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Growing Links Between Middle East, Russia, China Pose Huge Challenge for US, Warns Former Treasury Secretary
17.4.2023
Former Treasury Secretary Lawrence Summers has expressed concerns that a rising number of countries, including China, Russia, and the Middle East, are aligning themselves and gaining global influence. “I think [it] is a huge challenge for the United States,” he cautioned. Larry Summers on Countries...
Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023
10.4.2023
After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of...
Mounting Trend of Challenges to USD Hegemony Reported: Saudi Arabia, BRICS; Ron Paul Weighs in on Potential Fall of Dollar as Reserve — Week in Review
9.4.2023
The United States dollar has been a hot topic in recent weeks, with multiple reported developments occurring globally which could signal significant moves toward de-dollarization in large economies. Former U.S. congressman Ron Paul also noted this week that if the USD’s influence as a reserve...
Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner
8.4.2023
China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet...
US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States
4.4.2023
After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent...
Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now
3.4.2023
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of...
Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status
29.3.2023
Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley has warned of “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. “That would mean the end of the U.S. dollar,” she said, predicting that “there would...
The Credit Suisse Buyout and the Lingering Risks to the Banking Sector
20.3.2023
Energy Giant Saudi Aramco Signs Agreement With droppGroup to Build Web3 Tech
20.2.2023
Saudi Aramco will explore co-developing blockchain-based technologies that could benefit its workers
First Mover Americas: Lido DAO’s Governance Token Jumps 17%
15.2.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
First Mover Americas: Bitcoin Posts Slight Gains Ahead of US CPI Data
14.2.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 14, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
First Mover Americas: Paxos Acts on SEC Threat
13.2.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 13, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Ground Handling Firm to Use a Blockchain Document Solution at 28 Saudi Airports
11.2.2023
The Kingdom of Saudi Arabia-based airport ground handling services firm, Saudi Ground Services, has said it plans to implement a blockchain-based document solution that allows it “to issue over 10,000 digital documents annually including licenses.” According to the firm’s Ayman...
First Mover Americas: Kraken's SEC Settlement Sends Crypto Markets Tumbling
10.2.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
First Mover Americas: Coinbase CEO Brian Armstrong Suggests SEC Could Ban Staking
9.2.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 9 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Saudi Arabia's Partnership with The Sandbox Paves the Way for This New Metaverse Project – Here's Why
9.2.2023
The Sandbox, a metaverse gaming platform, experienced a 30% surge at one point in its SAND token's price following the announcement of an MoU with the Saudi Arabia Digital Government Authority (DGA). SAND's price is currently up about 20% since February 6, as of writing, at $0.8477....
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Saudi Arabia partners with The Sandbox for future metaverse plans
8.2.2023
In a partnership ceremony at the LEAP 2023 conference in Saudi Arabia, the Sandbox entered into an MOU with the government of Saudi Arabia for future metaverse development
First Mover Americas: The Sandbox Is Up on Saudi Arabia Partnership News
8.2.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 8 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases
27.1.2023
Saudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and fintechs, is presently focused on domestic wholesale uses cases, the central bank has said. Meanwhile, the Saudi Minister of Finance has said CBDCs can be...
Today in Crypto: Digital Surge Saved from Bankruptcy Following FTX Collapse, Circle Blames US SEC for Failed Merger, Celsius Mulling Issuance of a New Token
25.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Digital Surge Saved from Bankruptcy Following FTX Collapse, Circle Blames US SEC for Failed Merger...