News

Cuban President: Ditching US Dollar Frees Countries From Sanctions and Aggression

June 3, 2023 0

Cuba’s president, Miguel Diaz-Canel, says the U.S. dollar’s global reserve currency status enables the United States to pursue an “aggressive hegemonistic policy of building walls, imposing punitive sanctions, blackmail, aggression, and slander.” He added that the BRICS economic bloc “provides

News

US Dollar Will Lose Dominant Status, China and India Could Play Key Role in Currency Shift, Says Economist Lord O’Neill

June 3, 2023 0

Lord Jim O’Neill, the British economist credited with coining the acronym BRIC, has explained that the U.S. dollar will lose its dominant status. He expects the Chinese yuan and possibly the Indian rupee to become “much more important currencies for the world.” Lord Jim O’Neill on USD Losing Its Dominant Status British economist Lord Jim […]

News

BRICS Nations to Encourage Use of Local Currencies in Trade

June 3, 2023 0

Countries in the BRICS bloc intend to encourage the use of local currencies in cross-border trade, their foreign ministers revealed. The top diplomats, who met in South Africa, also emphasized the importance of financial inclusion, welcoming new technologies that support it. BRICS to Stimulate Trade Transactions in Local Currencies The BRICS group of the largest […]

News

Tanzanian Central Bank Says Forex Restrictions Intended to ‘Safeguard the Stability of the Financial System’

June 3, 2023 0

The Tanzanian central bank said on May 31 that foreign currency dealers are required to trade all transactions that exceed $1,000,000 within “interbank foreign exchange market prevailing quoted prices.” According to the Bank of Tanzania, the latest directives are intended to “foster macroeconomic stability and safeguard the stability of the financial system.” Forex Dealers

News

Rocket Pool to Integrate With Zksync Era, Offering Faster Speeds and Lower Transaction Costs

June 2, 2023 0

According to Rocket Pool, a liquid staking derivatives provider, users will have the ability to liquid stake their ETH using the Layer 2 (L2) Zksync Era network. The company clarified that Rocket Pool liquid stakers utilizing Zksync Era will enjoy faster speeds and lower transaction costs. Liquid Staking Protocol Rocket Pool Joins Forces With Zksync […]

News

Largest Russian Bank Sberbank Opens Developer Access to in-House Defi Platform

June 2, 2023 0

Sberbank, the largest bank in the Russian Federation, announced that it opened access to its in-house decentralized finance (defi) platform to allow developers to test its capabilities. Reports indicate that Sberbank’s Comunity, the Ethereum-based blockchain decentralized finance solution, will leave the open testing phase later this year. Sberbank Opens Defi Platform for

News

KuCoin Listed VOLT Token on Its Top-Tier Exchange, Revolutionizing the Global Voltage

June 2, 2023 0

PRESS RELEASE. Volt Inu, the people’s crypto ecosystem, just got listed on the KuCoin platform, and this is a massive step within the centralized crypto exchange world. In a recent Twitter announcement, Volt Inu confirmed that VOLT debuted on KuCoin starting June 2, 2023, and $40,000 worth of VOLT is up for grabs! With this […]

News

Nigerian Central Bank Blasts Naira Devaluation Report — Publication Stands by Its Story

June 2, 2023 0

The Central Bank of Nigeria (CBN) said on June 1 that the report claiming it had devalued the local currency to N631 per dollar “is replete with outright falsehoods and destabilising innuendos.” The Nigerian publication Daily Trust has said it stands by its story and called on the central bank to provide facts to disprove […]

News

Biggest Movers: ADA Snaps Losing Streak as Nonfarm Payrolls Beat Expectations

June 2, 2023 0

Cardano ended a four-day losing streak on Friday, as markets responded to the latest U.S. nonfarm payrolls (NFP) report. Payrolls in May rose to 339,000, which was significantly higher than the expected sum of 190,000. Solana collided with a key resistance level in today’s session. Cardano (ADA) Cardano (ADA) was one of Friday’s notable gainers, […]

News

Silvergate Bank Faces Regulatory Deadline for Self-Liquidation Plan

June 2, 2023 0

In a recent press release from the U.S. Federal Reserve Board of Governors, it was disclosed that Silvergate Bank has been given a ten-day deadline to submit a plan outlining its self-liquidation procedure and the systematic cessation of operations. This order from the central bank comes in the wake of Silvergate’s declaration of voluntary liquidation […]