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, Hiina, 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

Lidos lukustatud väärtus tõuseb enne Ethereumi ühendamist, LDO märgihüpped 23% Kõrgemal sisse 7 Päevad

In eight days Ethereum is planning to undergo one of the most intensive upgrades since the DAO hard fork in 2016, as The Merge aims to change the networks consensus mechanism from proof-of-work (PoW) panuse tõestamiseks (PoS). Amid the lead-up to

Üles 10 PoW domineerimine aurustub 9 Aastaid hiljem, Pärast ühendamist jääb alles ainult kaks töötõendit

Krüptokogukond ootab kannatlikult kauaoodatud Ethereumi võrguuuendust töötõendist (PoW) panuse tõestamiseks (PoS) nagu The Merge eeldatavasti juhtub 27 päevade pärast. Pärast Ethereumi üleminekut PoW-lt PoS-ile, ainult kaks krüptovara…

100-Aastavanune Pennsylvanias asuv pank on heaks kiidetud Makerdao Stablecoin Vaulti võimendamiseks

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 juurde 90% Down — Crypto Economy’s Decline Shakes Out $2 Trillion in 8 Kuud

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