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Indonesia Introducing New National Payment System to Protect Against ‘Geopolitical Consequences’
17.5.2023
Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank...
Iraq Issues Ban on US Dollar Transactions to Bolster Usage of Iraqi Dinar
16.5.2023
The government of Iraq issued a ban on using the U.S. dollar for conducting business transactions on May 14. The ban, which is already in effect, is designed to bolster the usage of the Iraqi dinar, the fiat currency of the country, and to reduce the influence of the dollar and its exploitation...
Brazil’s President Lula Voices Support for BRICS Currency
27.4.2023
Brazil’s president, Luiz Inacio Lula da Silva, has expressed support for the creation of a BRICS currency. His statement of support comes as the BRICS bloc is gaining global influence, with 19 countries seeking to join the group. Brazilian President Lula Supports BRICS Currency Creation Brazilian...
Financial Analyst Charles Nenner Warns About the End of the US Dollar and Its Consequences
22.4.2023
Charles Nenner, a financial analyst that served as head of market timing for Goldman Sachs for more than a decade, has warned about the end of dollar hegemony and its consequences for the U.S. According to Nenner, the BRICS bloc and the influence of Saudi Arabia will end the dollar as a reserve...
How Blockchain Pioneers David Rojas and Ashissh Raichura Are Disrupting the Industry With Their Vision and Leadership
21.4.2023
Blockchain technology has been a significant disruptor in various industries over the past decade, and it’s only expected to continue growing in influence and adoption in the coming years. In particular, David Rojas and Ashissh Raichura have earned a reputation as industry leaders...
BRICS De-Dollarization Push, China, and Crypto Threaten US Dollar’s Dominance: Analyst
19.4.2023
Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that...
Growing Links Between Middle East, Russia, China Pose Huge Challenge for US, Warns Former Treasury Secretary
17.4.2023
Former Treasury Secretary Lawrence Summers has expressed concerns that a rising number of countries, including China, Russia, and the Middle East, are aligning themselves and gaining global influence. “I think [it] is a huge challenge for the United States,” he cautioned. Larry Summers on Countries...
Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions
14.4.2023
Analysts have begun considering using a future BRICS currency to sidestep U.S. sanctions and the dollar’s influence in international markets. While the rise of the U.S. dollar was significant to spur an era of economic growth after World War II, the so-called weaponization of its ubiquitous...
BRICS Nations Push to Expand Global Influence to Counter the West’s ‘Destructive Actions’
13.4.2023
The BRICS nations are focusing on increasing their international roles and “enhancing coordination on key multilateral platforms,” Russia’s Minister of Foreign Affairs reportedly revealed after a meeting with BRICS ambassadors. He stressed “the need for joint efforts to counter destructive actions...
Mounting Trend of Challenges to USD Hegemony Reported: Saudi Arabia, BRICS; Ron Paul Weighs in on Potential Fall of Dollar as Reserve — Week in Review
9.4.2023
The United States dollar has been a hot topic in recent weeks, with multiple reported developments occurring globally which could signal significant moves toward de-dollarization in large economies. Former U.S. congressman Ron Paul also noted this week that if the USD’s influence as a reserve...
Ron Paul on the Fall of the US Dollar as Reserve Currency: ‘It’s Always Longer Than Some Predictions’
4.4.2023
Ron Paul, a former U.S. representative and member of the Libertarian Party, has addressed recent events directed to undermine the influence of the U.S. dollar as a reserve currency in international markets. Paul believes that even if this does happen, it will probably take more time than some...
Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials
28.3.2023
Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against...
Bitcoin Price and Ethereum Prediction: Will US CPI and Retail Sales Data Influence Price Movement Today?
15.3.2023
The cryptocurrency market has been volatile in recent weeks, with Bitcoin and Ethereum experiencing significant price swings. Traders and investors are closely monitoring the impact of macroeconomic data on digital asset prices. Today, all eyes are on the US Consumer Price Index (CPI) and Retail...
Crypto Dominates as Payment Method for Remote Workers in Latam
20.2.2023
Most remote workers in Latam prefer to get paid in crypto, according to the latest report from the Deel Lab for Global Employment. The reasons behind the finding are said to be diverse, but include the instability of some of the local fiat currencies, and the influence of high levels of inflation...
US Judge: Sam Bankman-Fried Attempted to Influence Witness via Encrypted Messenger App
28.1.2023
Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, has allegedly tried to influence some potential witnesses of his trial via encrypted messaging software Signal. ...
Read More: US Judge: Sam Bankman-Fried Attempted to Influence Witness via Encrypted Messenger App
DOJ Claims Sam Bankman-Fried Tried to Influence Witness Testimony, Asks for Communications Ban
28.1.2023
Federal prosecutors wrote a letter to U.S. District Court Judge Lewis Kaplan on Friday, requesting that he modify the conditions of Sam Bankman-Fried’s bail to include ban on private communications with current and former employees of FTX and Alameda Research
Reviewing El Salvador’s Bukele Predictions for 2022: What Went Wrong?
2.1.2023
Nayib Bukele, president of El Salvador and die-hard Bitcoin enthusiast, formulated a series of predictions about the behavior of bitcoin and the crypto ecosystem for the past year. These included the top price of bitcoin, the influence of the cryptocurrency on U.S. elections, the issuance of...
Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability
30.12.2022
Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange market. Analysts have recently linked the situation in peer-to-peer (P2P) crypto markets to...
Report: Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto
20.12.2022
Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 2007, a report has said. A Nigerian lawmaker, Babangida Ibrahim, suggested that the Central...
Binance’s Lack of Transparency on FTX Bid Could Influence UK Lawmakers' Crypto Recommendations: Report
17.11.2022
Treasury Committee member Alison Thewliss said the group felt Binance's submission on FTX was not detailed enough