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blog bitcoin could be 28 6 21

Bitcoin Could be a Legal Tender at Mexico’s Banco Azteca

A new trading week begins today for global markets. After an eventful weekend for the cryptocurrency markets, Bitcoin is hovering around $34,455 at the time of writing. Certain events during the weekend have caused volatility in cryptocurrencies. In particular, the


blog china starts cutting 25 6 21

China Starts Cutting Fiscal Stimulus as the Fed Mulls Over it

Yesterday, the People’s Bank of China (PBOC) raised the short-term cash rate for the first time since March. The gesture marks a shift in the economic approach to the post-COVID19 recovery. While the Federal Reserve (Fed) continues to debate how


blog antitrust laws 24 6 21

Antitrust Laws may Put US Tech Giants in the Law’s Crosshairs

Yesterday, the US markets closed the trading session with little changes. The S&P 500 closed down 0.1% while the Nasdaq reached another record high thanks to Tesla’s rally. The Nasdaq could be affected if a series of U.S. antitrust measures


blog bitcoin recovers from 23 6 21

Bitcoin Recovers from Dramatic Fall Below $30,000

Bitcoin extended gains during today’s Asian trading session, rebounding from a fall below $30,000. The digital coin is trading at $34,154.70 at the time of writing. During Tuesday’s US trading session, Bitcoin fell 12% and was trading at $28,824 –


escalates crypto crackdown

Bitcoin Keeps Plunging After China Escalates Crypto Crackdown

The price of Bitcoin and other cryptocurrencies plunged on Monday as China’s central bank gathered officials from the country’s biggest banks and payment processors to recap on a cryptocurrency services ban and to instruct them to adopt a more active


blog taxes to be imposed 21 6 21

Taxes to be Imposed on Multinational Companies

The G7 reached an agreement to tax multinational companies on foreign earnings, allowing governments to impose taxes on US tech giants such as Amazon and Facebook. The details of the pact have yet to be determined, but the agreement reached


blog gold experiences slight rise 18 6 21

Gold Experiences Slight Rise, WTI hovers around $70

Yesterday, US markets closed with slight declines in major indices such as the Dow Jones and the S&P 500. In contrast, the Nasdaq rose 0.9% on the back of gains in technology stocks. In this morning’s Asian session, the S&P


blog no elcectrifying atmosphere 17 6 21

No “Electrifying” Atmosphere for Biden & Putin, Interest Rates Could Rise

Yesterday, in Geneva, after his meeting with the Russian president Vladimir Putin, the US president Joe Biden said, “There is no substitute for a face-to-face meeting between leaders.” The US President described the meeting as “good”, “positive” without an “electrifying”


blog us & russia's leaders 16.6.21

US & Russia’s Leaders Participate in “Critical” Meeting

Today, U.S. President Joe Biden is meeting with Russian President Vladimir Putin in Geneva. Mr. Biden’s agenda includes topics such as Russia’s opposition repression, the nation’s tense relationship with Ukraine, its meddling in foreign elections, human rights, spying, and recent