Russia

BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says

September 26, 2024 Bitcoin.com

bitcoin.com

BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan summit. He highlighted Saudi Arabia’s potential shift towards the petroyuan and Russia’s plans to reduce dollar reliance. However, […]

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Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

North Korea Signals Closer BRICS Relations Amid Growing Russia Ties

September 25, 2024 Bitcoin.com

bitcoin.com

North Korea may be ramping up efforts to align itself with the BRICS economic bloc, as its top diplomat skipped the United Nations General Assembly in favor of a BRICS-related event. Analysts suggest that while Kim Jong-un seeks to break diplomatic isolation through such alliances, North Korea’s sanctions and economic constraints make membership unlikely. Recent […]

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Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

JPMorgan CEO Jamie Dimon Cautions Against Market Optimism — ‘Geopolitics Is Getting Worse’

September 25, 2024 Bitcoin.com

bitcoin.com

JPMorgan CEO Jamie Dimon has issued a serious warning about escalating geopolitical risks, stating that they pose greater threats to global stability than current economic challenges. His remarks come in light of rising tensions, including attacks on oil tankers and the ongoing Ukraine-Russia war. Dimon cautioned against over-optimism about the U.S. economy, advising a more […]

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Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Russia Pushes for Sustainable BRICS Interbank Networks and Payment Systems

September 24, 2024 Bitcoin.com

bitcoin.com

Russia is pushing to develop independent interbank networks and payment systems within BRICS to boost the bloc’s financial influence. Moscow aims to expand cross-border settlements and the use of national currencies in BRICS trade, as part of a strategy to reduce dependence on Western financial institutions. These efforts have gained attention during Russia’s BRICS presidency, […]

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Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

September 24, 2024 Bitcoin.com

bitcoin.com

Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized the increasing use of national currencies in BRICS trade, particularly with […]

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Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’

September 23, 2024 Bitcoin.com

bitcoin.com

UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that central bank purchases and investor inflows into gold ETFs are sustaining the metal’s […]

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Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Lavrov Says He Agrees With Donald Trump on US Sanctions Weakening Dollar’s Status

September 23, 2024 Bitcoin.com

Biden Administration

Russian Foreign Minister Sergey Lavrov has backed former U.S. President Donald Trump’s remarks about the negative effects of U.S. sanctions on the dollar and the American economy. Lavrov agreed that sanctions imposed by the Biden administration have weakened the dollar’s global reserve status. He further noted a global shift towards dedollarization, led by nations like […]

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Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

September 22, 2024 Bitcoin.com

bitcoin.com

The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and […]

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Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

September 16, 2024 Bitcoin.com

Bank of Russia

The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller institutions following later. The initiative seeks to enhance payment efficiency and reduce costs, with retailers also […]

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Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals

September 13, 2024 Bitcoin.com

Argentina

Russian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration of new members, sharing updates on BRICS activities under Russia’s chairmanship. 34 Countries Show Interest in BRICS, Putin Says Russian President Vladimir Putin said on […]

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Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report