Cryptocurrency Market

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  • Market Cap: $2,404,782,667,590.88
  • 24h Vol: $56,442,256,430.13
  • BTC Dominance: 56.54%

Swift

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Russian State Duma Deputy Chairman: BRICS SWIFT Counterpart Needed for Creating a New Economic Reality

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Alexander Babakov, Deputy Chairman of the Russian State Duma, highlighted the need to create a BRICS equivalent to the SWIFT messaging system, which routes payments alongside the current banking infrastructure. Babakov emphasized that this new system would help to reduce the dependence on Western institutions and simplify settlements outside the dollar-dominated system. BRICS SWIFT Equivalent […]

Russian State Duma Deputy Chairman: BRICS SWIFT Counterpart Needed for Creating a New Economic Reality Read More »

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EU Targets Crypto Asset Providers Accused of Aiding Russia in Warfare Against Ukraine

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The most recent European Union sanctions against the Kremlin prohibit Eurozone operators from engaging with crypto asset providers that facilitate transactions supporting Russia’s defence-industrial base. Additionally, the new sanctions regime forbids Eurozone operators from utilizing the Russian-developed System for Transfer of Financial Messages (SPFS). These restrictive measures also focus on tankers associated with “Putin’s dark

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Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent

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Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries. At least two top metal producers have transacted using USDT, the largest stablecoin in the crypto market, as the G7 and the EU mull more sanctions against alternatives for these operations. Crypto Used as

Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent Read More »

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Latam Insights: Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela

Leave a Comment / Argentina, Bitcoin, Corpoelec, Crypto Hacked, Cryptocurrency, Devaluation, Ethereum, inflation, News, Russia, sergey lavrov, Swift, US Dollar, Venezuela, yvan gil / / / , , , , , , , , , , ,

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: the Argentine Peso plunges against the U.S. dollar, Venezuela and Russia agree to develop a joint SWIFT alternative, and Bitcoin mining is still paused in Venezuela. Argentine Peso Plunges 10%

Latam Insights: Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela Read More »

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Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies

Leave a Comment / Asia, Bitcoin, brics, China, Chinese Yuan, Crypto Hacked, Cryptocurrency, Economics, Ethereum, international settlements, latam, Russia, Swift, U.S. dollar, Vladimir Putin, Xi Jinping / / / , , , , , , , , , , ,

As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam. Putin expressed that using national currencies for international trading “should be encouraged further.” Russia

Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies Read More »

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Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner

Leave a Comment / Advcash wallet, Bank Transfer, Binance, Bitcoin, Blockchain, Bybit, Credit Card, Crypto Hacked, crypto traders, Cryptocurrency, Cryptocurrency Assets, Cryptocurrency Exchange, Decentralized, Digital Assets, Dubai-based, Ethereum, Exposure, Financial Technology, future, Global Markets, Impact, News, partner, platform, regulatory landscape, safe, secure, security measures, service outages, Silvergate Bank, Swift, trade volume, U.S banks, U.S. dollar deposits, user experience, user funds, Virtual Currency, Withdrawals / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the SWIFT network. Bybit Suspends USD Deposits, Wire Transfer Withdrawals Open Until March 10 The cryptocurrency exchange Bybit,

Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner Read More »

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China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs

Leave a Comment / Alternative, Bank, banks, Bitcoin, Blockchain, Blockchain Project, CBDC, CBDCs, China, chinese, CIPs, cross border, Crypto Hacked, Cryptocurrency, Digital Currencies, Ethereum, Finance, foreign trade, Interbank, international, Payments, Red Date, Settlements, SPFS, Stablecoins, Swift / / / , , , , , , , , , , , , , , , , , , , , ,

The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digital assets in foreign trade. Company Behind China’s Blockchain Push Aims to Make Stablecoins and State Coins Interoperable Hong Kong-based Red

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