10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies

The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed toencourage the use of local currencies for economic and financial transactions.The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapur,…

Saudi Arabia Joining BRICS Would Accelerate Chinese Yuan’s Use as Trading Currency, Says Professor

Professor Ashok Swain of Uppsala University’s Department of Peace and Conflict Research says Saudi Arabia joining the BRICS economic bloc “would accelerate the bilateral trading being conducted using the yuan as the trading currency. ” How Saudi Arabia Joining BRICS Could Boost

Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1

A NOSOTROS. Treasury Secretary Janet Yellen has warned that the Treasury will not be able to pay all of the government’s debt “as early as June 1, if Congress does not raise or suspend the debt limit before that time.” Yellen also

Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely Unrestricted

Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton Siluanov. “Two parties come to an agreement, make settlement payments, and no other country

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

Lagarde, presidenta del BCE, advierte sobre un “gran desastre” si Estados Unidos incumple sus obligaciones de deuda

Últimamente se habla mucho sobre Estados Unidos.. El techo de deuda del gobierno y si el Congreso actuará antes de incumplir el default.. En una entrevista reciente, Cristina Lagarde, el presidente del banco central europeo (BCE), dijo que confía en que EE.UU.. poder…

El millonario de Bitcoin, Tim Draper, aconseja a las empresas emergentes que mantengan Bitcoin como cobertura contra una carrera de "dominó" en los bancos

Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations offered to startup founders. Draper recommended having at least two payrolls worth of cash in bitcoin or other cryptocurrencies to avoid

Los defensores de Bitcoin critican al premio Nobel Paul Krugman después del problema del pago de Venmo

El ganador del Premio Nobel Paul Krugman se quejó en Twitter el miércoles de que estaba experimentando problemas con el procesador de pagos centralizado Venmo.. Su tweet fue seguido por una avalancha de partidarios de bitcoin que insistieron en que Krugman ahora se estaba dando cuenta de la importancia de resistir a la censura.…

SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme

Los Estados Unidos. Comisión Nacional del Mercado de Valores (SEGUNDO) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds, commingled investor assets, and used more than $3.6 millón…

Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership

En marzo 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is