China’s Outbound and Inbound Tourism Spending Rebounds During Chinese New Year Break with Ant Group’s Cross-Border Merchant Networks

Alipay Overseas Transactions Surpass 2019 Levels Hong Kong SAR Tops in Payment Volume as Outbound Tourism Rebounds Top Destinations for Chinese Travelers Alipay, the leading third-party mobile and online payment platform in China, has announced that its overseas number of transactions has surpassed 2019 levels. This surge in transactions is largely attributed to the rebound…

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Jupiter Asset Management Sells $2.5 Million in XRP Investment Due to Regulatory Concerns

Jupiter Asset Management Dumps $2.5 Million in XRP: Should Investors Worry? An Unexpected Move In an unexpected move, London-based Jupiter Asset Management (JUN), managing over $65.8 billion, had to sell a significant $2.58 million investment in Ripple’s XRP in the first half of 2023. Regulatory issues led to the cancellation of the investment, shedding light…

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Unlocking the True Value of Bitcoin: Insights from Mark Yusko on Calculating its Fair Worth

Unlocking the True Value of Bitcoin: Insights from Mark Yusko on Calculating its Fair Worth Morgan Creek Capital Management CEO Mark Yusko Predicts Bitcoin’s Future In the ever-changing world of cryptocurrency, Bitcoin continues to be a hot topic of discussion among investors, analysts, and enthusiasts. Recently, Mark Yusko, CEO of Morgan Creek Capital Management, shared…

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ECB’s Schnabel Urges Caution: Premature Policy Easing Could Fuel Inflation Amid Rising Wages

ECB’s Schnabel warns of premature policy ease amid wage-driven inflation pressures The impact of persistently low productivity growth on inflation In a recent speech, ECB Executive Board member Isabel Schnabel highlighted the concerning impact of “persistently low, and recently even negative, productivity growth” on inflationary pressures. Schnabel pointed out that the current strong growth in…

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