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UN Secretary General Antonio Guterres Calls for Reform of ‘Outdated, Dysfunctional, and Unfair’ Global Financial Architecture
28.8.2023
Antonio Guterres, Secretary General of the United Nations (U.N.), has noted changes that need to happen with today’s financial institutions to fit into the current multilateral world. During the recent BRICS leaders summit, Guterres said that the current “outdated, dysfunctional,...
B20 Summit 2023: PM Modi asks for global crypto framework
28.8.2023
The Indian Prime Minister, Narendra Modi, addressed the crypto talk at the B20 summit recently. The PM talked to business leaders, asking for new ideas surrounding AI and crypto. Moreover, PM Modi stated that an integrated approach is needed to address issues related to crypto. Organized by...
Indian PM Modi calls for global cryptocurrency framework at G20 Summit
28.8.2023
India has advocated for a global crypto framework for years, however, back home, the crypto ecosystem is still looking for a clear regulatory framework and simpler taxation
Oil Giants Joining BRICS a Strategic Success for China and Russia, Expert Says
28.8.2023
A German expert says that the BRICS economic bloc adding several oil giants as new members “is a strategic success for China and Russia.” The BRICS leaders announced at their annual summit last week that they have invited Saudi Arabia, the UAE, Iran, Argentina, Egypt, and Ethiopia to join as...
Analysis Says 2024 Halving Could Push Bitcoin to $400K, BRICS Declares Importance of Local Currencies in Trade — Week in Review
27.8.2023
This week’s hottest stories detail a potential skyrocketing of bitcoin’s price to $400,000, connected with the upcoming 2024 halving event, emphasis on trade in local currencies made at the conclusion of the recent BRICS summit in South Africa, and claims of 260% faster hash detection...
All Nations Invited to Join BRICS Said ‘Yes’ to Membership: Russian Diplomat
27.8.2023
The six countries that received an invitation to become members of BRICS at its summit have confirmed their decision to join the bloc, one of Russia’s top diplomats unveiled. The high-ranking official added that at this point in time it would be premature to name those in the next batch...
South African Official: Common Currency Requires Central Bank, Threatens Monetary Policy Independence
26.8.2023
South Africa’s minister of finance has explained why he believes that no country is ready for a common currency, including a unified BRICS currency. “Setting up a common currency presupposes setting up a central bank, and that presupposes losing independence on monetary policies, and I don’t think...
Ministry of Economic Development of Russia Pessimistic About Quickly Advancing BRICS Common Currency Proposal
25.8.2023
The Ministry of Economic Development of Russia does not expect the rapid development of a common currency for the BRICS bloc. Deputy Economic Development Minister Vladimir Ilyichev stated that “quick breakthroughs” on this issue are unlikely to happen during the ongoing BRICS summit...
BRICS States Should Tackle AI Risks Together, Xi Jinping Says
25.8.2023
BRICS nations should address the risks related to artificial intelligence (AI), Chinese President Xi Jinping said during the group’s summit in South Africa. China’s leader is also convinced that the members of the economic bloc must work to standardize the technology. BRICS Should Strive for...
BRICS Leaders Declare Importance of Using Local Currencies in International Trade
25.8.2023
The BRICS leaders stress “the importance of encouraging the use of local currencies in international trade and financial transactions” in their declaration released at the conclusion of their 15th annual summit. In addition, the BRICS nations have tasked their finance ministers and central...
BRICS Invites 6 Countries to Join, Including Saudi Arabia, UAE, Iran
25.8.2023
The BRICS economic bloc has invited six countries to become new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. The BRICS leaders wrapped up their 15th annual summit on Thursday. “We have reached agreement on the guiding principles, standards, criteria,...
BRICS Countries Can Use India’s UPI Instant Payment System, Prime Minister Modi Suggests
24.8.2023
Member states of the BRICS bloc can follow the example of other nations and start using India’s Unified Payments Interface (UPI) system, according to Prime Minister Narendra Modi. The country is a leader in digital transactions, the head of the Indian government said in South Africa where...
BRICS Discussing Single Unit of Account, Alternative to Dollar, Russian Finance Minister Says
24.8.2023
The BRICS members are mulling over the possible launch of a common unit of account, Russia’s Minister of Finance Anton Siluanov unveiled. This would be an alternative to the U.S. dollar that can be used to denote the cost of some commodities, for example, but not a single currency like the euro...
Brazil’s President Says BRICS Not Seeking to Counter US, G7, or G20 — Pushes for BRICS Currency
24.8.2023
Brazil’s President Luiz Inacio Lula da Silva has stated that the BRICS economic bloc does not want to be “a counterpoint to the G7, G20, or the United States,” emphasizing that the BRICS nations “just want to organize ourselves.” The Brazilian leader also pushed for “the creation of...
Xi Jinping: BRICS to Forge Stronger Partnership, People Do Not Long for New Cold War or Small Exclusive Bloc
24.8.2023
Chinese President Xi Jinping stated at the BRICS summit that “What people in various countries long for is definitely not a new Cold War or a small exclusive bloc.” He stressed that the BRICS group will expand and promote global multipolarity. “Hegemonism is not in China’s DNA; nor does China have...
Russian President Putin to BRICS Leaders: Irreversible Process of De-Dollarization Gaining Steam
24.8.2023
Russian President Vladimir Putin said at the BRICS summit that “A balanced, irreversible process of de-dollarization of our economic ties is gaining steam.” The Russian leader stressed: “We oppose hegemonies of any kind and the exceptional status that some countries aspire to, as well as the...
BRICS Bank to Issue First Indian Rupee Bond — Plans to Boost Local Currency Lending
23.8.2023
The New Development Bank (NDB), also known as the BRICS Bank, is reportedly planning to issue its first Indian rupee bond by October. Last week, the bank issued its first South African rand bond. “NDB is seeking to increase its presence in the local capital markets of its member countries,...
Official Hints China Could Pit Expanded BRICS Against G7
22.8.2023
China may be in the process of building an expanded BRICS to pit the bloc as a geopolitical rival for the Group of Seven (G7) nations, as per statements from a Chinese official. In its upcoming summit that will take place in Johannesburg, the bloc will discuss the conditions of adding nations like...
Blockchain takes the stage at Longevity+DeSci summit in New York
22.8.2023
This year’s Longevity+DeSci Summit in New York City showcased several decentralized solutions
All about the ‘Proof-of-Work Summit’, taking place in Prague on September 25-27, 2023!
22.8.2023
The ETC Cooperative and Litecoin Foundation have joined forces to bring the first ‘Proof-of-Work Summit’ to life in Prague, Czech Republic, from September 25 to 27, 2023. It seemed fitting that the first Proof-of-Work (POW) Summit be hosted in Prague – the birthplace of...