Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,404,609,410,019.67
  • 24h Vol: $55,478,542,091.54
  • BTC Dominance: 56.53%

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brics-to-discuss-alternative-payment-platforms-at-upcoming-summit

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

Leave a Comment / Bitcoin, brics, China, Crypto Hacked, Cryptocurrency, dedollarization, Egypt, Ethereum, Ethiopia, Featured, financial platforms, India, Kazan, lula da silva, payment systems, Russia, Saudi Arabia, sergey lavrov, trade, U.S. dollar, UAE / / / , , , , , , , , , , , , , , , ,

Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized the increasing use of national currencies in BRICS trade, particularly with […]

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit Read More »

payments-in-national-currencies-surge-to-92%-among-sco-members

Payments in National Currencies Surge to 92% Among SCO Members

Leave a Comment / Bitcoin, brics, China, Cooperation, Crypto Hacked, Cryptocurrency, economic ties, Economics, Ethereum, financial, India, Investments, Iran, local currencies, multipolar, national currencies, Payments, Russia, SCO, trade, U.S. dollar / / / , , , , , , , , , , , , , , , ,

Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen

Payments in National Currencies Surge to 92% Among SCO Members Read More »

china-russia-international-trade-payments-situation-worsens:-crypto-and-barter-rise-as-alternatives

China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives

Leave a Comment / barter, Bitcoin, China, Crypto, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Russia, secondary sanctions, trade / / / , , , , , , ,

Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China

China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives Read More »

brics-meeting-highlights-shift-to-local-currencies

BRICS Meeting Highlights Shift to Local Currencies

Leave a Comment / Bitcoin, brics, Crypto Hacked, Cryptocurrency, economic cooperation, Economics, Ethereum, Financial Sovereignty, local currencies, trade / / / , , , , ,

BRICS Ministers of Foreign Affairs have emphasized using local currencies in trade, reaffirming economic resilience and financial sovereignty. At their meeting on Monday, the Ministers underscored the importance of the enhanced use of local currencies in financial transactions between the BRICS countries. BRICS Ministers Push for Use of Local Currencies The BRICS Ministers of Foreign

BRICS Meeting Highlights Shift to Local Currencies Read More »

brics-to-promote-national-currencies-before-issuing-common-one

BRICS to Promote National Currencies Before Issuing Common One

Leave a Comment / Ambassador, Anil Sooklal, Bitcoin, bloc, Brazil, brics, China, common currency, countries, Crypto Hacked, Cryptocurrency, currencies, Currency, emerging economies, Ethereum, Finance, Financial Markets, Group, India, Nations, Russia, single currency, South Africa, trade / / / , , , , , , , , , , , , , , , , , , ,

The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National Fiats of

BRICS to Promote National Currencies Before Issuing Common One Read More »

no-rate-hikes-in-russia,-central-bank-keeps-interest-rate-level-again

No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again

Leave a Comment / Bank of Russia, Bitcoin, Central Bank, Crypto Hacked, Cryptocurrency, Economy, estimates, Ethereum, Finance, Forecasts, gdp, growth, inflation, Interest, interest rates, rate, rates interest rate, Russia, russian, Sanctions, Tensions, trade / / / , , , , , , , , , , , , , , , , ,

Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of

No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again Read More »

argentina-to-settle-chinese-imports-in-yuan-to-safeguard-dwindling-dollar-reserves

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

Leave a Comment / alberto fernandez, Argentine Peso, Bitcoin, China, Chinese Yuan, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Sergio Massa, Settlements, trade, Xi Jinping / / / , , , , , , , ,

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

Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves Read More »

china-ready-to-talk-asian-monetary-fund-to-cut-dollar-dependence,-malaysia-says

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

Leave a Comment / Anwar Ibrahim, Asian Monetary Fund, Bitcoin, China, chinese, Crypto Hacked, Cryptocurrency, currencies, Currency, dependence, Dollar, Ethereum, Fiat, fiat currency, IMF, International Monetary Fund, Malaysia, Malaysian, national currencies, News, regional currencies, reliance, renminbi, ringgit, trade, trade settlements, U.S. dollar, US Dollar, Xi Jinping, Yuan / / / , , , , , , , , , , , , , , , , , , , , , , , , ,

An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia Prepares to Trade With China in

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says Read More »

saudi-arabia-and-opec-reveal-surprise-oil-production-cut;-white-house-insists-cuts-aren’t-advisable-right-now

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 »

binance-sued-by-cftc-for-alleged-violations-of-trading-and-derivatives-rules

Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules

Leave a Comment / abetting, aiding, Binance, binance lawsuit, binance sued, Bitcoin, ceo, CFTC, CFTC sues Binance, Changpeng Zhao, Charges, commercial benefit, commodity derivatives transactions, Compliance, Crypto, Crypto Hacked, Cryptocurrency, CZ Sued, derivatives, Digital Asset, Ethereum, evasion, Exchange, federal law, illegal, Lawsuit, News, Officer, regulatory arbitrage, Rostin Behnam, rules, Samuel Lim, trade, trading, U.S. Residents, violations, volume / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange broke several trading and derivatives rules. The lawsuit also names Binance’s former chief compliance officer, Samuel Lim,

Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules Read More »