The European Union has unveiled groundbreaking sanctions directly targeting cryptocurrency transactions with Russian residents. This marks the first time digital asset platforms have been explicitly included in EU financial restrictions against Russia. The measures form part of the bloc’s 19th sanctions package announced on Friday, representing a significant escalation in financial pressure against Moscow.
about EU Targets Russian Crypto in New Sanctions PackageUrsula von der Leyen
0 posts last weekTrump’s 30% Tariffs on EU & Mexico: Bitcoin Impact?
President Trump has imposed 30% tariffs on the EU and Mexico, warning that any retaliation will result in equivalent increases. The move aims to address the US trade deficit, with the tariffs set to take effect on August 1. Bitcoin’s price has historically reacted to such trade tensions, dropping sharply in April after earlier tariff threats. After recovering to a new all-time high above $119,000, the market now watches to see if BTC will decline again or rise despite the tariffs. The letters to EU’s Ursula von der Leyen and Mexico’s Claudia Pardo emphasize ‘fair trade’ but threaten further escalation if countered.
about Trump's 30% Tariffs on EU & Mexico: Bitcoin Impact?European Markets Decline Amid Inflation Concerns and Economic Outlook
European stock markets closed lower, with Germany’s DAX down 3.5% and the pan-European Stoxx 600 experiencing its largest drop since August 2024, falling 2.2%. Unemployment in the euro area remained steady at 6.2%, but signs of softening labor demand are emerging. Meanwhile, shares of Aberdeen surged 10.5% after reporting higher profits and setting ambitious growth targets, while Continental’s shares fell 8% due to declining sales despite increased profits.
about European Markets Decline Amid Inflation Concerns and Economic OutlookSwitzerland’s Economic Challenges Amidst US Influence and EU Weakness
The EU’s inability to defend its members leaves Switzerland vulnerable, as it faces pressure from the U.S. under Trump, who is seen as exploiting European resources, particularly through agreements with Ukraine. The Swiss must prioritize national interests, cut spending, and refocus on local investments to maintain independence and prosperity.
about Switzerland's Economic Challenges Amidst US Influence and EU Weakness