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The massive 50% tariffs that were set to hit EU imports have been paused after President Donald Trump agreed to delay his threat until July 9. This latest Trump tariff threat was supposed to devastate European exports starting June 1, but following what European Commission President Ursula von der Leyen described as a “very nice call” with Trump on Sunday, the deadline has been extended. The move also prevents immediate market volatility and gives both sides crucial time to hammer out a deal. Right now, the situation where 50% tariffs paused EU negotiations offers some hope for avoiding what could have been a devastating trade war between two economic superpowers. Also Read: De-dollarization: Trump’s 10% Tariffs Fuel Fragile US Dollar Future in Asia 50% Tariffs Paused EU Sparks Market Volatility And Regulatory Uncertainty Source: Reuters Diplomatic Breakthrough Prevents Immediate Escalation The breakthrough that led to 50% tariffs paused EU came through some pretty intense d...

There is a legend that in 1973, US president Richard Nixon and secretary of state Henry Kissinger made a secret deal with Saudi Arabia to price oil excl US ively in dollar s, th US pegging the currency to oil and birthing the petro dollar . According to the myth, the US provides military protection for Saudi Arabia’s oil fields in exchange for the kingdom’s role in enforcing US dollar hegemony over the world’s most valuable commodity market. Supposedly, the country’s sovereigns signed a 50-year petrodollar pact on June 6, 1974, which expired on or around June 9, 2024. If that were true, this week would be one of the most historic weeks in the history of the US dollar. It should be primed for an immediate crash, according to the theory, to the immediate benefit of emerging currencies. Some articles go so far as to claim, “Crown Prince Mohammed bin Salman has informed the Saudi government that the country will no longer accept US dollars for oil transactions.” Yes, there are peopl...

Cardano and FLOK trade sideways, although a price rally is on the horizon. NuggetRush is a new and emerging altcoin buzzing with potential. Some analysts are tipping it for a 100x upswing after its launch. The market hit a snag towards the end of the first quarter, surprising newbies. With the market yet to regain the levels last seen when Bitcoin (BTC) trade d at its new all-time high (ATH), Cardano (ADA) and FLOKI (FLOKI) have been trading sideways . Meanwhile, flying under the radar is a new gem and one that some analysts have pegged as one of the potential 100x tokens: NuggetRush (NUGX). This presale token has been hailed among the hottest P2E memecoins by some investors, boasting one of the most immersive and thrilling Web3 games and strong memetic appeal. On the cusp of exploding, many analysts believe it could be among the best cryptos to buy now, ahead of its launch. NuggetRush (NUGX): a new P2e MEMECOIN NuggetRush (NUGX) is a novel P2E memecoin st...

Despite coming up short of his goal, crypto trader Thomas Kralow said the crypto-funded expedition was all about two things: “Bitcoin and happiness.” A Bitcoin proponent’s recent attempt to crypto trade his way from New York to Alaska has come to a sudden and bitter end — some 900 miles from his final destination.  Thomas Kralow, a crypto trade r and educator recently set himself the daring task of traveling from one side of the United States to the other funded solely by trading crypto. On Aug. 12, Kralow set out from New York with his assistant Ilya and an initial budget of $5,000 cash. The pair forked out some cash for a dinged-up Mercedes and set up a Starlink antenna on the back of the vehicle — with fast internet being a requirement for quick trade s — leaving them with just $2,500 to trade their way to Alaska. Unfortunately for Kralow, he never made it to his final destination — with his cheap vehicle grinding to a permanent halt in Seattle, just 12 days after starting the j...

The seventh edition of JPMorgan's e-Trading Edit asked 835 institutional traders about their plans for trading digital assets in 2023, among other topics. A whopping 72% of institutional e-traders have signaled “no plans to trade crypto/digital coins” in 2023, according to a new survey conducted by JPMorgan. The seventh edition of JPMorgan’s e-Trading Edit surveyed 835 traders from 60 different “global locations” about the technical developments and macroeconomic factors that will influence trading performance in 2023. The survey was conducted between Jan. 3 to Jan. 23, 2023. The survey revealed hesitation among traders around digital assets. Only 14% of respondents said they will either continue to trade in the digital asset market or begin trading this year.  The remaining 14% of respondents, said they didn't plan on investing this year but may do so within the next five years. 92% of the institutional traders surveyed by JPMorgan did not — at the time of the survey — have...