Gallup, Inc., a Washington, D.C.-based analytics and advisory company, has released its latest poll on long-term investments. The survey, conducted from April 3 to April 25, 2023, features responses from 1,013 adults aged 18 and older residing in the United States. The poll covers various investment options such as real estate, gold, stocks, bonds, and
Bitcoin
The 42nd ASEAN Summit was held in Labuan Bajo, Indonesia, on May 10-11, with the leaders of the Association of Southeast Asian Nations (ASEAN) in attendance. The summit was chaired by H.E. Joko Widodo, president of Indonesia, and the members of ASEAN include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. The
The Bolivian government is contemplating using the Chinese yuan to replace the US dollar for international trade settlements. Bolivian President Luis Arce has directed the central bank to conduct research on whether the recent use of the Chinese currency in Brazil and Argentina could be applicable to Bolivia. In a meeting with journalists, Arce revealed
Around a year ago on May 8, 2022, Tether’s market capitalization reached its all-time high of $83.279 billion. During this period, Terra’s stablecoin, Terrausd (UST), became unpegged from its $1 parity. This event resulted in a decline in Tether’s market valuation. Tether’s market cap hit a low of $65.36 billion on November 24, 2022, leading
After a period of high congestion, bitcoin miners have finally reduced the backlog of transactions. According to Bitcoin.com News, unconfirmed transactions have dropped from over 500,000 on May 7 to just above 300,000 on May 11. This indicates the beginning of the congestion-clearing process. Reduced Fees Statistics from mempool.io show that onchain fees on the
The United States Internal Revenue Service’s (IRS) criminal investigation division is intensifying its collaboration with foreign counterparts to identify individuals and entities evading Western sanctions. The agency is working with blockchain forensics firm Chainalysis and Ukrainian investigators to track Russians who may be using cryptocurrencies to conceal their assets amid financial restrictions imposed over Moscow’s
Janet Yellen, the US Treasury Secretary, has announced that the Group of Seven (G7) members are discussing ways to respond to China’s use of “economic coercion” against other countries. Speaking at a press conference in Niigata, Japan, ahead of the G7 meeting of finance ministers and central bank governors, Yellen expressed the US’s concern about
The US central bank, Federal Reserve (Fed), raised the federal funds rate to 5.25% on May 3, 2023, after a quarter-point rate hike. Fed chair Jerome Powell highlighted that inflation was still a major concern, and the Fed’s goal was to bring down the current inflation rate of 4.9% to the target of 2%. Even
A statement from China’s Ministry of Foreign Affairs has confirmed that State Councilor and Foreign Minister Qin Gang held talks with French Minister for Europe and Foreign Affairs Catherine Colonna during a visit to Paris last week. The two officials discussed the recent state visit by French President Emmanuel Macron to China, which both sides
Solana (SOL) experienced a surge in price over the weekend, rising by as much as 5%. After hitting a low of $19.81 on Friday, SOL/USD rebounded to an intraday peak of $21.25 on Saturday. The rebound occurred after solana hit an interim floor at $19.90, which has acted as a last line of defense since