Recent data from the local Ministry of Finance highlights Algeria's accession to the New Development Bank (NBD) of the BRICS, an entity that seeks to distribute resources to finance plans in emerging markets and developing countries.
Algeria is now part of the entity that unites the “group of large…
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US Dollar
Russia works on two crypto exchanges and stablecoins linked to the Chinese yuan
Reports linked to the BRICS group suggest that Russia would be working on two crypto exchanges and stablecoins linked to the Chinese yuan as new payment systems on the path towards the de-dollarization of its economies.
Reports have…
BRICS payment system will be adopted by 160 countries
The BRICS group is ready to launch its own payment system, which will be called Brics Pay and which, according to recent data, would be adopted by 160 countries.
The group, made up of Brazil, Russia, India, China and South Africa, has a…
El Salvador proposed using Bitcoin for trade with Russia
El Salvador has proposed using Bitcoin in commercial transactions with Russia because the official currency of the Central American nation is the US dollar, which makes settlements between both nations difficult.
The proposal was confirmed…
BCV: Venezuela registered an inflation of 4.1 % in the first quarter of 2024
Venezuela registered an accumulated inflation of 4.1 % in the first quarter of the year, after adding 1.2 % in March, the same as in February and 1.7 % in January, reported the Central Bank (BCV).
The 1.2 % rate is the lowest the nation…
The BRICS approve the entry of new members
This Thursday, during the BRICS meeting in South Africa on the occasion of the group's fifteenth summit, the entry of new members was announced: Iran, Saudi Arabia, United Arab Emirates, Argentina, Egypt and Ethiopia.
The extension of the…
Experts analyze bitcoin’s capacity in the face of falling oil
This Monday, April 20, the price of a barrel of oil suffered a historic drop in the oil market when, for first time, the future values of the reference US crude West Texas Intermediate (WTI) fell below US $ 0 yielding negative balances of…
Demand for cryptocurrencies in Argentina is increasing
Argentine news agency Télam reported that cryptocurrency transfers abroad are increasing in the South American country. Financial operators recognized that more and more people are seeking to trade with these assets. According to the…
Cryptocurrencies on the focus of central banks
The volume of countries that show interest in cryptocurrencies increases daily. The US, India, Cambodia, Cuba and the United Kingdom are considering the creation their own digital currency backed by central banks.
The incidence has lead…
WisdomTree Investment announces the new stablecoin backed by fiat currencies
The management company of financial assets and publicly traded funds in New York-based stock exchanges, WisdomTree Investment, announced plans for the creation of a new stablecoin that complies with all the respective regulations to operate…
Stablecoin Frax could become a threat for the US dollar
Stablecoin Frax could transform in the worst nightmare of regulators led by Stephen Moore, former nominee of the Federal Reserve of Donald Trump, who made the announcement, and reported that Frax will be linked to the US dollar with the…