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  • 24h Vol: $84,979,829,884.88
  • BTC Dominance: 55.66%

Brazil

saudi-arabia-strengthens-bond-with-china-by-joining-sco-bloc-as-dialogue-partner

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

Leave a Comment / Africa, alliances, beijing, Bitcoin, Brazil, brics, Central Intelligence Agency, China, CIA, consulates, Crown Prince Mohammad bin Salman, Crypto Hacked, Cryptocurrency, Economics, embassies, Ethereum, Eurasian states, foreign trade policy framework, India, Iran, Kazakhstan, King Salman bin Abdulaziz Al Saud, Kyrgyzstan, liquefied natural gas, LNG, oil production, opec, Organization of the Petroleum Exporting Countries, pakistan, reserve currency, rupees, Russia, Russian Federation, Saudi Arabia, SCO, Shanghai Cooperation Organization, South Africa, State Duma, Tajikistan, trade deals, United States / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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 approved the decision to become a dialogue partner. The Cabinet’s decision […]

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latam-insights-—-alliance-against-inflation,-btg-pactual-launches-stablecoin,-and-argentina-debuts-new-dollar

Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar

Leave a Comment / Andres Manuel Lopez Obrador, Argentina, Bitcoin, Brazil, BTG pactual, Crypto Hacked, Cryptocurrency, Dollar, Ethereum, inflation, Latin America, Mexico, News, report, Stablecoin, Venezuela / / / , , , , , , , , , , ,

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Latin American nations ink an agreement to reduce inflation, Brazil-based BTG Pactual launches its own dollar-pegged stablecoin, and Argentina launches yet another dollar exchange rate. Latin American Nations Sign Pact

Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar Read More »

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US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States 

Leave a Comment / alliance, Biden Administration, Bitcoin, Brazil, BRICS countries, China, China Saudi government, climate change, crown prince Mohammed bin Salman, Crypto Hacked, Cryptocurrency, Currency, diplomacy, economic policy, Economics, Energy, energy transition, environmental policy, Ethereum, Finance, fossil fuels, Global Trade, green technology, India, international relations, Middle East, National Security Council, Negotiations, oil market, oil production, opec, petrodollar, pleasing, political ramifications, Renewable Energy, Russia, Saudi Arabia, South Africa, Tensions, United States, US Dollar, US-Saudi relations, Washington / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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 report, Saudi Arabia’s crown prince Mohammed bin Salman has told associates that

US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States  Read More »

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India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

Leave a Comment / and South Africa, Asean, Bangladesh, Bitcoin, Brazil, brics, Brunei, Cambodia, Crypto Hacked, Cryptocurrency, Economics, Egypt, Ethereum, India, Indonesia, laos, Malaysia, myanmar, rupee, Russia, Singapore, sri lanka, Sunil Barthwal, thailand, The Philippines, U.S. dollar, Vladimir Putin, Xi Jinping / / / , , , , , , , , , , , , , , , , , , , , , , ,

The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar Read More »

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Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now

Leave a Comment / algeria, American gas consumers, barrel, Biden Administration, bilateral deal, Bitcoin, Brazil, Brent crude, BRICS countries, China, Crypto Hacked, Cryptocurrency, Currency, Economics, Economy, energy agency, Ethereum, Foreign Policy, GDP bloc, Global Economy, India, iraq, Kuwait, liquefied natural gas, major oil producers, National Security Council, non-OPEC members, oil market, oil production, Oman, opec, petroleum, Politics, precautionary measure, reduction, reserve currency, Russia, Saudi Arabia, South Africa, stabilize, State Duma, Supply Chain, trade, U.S. dollar settlements, United Arab Emirates, White house / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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 the Petroleum Exporting Countries (OPEC) and

Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now Read More »

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BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion

Leave a Comment / Acorn Macro Consulting, Anil Sooklal, Bitcoin, Brazil, brics, Canada, China, Crypto Hacked, Cryptocurrency, Economics, Egypt, Ethereum, expansion, France, g7, gdp, Germany, gross domestic product, India, Italy, Japan, new members, PPP, Putin, Russia, South Africa, U.K., U.S., xi / / / , , , , , , , , , , , , , , , , , , , , , , , ,

BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By China’s growth, the group now contributes 31.5% to the global GDP, while the G7 provides 30.7%. BRICS Countries

BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion Read More »

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China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase

Leave a Comment / Bitcoin, Brazil, China, chinese e-yuan, Chinese Yuan, Crypto Hacked, Cryptocurrency, dedollarization, Economics, Ethereum, France, Ju Jiandong, liquefied natural gas, LNG, Russia, US Dollar / / / , , , , , , , , , , ,

China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural Gas (LNG) with a French company using yuan as payment.

China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase Read More »

latam-countries-prepare-regional-agreement-to-counter-rampant-inflation

Latam Countries Prepare Regional Agreement to Counter Rampant Inflation

Leave a Comment / anti dollar, Argentina, Argetine peso, Bitcoin, Brazil, colombia, Crypto Hacked, Cryptocurrency, Devaluation, diaz canel, Economics, Ethereum, Gustavo Petro, inflation, latam, lopez obrador, luis inacio lula da silva, Mexico, Prices / / / , , , , , , , , , , , , , ,

A group of countries in Latam is preparing a regional agreement to address inflation, a problem common to most nations in the region. The initiative, which is being spearheaded by Mexican president Andres Lopez Obrador, would allow the exchange of products with high prices between the states to lessen the effects of price rises. Latam

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Brazilian Digital Real Passes Public Blockchain Pilot Test With Flying Colors

Leave a Comment / Bank of Brazil, Bitcoin, Brazil, Brazilian, CBDC, Central Bank of Brazil, Crypto Hacked, Cryptocurrency, digital real, Ethereum, interconnection, lift, Mercado Bitcoin, News, pilot test, public blockchain, roberto campos neto, Stellar / / / , , , , , , , , , , , , ,

A tokenized version of the digital real, the Brazilian central bank digital currency (CBDC), has passed a public blockchain pilot test successfully. The test, which was carried out by Mercado Bitcoin, a local exchange, using the Stellar network, shows that the digital real token can be used in public blockchains following all compliance rules set

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Brazilian Government Preparing New Decree to Clarify Cryptocurrency Rules

Leave a Comment / asset segregation, Bitcoin, Brazil, brazilian government, Congress, Crypto Hacked, Cryptocurrency, cryptocurrency law, Decree, Ethereum, expedito netto, Gabriel Galípolo, luis inacio lula da sila, luis inacio lula da silva, Marcos Pinto, Regulation / / / , , , , , , , , , , ,

The Brazilian government is preparing to release a decree to fill the blank spaces that the recent approval of the cryptocurrency law has left open. The document, prepared by the Ministry of Finance, will establish the areas of oversight and responsibilities for the Central Bank of Brazil and the national securities regulator (CVM). Brazilian Government

Brazilian Government Preparing New Decree to Clarify Cryptocurrency Rules Read More »