China News Today TheBitTimes.com

The major announcement from the BRICS alliance is that the bloc is divided on the global de-dollarization agenda. The nine-member alliance is seeing divisions as cracks open up from all sides on what the group stands for. While some countries want to launch a new common currency for trade and transactions, others don’t. The breaking up of ideas is causing a split within the group with each country wanting different agendas. Also Read: More Countries Ready to Join BRICS Alliance BRICS: India & Brazil Announce ‘No Interest’ in De-Dollarization BRICS member India has made it clear that it has no interest in ending reliance on the US dollar and will not pursue the de-dollarization agenda. Foreign Minister S. Jaishankar said that India has “absolutely no interest” in undermining the US dollar. He said that the country “has never had a problem” with the greenback and has no plans to replace it. Also Read: India Officially Dismisses BRICS Currency, Praises the US Dollar ...

Coinbase Global Inc. (NASDAQ: COIN) is expanding globally by introducing spot crypto currency trading on its international exchange. The move comes in response to user concerns about uncertain regulatory conditions in the United States, prompting the platform to broaden its services internationally. Starting December 14, institutional investors can trade Bitcoin (BTC) and Ethereum (ETH) against the USDC stablecoin on the international platform, which currently emphasizes derivatives, as outlined in the company’s statement. The crypto currency market has experienced a partial recovery from the downturn in 2022, driven in part by investor anticipation of the United States potentially approving its first spot Bitcoin exchange-traded funds (ETF) in the coming weeks. Coinbase’s stock, which reached above $300 per share in 2021, has surged approximately fourfold this year to around $140 per share, as reported by Bloomberg on December 13. Developments among the exchange pla...