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BRICS Leaders Declare Importance of Using Local Currencies in International Trade

August 25, 2023 0

The BRICS leaders stress “the importance of encouraging the use of local currencies in international trade and financial transactions” in their declaration released at the conclusion of their 15th annual summit. In addition, the BRICS nations have tasked their finance ministers and central bank

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BRICS Invites 6 Countries to Join, Including Saudi Arabia, UAE, Iran

August 25, 2023 0

The BRICS economic bloc has invited six countries to become new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. The BRICS leaders wrapped up their 15th annual summit on Thursday. “We have reached agreement on the guiding principles, standards, criteria, and procedures of the BRICS expansion process,” said South Africa’s president.

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SEC Charges Former US Correctional Officer With Fraudulent Crypto Token Sale

August 24, 2023 0

The U.S. Securities and Exchange Commission said on Aug. 23 that it had charged a former New Jersey correctional officer “with fraudulently raising funds through the unregistered offering of the blazar token.” The Commission said the correctional officer’s scam was primarily targeted at law enforcement agents and first responders. Replacing the State Pension System With

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Founders of Crypto Mixer Tornado Cash Accused of Laundering $1 Billion

August 24, 2023 0

The founders of the cryptocurrency mixing service Tornado Cash were charged Thursday with allegedly helping to launder more than $1 billion in digital currency, including funds taken by North Korean hackers. Department of Justice: ‘You Can’t Hide From Us Behind a Keyboard — Whether You’re a Hacker or Facilitator’ Roman Storm and Roman Semenov were […]

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‘Hedging Bitcoin and Ether’ — FTX Seeks Court Approval for Strategic Partnership With Galaxy Digital

August 24, 2023 0

FTX Trading Ltd., accompanied by its linked debtors, has approached the U.S. Bankruptcy Court in Delaware with a proposal to collaborate with Michael Novogratz’s Galaxy Digital Capital Management LP, also known as Galaxy Asset Management. FTX Trading Proposes Alliance With Novogratz’s Galaxy Digital FTX aims to onboard Galaxy Asset Management to oversee a portion of […]

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Pantera Capital Predicts Bitcoin to Skyrocket to $148,000 Post-2024 Halving

August 24, 2023 0

In a recent “Blockchain Letter” to investors, published on August 22, Pantera Capital — a venture capital firm headed by Dan Morehead — has projected that the price of bitcoin (BTC) could soar to $147,843 per coin following the 2024 halving. The firm employed the stock-to-flow (S2F) ratio as a price model to evaluate and […]

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Biggest Movers: SOL Recovers From Recent Declines, BNB Extends Gains

August 24, 2023 0

Solana continued to trade higher during Tuesday’s session, following a recent breakout below a support point of $20.00. Momentum in the market has begun to gradually pick up in recent days, ahead of Friday’s Federal Reserve Jackson Hole annual meeting. BNB remained in the green. Solana (SOL) Solana was one of Thursday’s notable movers, as […]

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Bored Ape Yacht Club NFTs Face Sharp Decline Amid Broader Crypto Slump

August 24, 2023 0

Recent data paints an intriguing picture for the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC). Over a six-month span, its floor price tumbled from 76 ether down to a mere 21.99 ether. However, as of now, the BAYC floor is navigating a range of 23.90 ether to 24.65 ether, reflecting a significant […]

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Bitcoin, Ethereum Technical Analysis: BTC Hits 1-Week High, as Bulls Move to Buy the Dip

August 24, 2023 0

Bitcoin rebounded from recent lows on Thursday, as bulls moved to buy the dip, following a drop below the $26,000 level. The rally comes as traders rejected a full breakout below a key support point of $25,600. Ethereum was also back in the green during today’s session. Bitcoin Bitcoin climbed higher on Thursday, as bulls […]

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BRICS Countries Can Use India’s UPI Instant Payment System, Prime Minister Modi Suggests

August 24, 2023 0

Member states of the BRICS bloc can follow the example of other nations and start using India’s Unified Payments Interface (UPI) system, according to Prime Minister Narendra Modi. The country is a leader in digital transactions, the head of the Indian government said in South Africa where the organization is holding its annual summit. India […]