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BRICS is doing everything to puncture the prospects of the US dollar as the White House is accused of weaponizing the currency. The bloc kick-started the de-dollarization agenda and is now convincing emerging economies to trade in local currencies. The alliance has been successful as many developing countries signed trade deals settling cross-border transactions in native currencies. Also Read: BRICS Divided on US Dollar Replacement Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. If the White House fails to import the dollar, the U.S. could enter a new era of hyperinflation. The US dollar needs to maintain its dominant position in the currency markets to make other countries absorb its deficit. Also Read: BRICS: New Country Rejects Local Currency for Oil, Wants US Dollar BRICS: The US Dollar Losing Its Reliability, Say BMO Analysts Source: beincrypto.com Commodity analysts at BMO Capital Markets wrote that the US dollar is losing its...

ASEAN nations, comprising ten Southeast Asian countries, are gearing up to launch a new currency. This currency, currently under construction, intends to rival the US dollar and carve out its global positioning. Discussion about the ASEAN US dollar competition is intensifying as the launch date approaches. With rising US debt metrics and the weaponization of the US dollar, calls to derail the US dollar have grown fiercely loud. Will ASEAN’s bold move to injure the USD’s prestige ever fructify? Let’s find out. Also Read: Shiba Inu (SHIB) & Dogecoin (DOGE) Weekend Price Prediction Why is ASEAN Moving Away From The US Dollar? ASEAN nations are collectively working towards launching their currency systems with a multipolar currency narrative in mind. The purpose of spearheading the local currency agenda is to reduce its growing dependence on the US dollar. Research conducted by ICS shows that a significant portion, exceeding 80%, of the outstanding international debt securities within...

Editor | Wu Blockchain Source: https://mp.weixin.qq.com/s/f3ldeJpP0ucxjD0ZVzeVkQ This event is the first session of HashKey New Horizons, focusing on the development prospects of Hong Kong’s virtual asset market. Professor Yang Wang from the Hong Kong University of Science and Technology (HKUST), a renowned mathematician and the current Vice President (Institutional Advancement) and Chair Professor of Mathematics at HKUST, has made significant contributions to the fields of big data and bio-intelligence. He has a deep understanding of the blockchain industry and Hong Kong government policies. Here is a summary of Professor Wang’s speech: In 2012, I flew from the US to Hong Kong, then to Shanghai. A friend of over 30 years, who was actually my student, picked me up at the airport. He told me he was following Bitcoin and suggested we do something together. I thought Bitcoin and blockchain were scams and didn’t pay much attention. In 2014, I came to Hong Kong again, and he picked me up ag...

Binance has invested in on-chain security provider Zircuit to improve on-chain security for investors. This development reflects the improved trading atmosphere within the crypto sector. Specifically, crypto currency adoption is growing, with the number of token owners growing by over 32% in 2024. Considering their low cap and potential upside, traders are drawn to new crypto currency releases, listings, and presales . InsideBitcoins curates such tokens, detailing their Features , utilities, and market prospects. New Cryptocurrency Releases, Listings, and Presales Today The DMC blockchain platform is pivotal in propelling the Web3 ecosystem forward. UpRock, a prominent player in online engagement, has introduced a cutting-edge AI web advisor tailored for a diverse range of users, including creators, brands, non-profits, corporations, and governments.  The Qoda Ecosystem is on a growth trajectory to democratize financial services worldwide. According to an advisory firm, Robin...

Achieving good returns in a strong market involves monitoring the top cryptocurrencies and preparing Altcoins for growth. Yet, spotting the next prominent crypto currency can be challenging because many investors focus on already popular assets. This article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future. Next Cryptocurrency To Explode Today’s Analysis details the performance of the cryptos that investors should add to their watchlist. It also includes a special mention of Sealana, a Solana meme coin that introduces a “send-to-wallet” feature alongside a traditional “Buy Now” widget to accommodate different investor preferences. The detail...

In its most recent circular, the Central Bank of Nigeria (CBN) announced the lifting of the prohibition on crypto currency transactions. This decision was influenced by the need to regulate virtual asset service providers (VASPs) in light of global trends, as highlighted by the bank. The CBN’s action reverses its previous stance from February 2021, where it forbade banks and other financial institutions from engaging in or facilitating dealings in crypto assets. The bank’s initial ban was rooted in concerns over the risks of money laundering and financing terrorism. Embracing Digital Transformation: Nigeria Adopts Regulatory Framework for Cryptocurrency Trade Further emphasizing the country’s shift towards a more regulated crypto currency environment, the Nigerian Securities and Exchange Commission (SEC) issued regulations for digital assets in May of the previous year. This move by the SEC was seen as an effort to balance between outright prohibition and uncontrol...

The cryptocurrency market is full of surprising twists and turns of events. The market is now supporting the meme coin rally, while several leading altcoins are yearning for a stable price threshold.  For instance, while ADA shows signs of a possible bullish breakout in the future, its current price threshold is critically low, which is negatively influencing its community sentiment. As new coins and meme tokens continue to sweep over the crypto market, here are our three cryptocurrency meme tokens that may provide some respite as ADA heals its current price threshold.  Also Read: Crypto currency : 3 Coins To Buy for Long-Term (10x) Profits This Bull Run Three Crypto Meme Tokens To Select Over ADA For Maximum Returns (10-20x) Image Source: WatcherGuru Cryptocurrency #1: PEPE Pepe was introduced to the crypto market in 2023. Soon after the launch, the frog-inspired meme token took off to touch new price levels, with consumers expressing interest in exploring the n...

The meme coin surge in 2021 was nothing compared to its frenzy in 2024. The current crypto currency bull market is heavily influenced by meme coin dominance, with meme cryptos leading the sectoral rise.  The meme coins of 2024 are not limited to just delivering an entertainment narrative to investors; they are now birthing new millionaires with their stellar price rises.  Packed with massive potential, meme coins are giving contemporary cryptocurrencies stiff competition. Here are our top three meme cryptocurrency recommendations that could skyrocket this bull season.  Also Read: Cryptocurrency: 3 Meme Coins Set To Deliver 10x Returns For Beginners Three Meme Coins That Could 15x This Bull Season Image Source : Unsplash Cryptocurrency #1- BOME A new Solana-inspired meme coin, Book of Memes, also known as BOME , is the latest meme coin to join the crypto league.  Launched by Darkfarms, BOME was created as a token that would encapsulate the evolving meme c...

Translate ：WuBlockchain Original link： //www.hkcd.com/hkcdweb/content/2023/07/11/content_8589619.html The 11th “Huarui Financial Technology Salon” series event, jointly hosted by Shanghai Huarui Bank, International Monetary Institute (IMI) of Renmin University of China, and the Fintech Research Institute of Renmin University of China, was recently held, discussing “Hong Kong: Building a Global Digital Financial Center”. Many finance industry insiders are optimistic about Hong Kong’s advantages and prospects in building a global digital financial center, suggesting Hong Kong to explore a new path that combines virtual assets and traditional finance, and organically integrate digital and physical economies in the Greater Bay Area. In the future, the development of the offshore RMB market and digital finance can be organically combined, and the Hong Kong offshore RMB market can be improved with the use of DCEP, providing more development opportunities for the construction of the Hong Kong...