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The chairman of the State Duma Committee on the Financial Market says that an agreement on the BRICS currency can be reached in 2023 as BRICS nations ramp up their de-dollarization efforts to shift away from U.S. dollar reliance. “By linking its economy and currency to politics, the U.S. is practically undermining the foundations of its dominance,” said the Russian official. Agreement on BRICS Currency Could Be Reached in 2023, Says Russian Official Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, discussed BRICS currency and the de-dollarization trend on Wednesday at the press center of Parliamentary Newspaper, the publication of the Federal Assembly of the Russian Federation. Aksakov expects the share of the U.S. dollar in international trade to decline, noting that Americans continuing to destroy the value of the dollar with their own hands shows the whole world that the USD is being used for political purposes. He said: By linking its economy and c...

Elon Musk has recently revealed yet another innovative initiative aimed at boosting Twitter’s profitability and supporting citizen journalism. As part of this development, content creators can now earn money from their contributions to the popular social media platform. Content creators can now enable subscriptions to their text, pics & video worldwide on this platform! https://t.co/XzrFMLPytB — Elon Musk (@elonmusk) April 28, 2023 In the wake of Elon Musk’s acquisition of Twitter, the company has implemented various drastic measures to transform its operations into a profitable enterprise. These measures include significant staff layoffs and the introduction of Twitter Blue subscription services. Despite resistance from some previously verified individuals, who were reluctant to pay a monthly fee for the coveted blue checkmark on Twitter, Musk recognized it as a crucial revenue source for the company. The most recent overhaul of Twitter, whic...

First Republic Bank has continued its downward spiral, as shares have fallen another 37% today. Moreover, the plummeting price continues as rumors of a potential government rescue deal persist. Specifically, US officials are reportedly in talks to commence an urgent rescue of the troubled bank. Shares of First Republic Bank are down approximately 96% since the start of the year. Additionally, Fox Business reported that the stock had fallen more than 50% at midday trading and more than 70% since last month.  JUST IN: First Republic Bank $FRC falls another 37% amidst rumors of a government takeover. pic.twitter.com/gKhyu2eLBk — Watcher.Guru (@WatcherGuru) April 28, 2023 First Republic Bank Fall Continues A month after a budding banking crisis began in the US, one financial institution is on the brink of collapse. Specifically, First Republic Bank has continued its descent, falling another 37% today. Ultimately falling more than 96% since the start of 2023.  ...

Ethereum (ETH) had a rough start in the last 24 hours, with bears dominating the bulls and successfully sinking prices to a support level of $1,868.00. However, bullish momentum countered the negative pressure and the market is now testing resistance around the day’s high of $1,936.95. If the bulls break through this barrier level, the ETH price will continue to advance toward the next level of resistance at $2,000. However, if negative momentum is strong enough to win out, the support zone at $1,868.00 will be challenged, and a slide to the next support level at $1,800.00 will be in the cards. At the time of writing, ETH was valued at $1,917.89, a 0.78% increase from the previous day’s closing price, signaling a likely positive trend.  During the recovery, ETH’s market capitalization increased by 0.93% to $230,792,866,396, while the 24-hour trading volume decreased by 29.85% to $11,872,389,078. ETH/USD 24-hour price chart (source: CoinMarketCap) The...

A top Russian official has urged all countries to make efforts to ensure that the “threat of global confrontation, of a hot, full-scale World War III” does not materialize. “World tensions are white-hot indeed,” he warned. Russian Official: Full-Scale World War III Should Not Materialize The deputy chairman of Russia’s Security Council, Dmitry Medvedev, urged all countries to make efforts to avoid the outbreak of a new, full-scale global conflict Tuesday while addressing participants in the Znanie (Knowledge) educational marathon. “I cannot say what the last straw, what the trigger may be. But it may happen at some point,” he was quoted by Russian news outlet Tass as saying. The official emphasized: We all need to work to ensure that this threat of global confrontation, of a hot, full-scale World War III should not materialize. Commenting on the current conflict between Russia and Western countries, he stressed that Russia has no desire to see a war break out. However,...

Unsuspecting cryptocurrency users have lost over $4 million to phishing websites promoted using Google Ads. Data from Google Ads coupled with blockchain analytics reveals that over $4 million has been stolen from users that have fallen for malicious phishing websites promoted on Google. According to Web3 anti-scam service provider ScamSniffer, malicious adverts for phishing websites have been prevalent on Google ads searches in recent weeks. The URLs lead to fraudulent websites that prompt wallet login signature requests that compromise users’ addresses. 1/ A recent surge in phishing scams via Google search ads has led to users losing approximately $4 million. ScamSniffer has investigated multiple cases where users clicked on malicious ads and were directed to fraudulent websites.#PhishingScams #GoogleAds pic.twitter.com/vuKCgSuFnV — Scam Sniffer (@realScamSniffer) April 27, 2023 A number of decentralized finance (DeFi) protocols, websites and brands, including Zapper.fi, Lid...

Amidst the buzz surrounding bitcoin’s latest price surge, a significant number of transactions are currently clogging up the mempool. As of writing, 134,986 un confirmed transactions await confirmation, and block times are lingering above the usual ten-minute mark. Bitcoin Transactions Backlogged as Mempool Reaches Higher Levels On the morning of Wednesday, Bitcoin.com News brought to light the decrease in Bitcoin’s global hashrate over the past 24 hours, currently hovering just above the 300 exahash per second (EH/s) range. Meanwhile, block intervals have slowed down and surpassed the average ten-minute mark, with the most recent block taking a total of ten minutes and 50 seconds to be validated. Even though bitcoin’s price initially soared past the $30K mark earlier today, by 4:00 p.m. Eastern Time (ET) on April 26, 2023, the value had regressed back to a low of $27,242. Since then, the price managed to jump back above the $28K zone. At present, the mempool re...

Join Our Telegram channel to stay up to date on breaking news coverage Binance.US, the American arm of a the major crypto exchange, has terminated a 1 billion deal of purchasing Voyager Digital’s Assets. Voyager has revealed the disappointing news via Twitter, as it is investigating the potential claims against Binance.US. However, Binance.US has blamed its move on the hostile and uncertain regulatory climate in the United States. 1/ Today we received a letter from https://t.co/yG7Airmib5 terminating the asset purchase agreement. While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers (a “toggle option”) via the Voyager platform. — Voyager (@investvoyager) April 25, 2023 Nonetheless, on April 19, Voyager Digital, the Voyager Official Committee of Unsecured Creditors, and the US government agreed on the deal. 1/ Voyager, the UCC, and the Government reached a resolution that will allo...

Shiba Inu stood tall and strong as its trading volume soared despite a price decline throughout 2022. The tables have turned in 2023, as its trading volume hit rock bottom for the first time this year. SHIB is experiencing a significant decline in trading volume reaching a four-month low on Wednesday. Its average 24-hour trading volume reached $119 million, displaying a lack of momentum in the indices. Also Read: Shiba Inu: AI Predicts SHIB Price For May 1, 2023 Source: Coinmarketcap.com 2 Reasons Why Shiba Inu’s Trading Volume Is Declining Overall Price Stagnancy Source: Twitter The stagnancy in trading volume could be attributed to the dullness and overall lack of enthusiasm in the cryptocurrency markets. Leading cryptocurrencies such as Bitcoin and Ethereum are trading sideways giving no room for another possible rally. Though BTC touched $30K and ETH is nearing $2K, the general sentiments turned negative after both retraced in price. SHIB holders mostly pour in thei...

Polygon fell to a six-week low on Tuesday, with sentiment in cryptocurrency markets remaining bearish. The price plunged as consumer confidence in the United States fell by more than expected, coming in at a reading of 101.3 in April. Solana also slipped, hitting a two-week low. Polygon (MATIC) Polygon (MATIC) dropped to a six-week low on Tuesday, as sentiment in cryptocurrency markets remained bearish. MATIC/USD dropped for a third straight session, hitting an intraday low of $0.9633 in the process. The move came less than a day after polygon was trading at a peak of $1.01, with today’s fall sending it to its weakest point since March 10. MATIC/USD – Daily Chart As a result of the sell-off, it appears that MATIC bears are targeting a floor at the $0.95 mark. From the chart, one of the catalysts for the drop seems to be a breakout that occurred on the relative strength index (RSI). The index fell below a floor at 32.00, and is currently tracking at 31.13, which is its lowe...

Supporters of XRP jubilate as Coinbase sues the Securities and Exchange Commission.    The news of San Francisco-based exchange Coinbase suing the Securities and Exchange Commission (SEC) has sparked widespread jubilation in the XRP community.  For context, Coinbase filed a lawsuit against the SEC in the US Circuit Court yesterday. The suit follows a petition for a rulemaking that the leading cryptocurrency exchange filed with the SEC last July, requesting that the regulator draft and approve regulatory guidance for the crypto industry.  Coinbase intends to compel the securities regulatory agency to respond yes or no to a set of question via the lawsuit. Coinbase’s Chief Legal Officer Paul Grewal shared the development.  Today, we filed a narrow action in the U.S. Circuit Court to compel the SEC to respond “yes or no” to a rulemaking petition we filed with them last July asking them to provide regulatory guidance for the crypto industry. 1/4 https://t.co/rlsS1DIFfl — paulgre...

The growing prominence of the BRICS countries is only set to continue expanding, as 19 nations have submitted membership requests ahead of their annual summit. Moreover, the event is set to take place in South Africa this summer, as a host of nations are seeking entry. Earlier this year, the BRICS collective made it known that they were open to new members. Additionally, as the bloc of countries has surpassed the G7 nations in GDP (PPP), it seems expansion could continue to implement a shift in the global power balance. Specifically, amidst their continued efforts to replace the US dollar in international trade. Source: Global Times BRICS Sees Plethora of Requests to Join Ahead of their annual summit taking place in South Africa, the BRICS nations have seen 19 nations submit membership requests. Moreover, the countries are seeking to join the growing collective already comprised of Brazil, Russia, India, China, and South Africa. Bloomberg reported the emerging applic...

RenQ Finance (RENQ) is an up-and-coming cryptocurrency that has been gaining attention in the decentralized finance (DeFi) space. Its unique Features , including its hybrid infrastructure, high leverage, and never-ending liquidity, have made it an attractive option for traders and investors alike. In recent months, RenQ Finance has been gaining traction and is poised to enter the top 20 tokens by market capitalization. This means that it will replace other tokens currently occupying those spots, including Tron (TRX) and Chainlink (LINK). Why RenQ Finance is Poised for Growth There are several factors contributing to RenQ Finance’s growth and potential for entering the top 20 tokens. Here are some of the key reasons: Unique Features and Infrastructure RenQ Finance’s hybrid infrastructure is a standout feature that sets it apart from other cryptocurrencies. This infrastructure combines on-chain and off-chain technology, providing traders with institutional-level trading ...

The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable financing policy. BRICS Development Bank Launches 3-year ‘Green’ Bonds The New Development Bank (NDB), founded by the BRICS bloc, has placed three-year “green” bonds on international capital markets in the amount of $1.25 billion, the bank announced in a press release on Thursday, quoted by the Tass news agency. The benchmark bond has been issued under the $50 billion Euro Medium Term Note Program, registered by the NDB in December 2019. The net proceeds will be used to finance or refinance eligible “green” projects, as defined in the NDB’s Sustainable Financing Policy Framework. “The issuance represents NDB’s return to the international capital markets and is also the first USD Green Bond issued by the bank, demonstrating its...

The pension fund had invested twice in the now-bankrupt crypto exchange, once during the peak of the bull run in 2021 and again in early 2022. The Onatario Teachers’ Pension Plan has decided to steer its investment away from cryptocurrencies.  The decision comes after the OTPP — which manages over $190 billion in assets  — lost the entirety of its $95 million investment in crypto exchange FTX after it went bust in November 2022. OTPP was one of the many backers of the now-bankrupt crypto exchange and had invested twice: Once during the bull market in 2021 and again during exchange’s Series C funding round in early 2022. OTPP chief executive Jo Taylor said in an interview with the Financial Times that it’d be unwise for the pension fund to rush into another crypto investment . Taylor said that they are still processing what happened with the exchange, and they would be much more cautious before invest ing in emerging assets like digital currencies. The pension fund is responsible f...

- Advertisement - As the crypto market continues to evolve and mature, investors are constantly looking for the next big thing to invest in. Two of the most talked-about cryptocurrencies in the market today are Cardano (ADA) and RenQ Finance (RENQ). - Advertisement - Both of these cryptocurrencies have gained significant traction in recent months, but which one is worth holding onto for the long term? In this article, we will compare the price predictions for ADA and RENQ for the year 2023. Overview of Cardano (ADA) Cardano is a third-generation blockchain platform that was created in 2017 by Charles Hoskinson, one of the co-founders of Ethereum. The platform was designed to be more scalable and secure than other blockchain platforms like Bitcoin and Ethereum. Cardano uses a proof-of-stake consensus algorithm, which is energy-efficient and less resource-intensive compared to proof-of-work algorithms. Cardano has a strong development team and community, and the platform is constan...