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China Faces Opposition to Rapid BRICS Expansion From India and Brazil, Report


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...

Algeria Readies $1.5B BRICS Bid: Major Move for Membership in the Cards?


As quoted by Ennahar TV, Algerian president Abdelmadjid Tebboune has signaled that Algeria — Africa’s largest nation — is eager to align itself with the BRICS coalition. He conveyed that this significant alignment with the five major emerging economies could potentially unlock unprecedented...

Iran Looking to Replace Dollar With Dinar in $10 Billion Trade With Iraq


Iran’s government considers employing the Iraqi dinar in bilateral trade with Iraq in a bid to further curtail the dominance of the U.S. dollar. The annual turnover between the two neighboring nations exceeds $10 billion with millions of pilgrims and health tourists crossing the border each year....

Binance Reportedly Denied Crypto License in Germany


Germany’s financial regulator has refused to grant Binance a crypto custody license, according to a media report. A rejection would prevent the exchange from advertising and growing in the major European market and deal another blow to its efforts to do regulated business on the Old Continent....

Binance Exits Dutch Market Following Unsuccessful Bid for VASP License


Binance crypto exchange has decided to withdraw from the Dutch market following an unsuccessful attempt to obtain a virtual asset service provider (VASP) license from the Dutch regulator. The platform is no longer accepting new users to register from the Netherlands.... Read More: Binance Exits...

Egypt Applies for BRICS Membership, Seeks Trade in National Currencies


Egypt has filed an application to join the BRICS bloc, Russia’s ambassador to the Arab nation confirmed. The government in Cairo is interested in using alternative currencies in foreign trade, either national fiats or a new common currency, the diplomat unveiled. Egypt Takes Step to Join BRICS...

Fahrenheit wins bid to acquire Celsius assets after insolvency


Fahrenheit recently won the bidding process to acquire Celsius Network’s assets after insolvency. According to the court filings, Fahrenheit has gained access to 2 billion dollars worth of Celsius Network assets. The filings also mention that the group will gain Celsius’ loan portfolio mining unit...

Fahrenheit Chosen As Winning Bid in Celsius Bankruptcy


Bankrupt crypto lender Celsius Network LLC has chosen Fahrenheit as its winning bid, which will provide the capital and team to operate a new company. Fahrenheit, which consists of a group of crypto firms, was selected as the winning bid on Thursday morning, according to a press release.  The...

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