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

VC Darling Crypto Sui Makes Waves With Market Debut, Price Sinks 37% From All-Time High

A buzz has been generated around a new layer one (L1) proof-of-stake blockchain initiative named Sui, following the network’s mainnet debut on May 3, 2023. The native token SUI has been listed on various cryptocurrency exchanges, drawing attention to the project….

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

BRICS Currency Will Erode US Dollar’s Dominance, Former White House Economist Warns

Former White House economist Joseph Sullivan has warned that a BRICS currency would erode the U.S. dollar’s dominance. If member nations use only a common BRICS currency for international trade, “they would remove an impediment that now thwarts their efforts to

BRICS De-Dollarization Push, Porcelana, and Crypto Threaten US Dollar’s Dominance: Analyst

Fitch Solutionsglobal head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s risingeconomic mightas key factors that erode the U.S. dollar’s dominance over time. He cautioned that China

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries

El valor bloqueado en Lido aumenta antes de la fusión de Ethereum, Saltos de token LDO 23% más alto en 7 Días

En ocho días, Ethereum planea someterse a una de las actualizaciones más intensivas desde la bifurcación dura de DAO en 2016, ya que The Merge pretende cambiar la red’s mecanismo de consenso a partir de prueba de trabajo (PoW) a prueba de participación (punto de venta). En medio del período previo a…

Parte superior 10 El dominio PoW se evapora 9 Años después, Solo quedarán dos monedas de prueba de trabajo después de la fusión

The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) a prueba de participación (punto de venta) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets

100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao’s Stablecoin Vault

Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance proposal that providescollateral integration from a U.S.-based bank.The Makerdao governance proposal passed by a majority vote of more than 87%, and it gives the U.S….

70 a 90% Abajo: el declive de Crypto Economy se sacude $2 billones en 8 Meses

During the past eight months, crypto assets have shed enormous value against fiat currencies like the U.S. dólar. Bitcoin has shed 69% since the leading crypto assets all-time high on November 10, 2021, when the digital currencys value tapped $69K per