Fiat-based stablecoins, like the dollar, have shown higher growth, Treasury says. These assets play an integral role in transactions between cryptocurrencies, they indicate. The United States Department of the Treasury published a report this week in which it points out that stablecoins are increasingly choosing to maintain important short-term US Treasury guarantees. The document expects … Read more
26 Eurasian countries make up the SCO, including main members and partners. The Secretary General of the SCO said that they seek the formation of a new world order. The Shanghai Cooperation Organization (SCO) has decided to follow the path marked by the BRICS alliance, now that it has ten member countries, fourteen partners and … Read more
Beyond the various economic calendar data expected for this week, there are three that could particularly have an impact on the financial markets. Of course, this includes the bitcoin (BTC) and cryptocurrency sector, so it should not be overlooked by its traders. On Thursday, October 31, The personal consumption expenditure (PCE) index of the main … Read more
Russia concluded its presidency of the BRICS alliance with important advances in the development of models to reduce dependence on the dollar, as stated by Russian Vice Foreign Minister Sergey Ryabkov during a press conference following the association’s summit in the Russian city. from Kazan. Ryabkov indicated that the country transfers to Brazil the responsibility … Read more
The summit brings together 20 thousand attendees from 33 countries, who discuss their geopolitical challenges. The BRICS are looking for alternatives to the dollar, while Putin rules out the viability of a single currency. The 16th annual BRICS summit, being held in Russia for the first time in nine years, opened yesterday with a speech … Read more
The government of Javier Milei announced yesterday, Monday, October 21, the suppression of the Federal Public Revenue Administration (AFIP) and its replacement by the Customs Collection and Control Agency (ARCA). This change, however, does not alter the current tax system in Argentina. Presidential spokesperson Manuel Adorni communicated that the AFIP will cease to exist, giving … Read more
According to reports, in Russia all they talk about is “Putin’s plan to defeat the dollar.” One of the pillars of the so-called collapse of the dollar is expected to be the BRICS payment system. Dmitri Medvedev, the vice-chairman of Russia’s Security Council, laid out a challenging view on his country’s foreign policy, stating that … Read more
The price of bitcoin has reacted calmly to Israel’s new attack on Gaza. Israel sees the end of the war close, while Iran sees the beginning of a new war phase. Financial markets, including bitcoin (BTC), have started today’s day on the rise, after the new geopolitical situation in the Middle East that changes the … Read more
If the issuance of coins is not limited, inflation will not decrease, Milei recalled. Exchange control will be eliminated when a series of conditions come together, there is no date. During his participation in the 2024 Monetary and Banking Conference of the Central Bank of Argentina, President Javier Milei explained the plan that he has … Read more
In a new turn of events, India, a member of the BRICS bloc, announced that it will not abandon the US dollar, expressing its disagreement with the de-dollarization agenda that has enveloped the global financial landscape in recent months. According to the most recent statements from India’s foreign minister, Subrahmanyam Jaishankar, the country is not … Read more