Tag: Digital Currency

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Russia Pushes Digital Currency Plan for BRICS — Is This the End of Western Financial Dominance?

Russian President Vladimir Putin has unveiled a plan to introduce digital currencies as a key tool for investment for the BRICS alliance. This proposal aims to boost economic growth in developing nations, with a focus on minimizing inflationary risks. By involving BRICS members and other developing countries, Putin sees this initiative as a critical step…
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How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim

Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy…
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Crypto ATMs Coming to 45 New Locations Across Five US States

Cryptocurrency is becoming more accessible across the U.S. with the expansion of digital currency kiosks to 45 new locations in the Southwest and Midwest. Yesway, a fast-growing convenience store chain, is partnering with Coinflip to bring crypto ATMs to its customers, offering a seamless and secure way to buy and sell bitcoin and other digital…
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Market Data Hints At 500x XRP Rally In Upcoming Altcoin Season

According to market analysis, XRP might be near to having a significant price blowup. The next altcoin season could go anywhere from 10x to the amazing 500x, experts believe. Two important charts by renowned market analyst Kevin Cage on XRP’s relationship with Bitcoin’s supremacy in past bull markets form the basis of this favorable prediction.…
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Bitcoin Breaks Through $65,000, Is “Uptober” Rally Just Getting Started?

Bitcoin (BTC) has surged past the $65,000 mark, renewing traders’ optimism for an “Uptober” rally that could extend the digital asset’s bullish momentum. Is The Bitcoin “Uptober” Rally Finally Here? In the early hours of October 15, Bitcoin briefly crossed $66,000 before retracing to $65,964 at the time of writing. Over the past 24 hours,…
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Bitcoin Facing Potential Capitulation Amid On-Chain Liquidity Squeeze, Analyst Says

According to a crypto analyst, Bitcoin (BTC) may be heading towards a capitulation due to tightening on-chain liquidity. However, this capitulation could be followed by a “full bull” market. Bitcoin Headed Lower Before Higher In a detailed thread on X about BTC price analysis, crypto analyst Cole Garner stated that capitulation might be on the…
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BRICS Unified Currency Deemed Premature by Russian Official

Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial sovereignty and exploring national currencies for trade. Ryabkov highlighted ongoing efforts to strengthen the bloc’s economic independence, with authorities actively…
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Swift to Pilot Digital Asset and Currency Transactions in 2025

Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging its existing network, Swift aims to merge digital and traditional assets, addressing the challenges of disconnected platforms. The trials build on successful blockchain experiments, seeking…
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Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

With two days remaining in September, bitcoin’s monthly gain stands at 11.11%, setting the stage for the widely anticipated ‘Uptober.’ Historically, October has been a strong month for bitcoin, delivering positive returns 81.82% of the time since 2013. ‘Uptober’ on the Horizon: Bitcoin Looks to Buck September’s Bearish History As of Saturday, Sept. 28, 2024,…
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Bitcoin On The Brink: Predictions Range From $56K To $180K As Analysts Eye Breakout

The price of Bitcoin has been a heated issue recently since different financial institutions project different future images of it. Bitcoin is valued about $63,000 as of September 26, 2024; it shows some consistency following previous swings. This price is still significantly higher than its value just a year ago when it hovered around $26,000.…
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