Tag Archives: currencies

Russia & Belarus ditching dollar trade in favor of national currencies

The Belarusian Prime Minister, Andrey Kobyakov, has called for a complete shift away from the US dollar towards national currencies in Russia-Belarus trade and price-setting. “That would be great if the entire trade turnover, as well as price-formation were set in national currencies,” Kobyakov said during the session of the Council of Ministers of the Union State of Russia and ...

Read More »

Cutting out the US dollar: Russia & China boost national currencies trade

Moscow and Beijing have agreed to raise the share of ruble-yuan trade settlements, in a joint agreement signed by Russian President Vladimir Putin and Chinese leader Xi Jinping on Friday. The document envisages “further strengthening of the Russian-Chinese cooperation in the financial sector, promoting increase of the share of national currencies in trade payments, investments and financing, expanding collaboration in such ...

Read More »

Bitcoin dwarfs fiat currencies & big bankers – RT’s Keiser Report goes crazy for cryptos

Published time: 26 Apr, 2018 14:50 Edited time: 26 Apr, 2018 14:50 Bankers like JPMorgan CEO Jamie Dimon are being forced to re-think their skepticism about bitcoin as it reshapes the world of finance. Max Keiser and Stacy Herbert call him on it. [embedded content] Let’s block ads! (Why?) RT Business News

Read More »

China urges ditching dollar & euro trade with Russia in favor of national currencies

There is no need for Russian and Chinese businesses to pay each other in dollars and euros, when they can settle in rubles and yuan, according to Zhou Liqun, chairman of the Union of Chinese Entrepreneurs in Russia. Read more “The leaders of the two countries should think over improving relations, especially in financial cooperation. Why make payments with foreign ...

Read More »

Russia & China gradually ditching US dollar in favor of domestic currencies as trade booms

Moscow and Beijing have been cutting the share of the US dollar in bilateral settlements, as trade between the countries rapidly grows. China is Russia’s largest trading partner, accounting for 15 percent of Russian international trade last year. In January 2018, it grew to 17.2 percent. Germany, which holds second place among Russia’s trade partners, has a share of about ...

Read More »

Imminent collapse of US dollar & other major currencies will push gold to $10,000 – bullion analyst

An ounce of gold will cost $ 10,000 as soon as global currencies crash and central banks have to appeal to a gold-backed monetary system, according to Byron King, editor of Jim Rickards’ Gold Speculator. Read more “If you take the global money supply, back it with 40 percent gold, you need $ 10,000 gold to make the math work, ...

Read More »

Crypto Cheat Sheet: RT’s guide to digital currencies

Cryptocurrencies can be a complicated business, so RT has created a crypto cheat sheet to explain everything from bitcoin and blockchains, to cold storage and mining. What is cryptocurrency? Cryptocurrency is a form of electronic money. ‘Crypto’ is short for ‘cryptography’, a technology that keeps information and data secure and protects the identify of its users. Cryptocurrencies are decentralized digital ...

Read More »

Cryptojackers use YouTube ads to mine digital currencies

Hackers have been harnessing the computer processing power of YouTube viewers to mine cryptocurrencies. The malware attack, known as ‘cryptojacking’, was found to have targeted users through Google’s advertising service. The issue first surfaced last week after social media users reported that YouTube ads were triggering their anti-virus software, according to Ars Technica. These ads were found to contain mining ...

Read More »

US dollar crashes to 3yr lows against major currencies

The greenback has touched the lowest level against major global currencies since 2015. This comes after the US treasury secretary announced that Washington favors a weak dollar in trade. Addressing the World Economic Forum in Davos, Switzerland, Steven Mnuchin said that a weaker dollar “is good for us as it relates to trade and opportunities.” Read more The ICE US ...

Read More »

Crypto-market meltdown: Here are 3 digital currencies that survived the carnage

Only three out of the top 50 cryptocurrencies were growing on Wednesday. With bitcoin, ethereum and ripple collapsing, here’s a list of the day’s survivors. #21: Tether This is one of the most criticized cryptocurrencies on the market. Pegged to the dollar, its tokens are fully backed by fiat currency assets that the company holds in its reserve account. Trading ...

Read More »
Show Buttons
Hide Buttons
error: Content is protected !!