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Rare Ape CryptoPunk sells for $1.5M amid market downturn
6.9.2024
CryptoPunk #6915, one of only 24 Apes, saw offers earlier this year of over $6 million, marking a 78% drop in value
China and South Africa Boost BRICS Ties: Key Outcomes from Xi’s Meeting With Ramaphosa
4.9.2024
China and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the importance of expanding BRICS and enhancing economic...
Russian Foreign Minister States Barter Trade Is Under Consideration for Bilateral Settlements With China
3.9.2024
Russian Foreign Minister Sergey Lavrov has emphasized that a barter trade system could be organized with China to overcome the current settlement problems. Lavrov noted that a similar system was studied by Brazil’s Lula outside the BRICS organization, proposing barter settlements among...
Why Gamescom Dominates Where E3 Failed
3.9.2024
Gamescom is something of an anomaly. The annual event, in the German city of Cologne (or Köln to the locals), is the largest, most visited gaming exhibition in the world, dwarfing its nearest rivals, and has outlasted many alternative public and industry events. It adapted rapidly to covid,...
SBI VC Trade and Metaplanet Team Up for Advanced Bitcoin Trading Solutions
3.9.2024
Metaplanet and SBI VC Trade have formed a strategic partnership to enhance bitcoin trading, storage, and management. This alliance aligns with Metaplanet’s “bitcoin first, bitcoin only” strategy, emphasizing BTC’s scarcity and decentralized nature. The partnership...
Metaplanet Teams Up With SBI VC Trade for Bitcoin Custody
2.9.2024
Metaplanet said it was adopting bitcoin as a reserve asset to hedge against the volatility of the yen in May and had accumulated a total of 360 BTC by mid-August
Payments in National Currencies Surge to 92% Among SCO Members
1.9.2024
Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran...
Indonesia and South Korea Sign New Local Currency Agreement to Boost Trade
1.9.2024
Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won. This initiative aims to reduce exchange rate risk and improve transaction efficiency by facilitating...
Oasys partners with financial giant to boost Web3 gaming in Japan
29.8.2024
The partnership strengthens SBI's position in the Web3 gaming sector while enhancing Oasys's token liquidity
Fed’s ‘sugar high’ may propel Bitcoin surge: Arthur Hayes
28.8.2024
Arthur Hayes connects Federal Reserve actions to a short-lived economic boost with ripple effects on Bitcoin and broader crypto markets, underscoring risks from yen carry trade unwinds
Crypto Startup Backed by Likes of Dragonfly Aims to Create Market to Trade Airdrop-Related Points
26.8.2024
Kraken Crypto Exchange Fined by Australian Court
24.8.2024
The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized...
China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation
24.8.2024
China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also...
Australian Regulator Wins Against Kraken’s Operator Bit Trade
23.8.2024
Australia’s Federal Court has found Kraken’s local operator, Bit Trade Pty Ltd, in contravention due to crypto regulations…
Australian regulator claims win over Kraken’s Bit Trade in federal court
23.8.2024
A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws.
Russian Finance Minister Discloses That Over 90% of Bilateral Trade With China Is Settled Outside the U.S. Dollar System
20.8.2024
Anton Siluanov, the Russian Finance Minister, pointed out that a majority of the bilateral trade with China is being conducted outside the U.S. dollar system. He stressed that over 90% of these transactions have been completed using national currencies (rubles and yuan) due to the risks associated...
India and Russia to Enhance Trade With Rupee-Ruble Payments
16.8.2024
India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With...
China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives
15.8.2024
Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside...
Bitcoin Crosses $61K as Traders Remain Cautious Ahead of U.S. CPI, Further Unwinding of Yen Carry Trade
14.8.2024
BTC beats the CoinDesk 20 during the Asia trading hours, while traders remain bullish on TON because of its GameFi integration
BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert
14.8.2024
The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored...