India and the Emirates reportedly settled an oil transaction in XRP instead of the dollar. A worrying signal for the dollar's hegemony?
While the global economic order has long been shaped by the hegemony of the US dollar, signs of an inevitable transition are multiplying. Today, a new milestone has been reached: for the first time in decades, the dollar's share of global reserves has fallen below 60%. This decline, far from being trivial, reflects profound changes driven by emerging economies, particularly the members of the BRICS bloc, who seek to redefine the rules of the global financial game. As central banks in developing countries turn away from the dollar to favor gold and their local currencies, a new monetary order may be taking shape.
X becomes a universal app. Will Dogecoin be a part of it? Fans speculate, Musk blows hot and cold.
Google and Amazon are showing a marked interest in the CBDC project of one of the leading BRICS nations. By partnering with the Reserve Bank of India, these tech giants aim to integrate the e-rupee, a digital version of the Indian currency, into their payment platforms. This initiative, beyond just a simple technological expansion, represents a significant advance for the BRICS ambitions to reduce dependence on the US dollar and to strengthen their overall economic influence.
In July, the US dollar deals a heavy blow to the currencies of BRICS member countries. Despite these nations' efforts to reduce their dependence on the dollar, it continues to strengthen.
Not content with drastically limiting how Iraq can spend its dollar reserves, the Fed now forbids it from using the yuan. When will it be bitcoin?
The decline of cash and ATMs in France paves the way for cryptocurrencies, despite the ECB's ambitions with the digital euro.
Russia warns that the dollar monopoly must end. Bitcoin is becoming an obvious choice, even for Trump...
The Russian president is closely interested in all alternative payment systems. Including CBDC and Bitcoin.
The international monetary system is in turmoil. The BRICS are exploring various avenues with varying degrees of success.
The Indian Prime Minister traveled to Moscow to address the issue of the Indian trade deficit.
Saudi Arabia threatens to sell European debt in case of seizure of Russian reserves.
The 2024 Shanghai Cooperation Organization (SCO) summit witnessed major geopolitical tensions. In a move that could redefine dynamics of international trade, India has officially rejected China's proposal to replace the US dollar with the yuan for trade. This decision marks a significant turning point in relations among BRICS members. India's firm stance reflects not only its economic concerns but also a growing distrust toward China's global ambitions.
The adoption of Shiba Inu by Kronos represents a major advancement for crypto payments in the technology sector.
Saudi Arabia has joined the mBridge international payment system project. Another step towards the end of the petrodollar and bitcoin...
The decoupling from the US dollar, a key ambition of the BRICS, has just suffered an unexpected blow. Despite years of concerted efforts to erode the dominance of the US dollar, a new report from the Atlantic Council reveals that these initiatives have failed to seriously threaten the supremacy of the greenback. This unexpected finding raises doubts about the viability of the economic strategies of the BRICS.
As the BRICS welcome new members and strengthen their de-dollarization agenda, a burning question emerges: could the Tether stablecoin (USDT) be the United States' secret weapon to preserve their economic hegemony? The implications for the crypto market and the global economy are immense.
India and the United Arab Emirates are determined to replace the dollar with their national currencies.
Ripple, a well-established company in the digital payments sector, has just revealed strategic partnerships with ten governments for the development of CBDC. This ambitious initiative has raised questions and hopes within the crypto community. The potential implications for the future of global financial transactions are significant, and many observers are eagerly anticipating how these collaborations will influence the market.
The Chinese yuan has been trying for years to dethrone the US dollar as the world's reserve currency. Despite gaining power and making constant efforts, the Chinese currency has not yet succeeded in surpassing the greenback. As de-dollarization gains momentum, the yuan struggles to establish itself as a credible alternative.
The IMF has published its quarterly update on central banks' foreign exchange reserves. The dollar is free-falling. Bitcoin as an alternative?
Discover how Fortune 500 companies are adopting blockchain and why the United States risks falling behind?
What happens when one of the world's leading financial markets suspends transactions in major global currencies? The Moscow Stock Exchange has just done so in direct response to American economic sanctions. Could this Russian initiative redefine the rules of international trade and global financial relations? Initial reactions and analyses suggest significant changes on the horizon, impacting not only this member of the BRICS, but also the global economic balance.
Saudi Arabia reportedly decided "not to renew its 50-year agreement on the petrodollar with the United States". Will the petro-bitcoin be next?
"The Bretton Woods system is dead," said Vladimir Putin. What if we replaced it with Bitcoin?
Among revolutionary announcements, technological developments, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battlefield of regulatory and economic challenges. Here is a summary of the most significant news from the past week around Bitcoin, Ethereum, Binance, Solana, and Ripple.
A new movement of non-aligned countries is emerging. All gathered under the orange banner of Bitcoin (BTC). Faced with the printing press, can the Bitcoin network represent an alternative as significant as the Soviet Union was to the United States during the Cold War?
The recent interest rate cuts by major central banks worldwide could trigger a new bullish wave for Bitcoin and "shitcoins". Arthur Hayes, co-founder of BitMEX, claims that these movements mark the beginning of a global monetary easing cycle, thus offering significant opportunities for crypto investors.
The Chinese central bank has significantly slowed down its gold purchases in recent months. Is this the beginning of a strategic shift? What about bitcoin?
The latest employment data in the United States has shaken the crypto market, causing a sudden and significant drop in the prices of bitcoin and most altcoins. This news, which surprised many investors, calls into question hopes for an imminent interest rate cut by the Federal Reserve.