finance
-
Panama City has officially adopted cryptocurrency as a method for settling municipal taxes and fees. Following a city council vote, residents can now use Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether (USDT) to pay for services such as taxes, licenses, and fines. Mayor Mayer Mizrachi announced the initiative, highlighting that while cryptocurrencies will…
-
JPMorgan Chase CEO Jamie Dimon has urged the United States to re-engage with China to resolve the escalating trade war, warning that continued economic hostilities could erode U.S. credibility and increase the risk of a global recession. In a recent interview with the Financial Times, Dimon emphasized the urgency of resuming dialogue, stating, “I don’t…
-
According to global commodities trading firm Gunvor, oil prices falling to $60 during the worst of the recent market downturn signaled a market pricing in zero demand growth for the year. The comment highlights how sharply sentiment deteriorated in energy markets as macroeconomic uncertainty and geopolitical risks weighed on investor confidence. Gunvor’s assessment implies that…
-
The Trump administration is exploring the use of tariff revenues to fund the acquisition of Bitcoin, aiming to expand the nation’s strategic cryptocurrency reserves without increasing taxes or national debt. Bo Hines, Executive Director of the Presidential Council of Advisers on Digital Assets, discussed this initiative in a recent interview, highlighting the administration’s commitment to…
-
Nvidia has confirmed it will begin manufacturing AI supercomputers within the United States for the first time, planning to build up to $500 billion in domestic AI infrastructure over the next four years. The move marks a dramatic shift in its manufacturing strategy, as the company localizes critical technology production amid rising demand and global…
-
Bitmain Technologies, a Beijing-based cryptocurrency hardware manufacturer, has become a dominant player in the Bitcoin mining industry. As of 2024, the company’s estimated valuation on the open market is approximately $100 Billion. This is based off the fact that in 2021, a report by Investopedia claimed that Bitmain’s then valuation at the time was about…
-
Max Keiser, a prominent Bitcoin advocate, recently declared Swan Bitcoin as the “best Bitcoin brand” on social media. His statement reinforces Swan’s growing reputation as a leading platform for Bitcoin accumulation, offering recurring buys and educational resources for users. Swan’s focus on transparency and its commitment to Bitcoin principles have made it a standout in…
-
The European Union and China have initiated formal negotiations aimed at abolishing EU-imposed tariffs on Chinese electric vehicles (EVs). These discussions seek to replace the existing tariffs with a minimum pricing agreement, ensuring fair competition while addressing concerns over market distortions caused by alleged subsidies. In October 2024, the EU implemented tariffs reaching up…
-
Metaplanet Inc., a Tokyo-listed investment firm, has expanded its Bitcoin holdings by acquiring an additional 696 BTC, bringing its total to 4,046 BTC. This acquisition was executed through cash-secured put options, allowing the company to purchase Bitcoin at an effective price of ¥13.48 million per BTC, below the spot price at the time. In the…
-
In March 2025, U.S. inflation decreased more than anticipated, with the Consumer Price Index (CPI) rising 2.4% year-over-year, down from 2.8% in February and below the projected 2.6%. The Core CPI, which excludes volatile food and energy prices, increased by 2.8%, marking its lowest annual rise since March 2021. Key Highlights: Monthly Decline: The CPI…
-
Tether Holdings Ltd, the issuer of the world’s largest stablecoin USDT, is actively exploring lending opportunities for commodities traders. The company has engaged in discussions with multiple firms about offering US dollar-denominated loans to support international trade. Tether’s entry into the sector aims to streamline credit provision for commodities such as oil, metals, and food,…
-
Apple Flies in iPhones to Dodge New Tariffs Ahead of April 5 Deadline
