BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says

September 26, 2024 Bitcoin.com

bitcoin.com

BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan summit. He highlighted Saudi Arabia’s potential shift towards the petroyuan and Russia’s plans to reduce dollar reliance. However, […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to 0M: Report

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty

September 26, 2024 Bitcoin.com

Mike McGlone — Hedge Funds Push Gold Toward K Amid Global Market Uncertainty

bitcoin.com

In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

JPMorgan CEO Jamie Dimon Cautions Against Market Optimism — ‘Geopolitics Is Getting Worse’

September 25, 2024 Bitcoin.com

bitcoin.com

JPMorgan CEO Jamie Dimon has issued a serious warning about escalating geopolitical risks, stating that they pose greater threats to global stability than current economic challenges. His remarks come in light of rising tensions, including attacks on oil tankers and the ongoing Ukraine-Russia war. Dimon cautioned against over-optimism about the U.S. economy, advising a more […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Economist Jim Rickards: Fed’s Narrative Is Wrong, Recession Coming

September 24, 2024 Bitcoin.com

bitcoin.com

Jim Rickards, a renowned economist and author of several best-selling books, has explained that the recent Federal Reserve 0.5% interest rate cut shows that the institution has fallen behind the curve and is “in a little bit” of a panic mode, with a recession coming according to several technical indicators. Jim Rickards Warns About Coming […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Russia Pushes for Sustainable BRICS Interbank Networks and Payment Systems

September 24, 2024 Bitcoin.com

bitcoin.com

Russia is pushing to develop independent interbank networks and payment systems within BRICS to boost the bloc’s financial influence. Moscow aims to expand cross-border settlements and the use of national currencies in BRICS trade, as part of a strategy to reduce dependence on Western financial institutions. These efforts have gained attention during Russia’s BRICS presidency, […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’

September 23, 2024 Bitcoin.com

bitcoin.com

UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that central bank purchases and investor inflows into gold ETFs are sustaining the metal’s […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Lavrov Says He Agrees With Donald Trump on US Sanctions Weakening Dollar’s Status

September 23, 2024 Bitcoin.com

Biden Administration

Russian Foreign Minister Sergey Lavrov has backed former U.S. President Donald Trump’s remarks about the negative effects of U.S. sanctions on the dollar and the American economy. Lavrov agreed that sanctions imposed by the Biden administration have weakened the dollar’s global reserve status. He further noted a global shift towards dedollarization, led by nations like […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

How China’s Economic Slowdown Will Transform Global Trade, Expert Insights

September 23, 2024 Bitcoin.com

bitcoin.com

China’s slowing economy is poised to redefine its global trade relationships, particularly with the Global South. Assistant professor Ning Leng of Georgetown University’s McCourt School of Public Policy discussed how these internal economic challenges might prompt China to boost investments in regions like Southeast Asia and Latin America. China’s Economic Shift and Its Global Implications […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

September 22, 2024 Bitcoin.com

bitcoin.com

The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Lynette Zang: Hyperinflation Looms as US Dollar’s Purchasing Power Dwindles

September 22, 2024 Bitcoin.com

bitcoin.com

Lynette Zang, CEO of Zang Enterprises, asserts that hyperinflation is already underway, predicting a further decline in the U.S. dollar’s value. According to Zang’s recent interview with Kitco, the current financial trends indicate that the dollar’s purchasing power will reach zero, leading to a significant economic crisis by 2025. Zang Warns of Hyperinflation as U.S. […]

Economics