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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
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Jeffrey Tucker says we are at the turning point for the U.S. dollar, citing a growing de-dollarization trend. “The dollar’s just not going to be king,” he warned, adding that history will record recent events “as the turning point for the dollar.” Jeffrey Tucker on De-Dollarization, USD’s Turning Point Jeffrey Tucker, an
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China and Malaysia are considering moving forward on discussions regarding an Asian Monetary Fund, with a distancing from the U.S. dollar hegemony becoming a greater priority in the region.On April 4, Malaysian Prime Minister Anwar Ibrahim reportedly said China was open to a proposal to set up an Asian Monetary
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When liquidity is low in any financial market, volatility is high in both directions. Prices have less support on both the downside and the upside. In this instance, the narrative of bitcoin as a hedge against financial calamity gave BTC the push it needed. But there was little upside resistance
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The United States' crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and “weaken” the country, said industry pundits in the wake of Coinbase's recent Wells notice.On March 22, crypto exchange Coinbase became the latest crypto firm to receive a “legal threat” — in the form of
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The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates announced on March 15 that they had signed a memorandum of understanding on collaboration and innovation in financial services.The parties will particularly concentrate on central bank digital currency interoperability and will develop a proof-of-concept and
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press release PRESS RELEASE. Trading available on Coincheck (exchange) from March 16 〜 FNCT (Financie Token) main page: https://fnct.xyz Financie, Inc. (Headquarters: Shibuya-ku, Tokyo, CEO: Hironao Kunimitsu, hereinafter referred to as “Financie”) announces the results of its crypto asset FNCT (Financie Token) sales on the Coincheck IEO. The sales result shows that
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Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire
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Cryptocurrency exchange Coinbase (COIN) has delisted the Binance USD (BUSD) stablecoin, according to a tweet on Monday. Source
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According to a March 13 tweet by Okcoin CEO Hong Fang, the U.S. affiliate of cryptocurrency exchange OKX had no exposure to defunct U.S. tech bank Silicon Valley Bank (SVB). However, Fong stated that Okcoin’s U.S. dollar wire and ACH deposits have been “immediately paused” due to the regulatory intervention in
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