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China’s Trade With BRICS Surges: A $653 Billion Boost in Emerging Markets


China’s trade with BRICS countries surged by 5.1% year-on-year, reaching 4.62 trillion yuan (approximately $653 billion) in the first three quarters of 2024. Officials emphasized the importance of BRICS as a crucial platform for developing nations to collaborate, particularly in sectors like steel...

Putin Reveals Over 85% of CIS Trade Now in National Currencies


Russian President Vladimir Putin announced that more than 85% of trade within the Commonwealth of Independent States (CIS) is now conducted in national currencies, highlighting a move toward greater financial independence. This development is part of broader efforts by CIS countries to reduce...

Atomic Swaps: A Deep Dive into Trustless Cross-Chain Trades


In the rapidly evolving landscape of cryptocurrency, the ability to trade assets across different blockchain networks without relying on centralized […] The post Atomic Swaps: A Deep Dive into Trustless Cross-Chain Trades appeared first on

India Denies Targeting US Dollar as Dedollarization Reshapes Global Trade


India’s External Affairs Minister S. Jaishankar clarified that the country is not targeting the U.S. dollar in its economic policy, despite shifts in global trade and currency usage. Speaking in Washington, he emphasized that India’s trade adjustments are driven by practical concerns...

BRICS Unified Currency Deemed Premature by Russian Official


Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial sovereignty and exploring national currencies...

JPMorgan: Gold and Bitcoin Surge as Debasement Trade Gains Momentum


Global investment bank JPMorgan’s analysts have highlighted the growing impact of the “debasement trade” in boosting gold and bitcoin prices. Gold’s rise is linked to inflation, geopolitical instability, and waning trust in fiat currencies. Both institutional and retail...

Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn


Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders...

Russia-China Trade Grows Despite Global Challenges, Putin Highlights


Russian President Vladimir Putin marked the 75th anniversary of the People’s Republic of China by praising the solid partnership between Russia and China. He emphasized the resilience of their economic relationship and increasing trade despite international challenges. Putin also highlighted...

US License Expiration Imperils Russia-China Trade in Chinese Yuan


A U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and more expensive for Russian businesses to trade with China in yuan. The yuan is currently the most traded foreign currency in Russia after Western sanctions...

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