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Showing posts from April, 2023

Billionaire Ray Dalio Warns US and China on Brink of War, Beyond Ability to Talk — US-China Trade Could Collapse

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https://krakow3d.com/wp-content/uploads/2023/04/billionaire-ray-dalio-warns-us-and-china-on-brink-of-war-beyond-ability-to-talk-us-china-trade-could-collapse.jpg 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 relations “are getting so bad” that U.S.-China trade could collapse. He cautioned that the next 18 months “will be a very risky period.” U.S. and China on the Brink of War, Says Dalio Ray Dalio, the founder of the world’s largest asset manager, Bridgewater Associates, warned in a Linkedin post, published Wednesday, that the U.S. and China are on the brink of war. The billionaire, who has visited China for almost 40 years and has built close friendships there, shared his perspectives from his recent 13-day trips to China, as well as from meetings with Chinese citizens, experts on China residing outside the country, and policymakers in other countries, includ

First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles

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https://krakow3d.com/wp-content/uploads/2023/04/first-republic-bank-faces-potential-takeover-by-fdic-amidst-financial-struggles.jpg 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 intervene. The FDIC has reportedly approached several large commercial banks regarding purchasing First Republic after the bank’s stocks dropped more than 50% on Friday. FDIC Considers Taking Over First Republic Bank as Financial Troubles Deepen, Urges Private Sector to Step In First Republic Bank’s shares were halted multiple times on the New York Stock Exchange this week, with the stock slipping 50% lower on Friday to an intraday low of $2.98 per share. By the end of the Friday trading session, it had fallen over 43% to $3.51 per share. According to sources cited by CNBC, “the most likely outcome for the troubled bank is for the Federal Deposit Insurance

Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

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https://krakow3d.com/wp-content/uploads/2023/04/argentina-to-settle-chinese-imports-in-yuan-to-safeguard-dwindling-dollar-reserves.jpg 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 the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China in Chinese Yuan Argentina, one of the big three economies in Latin America, will use the Chinese yuan to pay for certain imports. According to statements from Argentine Economy Minister Sergio Massa, the country will begin settling payments for Chinese imports using the Chinese yuan, in the context of saving the scarce dollars that the country still has left. The agreement is perceived by analysts as a positive pact for the nations, as China deepens the penetration and usage of the Chinese yua

Meme stock mania: Little-known Chinese stocks skyrocket

http://img.youtube.com/vi/Yoowr0knS_Q/0.jpg https://www.youtube.com/watch?v=Yoowr0knS_Q Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Lydia Moynihan, New York Post, and Herb Greenberg, Empire Financial Research, join the show to discuss surging yet little-known Chinese meme stocks. Origina post from https://krakow3d.com/videos/meme-stock-mania-little-known-chinese-stocks-skyrocket.html

Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%

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https://krakow3d.com/wp-content/uploads/2023/04/terra-classic-advocates-propose-plan-to-re-establish-ustcs-peg-with-us-dollar-tokens-value-surges-by-over-9.jpg Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem by re-establishing the once-stable token’s peg with the U.S. dollar. In response to the proposed development, the value of UST, renamed USTC, has escalated by more than 9% in the past 24 hours. Terra Classic Community Plans to Take Action to Restore USTC’s Peg With USD Terra Classic blockchain supporters aim to revive the algorithmic stablecoin’s ecosystem by restoring the token USTC ’s value parity with the U.S. dollar. A Terra Classic community member using the pseudonym “Redlinedrifter” submitted the proposal , affirming that Do Kwon’s decentrali

Systemic Swiss Banks Not Ready for Crisis, Regulator Says

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https://krakow3d.com/wp-content/uploads/2023/04/systemic-swiss-banks-not-ready-for-crisis-regulator-says.jpg Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s preparedness in positive terms. 2 Swiss Banks Unable to Implement Recovery Plans, Finma Finds The Swiss Financial Market Supervisory Authority (Finma) considers insufficient the crisis plans of two of Switzerland’s main banks, Reuters reported. The regulator is not certain if Zürcher Kantonalbank (ZKB) and Postfinance will be manage to continue to operate in case of a crisis. ZKB’s emergency plan is not yet ready to implement as the bank has not reserved sufficient capital for recapitalization while Postfinance “must realign its emergency recapitalization strategy,” Finma stated in an announcement on Wednesday. The two are among the

Gorging on weight loss drugs: Are medications the new key to shedding pounds?

http://img.youtube.com/vi/eeQD37fz9Pc/0.jpg https://www.youtube.com/watch?v=eeQD37fz9Pc Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Dr. Charles Procter, bariatric surgeon, joins the show to discuss new weight loss drugs. Origina post from https://krakow3d.com/videos/gorging-on-weight-loss-drugs-are-medications-the-new-key-to-shedding-pounds.html

Former President Donald Trump Says US Dollar Is Crashing — Warns ‘We’re Very Close’ to World War III

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https://krakow3d.com/wp-content/uploads/2023/04/former-president-donald-trump-says-us-dollar-is-crashing-warns-were-very-close-to-world-war-iii.jpg Donald Trump has warned that the U.S. dollar is crashing and soon will “no longer be the world standard.” The former president of the United States further warned that “we are very close” to a third world war happening. “Joe Biden has led us to the very brink of World War III,” he stressed. Trump on Inflation, Dollar Crashing, World War III Donald Trump released a video Tuesday following Joe Biden’s announcement that he is running for the president of the United States in 2024. The former U.S. president began by outlining the damage to the U.S. economy caused by Biden in a few short years, including his “spending calamity.” Trump described: American families are being decimated by the worst inflation in half a century. Banks are failing, our currency is crashing, and the dollar will soon no longer be the world standard, which will be our gr

BCH Bull Launches Production Release, While Cashfusion Fuses Over $2 Billion in BCH

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https://krakow3d.com/wp-content/uploads/2023/04/bch-bull-launches-production-release-while-cashfusion-fuses-over-2-billion-in-bch.jpg As the Bitcoin Cash enthusiasts brace themselves for the much-awaited upgrade that vows to unleash decentralized applications, General Protocols revealed a complete production release of its decentralized hedging application, boasting a doubled contract size. Meanwhile, those utilizing the privacy-boosting protocol Cashfusion have fused over 17.4 million bitcoin cash since its inception, equivalent to a staggering $2 billion in U.S. dollar value. General Protocols Reveals Latest Defi Application Release The Bitcoin Cash community eagerly awaits an upgrade that promises to revolutionize the creation of decentralized applications on May 15, 2023. Last November, blockchain developer Jason Dreyzehner shared the news that the 2023 upgrade had been successfully added to the testnet network. Dreyzehner elaborated on the forthcoming improvements, which will int

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

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https://krakow3d.com/wp-content/uploads/2023/04/brics-currencies-to-have-no-alternative-former-russian-president-medvedev-says.jpg Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a whole, the Russian politician said. Ruble, Yuan, Other BRICS Currencies to Take Over After Euro Collapse, Dmitry Medvedev Predicts Russia’s former head of state, Dmitry Medvedev, does not rule out the collapse of the common European currency and a return to national fiats on the Old Continent. “It is absolutely certain that financial shocks in Europe will not keep you waiting,” he was quoted as saying by the RIA Novosti news agency. The euro, already not too resistant to external influences, has started losing its role as a universal means of payment, Medvedev pointed out. Therefore, it is likely that Europe will retu

Beer boycott hitting Bud Light: Report says Bud Light pours down after conservative boycott

http://img.youtube.com/vi/EAUSz_-O6QU/0.jpg https://www.youtube.com/watch?v=EAUSz_-O6QU Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Americus Reed, Wharton School of Business, joins the show to discuss the backlash against Bud Light's ad campaign. Origina post from https://krakow3d.com/videos/beer-boycott-hitting-bud-light-report-says-bud-light-pours-down-after-conservative-boycott.html

BRICS Currency Will Erode US Dollar’s Dominance, Former White House Economist Warns

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https://krakow3d.com/wp-content/uploads/2023/04/brics-currency-will-erode-us-dollars-dominance-former-white-house-economist-warns.jpg Former White House economist Joseph Sullivan has warned that a BRICS currency would erode the U.S. dollar’s dominance. If member nations use only a common BRICS currency for international trade, “they would remove an impediment that now thwarts their efforts to escape dollar hegemony,” he described. Former White House Economic Advisor on BRICS Currency and U.S. Dollar’s Reserve Currency Status A former White House economic advisor, Joseph Sullivan, discussed de-dollarization and the potential impacts of a BRICS currency on the USD in an opinion piece published by Foreign Policy Monday. The BRICS nations are Brazil, Russia, India, China, and South Africa. Sullivan was a special advisor and staff economist at the White House Council of Economic Advisers during the Trump administration. He is currently a senior advisor at the Lindsey Group, an economic adv

Bitcoin Difficulty Estimated to Drop After 5 Back-to-Back Increases

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https://krakow3d.com/wp-content/uploads/2023/04/bitcoin-difficulty-estimated-to-drop-after-5-back-to-back-increases.jpg Bitcoin’s imminent difficulty change appears to be heading towards a possible decrease, marking the first time in over 73 days, ever since February 12, 2023. The network has witnessed a notable difficulty upswing of approximately 22.62% since block height 778,176. Consequently, with the current block times in place, the mining participants of the network may finally see a drop. Bitcoin Difficulty Expected to Drop 1-4% Lower; BTC Price Spikes 6% Higher Present data suggests that the decline in Bitcoin’s difficulty level could potentially take place around May 4, 2023. The hashrate of the network currently stands at 332 exahash per second (EH/s) after experiencing a dip to 290 EH/s on Tuesday. According to statistics obtained from three data points ( 1 , 2 , 3 ), the block intervals, i.e., the time between each block discovered, indicate that blocks are being found ov

Satoshi’s Math: How Bitcoin’s Use of Mathematical Tools Ensures System Consistency

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https://krakow3d.com/wp-content/uploads/2023/04/satoshis-math-how-bitcoins-use-of-mathematical-tools-ensures-system-consistency.jpg Over 14 years ago, Satoshi Nakamoto unveiled the Bitcoin network to the world, creating the very first triple-entry bookkeeping system known to mankind. This technological wonder, with a current market value of $540 billion, ingeniously integrates encryption and mathematical formulas to fortify its security. In this exploration, we delve into two of the mathematical choices that underpin Bitcoin’s complex architecture, determining block rewards, transaction inputs and outputs, and mining difficulty adjustments, while also regulating the pace at which new blocks are discovered. Whole Numbers at Work: A Look at Bitcoin’s Use of Integers Bitcoin was created using a variety of encryption processes and mathematical formulas, each with a specific purpose. One design element incorporated into Bitcoin is the use of integers , or whole numbers and their negative c

The new gasoline? Porsche-backed project aims to replace traditional gas

http://img.youtube.com/vi/4t1pWERFKfU/0.jpg https://www.youtube.com/watch?v=4t1pWERFKfU Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Meg Gentle, HIF Global executive director, joins the show to discuss her company's plan to produce a new kind of carbon-neutral e-fuel. Origina post from https://krakow3d.com/videos/the-new-gasoline-porsche-backed-project-aims-to-replace-traditional-gas.html

Binance US Pulls the Plug: Voyager Purchase Deal Falls Through

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https://krakow3d.com/wp-content/uploads/2023/04/binance-us-pulls-the-plug-voyager-purchase-deal-falls-through.jpg According to the now-defunct crypto lender Voyager, Binance US sent a letter to the company “terminating the asset purchase agreement.” While the announcement was “disappointing” for Voyager, the firm maintained that its customers would still be receiving their cash and crypto through a “direct distribution” via the Voyager platform. Voyager’s Asset Purchase Agreement With Binance US Scrapped Towards the end of 2022, Binance disclosed that its US subsidiary had entered into a billion-dollar agreement with Voyager Digital Ltd. to acquire its assets. Despite objections from the US Securities and Exchange Commission (SEC), the purchase was allowed to proceed after receiving court approval . However, on April 25, 2023, Voyager revealed that the deal was no longer moving forward. “Today we received a letter from Binance US terminating the asset purchase agreement. While this d

Bitcoin, Ethereum Technical Analysis: BTC Falls to $27,000 Ahead of US Consumer Confidence Report 

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https://krakow3d.com/wp-content/uploads/2023/04/bitcoin-ethereum-technical-analysis-btc-falls-to-27000-ahead-of-us-consumer-confidence-report.jpg Bitcoin remained close to a four-week low on Tuesday, as prices fell to a support point around $27,000. The decline came ahead of this afternoon’s U.S. consumer confidence report, which is expected to fall from 104.2, to a reading of 104 in April. Ethereum was also lower, and approached a breakout below the $1,800 level. Bitcoin Bitcoin ( BTC ) continued to trade near a one-month low, as markets prepared for the upcoming consumer confidence report in the United States. Following a high of $27,701.26 during yesterday’s session, BTC /USD fell to a low of $27,070.85 on Tuesday. This is the weakest point that bitcoin has fallen to since March 28, which is when it last traded below $27,000. BTC /USD – Daily Chart Looking at the chart, it appears that this drop took place as the relative strength index (RSI) moved back towards a floor at 41.00 At t