Altcoin News by Thebittimes.Com

BRICS members India and Russia ditched the US dollar and settled payments worth $4 billion in local currencies. Russian exporters purchased Indian-made arms and equipment for defense purposes and cleared the payment using the rupee. The US dollar played no role in the cross-border trade making local currencies the sole beneficiary of the transactions. Also Read: BRICS : 2 New Countries Agree To Ditch US Dollar The BRICS alliance kick-started the de-dollarization agenda and is moving in the direction of using local currencies for cross-border transactions. Read here to know how many sectors in the US will be impacted if BRICS ditches the dollar for trade. BRICS: India & Russia Settle Trade Worth $4 Billion in Local Currency, Ditch the US Dollar Source: Freepik.com The Russian exporters held $8 billion in reserves in India’s special Vostro bank account for global exchange of trade settlement. Now, 50% of ...

​​Investors stormed the office of Russian crypto exchange Beribit last weekend demanding the return of over $4 million in frozen funds.  Beribit staff reportedly fled the Moscow Federation Tower office as it was occupied by around 50 people demanding the return of over 400 million rubles ($4.2 million) from the exchange. According to the Russia n news outlet Gazeta, employees tried to escape through the back exit but were chased by the occupiers. Beribit staff reportedly tried to placate the intruders by handing out chocolate and promising 50% of their frozen Crypto would be returned.  In Moscow, depositors of the crypto exchange Beribit were given chocolates instead of money Approximately $4.3 million of investors' funds are frozen in the accounts of the crypto exchange. Customers have been storming the office for the second day, demanding their money back.… pic.twitter.com/udvlommsOI — NEXTA (@nexta_tv) April 27, 2024 Nexta shared footage of the chocolate being offe...

BRICS members China and Russia are forging new partnerships to promote the concept and ideals of a multipolar world. Both countries are looking to reform the global financial system which is heavily concentrated and dominated by the US. Russia’s Foreign Minister Sergey Lavrov met Chinese President Xi Jinping on Tuesday and the two discussed ways to push the new financial ideals ahead. Also Read: BRICS: 2 New Countries Express Interest To Join the Alliance Both the BRICS countries China and Russia pledged to defend the ideals of a multipolar world and promote the concept across developing countries. A multipolar world , according to BRICS is to sideline the US dollar for transactions and use local currencies for trade. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. BRICS: China & Russia Announce Plans To Reform the US-Led Financial System Source: a2zanimals.com The BRICS members explained that the US has p...

Poland has found a spy ring made up of 14 citizens from across Russia , Belarus, and Ukraine guilty of espionage after accepting crypto payments of up to $10,000 to derail trains and monitor military targets in support of Russia . According to the Agency French Press, a Polish court found the spy ring guilty of acts of espionage on Tuesday. The spies planned to derail supply trains en route to Ukraine while also monitoring military targets. Additionally, they were ordered to distribute Russian propaganda, burn homes, and beat people. “After examining the case… the court found all the defendants guilty of the crimes charged, and found some of them to be operating within an organized criminal group,” said judge Jaroslaw Kowalski. Russian spies earned $10K to derail critical trains to Ukraine The spy ring was partly made up of “two Ukrainian lawyers and a political scientist, a French language teacher, a pharmacy technician, (and) a software engineer....

The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia. The Russian central bank continues to maintain an extremely negative stance on cryptocurrencies, proposing to ban local miners from selling coins to local people. The Bank of Russia has supported the idea of legalizing cryptocurrency mining in Russia as part of a draft bill introduced in mid-November 2022. However, the Russian central bank wants to allow miners to sell their crypto only on foreign exchanges and to non-residents of Russia, the local news agency Interfax reported on Dec. 7. “We believe that cryptocurrency obtained as a result of mining can be sold exclusively using foreign infrastructure and only to non-residents,” the Bank of Russia’s press office reportedly said, adding: “In general, we adhere to the position on the inadmissibility of the circulation of digital currency on the territory of the Russian Federation.” The new...