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Showing posts from August 14, 2024
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China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives

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Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Yp7G4eA

Vanguard’s New CEO Reaffirms No Crypto ETFs in Future Strategy

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Vanguard’s new CEO, Salim Ramji, reaffirms the company’s cautious stance on crypto exchange-traded funds (ETFs), emphasizing innovation and client-focused strategies while rejecting the launch of a crypto ETF. Ramji, a former Blackrock executive, highlights Vanguard’s strengths in active fixed income management and commitment to low-cost investments, staying consistent with the firm’s core principles. Vanguard CEO […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Yp7G4eA

Claudia Sahm Warns Fed: Delayed Rate Cuts Could Spur Unnecessary Recession

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In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor market still shows strength, suggesting the economy may not yet be in a recession. Claudia Sahm on U.S. […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Yp7G4eA