The BRICS have officially decided to leave the dollar. In the meantime, the question of the currency's use in settling international transactions seems to be a point of contention between the member countries. Here's what it's all about.
What is the state of crypto adoption in the Maghreb? It's not an insignificant question, especially as the region is far from being the continent's crypto powerhouse. Sub-Saharan Africa is leading the way, driven in particular by Nigeria. Figures show that in this West African country, more and more people are holding cryptos or are aware of their existence. In fact, several Maghreb countries are not far behind in this dynamic, even if the relative weakness of this craze must be acknowledged. In what follows, we look at the trends in crypto adoption in the Maghreb and the reasons behind them.
China's hegemonic ambitions in the economic sphere have been well-known. The desire of the Asian giant and its BRICS partners to move away from the dollar is essentially an expression of this ambition. This ambition has recently seen progress involving the euro, the currency used in the European area.
After coming perilously close to the worst during the crypto exchange FTX's fall, Solana has skyrocketed in the charts. Staking the Solana (SOL) cryptocurrency, which is now one of the top-performing cryptos of 2023, has generated over 200% in profits throughout the year. A performance that completely outshines that of its competitor, Ethereum.
"The Bitcoin Spot ETF is a financial product that allows investors to access the Bitcoin market without directly owning the cryptocurrency. According to a study by Galaxy Research, the Bitcoin ETF could experience tremendous success in the years to come. Details below!
The year 2023 will be remembered as a tumultuous period for cryptocurrency investors. While the market faced challenges, such as the overall cryptocurrency market cap contraction, Ethereum's depreciation, and a decline in total value invested in decentralized finance (DeFi), it also witnessed significant progress. Among these advancements, notable developments include continued institutional adoption, a growing interest in layer 2 solutions, and, most importantly, significant changes in cryptocurrency regulation. This article will specifically explore the recent developments in cryptocurrency regulation within the EU and on a global scale. Let's take a closer look.
On Monday October 23, the Depository Trust and Clearing Corporation (DTCC) had listed BlackRock's iShares Bitcoin Trust (iBTC), to which it had added the ticker. This symbol, used to identify the asset manager's ETF, was withdrawn on Tuesday October 24. The latest news confirms the relisting of BlackRock's Bitcoin ETF.
A Chinese multinational has just made its first-ever purchase of oil using the digital yuan (CBDC). The petrodollar is facing challenges.
The rapid rise of Bitcoin has not only been a windfall for optimistic investors. It has also triggered an unexpected wave of liquidations, hitting hard traders who had bet on a drop in the digital currency. A true earthquake in the volatile world of crypto, where nothing is ever truly predictable.
Bitcoin, the digital currency often seen as the barometer of the entire crypto market, has seen a meteoric rise. But what are the reasons for this rise, and what are the stakes for the future?
New York investment bank Morgan Stanley suggests that bitcoin is slowly entering a bull market.
Today, within the Eurasian Economic Union, economic transactions are settled with national currencies, which are increasingly overshadowing the dollar. Most economic exchanges involving Russia are now conducted in rubles. The euro and the dollar are undergoing displacement. This transformation in the global financial landscape cannot go unnoticed. The possibility of a common commercial currency emerging within the BRICS is back at the center of discussions. In a recent interview, Russian economist and politician Sergei Glaziev dropped a bombshell: a common BRICS currency is inevitable. Details.
MicroStrategy, long seen as a Bitcoin stalwart, is actually eclipsed by an elusive player, Block.One. But who is this giant lurking in the shadows?
Ensuring that the digital euro doesn't become a tool for surveilling Europeans. This is, in a way, the wish of the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS). These entities have recently called on the EU to establish a “privacy protection threshold” for cryptographic transactions in the euro. Let's take a closer look!
China has formally expressed its opposition to the rise of cryptocurrencies. In a recent detailed economic statement, the Middle Kingdom reaffirmed this stance and announced its determination to toughen its position on the matter.
Since June, bitcoin (BTC) had been struggling to reach the $30,000 valuation mark it had reached a few months earlier. Now it's done it again. In the following lines, we'll explain what's behind this latest upturn in the market for the flagship crypto.
The ascent of cryptocurrency in the modern economic world is undeniable. At the heart of this revolution, XRP, whose reputation is steadily growing, has just received a significant vote of confidence from the Old Continent. The Banque de France appears ready to adopt this token for its digital euro project.
The explosive rise of Bitcoin and crypto in general is undeniable. Among the many harbingers of this new financial era, the announcement by Standard Chartered, a colossal $840 billion bank, to enter the Bitcoin arena is undoubtedly one of the most significant.
While Bitcoin reached $30,000 this Monday and seems to be gearing up for a new rally, it's not yet time to celebrate, according to highly followed crypto analyst Benjamin Cowen. In an interview with Scott Melker, the expert predicted an imminent sharp drop in Bitcoin's price ahead of the expected halving in April 2024. Find out more in this article.
The financial market is eagerly awaiting the possible approval of a bitcoin spot ETF. In this regard, Fidelity, Ark Invest, and Invesco have recently updated their requests with the SEC. This is in response to letters demanding clarification on the matter. The crypto community perceives this action as a positive sign of ongoing dialogue between the companies and the regulatory authority.
Rumor has it that the SEC is about to approve Ishares' Bitcoin ETF. Verdict tomorrow.
The US government currently holds 200,000 Bitcoin (BTC). Yet it seems in no hurry to sell this colossal treasure.
It's a fact: decentralized finance (or DeFi) and crypto are well and truly present on the European market. In a detailed report, the European Securities and Markets Authority (ESMA) takes a close look at this new financial era. Read on for more details!
When we talk about a monetary revolution, it's not just about crypto. Russia, in particular, stands out as a key player. With an ambitious plan for 2025, the country aims to reshape the global financial landscape, going beyond merely integrating its digital currency and forging deep strategic alliances. Let's decode this bold Russian strategy together.
Fervent Bitcoin (BTC) advocate, Arthur Hayes, has predicted that the asset will see its price skyrocket to reach a valuation of one million dollars. This could happen if the company BlackRock obtains the Bitcoin ETF they have filed for. However, this perspective, although initially interesting for the crypto industry, does not reassure the investor.
The crypto space is a constantly evolving arena, and in the midst of this dynamism, Cardano (ADA) boldly emerges, redefining industry standards.
It's going to be a “long and painful” war, warned Israeli Prime Minister Benjamin Netanyahu last Sunday. Following the series of deadly surprise attacks by Hamas last Saturday, the world is inexorably witnessing yet another bloody Israeli-Arab conflict. At present, provisional reports indicate more than 700 deaths and 2,000 injuries on the Israeli side and approximately 400 deaths on the Palestinian side. Strangely, the 'Al-Aqsa deluge' has not yet affected the cryptocurrency market. However, the crypto community remains on alert.
Billionaire Elon Musk purchased Twitter last year, a highly publicized acquisition that continues to make waves. Meanwhile, the platform's leaders are strategically positioning it within the crypto ecosystem.
The Iraqi government will ban all cash withdrawals and transactions in US dollars starting from January 1, 2024.
One Step Forward, Two Steps Back: SEC Approves Bitcoin/Ethereum Futures ETFs, but Remains Cautious on Bitcoin Spot ETFs. Crypto Community, Financial Institutions, and U.S. Officials Grow Impatient. When Will Gary Gensler's Team Decide on Bitcoin Spot ETFs? A Former BlackRock Executive Shares Insights.