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Europe is extending friendly ties with the BRICS alliance as Trump’s tariffs hit the market in February. Several European leaders have expressed displeasure at Trump’s decision to impose tariffs on close Western allies. BRICS member China is making use of the escalating tensions between the US and Europe and extending cordial relations. Also Read: When Is the BRICS Summit in 2025? Some countries in Europe are reconsidering their relations with BRICS member China, while others are aiming to diversify their partnerships with Japan and South Korea. Many other European nations are reaching out to India to procure goods. The widening rift between the US and Europe stems out of tariffs and its stance in the Ukraine war. Also Read: BRICS: Goldman Sachs Predicts US Dollar Will Experience a Boom US Tariffs: Will Europe Get Friendly With BRICS? Source: VCG However, the European Union faces a mixed approach with BRICS member China as some advocate for partnerships while others take a ...

US President Donald Trump vowed to put an end to the de-dollarization initiative kick-started by developing countries to protect the dollar. The President threatened import tariffs on anyone trying to sideline the US dollar for trade. He also imposed tariffs on Canada, Mexico, and China, and warned other countries that they could be next. Also Read: De-Dollarization and the Privacy Debate: The Geopolitical Push for CBDCs The pressure mounted on developing countries by Trump is bringing the de-dollarization agenda to a screeching halt. Emerging economies are now considering using the US dollar for trade and pausing settling cross-border transactions in local currencies. “The idea of undermining the dollar is dead now,” said Trump to reporters at the White House. De-Dollarization: Tariffs Saves the US Dollar Source: MarketWatch Also Read: New Ripple XRP Price Surge to $3.40? What to Know Tariffs imposed on several countries are making them reconsider de-dollarization and use ...

In a post made Nov. 23 on LinkedIn, David Friedland, the Managing Director of the Asia Pacific region for Interactive Brokers, shares an early announcement of a Hong Kong license approval. The license is said to allow retail clients to trade Bitcoin (BTC) and Ethereum (ETH). A surge in activity The recent announcement from Victory Securities coincides with a rush in crypto industry activity in Hong Kong, which has emerged as a focal point for crypto-related endeavors, attracting numerous companies seeking local licensing. David Friedland LinkedIn Post | Source: LinkedIn Notably, in August of this year, Hashkey secured the distinction of being the first crypto exchange in Hong Kong to obtain a specific license permitting the offering of crypto assets to retail investors. Friedland shares that an official announcement from the company should come available soon. You might also like: Victory Securities gains approval by Hong Kong SFC The race continues News of Inte...

Coinbase Advanced customers in the U.S. can trade nano-sized futures contracts sized at 1/100th of a Bitcoin and 1/10th of an Ether. Coinbase Advanced allows retail traders in the United States access to regulated crypto future s contracts four months after Coinbase Financial Markets (CFM) secured approval to operate a Futures Commission Merchant (FCM) entity. On Aug. 17, CFM secured regulatory approval from the National Futures Association (NFA), a Commodity Futures Trading Commission-designated self-regulatory organization, to operate an FCM and offer crypto futures services to eligible U.S. traders. In details shared with Cointelegraph, CFM revealed that Coinbase Advanced customers in the U.S. can trade nano-sized futures contracts sized at 1/100th of 1 Bitcoin (BTC) and 1/10th of 1 Ether (ETH). As explained by Andrew Sears, the CEO of CFM: “These contracts offer lower upfront capital requirements and can be an affordable investment option for a broader range of retail customer...

The NFT market needs to weed outwash traders to become a sustainable and reliable environment. The nonfungible token (NFT) market has seen an unprecedented number of new NFT collections introduced in 2022 despite the year-long crypto winter, showing that the turbulent state of the crypto market was not enough to deter NFT creators and collectors. With more than half a million new contracts across Ethereum, Polygon and Avalanche, the NFT market inevitably met with its own set of troubles, with the primary issue being NFT wash trading. A recent study by AI-powered NFT analytics provider bitsCrunch and Cointelegraph Research titled “BitsCrunch NFT Wash Trade Report for 2022” revealed that over 610,000 new NFT contracts were made during 2022, showing an 860% jump from the previous year. This translated into over 85 million new NFTs, largely thanks to the recent surges in NFT gaming and sports-related collectibles. The total NFT sale volume for 2022 hit $54 billion, with Yuga Labs, the tea...