Senator Cynthia Lummis has unveiled a groundbreaking legislative proposal aimed at revolutionizing the U.S. financial landscape. Dubbed the "BITCOIN Act of 2024," this ambitious bill seeks to establish a federal Bitcoin reserve, positioning the United States at the forefront of digital asset innovation. Overview of the BITCOIN

In a recent announcement, Paolo Ardoino, the CEO of Tether, the issuer of the USDT stablecoin, revealed that the company is in the process of developing a groundbreaking new product. Ardoino emphasized that this upcoming service will become a critical component of Tether’s “futuristic ecosystem.” Although Ardoino did not

China and Russia Overcome Payment Issues, Boosting Trade in June by 5.1 Percent Chinese exports to Russia experienced a notable increase of 5.1 percent year-over-year in June, reaching a total of 70.23 billion yuan, according to a report by RBC. This marks the second consecutive month of

Introduction In a landmark decision, an Illinois court has officially declared Bitcoin (BTC) and Ethereum (ETH) as commodities. This ruling, announced by Rostin Benham, Chairman of the Commodities and Futures Trading Commission (CFTC), during a U.S. Senate committee hearing, effectively concludes the ongoing dispute between the CFTC and its

As the trade and economic ties between India and Russia continue to evolve, a significant challenge has come to the forefront—the issue of trade imbalance. This concern was highlighted by Vinay Kwatra, the First Deputy Minister of India's Ministry of External Affairs, during a statement about the

Hong Kong significantly increased its purchases of Russian gold in May, buying almost 60 times more than in April, reaching a total of $750 million—the highest amount since October of the previous year. This surge in imports marks a notable rebound from earlier in the year when there were