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China Faces Opposition to Rapid BRICS Expansion From India and Brazil, Report
29.7.2023
BRICS member states India and Brazil stand in the way of China’s bid to quickly expand the bloc, unveiled a media report. The two nations have different reasons to have reservations about Beijing’s plan to soon increase the organization’s geopolitical influence while they both seem to want to slow...
Social media discussions play a crucial role in influencing crypto returns: Study
10.7.2023
The researchers also determined that “news sentiment” is a much less effective predictor of cryptocurrency returns
‘Bidenomics’ Agenda Struggles to Gain Support as Joe Biden’s Approval Ratings Plummet
4.7.2023
Over the past week, U.S. president Joe Biden has been engaged in discussions regarding his economic agenda, commonly referred to as “Bidenomics,” with the aim of establishing a strong groundwork for his 2024 reelection campaign. Emphasizing the potential to revive the cherished...
Is Fednow the First Step Towards a Central Bank Digital Currency? Speculations Rise Ahead of Launch
30.6.2023
In recent days, there has been a buzz surrounding the upcoming debut of the U.S. Federal Reserve’s Fednow project, slated for July 1, 2023. The discussions surrounding this topic have sparked speculation about whether this marks the central bank’s inaugural foray into a central bank...
Report: FTX Management Seeks Investors to Revive Defunct Crypto Exchange; Exchange Token FTT Surges
29.6.2023
FTX management is actively seeking potential participants to revive the formerly defunct crypto exchange, as reported by sources knowledgeable about the situation. CEO John J. Ray III and other FTX executives have reportedly engaged in preliminary discussions with prospective investors, who could...
Ethereum Core Devs Weigh Pros and Cons of Raising Validator Threshold From 32 ETH to 2,048 ETH
19.6.2023
Ethereum’s core developers are engaged in discussions about raising the validator threshold from 32 ETH to 2,048 ETH. This proposal, put forward by Michael Neuder, a researcher from the Ethereum Foundation, aims to address concerns related to decentralization, inflation, and the size of...
Ripple CEO Brad Garlinghouse: Former SEC Official William Hinman Received ‘Millions of Dollars’ From Law Firms With a ‘Vested Interest’ in His Speech
19.6.2023
Ripple CEO Brad Garlinghouse has blasted the enforcement approach of the U.S. Securities and Exchange Commission (SEC) after the release of the Hinman docs, which contain internal discussions that the institution had before the now famous 2018 speech offered by former SEC Division of Corporation...
Ripple CEO Brad Garlinghouse: SEC ‘Weaponized the Lack of Regulatory Clarity,’ Threw ‘an Entire Industry Into Chaos’
16.6.2023
Ripple CEO Brad Garlinghouse has criticized the role that the U.S. Securities and Exchange Commission (SEC) decided to assume against the cryptocurrency industry. After the release of the Hinman docs, which explain the internal discussions of the institution before the now famous Hinman speech...
Prometheum Testimony Raises Doubts: Crypto Community Questions Credibility Amid Regulatory Clarity Hearing
15.6.2023
The crypto community is abuzz with discussions on social media about the recent United States House Committee hearing held on June 13, 2023, which delved into regulatory clarity within the crypto industry. Notably, the co-CEO of an obscure cryptocurrency broker named Prometheum expressed support...
Altcoins Feel the Heat: Crypto Market Theories Run Wild, While Proponents Seek Guidance
11.6.2023
Amid the recent crackdown on two of the world’s largest crypto exchanges, cryptocurrency enthusiasts have been buzzing with discussions on various theories and investment strategies. While some have opted to sell their holdings in the face of uncertainty, others have taken a different...
South African Minister Tells BRICS Nations Not to Rush Decision on Common Currency
11.5.2023
The South African minister of international relations, Naledi Pandor, has urged Brazil, Russia, India, China and South Africa (BRICS) countries to be wary of making a hurried decision when they meet in August to discuss launching a common currency. Pandor said her country will “not shy away...
Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool Overflows
9.5.2023
This week, the Bitcoin community has been abuzz with discussions about the network’s scaling challenges. As the blockchain’s transfer fees continue to surge, the backlog of transactions stuck in the mempool has hit an unprecedented high. Crypto enthusiasts have been sharing their...
Bank of America: Threats to US Dollar’s Dominance Largely Domestic — Not BRICS Currency or Chinese Yuan
9.5.2023
Bank of America has warned that the key threats to the U.S. dollar’s dominance are largely domestic, as opposed to competition from other currencies, including a BRICS currency. “U.S. fiscal brinkmanship, with risks for government shutdown, or even worse a default, keeps coming up during debt...
Russia Monitoring US Economy Amid Possible Default, Says Official
3.5.2023
Russia is closely monitoring the U.S. economy amid discussions of the U.S. government defaulting on its debt obligations. Treasury Secretary Janet Yellen said the Treasury will be unable to pay the government’s bills if Congress does not act by June 1. Russia Monitoring US Economy in Case of Debt...
Russia Actively Discussing BRICS Expansion With Member Nations, Official Reveals
29.4.2023
A Russian official has revealed that regular discussions are being held between Russia and other BRICS member nations regarding the expansion of the economic group. “This requires a thorough analysis and delicate internal work by the five countries to reach a consensus,” according...
US Government in Talks to Rescue Struggling First Republic Bank, Sources Say
28.4.2023
Sources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The discussions involve the U.S. Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve, according to reports on Friday. Private-Sector...
BRICS ‘Getting Applications to Join Every Day,’ Attracts 19 Requests Before Summit
25.4.2023
Over two dozen nations have applied for BRICS membership ahead of its upcoming annual summit, the representative of the hosting nation revealed in an interview. The organization which unites leading emerging economies will discuss its enlargement in early June. BRICS to Talk Expansion as Number...
SAI․TECH’s SAITIME 2023 Will Unveil Revolutionary Products for Mining and Computing Industry
20.4.2023
PRESS RELEASE. SINGAPORE – SAI.TECH Global Corporation, a clean-tech company specializing in Bitcoin mining, heating, and power industry, hosted its virtual corporate annual conference, SAITIME 2023 on April 20th at 08:30 EST. The virtual conference was hosted by founder & CEO Arthur...
CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs
16.4.2023
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading...
Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
13.4.2023
According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their...