Brazilian President Lula to Act as BRICS Liaison to Help Argentina, Discusses Credit Line in Brazilian Reals

Brazilian President Luiz Inacio Lula da Silva stated Brazil will serve as a facilitator to try and arrange BRICS bloc assistance for Argentina. Lula stated that the New Development Bank — the BRICS bank — could modify some of its rules

Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry

Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as

Japan’s Inflation Surges to 3.5% as New BOJ Governor Takes the Helm

Cette semaine, the Statistics Bureau of Japan unveiled the latest core consumer price index (IPC) report for the country, revealing a surge to 3.5%. This figure comes as a surprise to analysts who had predicted a more modest 2.9% for the

Netflix Star Driving Bitcoin Adoption With Porsche Flying El Salvador Flag

Scottish-Salvadoran driver Sebastian Melrose has made his debut in the Porsche Carrera Cup racing championship. The 25-year-old, who took part in a popular Netflix TV series last year, drives a Bitcoin-branded 911 that features the flag of crypto-friendly El Salvador on

Le Brésil interdit temporairement Telegram en raison d'un prétendu manque de collaboration dans la lutte contre la violence scolaire

Un juge fédéral au Brésil a ordonné la suspension temporaire de Telegram dans le pays et a imposé de lourdes amendes en raison du prétendu manque de collaboration de l'entreprise à une croisade nationale contre la violence scolaire. Telegram n'a pas réussi à fournir des informations…

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

Russian Foreign Minister Sergey Lavrov States De-Dollarization ‘Can No Longer Be Stopped’

Russian Foreign Minister Sergey Lavrov has spoken on the current shift to national currencies and the de-dollarization international markets are currently experiencing. In a press conference after addressing the UN Security Council on April 25, Lavrov stated this shift could not

Binance Reportedly Removes Restrictions on Russian Users

Le monde’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on

Signaler: Le co-fondateur de Terraform Labs inculpé de fraude en Corée du Sud

Recent local reports have brought to light that Shin Hyun-seong, also known as Daniel Shin, co-founder of Terraform Labs, has been indicted by the Seoul Southern District ProsecutorsOffice on charges of fraud. Along with nine others, Shin is suspected of

La Russie augmentera sa dépendance à l'égard des monnaies nationales dans le commerce de l'énergie, Vœux de s'éloigner du dollar américain

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,…