Venezuelan Crypto Ecosystem Remains Disrupted 4 Months After Sunacrip’s Intervention
The Venezuelan cryptocurrency industry faces challenges and uncertainty following Sunacrip’s intervention and the arrest of its leader, impacting market participants and hindering growth. The Venezuelan cryptocurrency industry continues to face significant challenges, even four months after the intervention by Sunacrip and the subsequent arrest of its leader, Joselit Ramirez. This unfortunate situation has left the crypto ecosystem in disarray, with …
Continue Reading
West Demolished Global Trade System and Sparked Inflation Surge, Says Russian Banker
The imposition of Western sanctions on Russia devastates global trade and leads to significant inflation, raising concerns about the efficacy and consequences of punitive measures. Amidst an ongoing geopolitical turmoil, a prominent Russian banker has made a concerning statement, suggesting that the West’s imposition of sanctions on Russia has not only devastated the global trade system but has also led …
Continue Reading
Bank of Russia Governor Highlights Challenges in Creating Common BRICS Currency
Russia’s central bank governor underscores the challenges and importance of consensus in establishing a common currency for BRICS nations. In a recent statement, the governor of Russia’s central bank emphasized that the establishment of a common currency for the BRICS nations would necessitate the agreement of numerous parties. The announcement sheds light on the formidable challenges and complexities surrounding the …
Continue Reading
India Predicted to Surpass Major Economies, Goldman Sachs Report
India is projected to become the world’s second-largest economy by 2075, surpassing major global players, according to a report by Goldman Sachs. India could potentially surpass Japan, Germany, and the United States to become the world’s second-largest economy by 2075, as stated in a comprehensive report published by Goldman Sachs. This report sheds light on India’s immense growth potential and …
Continue Reading
Iranian Official: BRICS Gold-Backed Currency Will Benefit Iran
Iran plans to benefit from a new gold-backed currency within the BRICS group to challenge the dominance of the U.S. dollar, aiming to protect its financial stability. BRICS on the move 😎 @memelyxyz#HotNews #viralVideo #memely #o 32166 pic.twitter.com/20cuKmeoIh — 221213meme (@221213meme) July 9, 2023 Iran is set to reap the advantages of a new gold-backed common currency within the BRICS …
Continue Reading
Peter Schiff Warns of Looming Inflation Crisis as Federal Reserve Struggles
Economist Peter Schiff raises concerns about rising inflation and the Federal Reserve’s management, warning of potential severe economic consequences. In a recent statement, prominent economist Peter Schiff has expressed grave concerns about the US economy’s future as inflation rates continue to rise. Schiff, known for his accurate predictions about the 2008 financial crisis, believes that the Federal Reserve is struggling …
Continue Reading
Iran Advocates for De-Dollarization to Shape Fair International System
Iran seeks de-dollarization to establish a fair international system, safeguard financial independence and explore alternative financial mechanisms. Amidst ongoing efforts to create a more equitable global economic landscape, Iran has made a strong push for de-dollarization. Citing the need to shape a fair international system, the country has called for the removal of the dollar from global transactions. This move …
Continue Reading
Mark Cuban Criticizes SEC’s Approach to Regulating Crypto Industry
Entrepreneur Mark Cuban criticizes the SEC’s flawed approach to crypto regulation, calling for collaboration and education instead of excessive restrictions. Mark Cuban, the well-known entrepreneur and investor, recently voiced his criticism of the U.S. Securities and Exchange Commission (SEC), accusing the regulatory body of adopting a flawed approach to the regulation of the cryptocurrency industry. Cuban’s critique comes amidst increased …
Continue Reading
The Growing Hype Around Airdrop Farming in the Crypto Industry
Airdrop farming hype gets a reality check as Dogecoin co-founder sarcastically announces a nine billion dollar airdrop for everyone. Key Points Cryptocurrency investors are always on the lookout for opportunities to get their hands on free tokens through airdrops. These airdrops, where projects distribute tokens to wallet holders, are often seen as promotional activities or part of initial coin offerings. …
Continue Reading
Gemini’s Winklevoss Condemns SEC’s Failure as a Regulator
Winklevoss criticizes SEC for failing to approve Bitcoin ETF, causing investor deprivation and increased risks in the cryptocurrency market. Important Points In a scathing critique, Cameron Winklevoss, co-founder of Gemini cryptocurrency exchange, has accused the U.S. Securities and Exchange Commission (SEC) of being a failed regulator due to its decade-long refusal to approve a spot Bitcoin exchange-traded fund (ETF). Winklevoss’s …
Continue Reading
