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Bukele’s Zero-Debt Budget Aims to Fix El Salvador’s $39B Debt Crisis by 2029
El Salvador's President Nayib Bukele has proposed a radical zero-debt budget plan aimed at steering the country's struggling economy towards recovery. With El Salvador currently grappling with high public debt and one of the highest inflation rates among dollarized economies,... -
Chinese Stocks Surge After Its Central Bank Announces Stimulus Measures
US-listed Chinese stocks are trading higher in US price action today following a 4.1% gain in the Hang Seng index after the Chinese central bank announced a flurry of stimulus measures to lower borrowing costs in a bid to support... -
Bitcoin Leads $321 Million Inflows After Fed’s Rate Cut: CoinShares Reports
On September 23, the latest report showed that the cryptocurrency market saw a significant inflow of investments, totaling $321 million last week. This marked the second consecutive week of strong gains, mainly led by Bitcoin, which alone attracted $284 million.... -
Kamala Harris Discusses Crypto for the First Time Ahead of US Elections
Kamala Harris, Vice President of the United States and Democratic Party's candidate for the 2024 presidential elections has publicly spoken about crypto for the first time in the lead-up to the November 5 election. Campaigns Focus on Crypto According to... -
Expert Analysis: How China’s Economic Slowdown is Set to Transform Global Trade
As China’s economy experiences a significant slowdown, experts are weighing in on how this shift will transform global trade dynamics. Ning Leng, an assistant professor at Georgetown University’s McCourt School of Public Policy, offered insights into these changes during a... -
Nayib Bukele and Elon Musk Discuss AI, Robotics, and the Future of Humanity at Texas Gigafactory
In a very important meeting held between two powerful individuals, El Salvador’s President Nayib Bukele and Tesla and SpaceX CEO Elon Musk met at the Texas Gigafactory to discuss artificial intelligence (AI), robotics, and the future of mankind. The meeting,... -
Commerzbank and DZ Bank in Germany to Launch Bitcoin and Crypto Trading Services
Commerzbank and DZ Bank, two of Germany's largest commercial banks, have officially entered the cryptocurrency trading space. Commerzbank teamed up with Crypto Finance to provide crypto trading and custody services tailored for institutional investors. At the same time, DZ Bank... -
Nike Stock Rebounds After Company Brings Back Elliott Hill as CEO
Nike (NYSE: NKE) which is the third worst performing Dow Jones constituent this year, is up sharply in US premarket price action today after the company announced that Elliott Hill would replace John Donahoe as the company’s CEO effective October... -
BlackRock Identifies Bitcoin as Hedge Against U.S. Debt Crisis
BlackRock, the world’s largest asset manager, has observed a shift in how its clients view Bitcoin. Rather than classifying the digital currency as a “risk-on” or “risk-off” asset, Bitcoin is increasingly used to hedge against the growing U.S. debt crisis.... -
Circle Expands USDC Integration to Brazil and Mexico’s Financial Systems
On September 17, Circle, the company behind the USD Coin (USDC), announced the integration of its stablecoin into the banking systems of Brazil and Mexico. This allows the use of USDC within both countries’ national payment systems - Brazil’s PIX...
