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Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its…
According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure its financial system remains the world’s strongest and safest. Yellen said that the U.S. government will…
BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds
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…
Report: Korean Central Bank to Gain Right to Probe Virtual Asset Entities After Financial Regulator…
The South Korean central bank is set to be granted the right to investigate virtual assets after the Financial Services Commission (FSC) dropped its opposition to the move. According to a report, the FSC dropped its opposition to the…
Financial Analyst Charles Nenner Warns About the End of the US Dollar and Its Consequences
Charles Nenner, a financial analyst that served as head of market timing for Goldman Sachs for more than a decade, has warned about the end of dollar hegemony and its consequences for the U.S. According to Nenner, the BRICS bloc and the…
Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’…
The percentage of reserves held in U.S. dollars by central banks has fallen to less than half of the global total of reserves, according to a note from Eurizon SLJ Asset Management. The note states that the recent sanctions enacted by the…
White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says…
In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest…
Putin and Saudi Crown Prince Discuss Potential BRICS-Saudi Arabia Collaboration
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman Al Saud discussed potential collaboration between Saudi Arabia and the BRICS on Friday. In addition, Putin and the Saudi Crown Prince “expressed satisfaction…
Wallet Bot on Telegram Adds Bitcoin Support to Web Interface Following Tether Integration
Telegram users can now buy, sell, and send bitcoin, as the leading cryptocurrency has been integrated into the Wallet bot on the popular messaging application. The bitcoin support follows the wallet’s recent tether integration, which…
Toy Manufacturer Mattel to Launch P2P Marketplace for Virtual Collectibles on NFT Platform
On April 20, the American toy manufacturing company Mattel announced an update to its virtual collectibles platform, which will go live on April 27. The peer-to-peer platform, called Mattel Creations Virtual Collectibles, will coincide with…
Ether Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall
The second largest cryptocurrency by market capitalization has dropped to its lowest since April 9, CoinDesk data shows.