World’s Largest Regional Organization to Switch to Settlements in National Currencies

A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a

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

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,…

BRICS Nations Working on Creating New Currency to Be Discussed at Next Leaders Summit: Prüfbericht

The BRICS nations are reportedly working on developing a new form of currency, which is expected to be discussed at the next BRICS leaderssummit, according to a top Russian official. “The transition to settlements in national currencies is the first

Krypto-Verband in der Türkei verspricht, Börsen zu blockieren, die „Händlern zum Opfer fallen“

In der Türkei wurde eine neue Organisation gegründet, deren Ziel es ist, den Kryptosektor des Landes zu überwachen und bei der Entwicklung zu helfen, Lokale Medien berichteten. Seine erste Aufgabe wird darin bestehen, die jüngsten Probleme mit einigen Kryptowährungsbörsen anzugehen und das Vertrauen in diese zu stärken…

Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal

Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% gegen die USA. Dollar. Over the past 65 Tage, gold has soared 14.55% while silver has skyrocketed 22.31%

Untersuchungen zeigen, dass zentralisierte Börsen dieses Jahr die meisten Besuche von Amerikanern verzeichneten, Koreaner, Russen

Einwohner der Vereinigten Staaten, Südkorea und die Russische Föderation waren in diesem Jahr die häufigsten Nutzer zentralisierter Börsen, laut einer neuen Studie. Die Feststellung erfolgt nach dem spektakulären Absturz von FTX, einer der größten dieser Art…

Bankrupt Crypto Exchange FTX Exploring Sales of Subsidiaries, CEO Reveals

Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX teamto prioritize the preservation of franchise value as best we can in these difficult

Australia Suspends Financial Services License of Local FTX Entity

Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate

Russia and Turkey to Collaborate on Combating Crime-Related Crypto Transactions

Law enforcement and judicial authorities from Russia and Turkey are joining forces in the fight against cybercrime, including the use of cryptocurrencies for illegal purposes. The collaboration has been agreed upon during a visit by Russia’s Prosecutor General to Ankara. Russland,…

While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200%

Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show the country’s inflation rate topped 85.5% year-on-year. The inflation rate in Turkey has risen for 17 consecutive months and last month it reached a 24-year high….