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BRICS Slashes US Dollar and Euro Transactions to Below 30%

BRICS Slashes US Dollar and Euro Transactions to Below 30%

BRICS nations are increasingly using national currencies, with 65% of transactions now conducted in local currencies, according to a Russian financ...
EconomicsBricsDedollarizationNational Currencies
Oct, 12, 2024
by Bitcoin News
Billions in Settlements Disrupted, Blockchain Gaming Boom, and More — Week in Review

Billions in Settlements Disrupted, Blockchain Gaming Boom, and More — Week in Review

Recent Western sanctions have disrupted over $55 billion in trade settlements between Russia and Turkey. Cameron Thacker of Mythical Games believes...
BitfinexThe WeeklyWestern SanctionsMythical Games
Sep, 15, 2024
by Bitcoin News
Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions

Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions

Analysts have begun considering using a future BRICS currency to sidestep U.S. sanctions and the dollar’s influence in international markets. While...
EconomicsRussiaBricsVladimir Putin
Apr, 14, 2023
2 min read
by Bitcoin News
India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade

India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade

On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades...
EconomicsRussiaUS DollarIndia
Mar, 08, 2023
2 min read
by Bitcoin News