Putin Discusses BRICS Currency and Swift Alternative

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Russian President Vladimir Putin has emphasized the need for independent financial systems within BRICS, focusing on developing an alternative to Swift. He addressed the idea of a shared BRICS currency but urged caution, noting that it’s not yet fully developed. His remarks hinted at careful, deliberate moves, with broader financial strategies still unfolding. Russian President […]

How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim

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Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy […]

Russia Pushes Digital Currency Plan for BRICS — Is This the End of Western Financial Dominance?

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Russian President Vladimir Putin has unveiled a plan to introduce digital currencies as a key tool for investment for the BRICS alliance. This proposal aims to boost economic growth in developing nations, with a focus on minimizing inflationary risks. By involving BRICS members and other developing countries, Putin sees this initiative as a critical step […]

UBS Predicts ‘No Landing’ for US Economy — What It Means for Markets and Inflation

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Global investment bank UBS is forecasting a “no landing” scenario for the U.S. economy, where growth continues and inflation remains stable, defying predictions of recession. With stronger-than-expected jobs data and GDP growth, UBS expects election-driven market volatility but sees economic momentum and AI trends supporting equities growth as the Fed moves toward rate cuts. UBS […]

BTC Hits $69K Amid Big Market Moves: Here’s How Markets Are Moving

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On Sunday, bitcoin (BTC) climbed past $69,000, hitting an intraday peak of $69,363 per coin. Over the past week, BTC gained 9.3%, expanded 63% since the start of the year, and increased by 132% over the last 12 months. The global trading volume across the crypto economy sits at $71.30 billion, with BTC contributing $15.25 […]

Russia Vows to Launch Domestic Payment System to Render Western Sanctions Obsolete

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Russia is determined to create a domestic payment system to conduct trade and international transactions free from current disruptions. Mikhail Mishustin, Prime Minister of Russia, stated that this will be a joint effort by many institutions to achieve a principles-based system instead of the current one managed by Western institutions. Prime Minister States Russia Will […]

Stripe Acquires Stablecoin Platform Bridge in Record $1.1 Billion Crypto Deal

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Payments company Stripe has acquired stablecoin platform Bridge in a $1.1 billion transaction, marking the largest acquisition in the crypto industry to date. Techcrunch founder Michael Arrington confirmed the news through a post on X, emphasizing the significance of this milestone deal. The acquisition of Bridge reflects Stripe’s growing commitment to cryptocurrency. Bridge offers software […]