BRICS Nations Set for 4.4% Growth in 2024-2025, Outpacing G7 Economies
Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth of 4.4% in 2024-2025, compared to 1.7% for G7 countries. Siluanov highlighted BRICS’ growing share...
FBI Warns Investors of Growing Crypto Scams Amid Billion-Dollar Losses
The Federal Bureau of Investigation (FBI) has issued a warning to cryptocurrency investors, highlighting a surge in scams, particularly targeting retirees and the elderly. FBI experts explain how scammers trick victims into fake crypto investments and scare...
Zimbabwe Limits USD Outflows for Departing Residents to $2,000
The Reserve Bank of Zimbabwe (RBZ) has imposed a new limit on the amount of U.S. dollars that travelers can carry out of the country. Under the revised regulations, travelers are now limited to carrying a maximum of $2,000 in cash when departing Zimbabwe....
London Man Denies Running Illegal Cryptocurrency ATMs
A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds. The individual is accused of converting £300,000 into digital currencies without Financial Conduct Authority (FCA) authorization. The...
BRICS Nations to Expand Use of National Currencies Through New Financial Platform
Russian presidential aide Yury Ushakov announced new BRICS initiatives to increase the use of national currencies in trade, backed by financial infrastructure developments like a BRICS-wide platform and special clearing systems. This move aims to simplify...
Rexas Finance (RXS): Ethereum-based RWA giant raises $2,750,000 as third presale ends before schedule
The hype surrounding Rexas Finance (RXS) has intensified with the successful early completion of its Stage 3 presale, raising $2.75 million ahead of schedule. This Ethereum-based real-world asset (RWA) tokenization platform saw over 57 million tokens sold in a...
Solana Could Surge 400% Under Trump Presidency, Standard Chartered Predicts
Banking giant Standard Chartered predicts that solana could experience a significant surge of up to 400% if Donald Trump wins the 2024 U.S. presidential election. The bank’s head of digital assets suggests that solana’s faster transaction speed...
Uniswap unveils own layer-2 network Unichain, UNI price soars 11%
Uniswap has launched its own layer-2 network called Unichain. The OP Stack-powered L2 is in testnet and is designed to improve transaction speed, lower costs and boost liquidity. UNI token’s price surged to $8.14, its highest level in over two months Uniswap, a...
Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option
Deribit has announced the launch of the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, provides traders with a stable and...
Ripple Labs files notice of cross-appeal in ongoing battle against the SEC
Ripple Labs filed its cross-appeal in the US Court of Appeals for the Second Circuit The company is attempting to contest an August 7 judgement made by Judge Analisa Torres The SEC v Ripple Labs is a case that dates back to 2020 Ripple Labs has filed a...
USDT Faces Downward Pressure as Investors Pivot to Stocks in China
USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30. Analysts believe this is a byproduct of large outflows from China as crypto investors turn to the national stock...
Rexas Finance (RXS) up 100% in less than a month, is this the next Solana (SOL)?
The cryptocurrency market has witnessed a positive growth surge, and in conjunction with this, Rexas Finance (RXS) has increased by over 100% in less than a month. With its cutting-edge technology for the tokenization of physical assets and an expanding...