Bitcoin News and Finance: What You Need to Know

The BRICS nations are focusing on increasing their international roles and “enhancing coordination on key multilateral platforms,” Russia’s Minister of Foreign Affairs reportedly revealed after a meeting with BRICS ambassadors. He stressed “the need for joint efforts to counter destructive actions aimed at destroying the established security architecture.” BRICS Seeks Expand Global Influence Russia’s Minister of Foreign Affairs, Sergey Lavrov, stressed the need for joint efforts to counter Western countries’ “destructive actions” on Monday at a meeting with ambassadors from the BRICS countries, Russian news agency Tass reported. The BRICS nations consist of Brazil, Russia, India, China, and South Africa. According to a statement released by the Russian Foreign Ministry at the conclusion of the meeting: Lavrov stressed the need for joint efforts to counter destructive actions aimed at destroying the established security architecture, being undertaken in line with the Western count...

The International Monetary Fund’s (IMF) economic counselor has warned of the side effects of sharp monetary tightening. Noting that “Inflation is much stickier than anticipated,” he stressed that “financial risks have risen.” IMF Economist’s Warning Pierre-Olivier Gourinchas, Economic Counsellor and the Director of Research of the International Monetary Fund (IMF), shared his global economic outlook in a blog post published by the IMF Tuesday. “The economic slowdown is most pronounced in advanced economies. Inflation is falling more slowly than anticipated,” he wrote. “Recent banking instability reminds us, however, that the situation remains fragile. Once again, downside risks dominate and the fog around the world economic outlook has thickened.” He added: Inflation is much stickier than anticipated, even a few months ago … Core inflation, which excludes energy and food, has not yet peaked in many countries. The IMF economist noted that “activity shows signs of resilience as l...

According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S. Commodity Futures Trading Commission (CFTC), and Tron founder Justin Sun’s being sued by the Securities and Exchange Commission (SEC) five days earlier. Binance US Reveals Spell and Tron Deslisting Binance US announced that it plans to delist the cryptocurrency assets tron ( TRX ) and spell (SPELL) on April 18, 2023. The company stated that it periodically reviews the assets it lists, and when a “digital asset no longer meets our high standards, or industry circumstances change, we conduct a more in-depth review of the affected asset and assess whether further action is necessary (i.e. delisting).” Binance US will close deposits for SPELL and TRX on April 17, 2023, the day before delisting, but withdrawals will remain open. Although it is del...

Officials of the U.S. Treasury Department will travel to Europe this month with the objective of getting more countries to apply punitive actions against Russia. The tour, which includes visits to Switzerland, Italy, and Germany, aims to stop the material support companies in these states provide Russia, threatening to cut trade if they don’t comply. US Treasury to Demand Implementation of Sanctions Against Russia in Europe The U.S. government is seeking to forcefully disable the trade relations that Russia still has with companies and countries in Europe. According to AP , two officials of the U.S. Treasury Department will travel to Europe later this month to stop European countries from providing any kind of support to the Russian Federation. Treasury officials Liz Rosenberg and Brian Nelson will embark on a tour that will include stops in Italy, Switzerland, and Germany. They will meet companies and financial institutions to try to coerce them into cutting ties with Russia or fa...

PRESS RELEASE. MetaPlayerOne is bringing the power of Web3 communications to GameFi by introducing a new launchpad and standard for NFT game assets. Using this platform and this standard, different GameFi projects can recognize specific smart contract asset holders and rare asset holders, providing them with various benefits. For example, addressing an airdrop specifically to all legendary asset holders across all GameFi projects. GameFi projects that meet MetaPlayerOne’s requirements can expect a global marketing support package from MetaPlayerOne, which will help promote their projects on a large scale. MetaPlayerOne is one of the pioneers in unlocking the true potential of Web3 technologies through its unique metaverse developing engine for various use cases. Through this groundbreaking co-investment and acceleration program for GameFi projects, the aim is to offer Initial Game & Collection Offerings (IGOs) via NFT drops and enhance the success of such programs, provide acce...

Between 2019 and 2022, the value of foreign capital that flowed into Nigeria dropped from $23.9 billion to $5.32 billion. The drop has been attributed to low investor confidence, the high cost of doing business, as well as the country’s high inflation rate. Nigeria will “struggle to keep the naira to the dollar exchange rate from depreciating further” until both crude oil and non-oil exports are boosted, an accounting firm has asserted. Nigeria’s High Cost of Doing Business In its latest report on the flow of foreign capital into Nigeria, the accounting firm KPMG said the value of capital brought into the West African country fell from $23.9 billion recorded in 2019, to $5.32 billion in 2022. According to the report, the persistent decline in the amount of capital flowing into Nigeria can be attributed to “low investor confidence due to the ambiguous foreign exchange regime.” The challenges encountered when seeking to access foreign exchange as well as Nigeria’s high inflation rat...