The Dollar’s Dominance is Under Threat

The US is facing a potential challenge to the dollar’s dominance in global finance. Treasury Secretary Janet Yellen has warned that America’s heavy reliance on sanctions is pushing countries to look for ways to do business without using the dollar. Sanctions Backfire? Yellen explained that the US’s ability to freeze assets of countries through sanctions…

Read More

Big Banks Hit Hard by Unpaid Debts

Big banks in the US are facing a major financial headache: customers are struggling to pay back their loans. Big Losses for Big Banks Bank of America, Citigroup, and Goldman Sachs have all reported billions of dollars in losses due to unpaid debts. Citigroup, for example, saw a whopping $2.28 billion in bad debts in…

Read More

Telegram’s New App Store: A Gateway to Web3

Telegram, the popular messaging app, is getting a major upgrade with a new mini-app store and support for Web3 pages. This means you’ll be able to access a variety of apps and services directly within Telegram, making it even more versatile. A Web3 Hub Telegram founder Pavel Durov sees 2024 as the year blockchain technology…

Read More

Ethereum is on the Rise: Could it Hit $3,659?

Ethereum (ETH) is looking strong right now. It’s been steadily climbing above its trendline, which suggests it’s ready for a big move. Ethereum’s Bullish Momentum The price of ETH is currently trading around $3,500 and has been gaining value. It’s already broken through the $3,360 resistance level and is now aiming for the $3,659 mark….

Read More

Shiba Inu Takes a Dig at Microsoft After Global Outage

Microsoft’s Big Problem Microsoft had a huge IT problem recently, causing a global shutdown that affected businesses and people all over the world. This happened because of a glitch in a cybersecurity platform called CrowdStrike. The outage impacted important things like the London Stock Exchange, airlines, banks, and even doctors’ offices. The Decentralized Advantage This…

Read More

Money Market Funds Are Booming, Leaving Banks in a Bind

Investors are ditching traditional bank accounts for higher-yielding money market funds, causing a big headache for major banks like Wells Fargo, Bank of America, and Citi. The Great Money Market Migration People are tired of their savings accounts earning next to nothing. They’re now pouring their money into money market funds, which are currently offering…

Read More