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Massive Turnout at BRICS Summit Proves West’s Strategy to Isolate Russia Failed

Massive Turnout at BRICS Summit Proves West’s Strategy to Isolate Russia FailedWestern efforts to isolate Russia have faltered as 36 nations attended the BRICS Summit in Kazan, a Russian official has declared. The BRICS leaders summit, chaired by Russia, saw 22 high-level delegations, highlighting Russia’s continued global influence despite sanctions and efforts by the U.S. and EU to marginalize it. West’s Isolation Strategy Fails: 36 Nations […]

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Peter Schiff Predicts Gold Could Soar to $100,000 as US Dollar Weakens

Peter Schiff Predicts Gold Could Soar to 0,000 as US Dollar WeakensEconomist 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 policy on national debt. Schiff warned of potential […]

Nigeria Arrests Nearly 800 Over ‘Pig Butchering’ Crypto Scam Targeting North Americans and Europeans

Over $1B wiped out in crypto liquidations as global markets suffer

Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations.

Crypto investors and traders lost approximately $1.08 billion in total liquidations amid uncontrolled falling prices of prominent cryptocurrencies, including Bitcoin, Ether and Solana.

On Aug. 5, crypto market prices saw a significant decline owing to the weakening global economy, which was catalyzed further by the sudden crash of Japan’s stock market. In the process, nearly 300,000 crypto traders were liquidated from their leveraged positions or collateral trades, according to data from Coinglass.

Amid the ongoing bear market, the prices of the most popular cryptocurrencies depreciated, with Bitcoin (BTC) and Ether (ETH) falling by over 10% and 20%, respectively. As a result, crypto traders anticipating a prolonged bull run lost their positions in the bloodbath.

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Nigeria Arrests Nearly 800 Over ‘Pig Butchering’ Crypto Scam Targeting North Americans and Europeans

Global Bond Market Alarm: 26 Countries Now Facing Inverted Yield Curves

Global Bond Market Alarm: 26 Countries Now Facing Inverted Yield CurvesWhile the U.S. recently marked the longest period of inverted bond yields in history, surpassing two years, data indicates that a total of 26 countries now have an inverted yield curve. Investors and economists closely monitor yield curve inversions, as they have historically signaled an increased likelihood of economic recessions. From the U.S. to Europe: […]

Nigeria Arrests Nearly 800 Over ‘Pig Butchering’ Crypto Scam Targeting North Americans and Europeans

BIS Report Warns of Rising Public Debt Risks to Global Economies

BIS Report Warns of Rising Public Debt Risks to Global EconomiesThe Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market economies. The report stresses that without fiscal consolidation, debt trajectories will remain unsustainable, threatening macroeconomic stability. As interest rates rise, refinancing needs and higher debt […]

Nigeria Arrests Nearly 800 Over ‘Pig Butchering’ Crypto Scam Targeting North Americans and Europeans

US Dollar Retains Global Dominance Despite BRICS Efforts, Reveals Atlantic Council Report

US Dollar Retains Global Dominance Despite BRICS Efforts, Reveals Atlantic Council ReportDespite concerted efforts by the BRICS nations to decrease global dependence on the U.S. dollar, the fiat currency remains the dominant force in the world economy, a new study from the Atlantic Council’s Geoeconomics Center finds. The report underscores the challenges of de-dollarization amidst geopolitical tensions. U.S. Dollar Holds Firm as Global Reserve Leader The […]

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Bitwise Analysis: AI and Crypto Fusion Poised to Elevate Global Economy by $20 Trillion

Bitwise Analysis: AI and Crypto Fusion Poised to Elevate Global Economy by  TrillionBitwise’s Senior Crypto Research Analyst, Juan Leon, predicts a transformative impact on the global economy as artificial intelligence (AI) and cryptocurrency converge, potentially adding $20 trillion to the global Gross Domestic Product (GDP) by 2030. AI and Crypto — The Trillion-Dollar Synergy Leon’s bold forecast was emphasized at the recent Consensus conference in Austin, which […]

Nigeria Arrests Nearly 800 Over ‘Pig Butchering’ Crypto Scam Targeting North Americans and Europeans

Experts Say Dollar Dominance Debate Misses the Point, US Needs Economic Focus

Experts Say Dollar Dominance Debate Misses the Point, US Needs Economic FocusTwo experts have explained that the global debate on the future of dollar dominance misses the point because it doesn’t focus on how the dollar’s future will evolve. They warned: “If the U.S. doesn’t keep its house in better order, dollar dominance will be the least of our worries.” Experts Discuss US Dollar’s Dominance Steven […]

Nigeria Arrests Nearly 800 Over ‘Pig Butchering’ Crypto Scam Targeting North Americans and Europeans

Bitmex Founder Arthur Hayes Advises to ‘Go Long on Bitcoin’ as G7 Central Banks May Slash Rates

Bitmex Founder Arthur Hayes Advises to ‘Go Long on Bitcoin’ as G7 Central Banks May Slash RatesArthur Hayes, the founder and former CEO of Bitmex, recently shared his insights on the future of global financial markets in a blog post. Hayes delves into the impact of central bank policies on the global economy, emphasizing the role of interest rates and inflation targets. Bitmex Founder’s Perspective on Global Finance and Bitcoin In […]

Nigeria Arrests Nearly 800 Over ‘Pig Butchering’ Crypto Scam Targeting North Americans and Europeans