Author: Steven Sahiounie

New AI powered meme generation tool AiDoge.com has now passed the $10 million mark in its ongoing presale, now over 70% complete. The meme coin project, which introduces crypto’s first meme-to-earn model, has been generating a buzz in the crypto space. It is raking in funds at a brisk pace, having raised $10,136,059 at the time of writing. And by passing the $10 million milestone the presale has jumped into its 15th stage, meaning the price of AiDoge’s native crypto token $AI is now $0.0000316. Crucially, the presale has less than a third of its target left to raise, which means interested crypto…

The Kuwaiti newspaper Al-Anbaa said, “Citizens and residents traveling from Kuwait abroad, accompanied by gold bars, must obtain a statement issued regarding these bars from the Air Cargo Customs Administration.” And the newspaper stated, quoting an informed source, that it has become noticeable that large quantities of gold have left with travelers during the recent period. And the newspaper added that traveling with gold bars has only one meaning: that the traveler who carries them has turned the value of his money into gold; This is a matter that must be dealt with customs in the context in force in order…

The economic value of the country’s largest single deposit of the precious metal is estimated at almost $28.5 billion Chinese state-run gold producer Shandong Gold Mining announced on Friday that its controlling shareholder had discovered an additional 200 tons of gold resources at the Xiling gold mine in Laizhou in Shandong Province in eastern China. The discovery brings the total cumulative gold reserve of the mine to 580 tons, making it the country’s largest deposit of the precious metal, with an estimated economic value of 200 billion yuan ($28.5 billion). The Xiling gold mine is nearly 2,000 meters long and…

Italy is moving ahead with a sovereign fund to support critical parts of its economy, amid a wider push by several European nations to bring global supply chains closer to home. Italy’s Minister of Enterprises Adolfo Urso announced Wednesday a public-private fund that looks at consolidating “national strategic supply chains” in the areas of raw materials and energy. A diplomatic source in Italy confirmed to CNBC that only high-potential or systemically relevant firms will receive funding. They added that this plan is expected to pass through Parliament before the end of the year. The announcement comes after Ireland, another EU…

Federal Reserve Chair Jerome Powell said Friday that stresses in the banking sector could mean that interest rates won’t have to be as high to control inflation. Speaking at a monetary conference in Washington, D.C., the central bank leader noted that Fed initiatives used to deal with problems at mid-sized banks have mostly halted worst-case scenarios from transpiring. But he noted that the problems at Silicon Valley Bank and others could still reverberate through the economy. “The financial stability tools helped to calm conditions in the banking sector. Developments there, on the other hand, are contributing to tighter credit conditions and are likely to weigh…

The U.S. Federal Reserve may be forced to defy market expectations by raising interest rates aggressively again later this year if sticky inflation and tight labor markets persist, according to Daniele Antonucci, chief economist and macro strategist at Quintet Private Bank. Having hiked by 25 basis points to take the fed funds rate into the 5%-5.25% target range earlier this month, the market is pricing around a 60% probability that the central bank pauses its monetary tightening cycle at its June meeting, according to the CME Group’s Fed Watch tracker of prices in the fed funds futures market. The Fed has been hiking rapidly…

Kiev wants the Black Sea grain deal to be expanded to include more ports and commodities Ukraine will let Russian ammonia pass through its territory only if the renewed Black Sea grain deal allows the country to ship other commodities from more ports, Reuters reported on Friday, citing government sources. This is the first response by Kiev to Moscow’s demand to include ammonia shipments under the agreement. In April, Russian Foreign Minister Sergey Lavrov issued Moscow’s demands that a pipeline built to deliver Russian ammonia to a Ukrainian Black Sea port be unblocked, and the financial operations of Russian fertilizer companies be…

The volume of mutual trade in agricultural and food products between Russia and Saudi Arabia doubled between January and April, according to the Russian Ministry of Agriculture. The statement was made following a meeting of the ministry’s head, Dmitry Patrushev, with the governor of the Saudi General Food Security Authority, Ahmad Al-Faris. “This year, the positive dynamics continue, while in four months the volume of mutual trade has already more than doubled,” the statement read. The Russian ministry reported that trade turnover in agricultural and food products reached record highs in 2022. About 70% of that trade was in grain, and…

The US Democratic Party candidate has hailed the cryptocurrency as a symbol of democracy and freedom Robert F. Kennedy Jr. will become the first presidential candidate in US history to receive campaign contributions and donations in Bitcoin, according to an announcement on Friday. Kennedy Jr. shared his own experience with the virtual currency, warning that the technology could enable government totalitarianism across the world. He pledged to protect the rights of Bitcoin users if elected. “As president, I will make sure that your right to hold and use bitcoin is inviolable,” Kennedy Jr. said at the Bitcoin 2023 conference. “I am an…

Russian Prime Minister Mikhail Mishustin will pay an official visit to China on May 23-24, the Russian government press service said Friday. “Mikhail Mishustin is scheduled to meet in Beijing with Chinese President Xi Jinping and hold talks with Premier Li Qiang of the State Council of the People’s Republic of China,” a statement from the Russian government said. Regarding the topics to be discussed during the visit, the statement indicated that current issues of Russian-Chinese cooperation in the trade and economic fields will be discussed, and special attention will be paid to cooperation in industry, energy, transport infrastructure, agriculture…