Analysis Crypto by Thebittimes.Com

While Donald Trump continues to work towards bringing dollar supremacy back on the radar, it seems that the world is already looking towards adopting alternatives, especially due to the dollar’s volatile nature and flickering US monetary policies. A new report suggests the growing trend of US dollar weaponization is actually pushing the de-dollarization narrative, with nations searching for alternatives in hopes of stabilizing their economies. Also Read: OKX Europe Expansion With MiCA License: Free Euro Transactions & 300+ Trading Pairs US Dollar Weaponization Grows: What This Means Source: iStock The US dollar is currently the world’s leading transacting currency. The American currency currently enjoys a novel status, known as the reserve currency status. However, since the Cold War era, the US adopted a rather fierce stance by using the dollar as a tool to impose economic sanctions on nations. This move limited the dollar’s role in a worldly realm, touting it as a “problem...

India officially confirmed that they do not support the formation of a BRICS currency to challenge the US dollar. The Modi government made it clear that India embraces the US dollar and will use the currency for cross-border transactions. The country will settle payments in local currencies with other developing nations only when it seems fit. The U-turn comes after Trump spared India from tariffs but imposed them on Canada, Mexico, and China. Also Read: BRICS: 2 Countries Officially Agree To Ditch the US Dollar For Trade BRICS member China might not take India’s stance lightly as the Communist country wants to launch the new currency. It is working closely with Russia and Iran for the formation of the currency to uproot the US dollar’s global dominance. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. The move could dampen the US markets and lead to inflation in the homeland. Also Read: De-Dollarization: New Country Emerg...

The BRICS bloc created a mock-up currency during the 16th summit in October in Russia’s Kazan region. Russian President Vladimir Putin proudly displayed the mock-up bill to all the attendees, indicating that a new currency is in the works. The currency in question would challenge the US dollar’s hegemony and dim its demand in the global supply mechanism. On the other hand, BRICS member India is slowly distancing itself from the de-dollarization agenda. Also Read: The US Dollar’s Clout Is Decreasing Globally, Says BRICS The threat from BRICS was real and the Joe Biden administration stood by doing nothing. However, things are changing after Trump reclaimed the White House and the bloc is backtracking on the formation of a new currency. The recent threat from Trump to impose a 100% tariff on goods has ruffled feathers among developing countries. India made an official announcement regarding the BRICS currency and the de-dollarization initiative. Also Read: BRICS Worry Trump To...

Russia’s President Vladimir Putin discussed the prospects of an upcoming BRICS currency ahead of the 16th summit. The upcoming summit is scheduled to be held from October 22 to 24 in the Kazan region of Russia. The nine-member alliance will sit at the table for discussions for the first time since the expansion in 2023. Also Read: 11 Countries Might Join BRICS in 2024 as ‘Associated Partners’ Putin emphasized the need for an alternative BRICS currency that will take on the US dollar and SWIFT payment system. He addressed the idea of the currency but confirmed that it is not fully developed. However, Putin hinted that the launch was not too far and could come as a surprise, similar to the new BRICS Pay card. Also Read: BRICS Settle 78% Oil Trade in Local Currencies, Ditch the US Dollar Russia Talks About BRICS Currency Ahead of 2024 Summit Source: pics.alphacoders.com In a press conference, Putin made it clear that the currency will not be launched at the 2024 summit. “As reg...

The cryptocurrency world is now witnessing a dynamic shift. After Bitcoin ETF approval, Ethereum ETFs are in the queue to embrace the world and have already started to make waves in the current cryptocurrency realm. Post the Ethereum ETF approval, several analysts have already started to bet on how the phenomenon will help several Ethereum-based altcoins to skyrocket, turning them into a huge investment opportunity to capitalize on and make the most out of. Here are the latest top three ETH-based coins that an investor should stash before they hit big post the Ethereum ETF approval. Also Read: Crypto currency : 3 Coins Set To Give 2x Returns In July 3 ETH Coins To Stash Before They Skyrocket Post The Ethereum ETF Approval Source: WatcherGuru Cryptocurrency #1- Floki Inu Floki Inu is another noteworthy Ethereum-based token that has made significant strides in the cryptocurrency realm. The token boasts a stellar community ecosystem and has been known to have float distinct marketing to...

In a strategic pivot amid tightening U.S. sanctions, Venezuela’s state-run oil company, Petróleos de Venezuela S.A. (PDVSA), plans to increase cryptocurrency usage in its crude and fuel exports. As the U.S. Treasury Department declines to renew critical licenses that facilitated oil trades, PDVSA is accelerating its shift towards digital currency to preserve trade continuity and financial stability, as reported by Reuters Context and sanctions overview The Biden administration has taken a firm stance on Venezuelan oil sanctions in light of the government’s failure to comply with agreements designed to ensure fair presidential elections in 2024. Specifically, the expiration of General License 44, which allowed transactions related to Venezuela’s oil and gas sector, marks a significant tightening of sanctions . Picks for you Opportunity? Crypto expert reveals massive Bitcoin buy price point 44 mins ago Bitcoin miners underwater as production costs surge...

InsideBitcoins provides insight into new cryptocurrencies and spotlights promising prospects in the market . This Analysis dives into their tokenomics, use cases, partnerships, and other vital attributes that position them as attractive investment opportunities. New Cryptocurrency Releases, Listings, & Presales Today Dogita intends to promote female empowerment and gender equality with its DOGA token. Meanwhile, 5th Scape is set to transform the VR gaming industry with innovative offerings that promote direct mind-to-mind connections. During its Presale Stage 4, the project has surpassed $4 Million, almost hitting the $5 Million mark.  In other news, Crypto Bulls Suffer $175 Million Liquidations as Bitcoin Dips Below $69,000 . 1. Spiderswap (SPDR) Spiderswap intends to redefine token swapping dynamics. Its mission is to integrate with Solana’s community of builders to create shared prosperity and robust liquidity solutions. The platform allows users to engage in swi...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. The current bear market means one thing - solid crypto assets are available to buy at a major discount. Even large-cap tokens like Bitcoin and Ethereum have since dropped by more than 75% from their prior highs - which offers an attractive entry price.  The aim of this beginner's guide is to rank and review the best cryptos to buy now for upside potential.  The Best Cryptocurrencies to Buy in 2022 Our list of the best cryptos to buy now ranges from presale assets and low market cap altcoins through to the big caps: Dash 2 Trade - Crypto Analytics Platform with Automated Trading  RobotEra - Newly Launched P2E, NFT and Metaverse Crypto Presale Project IMPT - Best Crypto to Invest in with Earn Rewards for Burning Carbon Credits  Calvaria - Popular P2E Game Token with Low Fees and High Bandwith Oryen Netw...