Breaking ground on a bold new venture, Egypt has officially applied to join the powerful BRICS alliance. Georgy Borisenko, the Russian Ambassador to Cairo, confirmed this historic development. Based on the sources, Egypt’s primary focus is the shift of trade to alternative currencies, including national currencies or potentially, a new
Istanbul Blockchain Week, the largest industry leading web3 event in the Eurasia region, is back for its second edition this August, with its main event ‘IstanBlock’ set to take place August 22-23. IstanBlock 2022, organized by web3 PR and Creative Communications agency EAK Digital, was the most high profile event
While it is true that BRICS countries have expressed their desire to reduce the dominance of the US dollar in international trade and finance, it would be an exaggeration to say that they are “racing” to achieve this goal. The BRICS countries have been exploring alternatives to the US dollar
Banks grapple with integrating these digital assets into their financial systems as cryptocurrencies continue to captivate consumers, investors, and financial institutions with their decentralized nature and the promise of greater economic freedom. While the allure of lower-cost transaction processing and increased efficiency is undeniable, compliance and regulation concerns have surfaced,
On Thursday, BRICS gathered to address the issues happening across the international agenda as started with ‘an exchange of views’, in South Africa. The meeting comprises the foreign ministers from five member nations including Brazil, Russia, India, China, and South Africa at Cape Town. Discussion Details at the Meet The
Cardano-based meme coin SNEK has garnered a lot of attention from the crypto community, which has helped SNEK coin reach its peak. SNEK emerged in the cryptocurrency marketplace on May 15 and has since recorded a huge spike in attention and price as it competes with Dogecoin and Shiba Inu,
The United States is seeing a decrease in its once-mighty currency. Due to rising issues such as rising debt, increasing interest rate rises, inflation, and growing uncertainty in the financial markets. The BRICS countries (Brazil, Russia, India, China, and South Africa) have been actively looking for alternatives to the shaky
Today, the world’s fourth-largest economy, Germany, was confirmed to be in recession due to the drop in the euro’s value. Meanwhile, the dollar reached a two-month peak as demand for safe-haven assets rose because of growing concerns about a US default on its debts. The biggest economy in Europe Germany
To keep in line with other countries in the region. Japan is anticipated to enact additional anti-money laundering measures to better monitor crypto transactions. According to Japan Today on Tuesday, the country’s government plans to apply the new restrictions on June 1, which would see the implementation of what is
On May 23, the U.S. Treasury announced the blacklist of crypto holdings wallets with alleged ties to the North Korean government. According to the report, the Binance-hosted wallets received several cryptocurrencies worth $2 million that were then sent to the North Korean entities. Treasury’s Office of Foreign Assets Control (OFAC)
