The share of currencies other than the U.S. dollar and the euro in international reserves is on the rise, according to a Russian representative. The trend is being observed as a growing number of countries try to use their national currencies in foreign trade settlements, the official noted. Russia Sees Alternative Currencies Like Chinese Yuan…
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In early August 2023, Bloomberg ETF specialists Eric Balchunas and James Seyffart estimated a 65% probability for the approval of a spot bitcoin ETF. However, as August draws to its conclusion, and in light of a U.S. court siding with Grayscale over a legal tussle against the U.S. Securities and Exchange Commission (SEC), the pair…
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Russian Foreign Minister Sergey Lavrov has declared that the actions of the BRICS bloc, integrated by Brazil, Russia, India, China, and South Africa, are focused on reducing dependency on the economic system managed by the U.S. and its Western allies. He denied a possible unified currency for all BRICS countries at this juncture. Russian Foreign…
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Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours of their mining devices. This revelation comes hot on the heels of Canaan’s teaser about their “groundbreaking” mining innovation slated for…
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U.S.-based asset manager Valkyrie is requesting regulatory approval from the U.S. Securities and Exchange Commission (SEC) for an ether futures exchange-traded fund (ETF). The move follows the acceptance by the SEC of Valkyrie’s application for a spot bitcoin ETF last month. Asset Manager Valkyrie Seeks Regulatory Nod for Ether Futures ETF Tennessee-headquartered asset management firm…
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The 45th president and previous White House occupant, Donald Trump cautions that America is in danger of losing its global influence. In an interview with Larry Kudlow, Trump stated while the U.S. retains significant power, its position is “waning” concerning its currency. The Diminishing Dollar? Trump Points to a Shift in Global Currency Dynamics Always…
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The U.S. Federal Election Commission unanimously voted to advance a petition to regulate political ads that use artificial intelligence. The United States Federal Election Commission (FEC) voted unanimously on Aug.10 to advance a petition that would potentially regulate deep fakes in political ads generated by artificial intelligence (AI). The petition targets ads that use AI to…
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The stage is set for a potentially striking upswing in global oil prices, as supply constricts and demand ascends to unprecedented levels. With oil reserves dwindling at a breakneck pace, OPEC’s spare capacity restrained, and powerhouse consumers like China and India snapping up record quantities of Russian crude at discounted rates, a confluence of these…
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The ongoing spat between the United States and China over emerging tech like AI continues as U.S. President Joe Biden restricts investments. The emergence of high-level artificial intelligence (AI) technology has caused the United States and China to safeguard their resources in a race to develop the most powerful systems. A tense relationship is developing…
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According to James Seyffart and Eric Balchunas, two analysts specializing in exchange-traded funds (ETFs) at Bloomberg, the likelihood of a spot bitcoin ETF debut in the U.S. has surged to 65%. These analysts attribute this increase to “pressure from Blackrock and possibly Democrats,” a force that could compel the U.S. Securities and Exchange Commission to…
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