News

Bitcoin, Ethereum Technical Analysis: BTC Consolidates, as Markets Prepare for 25-Basis-Point Fed Rate Hike

July 26, 2023 0

Bitcoin consolidated marginally above the $29,000 level on Wednesday, ahead of today’s Federal Open Market Committee (FOMC) meeting. It is widely expected that the Fed will increase rates by 25 basis points, after holding off on hiking last month. Ethereum also remained mostly unchanged.

News

Wallex.US Wallet Sponsors US Open of Surfing – One of the Largest Sports Festivals in the World

July 26, 2023 0

The newly launched a non-custodial crypto and defi wallet app Wallex.US is making a big splash by becoming the first ever cryptocurrency company sponsoring a major surfing event. The 2023 Wallex US Open of Surfing will be held in Huntington Beach, California, from July 29 through August 6, 2023. Wallex.US Is Making Big Waves Wallex.US […]

News

Deeper Ties With BRICS Should Not Jeopardize Relations With the West — South African Business Association Leader

July 26, 2023 0

South Africa’s economic well-being is dependent on trade relations with the West, and therefore attempts to bolster relationships with BRICS must not be at the expense of ties to the West, the leader of a South African business association has said. The leader also singled out the African country’s trade with China which she said […]

News

Russian President Vladimir Putin States Emergent Multipolar World Order Will Be ‘More Just’

July 26, 2023 0

In a recent article, Vladimir Putin, President of the Russian Federation, outlined his thoughts about the emergence of a new multipolar world order. Putin explained this new configuration will allow different regions, including Africa, the Middle East, and Latam, to assume their roles in a new “more just and democratic” world order. Russian President Vladimir […]

News

Binance, CZ to Seek Dismissal of CFTC Complaint

July 26, 2023 0

Crypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC complaint alleging that it broke derivatives laws in the United States. Binance, […]

News

Former Central Banker Discusses How Chinese Yuan Could Become on Par With US Dollar

July 26, 2023 0

A former central banker has explained that three conditions must be met for the Chinese yuan to become a currency on par with the U.S. dollar and the euro. Noting that the yuan is already the third-largest international currency after the USD and the euro, he emphasized that the Chinese currency’s market share and influence […]

News

BRICS Invites 69 Leaders to August Summit — Western Countries Omitted

July 26, 2023 0

The BRICS economic bloc has invited 69 leaders to its upcoming summit, including all African heads of state and the political heads of major Global South bodies. More than 40 countries have expressed interest to join the BRICS group, with 22 nations already having submitted official applications. “We’ve never had such a large outreach,” said […]

News

Economist Analyzes Challenges of BRICS Currency Competing With US Dollar

July 26, 2023 0

An economist has shared her analysis of how a common BRICS currency could compete with the U.S. dollar. “You need foreign exchange reserves and you need the trust of the investment community,” she explained, noting that the only country in the BRICS economic bloc to carry such a reserve currency was China. Economist on Chinese […]

News

Putin Signs Digital Ruble Law Allowing CBDC Payments in Russia

July 25, 2023 0

President Vladimir Putin has signed into law a bill on the introduction of the digital ruble in the Russian Federation. The new legislation, which legalizes and regulates the use of Bank of Russia’s digital currency for payments and other transactions, will enter into force on Aug. 1. President Putin Greenlights Law Introducing Digital Ruble as […]

News

Ripple vs. SEC — Respite for a Beleaguered Industry

July 25, 2023 0

On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange, Ripple Labs, Inc. (Ripple). District Judge Analisa Torres’ highly anticipated order has been touted as […]