_{ECONOMIC NEWS}

Surge in Crypto Scams Since Trump's Election

Since Donald Trump's recent election victory, the cryptocurrency market has experienced significant growth, with Bitcoin surpassing $80,000. This surge has coincided with a notable increase in cryptocurrency-related scams.

Scammers are exploiting the heightened interest in digital assets by employing sophisticated tactics, including deepfake technology, to impersonate celebrities and political figures. These fraudulent schemes often involve fake endorsements and investment opportunities, luring victims into transferring funds under false pretenses. Read More.

_{FINANCIAL NEWS}

Is the U.S. Exploring a Gold-Backed Treasury Option?

Scott Bessent, the new U.S. Treasury Secretary, faces the challenge of managing trillions in government bond sales amid shifting global economic dynamics. Japan is battling a currency crisis, spending over $100 billion to stabilize the yen, while China is reducing its U.S. debt holdings, offloading $51.3 billion in Q3 2024 as part of its dedollarization strategy. Japanese investors also sold a record $61.9 billion in U.S. securities during the same period.

Amid this backdrop, a bold proposal has emerged: issuing ultra-long-term U.S. Treasury bonds backed by gold. Judy Shelton, an advisor from Trump’s first administration, advocates for a 50-year Treasury bond convertible to gold upon maturity, aiming for a potential launch on July 4, 2026. This idea aligns with growing global interest in gold, as central banks diversify reserves and BRICS nations integrate gold into their financial strategies.

With global gold demand reaching record highs and the UAE surpassing London as the second-largest gold trade hub, experts suggest the U.S. should act quickly to restore monetary integrity, positioning gold as a cornerstone for financial stability. Read More.