Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,381,319,713,124.29
  • 24h Vol: $53,636,474,643.76
  • BTC Dominance: 56.59%

Settlements

us-company-settles-salvadoran-coffee-purchase-with-bitcoin

US Company Settles Salvadoran Coffee Purchase With Bitcoin

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According to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadoran counterpart in this transaction, explained that he received the payment in less than 10 minutes, bypassing the need for intermediaries in these deals. Salvadoran Coffee […]

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Bilateral Settlement Between China and Russia Worsens Due to New Sanctions

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The payment flow between China and Russia is being disrupted once again due to the enactment of a new package of sanctions that includes 46 Chinese companies allegedly assisting the Russian war effort. This has affected imports of dual-use products, which can be used for both military and civilian purposes, as well as other merchandise.

Bilateral Settlement Between China and Russia Worsens Due to New Sanctions Read More »

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‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says

Leave a Comment / Alexey Moiseev, Bitcoin, cross-border payments, Crypto, Crypto Hacked, crypto payments, Cryptocurrencies, Cryptocurrency, deputy minister, Ethereum, Finance, Financial Ministry, international settlements, Moiseev, Payments, Regulation, Regulations, restrictions, Russia, russian, Sanctions, Settlements / / / , , , , , , , , , , , , , , , , , ,

Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated. Russia Plans to ‘Experiment’ With Cross-Border Crypto Payments Amid Sanctions

‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says Read More »

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Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

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The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China

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russia-to-increase-reliance-on-national-currencies-in-energy-trade,-vows-to-move-away-from-the-us-dollar

Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar

Leave a Comment / Alexander Novak, Bank of Russia, Bitcoin, brics, Crypto Hacked, Cryptocurrency, Economics, Ethereum, international trade, Russia, Settlements, U.S. dollar / / / , , , , , , ,

Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources, leading Russia to accept more currencies for these settlements. Russia Aims to Settle Energy

Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar Read More »

dollar-to-play-lesser-role-due-to-its-weaponization,-digital-currencies,-economist-jeffrey-sachs-says

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says

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Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like the digital yuan, and

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says Read More »

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USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

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The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank.

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JPMorgan to Open Blockchain Innovation Lab in Greece

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Financial giant JPMorgan has announced it will open a new blockchain innovation lab in Greece. The lab will be focused on the development of applications on top of Onyx, the blockchain platform launched by the bank in 2020, and on digital identity solutions. JPMorgan to Push Blockchain Development in New Innovation Lab JPMorgan, the investment

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Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year

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The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained that the goals of this new pilot are to test the technical feasibility of the currency and to include private businesses

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latam-common-currency-to-focus-on-settlements-among-mercosur-and-brics-countries

Latam Common Currency to Focus on Settlements Among Mercosur and BRICS Countries

Leave a Comment / alberto fernandez, Argentina, Bitcoin, Brazil, brics, common currency, Crypto Hacked, Cryptocurrency, dependence, Economics, Ethereum, Fernando Haddad, latam, luis inacio lula da silva, mercosur, Sergio Massa, Settlements, U.S. dollar / / / , , , , , , , , , , , , ,

President of Brazil Luis Inacio Lula Da Silva clarified the scope and reach of the common currency that Brazil and Argentina are studying to issue in Latam. Lula Da Silva clarified that he believed this currency would be used to settle cross-border payments between the two countries and also countries from BRICS and Mercosur. Lula

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