Donald Trump’s victory in the 2024 presidential election has unleashed a remarkable surge in Bitcoin wealth, giving rise to more than 11,000 new Bitcoin millionaires. This phenomenon unfolded on November 6, when the number of Bitcoin wallets holding resources equivalent to or exceeding $1 million jumped from 121,061 to 132,842 within a single month. Such […]
Russia Commits to Developing Domestic Payment System to Counteract Sanctions
In response to ongoing sanctions impacting its trade relationships, Russia has initiated the development of a domestic payment system aimed at fostering independent international transactions. Prime Minister Mikhail Mishustin announced this significant step at the recent Moscow Financial Forum, framing it as a pivotal move for the country’s trade sovereignty. This initiative highlights Russia’s desire […]
Brazil Imposes New Tariffs on Chinese Imports Amidst Diplomatic Dynamics
In a strategic move that reflects its evolving economic landscape, Brazil has announced new tariffs on imports from China, underscoring the complexities of international trade and diplomacy. This decision comes amid rising tensions over trade practices and aims to protect domestic industries facing significant competition from Chinese products. The Brazilian government has implemented a 35% […]
Argentina Looks to Bitcoin as El Salvador's President Shares Crypto Advice
In a significant meeting in Buenos Aires, El Salvador’s President Nayib Bukele met with Argentina’s President Javier Milei to discuss shared economic challenges and the role of cryptocurrencies in their respective economies. The implications of their discussions could signal a shift in Argentina’s financial strategies, particularly as it explores the potential of Bitcoin. President Bukele […]