Ray Dalio, a renowned investor and founder of Bridgewater Associates, shares his investment preferences, stating that while he has a small portion of his portfolio in cryptocurrency, he still favors gold. In a recent interview, Dalio highlighted concerns about crypto, such as privacy issues and its uncertain status as a hedge against inflation. He believes ...
A member of Russia’s State Duma has suggested establishing a national Bitcoin reserve, aiming to use cryptocurrency to combat economic sanctions and achieve financial stability. This proposal, introduced by Anton Tkachev, comes after President Putin’s positive remarks about Bitcoin. Tkachev believes that a Bitcoin reserve could serve as a safeguard against inflation and currency instability, ...
A Russian lawmaker, Anton Tkachev, has proposed the establishment of a national Bitcoin reserve aimed at protecting the country against sanctions and geopolitical challenges. According to Tkachev, cryptocurrencies, particularly Bitcoin, can serve as essential tools for international trade, especially for countries facing similar sanctions. He highlighted the vulnerabilities of traditional foreign exchange reserves to economic ...
El Salvador is moving towards a $1.3 billion loan deal with the IMF, which may give businesses the option to accept Bitcoin instead of making it mandatory. This shift follows pressure from the IMF due to concerns about financial stability. The country aims to reduce its budget deficit and enforce anti-corruption measures as part of ...
El Salvador is in talks with the International Monetary Fund (IMF) to secure a $1.3 billion loan that may lead to significant changes in its Bitcoin law, which made the cryptocurrency legal tender in 2021. While this loan could help stabilize the economy and unlock additional funding, it may also require the country to make ...
Texas legislators are taking a significant step in reshaping the financial landscape by proposing bills to create a state-backed digital currency redeemable in gold and silver. Introduced by State Representative Mark Dorazio, these bills—House Bill 1049 and House Bill 1056—aim to offer Texans a stable monetary alternative to the traditional federal currency. This digital currency ...
Egypt’s credit rating has been upgraded by Fitch Ratings for the first time since 2019. This upgrade comes as the country continues to recover from two years of economic crisis, bolstered by a $57 billion global bailout. This positive change signals growing confidence in Egypt's economic stability.
Goldman Sachs CEO highlighted the resilience of the US economy and a positive outlook for dealmaking in a recent interview. However, he also voiced concerns about the escalating conflict in the Middle East.
Grupo Aeromexico SAB is looking to raise up to $1.1 billion in the international debt market. The funds will be used to refinance existing notes as the Mexican airline aims to strengthen its financial position.
Boeing Co. has announced a massive nearly $19 billion share sale, marking one of the largest by a public company. This move aims to tackle the company’s urgent liquidity issues and avoid a potential downgrade to junk status for its credit rating.
