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Bank of England Successfully Tests Crypto-like Settlement System
The Bank of England (BoE) has successfully tested distributed ledger technology (DLT) for settling transactions. Crypto projects popularized…
JPMorgan, Citi Predict China’s Growth Outlook: U.S. Dollar Buckles
After China’s GDP (gross domestic product) beat Q1 2023 estimates, financial giants, JPMorgan and Citi, have raised their…
U.S. Stocks Are Facing a ‘$800 Billion’ Dilemma, Says Citi Group
U.S. stocks and risk assets will take a hit when central banks withdraw around $800 billion of stimulus,…
El Salvador Confirms Tax Cuts for AI-Firms
President Nayib Bukele undoubtedly put El Salvador on the map through increased adoption of Bitcoin [BTC]. Now, the…
6.2 Million Bitcoins Return to Profit: A New Bull-Cycle?
The cryptocurrency markets have picked up significant steam in 2023. Bitcoin (BTC), the original crypto, has rallied nearly…
Will AI Ventures Eat Into Crypto VC Investments In 2023?
In 2022, the world witnessed the launch of OpenAI’s ChatGPT. This artificial intelligence tool became a household with…
The U.S. Dollar: It’s Time to ‘Die Another Day’
The U.S. dollar is now in a do-or-die situation where other nations are challenging its dominance. 2023 remains…
Bank of Israel Plans to Roll Out Digital Shekel CBDC
The development of Central Bank Digital Currency [CBDC] across the globe has been carried out in full swing.…
Oil ETFs See Longest Weekly Outflows in 9-Months, Why?
According to Bloomberg, the four most significant oil ETFs (exchange-traded funds) have recorded the longest weekly outflows since…
China’s Yuan Could Rally 5.5% Against U.S. Dollar in 2023: Asset Manager
With several nations raising concerns about the U.S. dollar, the de-dollarization narrative has been getting stronger in 2023.…
