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The US dollar is the most important currency in the markets that controls and dominates the world’s financial sector. Almost all cross-border transactions, trade settlements, and foreign exchange conversions are conducted using the USD. Local currencies are far behind with little to no chance of becoming the global reserve currency. This gives the White House the power to weaponize the currency and control the world’s trade and finances. BRICS has decided to put an end to the US dollar domination by giving local currencies a chance to compete against the greenback. Also Read: BRICS: US Dollar Is Now an Unreliable Currency, Say Analysts Here’s What Will Happen If BRICS Ends US Dollar Reliance Source: realmoney.thestreet.com The BRICS alliance is scheming to replace the US dollar with either a new currency or their local currencies. The bloc is divided in the prospects but is united to achieve the goal by hook or crook. They also confirmed that despite slow progress, the...

The BRICS alliance is advancing the de-dollarization agenda by using local currencies and rejecting the US dollar for trade. Russian President Vladimir Putin announced that 85% of trade within the Commonwealth of Independent States (CIS) is successfully settled in local currencies. The development gives higher financial independence for developing countries to reduce dependency on other Western foreign currencies. Also Read: Goldman Sachs Predicts the Future of BRICS Currency The CIS consists of 12 countries – Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan. The only BRICS member in the CIS bloc is Russia and the country is pushing de-dollarization to its neighboring nations. The BRICS member is making more developing countries pay local currencies for trade and is sidelining the US dollar. Also Read: 3 US Sectors To Be Affected If BRICS Ditches the Dollar For Trade BRICS: 12 Countries Pay 85% Trade ...

Bitcoin (BTC) price has had a remarkable recovery from a local bottom in early July – back to a five-month range. As the cryptocurrency surges, a Bitcoin smart trader continues to accumulate, amassing $45 million of BTC in a week. Notably, the Bitcoin wallet address ‘3QYQ8YthYTaAFJmzUqiis7iRSWG7e5buBN‘ has tripled its position since Finbold’s last report, when the whale started accumulating. As reported on July 17, this trade r has made profitable decisions when trading Bitcoin in the past. Therefore, this smart whale’s ongoing accumulation behavior suggests a buy signal for the market, bringing bullish expectations for BTC. Picks for you Trump cryptocurrencies set to surge as markets predict November victory 1 hour ago ...

High recent on-chain activity has registered at least three smart trade rs taking profit s from the popular meme coin PEPE. These crypto currency whales have made millions of dollars in trade s as retail jumps in with ‘Fear of Missing Out’ (FOMO). Finbold gathered this data from four different Lookonchain reports posted on X on May 22, suggesting a reversal could happen. PEPE smart traders’ whale activity First, an early buyer deposited all their 182.9 billion PEPE holdings, worth $2.53 million, into a Binance account. This was the remaining amount of a $462 initial purchase of 324.9 billion PEPE last year. In total, this smart trade rendered over $3.4 million in profits. Picks for you Is China’s Bitcoin mining ban the worst decision this century? 37 mins ago ...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Litecoin (LTC) is firm as the crypto community awaits the Securities and Exchange Commission (SEC) to approve the first Bitcoin ETF. While all eyes are on this development, Pullix (PLX), a crypto project, has sold over 2.2 million tokens in stage 2 of its presale.  Litecoin price analysis Litecoin has been rallying since the start of December, rising from $69 on Dec.1 to $72 on Dec. 13.  At the same time, it processed – 3 million transactions in one week.  The Litecoin Network just completed over 3 million transactions in less than a week. pic.twitter.com/FhQBGIe4vI — Litecoin (@litecoin) December 12, 2023 This growth can be attributed to the hype surrounding the potential approval of a Bitcoin ETF.  You might also like: Litecoin celebrates milestones amid declining prices Based on historical prices,...