Did the Russian president just suggest the use of bitcoin for international transactions?
"Coinbase is revolutionizing crypto payments on social networks. Discover how this new service works in this article."
The twilight of the petrodollar is no longer a myth. China and Saudi Arabia are rapidly de-dollarizing their exchanges. When will the petro-bitcoin arrive?
The BRICS member countries plan to launch a common currency for their organization in the near future. At present, there is no indication of the proposed currency's backing. Among analysts, the debate on whether it should be supported by cryptocurrency or gold is ongoing. And the question is not easy to answer. Some data show that cryptocurrency has advantages to offer as a backing for the BRICS currency. The same goes for the precious metal, gold. In this analysis, we will attempt to shed light on what is being said on this subject.
During his campaign for the presidential election in Argentina, Xavier Milei promised that he would work, once elected, to eliminate the country's central bank. Now that it's done, a rumor is emerging about this financial project. Some claim that it was just a campaign promise that the new tenant of Casa Rosada does not intend to fulfill. Javier Milei has formally denied these allegations.
Is the trend towards de-dollarization exaggerated? Is the petrodollar system coming to an end? Will the BRICS go all the way?
The American digital giant is regularly in the spotlight. The issue is its methods deemed unfair to stifle, or even eliminate, any competition. This comes at the expense of users who pay a high price. This is the essence of the collective legal action taken against the company, specifically regarding the use of cryptocurrencies as a P2P payment method.
Kristalina Georgieva actively supports CBDC. She sees these digital currencies as a promising alternative to physical cash.
Yesterday pinned, today fearless. PayPal has just thrown down the gauntlet to the authorities by asserting its determination to pursue its blockchain innovations. Let's analyze this statement that sounds like a declaration of war.
The BRICS countries want to get rid of the influence of the US dollar. This is a high-stakes issue for this group of countries, especially for Russia, which is facing a series of financial measures taken by the West in response to the invasion of Ukraine. It seems that the country is maneuvering to overcome these sanctions. And it is apparently succeeding as the Russian currency, the ruble, has surpassed the dollar in the foreign exchange market.
The de-dollarization continues in Asia. Following nations like India or Indonesia, Thailand is now also shunning the dollar.
The Bitcoin, a flagship currency in this universe, is at the center of attention. With the arrival of November, investors, experts, and the curious pose an essential question: will Bitcoin continue its meteoric rise or experience a spectacular fall?
X (formerly Twitter) has lost more than half its purchase price. The culprit is known!
The BRICS have officially decided to leave the dollar. In the meantime, the question of the currency's use in settling international transactions seems to be a point of contention between the member countries. Here's what it's all about.
China's hegemonic ambitions in the economic sphere have been well-known. The desire of the Asian giant and its BRICS partners to move away from the dollar is essentially an expression of this ambition. This ambition has recently seen progress involving the euro, the currency used in the European area.
A Chinese multinational has just made its first-ever purchase of oil using the digital yuan (CBDC). The petrodollar is facing challenges.
Today, within the Eurasian Economic Union, economic transactions are settled with national currencies, which are increasingly overshadowing the dollar. Most economic exchanges involving Russia are now conducted in rubles. The euro and the dollar are undergoing displacement. This transformation in the global financial landscape cannot go unnoticed. The possibility of a common commercial currency emerging within the BRICS is back at the center of discussions. In a recent interview, Russian economist and politician Sergei Glaziev dropped a bombshell: a common BRICS currency is inevitable. Details.
The Iraqi government will ban all cash withdrawals and transactions in US dollars starting from January 1, 2024.
In an interview with Bitcoin Magazine, a candidate in the U.S. presidential election once again expressed his support for Bitcoin.
No cryptocurrency transaction should go unnoticed by the Bank for International Settlements (BIS), as they develop a suitable system to track cryptocurrency exchange flows throughout the European territory. Several European central banks have joined them in this initiative. Let's take a closer look!
Global financial regulators are increasingly concerned about the rapid growth of the cryptocurrency market. The International Monetary Fund (IMF) has just proposed a matrix for assessing national-level cryptocurrency-related risks to countries worldwide. This was on September 29th. Details follow.
While major international banks and other financial institutions have been embracing blockchain technology and cryptocurrencies for several months, HSBC had been content to observe, or even ignore them. But the saying goes, 'better late than never.' Thus, the $3 trillion asset banking giant has decided to make up for lost time. An alliance with the blockchain payment processor FC Pay has been established. The goal is to allow HSBC customers to pay their bills with cryptocurrencies like Shiba Inu, XRP, and more.
It has been several months since the ECB unveiled its digital euro project, an announcement that continues to reverberate in the financial markets. A recent statement by Christine Lagarde, President of the ECB, has garnered particular attention from the crypto community. According to the ECB President, the digital euro (to be distinguished from a cryptocurrency) will not be anonymous. This revelation raises deep questions about privacy protection, and many analysts are also pondering the potential implications of this digital euro project on cryptocurrencies.
LINK, the cryptocurrency of Chainlink, is gaining more attention. Recent developments around the asset seem to have strengthened its appeal, pushing investors to take positions in the crypto.
Visa, the payment services giant, is making cryptocurrencies and the underlying blockchain technology a cornerstone of its growth strategy. In recent months, the company has been actively involved in this direction, with numerous initiatives related to cryptocurrencies. While Visa's previous crypto-related activities showcased its enthusiasm for blockchain, they didn't reveal much about the company's long-term plans. In a recent media statement, Visa clarified its stance on this matter, asserting that Solana's blockchain is the most relevant in the market to ensure its expansion in the crypto industry. In this article, we will delve into why Visa is banking on Solana's blockchain.
The co-founder of the payment company Lightspark, focused on the Bitcoin Lightning Network, has recently spoken about the archaic state of the international payment system. On September 12, 2023, during an appearance on CNBC, David Marcus discussed the potential of the Bitcoin network and expressed his commitment to turning it into a global payment system.
Coinbase's CEO is currently excited about 10 major crypto concepts that could completely change the face of the digital asset sector worldwide. In a video published this August 30, Brian Armstrong explained these concepts to developers, encouraging them to take advantage of the bear market to work on them. Read more.
Ripple now has a major competitor. Stellar, has just acquired a stake in international payments giant MoneyGram, now becoming a full-fledged player in the payments sector, on a par with fintech Ripple. This announcement comes just days after Ripple joined MasterCard and Swift in the Bank for International Settlements' working group on cross-border payments. Is it safe to say that MoneyGram will now serve as a springboard for Stellar in its competitive battle against Ripple?
Plateforme innovante, Swiss Bitcoin Pay simplifie la façon dont les commerces intègrent Bitcoin comme mode de paiement. Avec une gamme de services conçus pour les commerçants et les clients, Swiss Bitcoin Pay se positionne en tant que solution à la fois efficace et indépendante pour les transactions Bitcoin.
Australia's leaders have begun to reduce the number of banknotes in circulation in the country. This brings to an end more than 60 years of reign by greenbacks and pennies, which will gradually have to give way to digital money. What substitute for cash: bitcoin, other cryptocurrencies or CBDC? Let's find out!