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BRICS to Promote National Currencies Before Issuing Common One

BRICS to Promote National Currencies Before Issuing Common OneThe BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National Fiats of […]

Deutsche Bank Acknowledges Crypto’s Leading Role in Ensuring BRICS’ Payment Capabilities

Close to 60,000 BTC Erased From Bitcoin Treasuries in 9 Months, 4 Entities Hold More Than 100K BTC

Close to 60,000 BTC Erased From Bitcoin Treasuries in 9 Months, 4 Entities Hold More Than 100K BTCDuring the last two years, a number of public and private companies, exchange-traded products (ETPs), and countries have added bitcoin to their balance sheet. However, during the last nine months of 2022, the number of bitcoin stored in these types of treasuries dropped by 57,481 bitcoin, worth around $1.1 billion using today’s exchange rates. $1.1 […]

Deutsche Bank Acknowledges Crypto’s Leading Role in Ensuring BRICS’ Payment Capabilities

Russia Explores Stablecoins for Settlements With Friendly Nations

Russia Explores Stablecoins for Settlements With Friendly NationsRussia is cooperating with friendly countries on the potential employment of stablecoins in international payments, a top government official unveiled. The news comes after key institutions in Moscow agreed that the Russian Federation needs to legalize cross-border crypto payments in the face of sanctions. Russia Looking to Build Stablecoin Platforms to Facilitate Trade With Partners […]

Deutsche Bank Acknowledges Crypto’s Leading Role in Ensuring BRICS’ Payment Capabilities

Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets

Bitcoin Treasuries Records Show .1 Billion in BTC Was Erased From Balance SheetsDuring the 12 months, public companies, private companies, exchange-traded funds, and even countries have added bitcoin to their balance sheets. As of July 17, 2022, the aforementioned types of entities hold approximately 1,325,396 bitcoins worth $27.84 billion today. However, the number of coins stored in bitcoin treasuries has dropped since June 5, 2021, by approximately […]

Deutsche Bank Acknowledges Crypto’s Leading Role in Ensuring BRICS’ Payment Capabilities

5 Countries Will Accept Bitcoin as Legal Tender by End of Next Year, Says Bitmex CEO

5 Countries Will Accept Bitcoin as Legal Tender by End of Next Year, Says Bitmex CEOBy the end of next year, at least five countries will have accepted bitcoin as legal tender, the CEO of cryptocurrency exchange Bitmex has predicted. He cited three key reasons why he arrived at this conclusion. “Developing countries will jump into crypto in 2022,” he said. More Countries Will Adopt Bitcoin as Legal Tender The […]

Deutsche Bank Acknowledges Crypto’s Leading Role in Ensuring BRICS’ Payment Capabilities

Joe Biden: US Bringing 30 Countries Together to Stop ‘Illicit Use of Cryptocurrency’

Joe Biden: US Bringing 30 Countries Together to Stop ‘Illicit Use of Cryptocurrency’President Joe Biden says that the U.S. will bring together 30 countries to stop “the illicit use of cryptocurrency.” The United States is “partnering closely with nations around the world” to respond to the cybersecurity threats, Biden further said. US Will Bring 30 Countries Together to Combat Illicit Use of Crypto, Says Biden The White […]

Deutsche Bank Acknowledges Crypto’s Leading Role in Ensuring BRICS’ Payment Capabilities

Russian Police Arrest 2 Women, High-Ranking Members of Finiko Crypto Pyramid

Russian Police Arrest 2 Women, High-Ranking Members of Finiko Crypto PyramidLaw enforcement in the Russian republic of Tatarstan have made new arrests in connection with the crypto Ponzi scheme Finiko. Two women detained this week are believed to have attracted millions of dollars to the pyramid. The now collapsed Finiko lured investors from a number of countries in the post-Soviet space and around the world, […]

Deutsche Bank Acknowledges Crypto’s Leading Role in Ensuring BRICS’ Payment Capabilities

81 Countries Are Now Exploring Central Bank Digital Currencies — 5 CBDCs Fully Launched

81 Countries Are Now Exploring Central Bank Digital Currencies — 5 CBDCs Fully LaunchedEighty-one countries are now exploring central bank digital currencies (CBDCs), according to a new tracker. This number is 46 more countries than the number in May last year. In addition, five countries have fully launched their own digital currencies. 81 Central Banks Explore Launching Own Digital Currencies The Atlantic Council’s Geoeconomics Center unveiled a new […]

Deutsche Bank Acknowledges Crypto’s Leading Role in Ensuring BRICS’ Payment Capabilities