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Bridgewater Associates founder Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to talk.” The billionaire added that their relations “are getting so bad” that U.S.-China trade could collapse. He cautioned that the next 18 months “will be a very risky period.” U.S. and China on the Brink of War, Says Dalio Ray Dalio, the founder of the world’s largest asset manager, Bridgewater Associates, warned in a Linkedin post, published Wednesday, that the U.S. and China are on the brink of war. The billionaire, who has visited China for almost 40 years and has built close friendships there, shared his perspectives from his recent 13-day trips to China, as well as from meetings with Chinese citizens, experts on China residing outside the country, and policymakers in other countries, including the U.S. Regarding U.S.-China relations, Dalio stressed: The United States and China are on the brink of war and are beyond the ability to talk. He ...

The UK Treasury is seeking input on taxing the DeFi space, and on provisions around staking and lending. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The taxation arm of His Majesty’s Treasury in the United Kingdom has proposed new regulatory changes to simplify how DeFi returns are taxed and reduce the “administrative burden” for taxpayers. A DeFi options protocol has raised $17 million for a buy-side marketplace and an expanded number of listed tokens. USD Coin (USDC) issuer Circle launched a cross-chain USDC transfer protocol between Ethereum and Avalanche. Ordinals Finance, an Ethereum-based DeFi protocol, allegedly rug-pulled its users for over a million dollars and erased its presence from all social media platforms as news about the same broke out. The top 100 DeFi tokens by market capitalization had another mixed week in terms of price ...

Watcher Guru reached out exclusively to NOWNodes, the firm that’s building access to the Shibarium full nodes to integrate the on-chain data into the upcoming layer-2 network. NOWNodes confirmed that more than 300 business enterprises and corporate developers have shown interest in Shiba Inu’s Shibarium services. The enterprises and corporates are mostly trading platforms and payment solutions that want to build on Shibarium . “More than 300 enterprises and corporate developers have shown interest in Shibarium services on our side,” said NOWNodes exclusively to Watcher Guru. Also Read: If You Invest $1,000 & Shiba Inu Deletes a Zero, How Much Money Could You Make? When pressed about more details on the enterprises and corporates, the spokesperson for NOWNodes said, “These projects are mostly trading platforms and payment solutions”. However, the spokesperson refused to give out the names of the corporate firms as the developments are still under work. If you s...

Join Our Telegram channel to stay up to date on breaking news coverage Meta platform CEO Mark Zuckerberg has announced it is making significant progress on its AI initiatives which are helping the company boost traffic to social media channels and earn more in ad sales. Facebook AI Announcement Boosts Shares With Promises of More to Come Meta, an industry leader in technology and the parent company of Facebook, Instagram, and WhatsApp, announced on Wednesday that its in-house AI tool is showing great progress by increasing social media platform traffic and boosting ad sales. As detailed in a Reuters report, the tech and communication giant CEO Mark Zuckerberg expressed his bullish thoughts on artificial intelligence (AI) as a key player behind forecasted new quarterly revenue, which is well above initial analysts’ expectations. Hours after the announcement, Meta shares spurted by a 12% increase, adding over $50 billion to its previous market value and an additional two ...

On Thursday, April 27, Crypto.com unveiled its partnership with technology conglomerate Samsung. Via the tie-up, the most recent Crypto.com app update, Version 3.158.1, will be featured on Samsung Galaxy Z Fold devices. According to the official statement, the advanced app features will foster “increased productivity” and “multitasking.” That will ultimately deliver “enhanced trading and analysis capabilities.” Kris Marszalek, the co-founder and CEO of Crypto.com took to Twitter to exclaim, “Proud and excited to be working with Samsung to drive global crypto adoption together.” We've collaborated with @Samsung to empower #Web3 communities with the best smartphone experience in the market. Advanced app features on Galaxy Z Fold devices will enable increased productivity and enhanced trading & analysis capabilities. Learn more: https://t.co/I56xy575jH pic.twitter.com/MZ5pa7kQ6i — Crypto.com (@cryptocom) April 27, 2023 Also read: Shiba Inu’s BONE Bags a Listing on...

Hedera’s Growing DeFi Activity Pangolin, which describes itself as a multichain decentralized digital assets exchange, just made the announcement that it has surpassed $8 million in TVL; $3 million out of which took place in the past four days. According to Defillama, Pangolin has seen a rise of 6% in the past 24 hours while witnessing a staggering 170% jump in the past seven days. advertisement Read More:  Check Out The Top 10 DeFi Lending Platforms Of 2023 After a successful third quarter, Hedera ’s fundamentals have continued to show signs of improvement. During the last three months, not only TVL but also the transfer volume and transaction count for Hedera both climbed by 123% and 70%, respectively. In addition to these, Hedera benefited from the launch of a number of projects, such as Zoop, Clout.art, Numbers & RoadCode, and a great deal of other businesses. Hedera (HBAR) Price Action ...

USDC Issuer Circle CEO Hints At US Exit Amid Regulatory and Banking Woes The market cap of USDC stablecoin tumbled to $30.6 billion today, continuing its fall since mid-2022. While USDC is falling, the market cap of other stablecoins such as Tether (USDT) recovered above $81 billion amid the market rally this year. During an interview on Bloomberg Television on April 26, Circle CEO Jeremy Allaire said: “We are seeing a huge amount of concern globally about the US banking system. We are seeing concern about the regulatory environment in the US.” USDC stablecoin reserves are majority backed by US treasuries and cash deposits. The USDC depegged to the US dollar during the banking crisis after US regulators closed three crypto-friendly banks Silvergate, Silicon Valley Bank, and Signature under Operation Choke Point 2.0. Trending Stories ETH Price Prediction: New Recovery Cycle in Ethereum Price Hints a 10% Rally Ahead 24/7 Cryptocur...

According to a recent report, former Congressmen Tim Ryan of Ohio and David McIntosh of Indiana are leading a non-partisan effort to promote the benefits of Bitcoin. The two former representatives will head BPI Action, an advocacy group tied to the Bitcoin Policy Institute to educate policymakers and the public about Bitcoin’s economic and social advantages and other digital innovations. With their new roles, Ryan and McIntosh will spearhead a push to rally support for Bitcoin on Capitol Hill. The advocacy group they will lead will work to increase awareness of the advantages of using Bitcoin, such as increased security and reduced transaction fees. Familiar sources suggest that by bringing their combined political experience and expertise to the table, Ryan and McIntosh aim to help policymakers and the public better understand the potential of Bitcoin and other digital innovations to drive economic growth and social progress. Former Congressman Tim Ryan, a Democra...

Join Our Telegram channel to stay up to date on breaking news coverage Without a doubt, there is a lot of interest in the novel meme coin initiative Love Hate Inu, as evidenced by its LHINU token presale. The milestones are being accomplished one after another, and that’s why it is abundantly obvious that the future of this project is extremely promising. Love Hate Inu Exceptional Presale One of the most popular cryptocurrencies of the first quarter of 2023, Love Hate Inu has gained a lot of attention online and has even been covered by a number of mainstream media publications. That’s why, despite only being live for a short time, the new project has already raised more than $6.8 million in its LHINU token presale. Each subsequent stage of the presale results in a price increase, which is why it’s essential to get in early. The current presale period has less than ten days left. The cost of the LHINU token will rise from $0.000135 to $0.00145 when it conclu...

Apr 25, 2023 at 08:30 // News Author Nina Lyon Venezuelan authorities demanded that cryptocurrency exchanges and mining companies stop all their business activities. According to reports, the government decided to take this measure due to the investigation into a massive corruption case that could lead to about $20 billion flowing out of the country. The accused are several politicians close to President Nicolas Maduro and people from the administration of Petroleos de Venezuela, the state-owned oil and gas company that is one of the largest hydrocarbon exporte...

Ethereum Price Prediction: In the weekly time frame chart, the Ethereum price shows a clear failure of coin buyers to sustain above the $2000 mark. The technical chart displaying a bearish piercing candle pattern at a $2000 breakdown indicates a higher possibility for price reversal. This potential correction may offer a pullback opportunity if the ETH price manages to replenish bullish momentum at reclaimed levels. advertisement Key Points:  With sustained selling the Ethereum price is poised for a 10% downfall to hit the $1700 mark The $1700 accompanied by several other technical levels created a strong accumulation zone. The intraday trading volume in Ether is $6.7 Billion, indicating a 30% loss. Source- Tradingview Amid the increasing selling pressure in the market, Ethereum price formed a local top at $2125 and reverted lower to start a new correction phase. In the last five days, the ETH’s market value dropped 12% and it c...