbed Bitcoin and other tech in its budget as the whole excitement came crashing down disappointingly. While most countries are gravitating towards Bitcoin and other technologies, the lack of…
First Tokenized Warehouse Complex Built in El Salvador
The warehouse, whose construction was financed in part with tokenized sales, marks one of the first times that this financing scheme has been used successfully in El Salvador. The Digital Assets Law…
European Union Proposes New Measures for Cryptocurrencies – If Adopted, It Will Be the First Time Such Harsh Measures Will Be Taken
European regulators have proposed tough new capital requirements for insurers holding cryptocurrencies, signaling the EU’s toughest stance yet on Bitcoin and other digital assets. The European Insurance and Occupational Pensions Authority (Eiopa)…
South Korean crypto investors surpass 16 million
The number of crypto investors in South Korea has surpassed 16 million, closing the gap in the number of stock investors in the country. While most investors still favor stocks ahead of…
How Will Donald Trump’s Tariffs Affect Dollar Strength? Will the US Enter a Recession? Here’s the Bank of America View
The strength of the US dollar may not be sustainable if US President Donald Trump moves forward with sweeping tariffs, according to currency analysts at Bank of America. In a recent report,…
Crypto Stocks Feel the Pain of Market Meltdown
As the crypto economy has contracted by $150 billion since Monday, the downturn has notably impacted crypto stocks, with a significant portion of shares experiencing double-digit declines across the board. Synchronized Selloffs:…