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Russia Pushes Digital Currency Plan for BRICS — Is This the End of Western Financial Dominance?
21.10.2024
Russian President Vladimir Putin has unveiled a plan to introduce digital currencies as a key tool for investment for the BRICS alliance. This proposal aims to boost economic growth in developing nations, with a focus on minimizing inflationary risks. By involving BRICS members and other developing...
Trump vs. Harris: Why Bitcoin Traders Are Bracing for a God Candle Event
20.10.2024
With just 16 days remaining until the U.S. election, bitcoin is now sitting at its highest price since the end of July. Many speculators are confident that a Trump victory would send bitcoin climbing to new peaks, a theory gaining traction among major financial institutions. While some believe...
Elon Musk Launches $1M Daily Giveaway Campaign — And Explains Why It’s So Important
20.10.2024
Tesla and Spacex CEO Elon Musk has launched a $1 million daily giveaway campaign, encouraging swing-state residents to sign a petition in battleground states. The billionaire gave the first $1 million to one man at a rally as he highlighted concerns about the country’s future and the urgent need...
Bollywood Star Linked to Crypto Scam? India Probes Deeper Into Betting Allegations
20.10.2024
Bollywood actress Tamannaah Bhatia is reportedly under investigation by India’s Enforcement Directorate (ED) for her alleged role in promoting the “HPZ Token” platform, which is accused of defrauding investors through cryptocurrency schemes. Authorities are probing her potential...
Crypto ATMs Coming to 45 New Locations Across Five US States
19.10.2024
Cryptocurrency is becoming more accessible across the U.S. with the expansion of digital currency kiosks to 45 new locations in the Southwest and Midwest. Yesway, a fast-growing convenience store chain, is partnering with Coinflip to bring crypto ATMs to its customers, offering a seamless...
Hong Kong’s Fraud Empire Collapses: How Triads, AI, and Fake Love Fuel Massive Crypto Heist
19.10.2024
Hong Kong police have dismantled a notorious fraud syndicate responsible for defrauding victims of HK$360 million using romance scams tied to fake cryptocurrency platforms. Arresting 27 individuals, some linked to triads, they revealed the sophisticated use of deepfake technology and digital media...
Fake Coinbase Sites Steal $20M — How Indian Man Led the Massive Crypto Fraud
19.10.2024
A cryptocurrency scam targeting Coinbase users has resulted in a significant theft of over $20 million. An Indian national, Chirag Tomar, was sentenced for orchestrating this scheme, where fake websites mimicking Coinbase led to victims surrendering credentials. U.S. authorities revealed...
Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control
19.10.2024
A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital...
$230M Bitcoin Heist Takes Dark Turn — $100M Still Missing, FBI Probes Kidnapping Link
19.10.2024
Two young men pulled off a $230 million bitcoin heist in one of the largest crypto thefts from a private individual in U.S. history. But after indulging in luxury cars and a $2 million watch, the story took a sinister twist. Now, prosecutors say the crime may be tied to a shocking kidnapping —...
Crypto Goes Mainstream: Blackrock Boosts North America’s $1.3T Inflows
18.10.2024
Cryptocurrency is increasingly integrated into the mainstream as North America continues to lead the global crypto market, receiving $1.3 trillion in onchain value between July 2023 and June 2024, according to Chainalysis. Institutional giants like Goldman Sachs and Blackrock are now taking serious...
Russia’s Digital Currency Measures Fail to Satisfy FATF, Blacklist Possible
17.10.2024
Russia’s financial regulator maintains that its anti-money laundering system, including strengthened virtual currency regulations, remains effective even if the country faces potential blacklisting by the Financial Action Task Force (FATF). The agency highlighted new federal laws addressing...
BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor
17.10.2024
A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed...
Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade
17.10.2024
Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands, discussions on alternative payment platforms are gaining momentum ahead of the BRICS summit in Kazan. Brazil aims...
Central Banks Boost Gold Holdings Amid Global Geopolitical Tensions and Economic Uncertainty
17.10.2024
Central banks from several nations have signaled a shift towards increasing gold reserves, citing geopolitical tensions and economic uncertainty. Officials from Mexico, Mongolia, and the Czech Republic expressed support for gold’s growing role, reflecting broader trends as central banks seek...
Russia Mulls Commodity Trading Centers to Bolster BRICS Economic Sovereignty
16.10.2024
Russia has just unveiled a plan to reduce its reliance on the US-dominated global financial system. The plan is seen as a response to crippling Western sanctions. The plan involves setting up mutual centers for trading commodity resources, which will allow Russia and its partners to bypass...
Ripple Invests $25M in Bitnomial’s Platform to Build Regulated Derivatives Market for Digital Assets Like XRP
16.10.2024
Crypto derivatives exchange Bitnomial is set to launch its U.S. perpetual futures trading platform, Botanical, backed by a $25 million round led by Ripple. The platform, integrating Ripple’s stablecoin RLUSD, aims to challenge decentralized exchanges and offshore models. Bitnomial’s...
Indian Police Crush ‘Goldcoat Solar’ Fraud — Binance Aids in Crypto Seizure
16.10.2024
Indian police, with support from crypto exchange Binance, have dismantled a fraudulent scheme run by M/s Goldcoat Solar, which posed as part of a national solar energy initiative. The criminals lured investors by impersonating officials and promising high returns. Multiple arrests were made,...
Analysts Link Bitcoin Rally to Trump’s Election Odds – Microstrategy Gains Set Stage for a Breakout
16.10.2024
Analysts at global research and brokerage firm Bernstein say bitcoin’s surge is fueled by Donald Trump’s rising chances in the 2024 election. They point to Microstrategy’s stock, soaring 191% this year, as a key signal of a looming market breakout. With Trump leading in key swing states,...
MiCA Spurs Major Shift in Euro Stablecoin Market, Kaiko Analysis Shows
15.10.2024
The European Markets in Crypto-Assets Regulation (MiCA) has made a noticeable impact on the euro stablecoin landscape, according to a fresh report by Kaiko. The research points out that MiCA’s rollout has triggered several delistings and adjustments to offerings on major exchanges. Study:...
$150M Crypto Scheme Leader Vanishes From US Detention, Active Manhunt Underway
15.10.2024
A German national accused of orchestrating a $150 million cryptocurrency fraud is now a fugitive after allegedly tampering with his ankle monitor while on home detention in New York. Prosecutors say he led a multi-level marketing scheme, promising massive returns, before siphoning off millions...