Bitcoin News and Finance
BRICS Leaders to Talk Expansion at August Summit, Host Confirms Skip to main content

BRICS Leaders to Talk Expansion at August Summit, Host Confirms

BRICS Leaders to Talk Expansion at August Summit, Host Confirms

The leaders of the BRICS states will discuss the organization’s enlargement when they meet in South Africa, the country’s president indicated. The summit is set take place in August when over a dozen countries will hope to be given a path to membership.

Nearly 20 Nations Aspire for BRICS Membership, SA President Ramaphosa Says

Leaders of the five BRICS members (Brazil, Russia, India, China, and South Africa) will talk about the group’s expansion at their summit scheduled for August, South Africa’s President Cyril Ramaphosa has confirmed. Ramaphosa told the SABC radio:

As we speak now, close to 20 or so of others want to join BRICS and they want us to admit them into the BRICS family. So, at this summit, we are also going to be discussing the prospect of whether BRICS grows beyond the five countries or not.

Media reports and official statements in the past few months have unveiled that a number of countries are seeking to become BRICS members. In April, South Africa’s Ambassador to the group, Anil Sooklal, said that 13 nations have formally applied to join the bloc of leading developing economies while another six have informally inquired about membership.

BRICS is likely to accept five new members at its summit, India’s Business Standard daily revealed at the end of June, the Russian Tass news agency reminded in a report. Quoting a senior government official who chose to remain anonymous, the newspaper wrote that the group that may be inducted consists of Saudi Arabia, the United Arab Emirates, Indonesia, Egypt, and Argentina.

Cyril Ramaphosa will host and chair the BRICS summit, which will be held on Aug. 22 – 24 in Johannesburg, his nation’s most populous city. President of Russia Vladimir Putin’s attendance remains uncertain in the face of an indictment by the International Criminal Court (ICC) over the war in Ukraine and fallout from the Wagner mutiny, the Moscow Times wrote last week.

According to the publication, Russia has turned down a South African request to send Foreign Minister Sergei Lavrov, instead of Putin, to the summit. “We understand we are bound by the Rome Statute but we can’t invite someone and then you arrest them. You can understand our dilemma,” Ramaphosa’s deputy, Paul Mashatile, told local media. However, Ramaphosa has already invited the leaders of the four other member states and vowed to hold an in-person meeting despite the ICC warrant.

Do you think BRICS nations will agree to invite new members at their August summit? Share your expectations in the comments section below.

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory