BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

April 27, 2023 Bitcoin.com

bitcoin.com

Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a whole, the Russian politician said. Ruble, Yuan, Other BRICS Currencies to Take Over […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says

April 20, 2023 Bitcoin.com

billionaire

Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The founder of the world’s largest hedge fund also said that Western sanctions on Russia have highlighted new risks of keeping dollar assets. ‘Dollar Is Debt,’ […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021

April 16, 2023 Bitcoin.com

Altcoins

Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8% over the past 30 days. […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services

April 15, 2023 Bitcoin.com

accounts

ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong Kong Hong Kong’s first […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

April 5, 2023 Bitcoin.com

Anwar Ibrahim

An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia Prepares to Trade With China in […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Binance to Restrict Ukrainian Hryvnia Operations Via 2 Payment Providers

March 15, 2023 Bitcoin.com

AdvCash

Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using bank cards in the national currency of Ukraine. Ukrainian Users Lose More Fiat Options to Trade on Cryptocurrency Exchange Binance The world’s leading digital asset exchange in […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion

March 11, 2023 Bitcoin.com

Balance Sheet

Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture capitalists caused a bank run, while others […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Binance Bans Russians From P2P Transactions With Dollars and Euros

March 10, 2023 Bitcoin.com

Binance

Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based in the Russian Federation. Binance Prohibits US Dollar and Euro Transactions for Russians on Its P2P Market The world’s largest crypto […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin

March 9, 2023 Bitcoin.com

Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over Billion in Recovered Bitcoin

Bankruptcy

The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number of inquiries” and may not be able to respond to […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian Hryvnia

March 5, 2023 Bitcoin.com

Binance

Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards in National Currency The world’s largest crypto exchange, Binance, and a leading Ukrainian […]

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