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BIS distances from Project mBridge amid BRICS sanctions concerns
31.10.2024
Economic sanctions have a profound effect on international financial architecture, it turns out
Russia’s Bitcoin, AI play with BRICS is ‘game theory’ in motion: Analyst
31.10.2024
Russia’s plan to build out Bitcoin mining in other countries could inspire other nations to do the same domestically.
Over 30 Nations Seek Stronger BRICS Ties — Russia Leads Strategic Talks
31.10.2024
Russia reveals that over 30 nations are pursuing deeper engagement with BRICS, aiming to finalize an expansion list by the year’s end amid unprecedented alliance growth. Russia Confirms Over 30 Countries Eye Deeper BRICS Alliance Russia plans to consult with over 30 countries interested in deeper...
BIS Considers Ending Mbridge Project Over BRICS Connections, but Is It Too Late?
30.10.2024
While conversations about ending the CBDC-enabled international settlements project have focused on its links to BRICS, Mbridge has already reached the MVP stage, and members could choose to continue it without support from the BIS. BIS Considers Ending Mbridge Project, BRICS Countries Could Use...
Putin Declares ‘The Time Has Come’ for BRICS to Build Its Own Financial Platform
30.10.2024
Russian President Vladimir Putin has emphasized that “the time has come” for BRICS nations to create an economic platform to unlock their growing economies’ potential. A New Era Begins? Putin Says It’s Time for a BRICS Investment Platform Russian President Vladimir Putin...
US Sanctions on Russia Backfire, Elevating BRICS as a ‘Genuine Financial Threat’
30.10.2024
Western sanctions on Russia have backfired, bolstering BRICS as nations seek alternatives to Western financial control, according to a former U.S. state senator. Former Senator: US Sanctions on Russia Empower BRICS as Financial Threat Former Virginia State Senator Richard Black has claimed that...
Escaping Financial Control: Why BRICS Is Shifting Away From US Dollar System
29.10.2024
Why BRICS nations are moving away from the U.S. dollar system: a Russian official described a strategic shift attracting countries looking beyond Western-led systems. A New Era of Sovereignty: BRICS Shifts From Dollar Dependency for Independence Russian Deputy Foreign Minister Mikhail Bogdanov...
BRICS, SCO Align on Unified Payment System to Reduce Dollar Reliance
29.10.2024
The Shanghai Cooperation Organization (SCO) is advancing talks on a unified payment system to increase national currency use, aligning with BRICS efforts to counter Western economic dominance. A New Era? SCO’s Talks on Unified Payment System Revealed Shanghai Cooperation Organization (SCO)...
Bitcoin mining stocks rocket 24% on macro climate, AI play: Analyst
29.10.2024
Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said
Latam Insights Encore: Brazil’s Determination to Build a New Financial System Will Guide BRICS Toward a Common Currency Agreement
28.10.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how Brazil’s firm determination to push the world toward a multipolar financial system can pay off in the long term. As the next...
Latam Insights: Brazil Pushes for BRICS Unified Financial System, Milei Axes Tax Enforcement Agency
27.10.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil declares the necessity of creating a BRICS-centric financial system, President Javier Milei axes the tax collection agency in Argentina, and crypto...
Kiyosaki’s Inflation Advice, AI Bitcoin Price Forecast, and More — Week in Review
27.10.2024
Get the biggest stories of the week all in one place, including Kiyosaki’s advice for surviving inflation, AI forecasts for BTC’s price post U.S. election, and more. Top Stories This Week: Kiyosaki’s Survival Tips, AI Bitcoin Forecasts, and BRICS’ Dollar Dependence...
Russia Drives Dedollarization Forward With BRICS — Brazil Now Leads Next Steps
27.10.2024
Russia’s push for BRICS to abandon the U.S. dollar has reached critical milestones, with formalized agreements and functioning alternatives to Western financial systems now in place. BRICS Pushes Dedollarization and Financial Autonomy Forward At the recent BRICS summit in Kazan, Russian Deputy...
BRICS Leaders Push for Local Currency Network, Diminishing US Dollar Role
27.10.2024
BRICS leaders have declared their commitment to a local currency payment network designed to revolutionize cross-border transactions and reduce reliance on the U.S. dollar. BRICS Leaders Commit to a Groundbreaking Local Currency Payment Network At the 16th BRICS Summit in Kazan, Russia, BRICS...
5,000 Delegates Gather as BRICS Charts a Path to Sidestep Western Influence
27.10.2024
With 5,255 delegates attending, the 16th BRICS Summit in Kazan focused on building a “multipolar world order” and reducing reliance on dollar-based systems. With Over 5,000 Delegates, BRICS Summit Sends a Message to the Dollar’s Dominance More than 5,000 delegates gathered in Kazan for...
BRICS Isn’t Anti-West but Won’t Tolerate Western Currency Domination, Russian Official Says
26.10.2024
BRICS has condemned Western economic dominance and currency control tactics, accusing the West of using reserve currencies as “weapons” to maintain its monopoly. BRICS Says No to Western Monopoly, Criticizes Currency Control Strategies Russia’s Deputy Foreign Minister and BRICS Sherpa Sergey...
BRICS Payment System a SWIFT Substitute? Network to Implement Digital Assets and Financial Messages
26.10.2024
The Russian Finance Minister offered insight into the inner workings of the new BRICS payment system at the recent summit held in Kazan. Anton Siluanov stated that the modern system will take digital financial assets into account and will be able to deliver financial messages. BRICS Proposed...
BRICS Backs Russia’s Push for New Global Payment System to Counter Western Control
26.10.2024
Russia’s push for a BRICS payment system is gaining traction, with partners endorsing the plan to counter an “outdated, expensive, and ineffective” global framework. BRICS Partners Support Russia’s Plan for a New Payment System Russian Deputy Finance Minister Ivan Chebeskov announced that...
China’s Digital Yuan and BRICS’ Blockchain Move Against the Dollar
25.10.2024
The BRICS summit just concluded. China and the BRICS bloc are advancing significant projects to reduce their reliance…
Crypto Segment’s Move After De-Dollarization Talks at BRICS
25.10.2024
Russia hosted the BRICS summit at Kazan, welcoming participants from 36 nations to hold talks on several key…