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

How China’s Economic Slowdown Will Transform Global Trade, Expert InsightsChina’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 […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

JPMorgan CEO Jamie Dimon on Fed Rate Cuts: Bigger Economic Problems Ahead

JPMorgan CEO Jamie Dimon on Fed Rate Cuts: Bigger Economic Problems AheadJPMorgan Chase CEO Jamie Dimon has downplayed the significance of Federal Reserve rate cuts, emphasizing that broader economic forces are at play. He cautioned against focusing too much on the type of economic landing. “Honestly, most of us have been through all that stuff, it doesn’t matter as much,” said the JPMorgan executive. Jamie Dimon: […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Cardano founder to meet Argentina president Javier Milei

In a meeting planned with Argentina president Javier Milei, Charles Hoskinson wants to discuss how blockchain can rewrite global economic and political systems.

Cardano (ADA) founder Charles Hoskinson will meet with Argentina president Javier Milei in October to discuss the cryptocurrency economy.

Hoskinson is heading to the Tech Forum Argentina to discuss the future of blockchain in a conversation with the president planned for Oct. 19, the Cardano founder told Cointelegraph in an interview.

In the upcoming meeting, Hoskinson expects to discuss blockchain’s potential to transform global economic, political, and social systems.

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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Russian Economy Sees Growth Despite Western Sanctions and Declining Imports

Russian Economy Sees Growth Despite Western Sanctions and Declining ImportsThe Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military manufacturing, saw a 3.3% increase in July, and the GDP growth rate for the first half of the year reached 4.6%, compared to 1.8% in […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

No mention of crypto in the Democratic Party’s 2024 platform

The 91-page party platform is expected to be passed on Aug. 19 in a vote from the Democratic National Convention (DNC).

Contrary to weeks of messaging from the Harris-Walz 2024 presidential campaign and senior Democrat officials promising a crypto ‘reset’ pivoting from the anti-crypto policies of the Biden administration, the 2024 Democrat Party platform made no mention of cryptocurrencies or digital asset policy.

The 91-page party platform touched on everything from “corporate greed,” housing, and education, to US foreign policy and geostrategic power.

Cost-cutting was a recurring theme in the lengthy document, yet nowhere in the party platform were solutions to tackle the core issue of rising costs due to monetary debasement or austerity measures to control the spending of the US government, which currently has a staggering $35 trillion in debt.

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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Elon Musk: How Government Overspending and Excessive Regulation Fuel Inflation

Elon Musk: How Government Overspending and Excessive Regulation Fuel InflationElon Musk, CEO of Tesla and Spacex, has expressed his view that inflation is primarily driven by government overspending, which he emphasized as “the vast majority of the problem.” He also noted that excessive regulation worsens the situation, underscoring that the issue stems from the government, not the private sector. Elon Musk on Inflation, Government […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin bull-bear market cycle signals potential bear market — Analyst

Bitcoin fell to a low of approximately $49,000 following market turmoil brought on by the Bank of Japan’s rate hike and the Federal Reserve’s inaction.

The Bitcoin bull-bear market cycle indicator, a metric that tracks phases of investor sentiment in the Bitcoin (BTC) market, recently signaled a bear phase following the macroeconomic downturn resulting from rising Japanese interest rates and a strengthening yen.

According to Julio Moreno, head of research at CryptoQuant, the indicator has not flashed a bear signal since January 2023, a few short months after the collapse of FTX.

Moreno also pointed to the indicator’s history of accurately predicting market downturns during the COVID-19 panic of March 2020, the Chinese government’s mining ban in May 2021 and the start of the crypto bear market in November 2021.

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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Justin Sun denies liquidation rumors amid market turmoil

Over the weekend, more than $1 billion in futures positions were liquidated from the crypto markets as fears of a looming recession intensified.

Justin Sun, founder of Tron (TRX) and Huobi (HTX), has denied rumors that leveraged futures positions from HTX have been liquidated in the past 24 hours during the sharp market downturn, claiming that HTX "rarely" engages in leveraged trading.

Sun followed up his remarks by promising to set aside $1 billion "To combat fear, uncertainty, and doubt, invest more, and provide liquidity," though details on this proposed fund remain elusive beyond his initial announcement.

Cointelegraph reached out to Sun for more clarification but was unable to obtain a response by the time of publication.

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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Majority of Americans Believe US in Recession, Survey Shows

Majority of Americans Believe US in Recession, Survey ShowsNew research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief, followed by complaints from friends and family (50%), reduced spending by peers (36%), and difficulties […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

India Favors BRICS Payment System, Says Institute Director

India Favors BRICS Payment System, Says Institute DirectorIndia supports the idea of an independent BRICS payments system but stresses the importance of a cautious and systematic approach. According to Ash Narain Roy, Director of India’s Institute of Social Sciences, thorough discussions among all parties are essential before making any decisions. He noted that many BRICS members share this cautious perspective. India Supports […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal