Financial Intelligence

Russian Firms Adopt Stablecoins In Cross-Border Transactions With Chinese 1

Russian Firms Adopt Stablecoins In Cross-Border Transactions With Chinese

May 31, 2024 No Comments

After several Russian banks were barred from the SWIFT messaging system, Russian firms have started adopting the stablecoin USDT from Tether Holdings Ltd. in cross-border transactions with Chinese businesses. Following the revelation in a recent Bloomberg report that Russian commodities companies are using fiat-pegged digital currencies to conduct cross-border transactions

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Wall Street Sees Ethereum Hitting $14,000 In 2025 1

Wall Street Sees Ethereum Hitting $14,000 In 2025

May 31, 2024 No Comments

Wall Street anticipates Ethereum reaching $14,000 by 2025, as BlackRock’s dominance in cryptocurrency ETFs grows, with Larry Fink shifting focus to tokenizing ether following recent approval of a spot ETF. Just over a week after Grayscale CEO Michael Sonnenschein abruptly resigned amid persistent, relentless outflows (thanks to GBTC’s 1.5% in

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60% Of Greeks Live In Fear About Their Financial Future 1

60% Of Greeks Live In Fear About Their Financial Future

May 27, 2024 No Comments

According to survey data conducted by Statista’s Consumer Insights, 60% of Greeks live in fear about their financial future. In light of the recent spike in inflation and the cost of living crisis, many households are beginning to examine their bank balance with anxiety. Survey results from Statista’s Consumer Insights

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The Start Of De-Dollarization: China's Move Away From The USD 1

The Start Of De-Dollarization: China’s Move Away From The USD

May 26, 2024 No Comments

Recent findings from the Hinrich Foundation indicate that China’s shift away from the USD signifies the commencement of de-dollarization. Furthermore, data reveals that the percentage of settlements conducted in RMB has now exceeded those in USD. Like many other nations, China has settled the majority of its cross-border payments in

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1 In 7 American Kids Live In Poverty 1

1 In 7 American Kids Live In Poverty

May 26, 2024 No Comments

According to the Children’s Defense Fund, U.S. Census Bureau figures reveal that 1 in 7 American kids live in poverty, with over 11 million affected in 2021 due to caregiving costs, single parenthood, unemployment, and family disabilities. According to U.S. Census Bureau figures released by the Children’s Defense Fund, over

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Vaccine Stocks Erupt After Bird Flu Cases Reported In US & Australia 1

Vaccine Stocks Erupt After Bird Flu Cases Reported In US & Australia

May 25, 2024 No Comments

Bird flu cases in the US and Australia spark a surge in vaccine stocks. The discoveries, including a mild case in Michigan and Australia’s first, raise concerns about potential human-to-human transmission and the need for further research. Following two reports of human bird flu infections—one in the US and the

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The Income A Family Needs To Live Comfortably In Every US State 1

The Income A Family Needs To Live Comfortably In Every US State

May 25, 2024 1 Comment

According to SmartAsset, which calculated the income a family needs to live comfortably in every US state using the MIT Living Wage Calculator, Massachusetts is the most costly state to live comfortably, and Mississippi is the cheapest. To live comfortably, a family in the five most expensive states in the

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