Fidelity, a global asset management firm, expects more countries to start stockpiling Bitcoin in 2023. In their recent report, analyst Matt Hougan highlighted that governments like Bhutan and El Salvador are leading the way in accumulating Bitcoin. He predicts that other nations might follow suit, inspired by the profits seen from Bitcoin investments. There’s also ...
The global financial landscape is shifting as countries explore Central Bank Digital Currencies (CBDCs) to improve payment systems. CBDCs enable faster, cheaper, and direct currency exchanges between nations, reducing the reliance on the U.S. dollar. With projects like China’s digital yuan gaining momentum, the U.S. risks losing its dominant position if it does not modernize ...
Global trade is changing, pushing countries to find a reliable alternative to the dollar for international transactions. In light of geopolitical tensions, the Brics nations—Brazil, Russia, India, China, and South Africa—are considering a shared currency backed by gold and their currencies. This gold-backed digital currency could lower transaction costs and lessen exchange rate volatility, potentially ...
Donald Trump, set to take office as President again, may issue an Executive Order to create a Strategic Bitcoin Reserve. This plan involves using the Treasury’s Exchange Stabilization Fund, which has over $200 billion in assets, to purchase Bitcoin. Trump’s allies, including Senator Cynthia Lummis, support this initiative, aiming to accumulate significant Bitcoin reserves for ...
BRICS, a group of rapidly growing economies including Brazil, Russia, India, China, and South Africa, aims to challenge the dominance of the US dollar, which currently controls about 80% of global trade. The leaders of these nations want to reduce their reliance on the dollar, as it gives the US significant economic and geopolitical advantages, ...
BiyaPay, a leading FinTech platform, has announced a significant reduction in cross-border payment fees, benefiting international users. This move highlights BiyaPay’s dedication to creating cost-effective global payment solutions as the financial landscape evolves with advancements in FinTech and cryptocurrencies. By leveraging innovative technologies, BiyaPay is transforming the cryptocurrency cross-border payment sector, enabling seamless and low-cost ...
The world's leading financial stability watchdog has announced that Klaas Knot will continue as chair until the end of June. This decision delays the search for his successor, a challenging role in global finance.
