Bitcoin.com News

2023-04-30 03:23:46 Billionaire Ray Dalio Warns US and China on Brink of War, Beyond Ability to Talk — US-China Trade Could Collapse

Bridgewater Associates founder Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to talk.” The billionaire added that their… read more:
https://news.bitcoin.com/billionaire-ray-dalio-warns-us-and-china-on-brink-of-war-beyond-ability-to-talk-us-china-trade-could-collapse/ Open / Comment

2023-04-30 01:18:46 Economist Predicts Shift to Tripolar Reserve Currency World — Yuan, Euro to Disrupt US Dollar’s Dominance

Economist Stephen Jen, a former Morgan Stanley managing director, expects a shift “from a unipolar reserve currency world to a multipolar world,” with the Chinese yuan, the euro, and the… read more:
https://news.bitcoin.com/economist-predicts-shift-to-tripolar-reserve-currency-world-yuan-euro-to-disrupt-us-dollars-dominance/ Open / Comment

2023-04-29 23:13:46 Japan’s Inflation Surges to 3.5% as New BOJ Governor Takes the Helm

This week, the Statistics Bureau of Japan unveiled the latest core consumer price index CPI report for the country, revealing a surge to 3.5%. This figure comes as a surprise… read more:
https://news.bitcoin.com/japans-inflation-surges-to-3-5-as-new-boj-governor-takes-the-helm/ Open / Comment

2023-04-29 21:33:45 Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures

On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank… read more:
https://news.bitcoin.com/reports-by-fed-and-fdic-reveal-vulnerabilities-behind-2-major-us-bank-failures/ Open / Comment

2023-04-29 19:28:44 No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again

Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year.… read more:
https://news.bitcoin.com/no-rate-hikes-in-russia-central-bank-keeps-interest-rate-level-again/ Open / Comment

2023-04-29 17:23:44 First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles

According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal Deposit Insurance Corporation FDIC if private sector banks do not… read more:
https://news.bitcoin.com/first-republic-bank-faces-potential-takeover-by-fdic-amidst-financial-struggles/ Open / Comment

2023-04-29 15:18:44 Netflix Star Driving Bitcoin Adoption With Porsche Flying El Salvador Flag

Scottish-Salvadoran driver Sebastian Melrose has made his debut in the Porsche Carrera Cup racing championship. The 25-year-old, who took part in a popular Netflix TV series last year, drives a… read more:
https://news.bitcoin.com/netflix-star-driving-bitcoin-adoption-with-porsche-flying-el-salvador-flag/ Open / Comment

2023-04-29 13:13:43 Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges

According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital… read more:
https://news.bitcoin.com/report-kenya-to-start-levying-tax-on-revenue-earned-by-crypto-exchanges/ Open / Comment

2023-04-29 11:33:43 Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits… read more:
https://news.bitcoin.com/almost-50-russian-banks-accept-yuan-deposits-amid-low-demand-for-dollar-accounts/ Open / Comment

2023-04-29 09:28:42 Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow… read more:
https://news.bitcoin.com/argentina-to-settle-chinese-imports-in-yuan-to-safeguard-dwindling-dollar-reserves/ Open / Comment