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Brazil’s president, Luiz Inacio Lula da Silva, has expressed support for the creation of a BRICS currency. His statement of support comes as the BRICS bloc is gaining global influence, with 19 countries seeking to join the group. Brazilian President Lula Supports BRICS Currency Creation Brazilian President Luiz Inacio Lula da Silva reiterated Wednesday that he supported creating a currency for trading between BRICS countries, Reuters reported. The BRICS nations comprise Brazil, Russia, India, China, and South Africa. In a speech during a trip to Spain, he said without providing further details: I am in favor of creating, within the BRICS, a trading currency between our countries, just like the Europeans created the euro. Lula’s support for the creation of a BRICS currency followed his statement urging developing countries to stop using the U.S. dollar and adopt local currencies instead. The Brazilian president said on April 13 during his visit to the New Development Bank in Sh

A top Russian official has urged all countries to make efforts to ensure that the “threat of global confrontation, of a hot, full-scale World War III” does not materialize. “World tensions are white-hot indeed,” he warned. Russian Official: Full-Scale World War III Should Not Materialize The deputy chairman of Russia’s Security Council, Dmitry Medvedev, urged all countries to make efforts to avoid the outbreak of a new, full-scale global conflict Tuesday while addressing participants in the Znanie (Knowledge) educational marathon. “I cannot say what the last straw, what the trigger may be. But it may happen at some point,” he was quoted by Russian news outlet Tass as saying. The official emphasized: We all need to work to ensure that this threat of global confrontation, of a hot, full-scale World War III should not materialize. Commenting on the current conflict between Russia and Western countries, he stressed that Russia has no desire to see a war break out. However, he said

PRESS RELEASE. Victoria, Seychelles, April 26th, 2023 — Bitget , top crypto derivatives and copy trading platform, has announced the addition of Liquid Staking Derivatives (LSDs) as a margin option for Bitget Coin-margined Futures, making it the first centralized exchange to provide such products on the market. This new feature will allow traders to continue earning staking rewards while also utilizing their staked assets for trading purposes. Bitget Coin-margined Futures is a unique product designed for crypto-enthusiasts, supporting multiple currencies as a margin for various futures trading pairs. With the introduction of LSDs as collateral, traders can now access the liquidity of staked assets without having to unstake them. Currently, Bitget supports stETH as collateral for the first rollout, and plans to expand support for more assets for LSDs collateral in the future. Using LSDs as a margin offers a range of benefits for cryptocurrency traders. It provides increased flexib

Fabio Panetta, a member of the executive board of the European Central Bank (ECB), announced the digital euro project was entering its final phase. Before the committee on economic and monetary affairs of the European Parliament, Panetta stated that the digital euro, if approved, would be focused on making payments easier for Europeans. ECB’s Panetta Explains Digital Euro Payment Focus Fabio Panetta, a member of the executive board of the European Central Bank, announced that the digital euro project, an initiative that seeks to digitize Europe’s fiat currency, was reaching its final stages of research, and stated that one of the first goals of the project is to establish it as a universal payment method. In an introductory statement given on April 24 before the committee on economic and monetary affairs of the European Parliament, Panetta explained that there was no single digital means of payment across the European Union. Panetta stated : We have been investigating the technic

Javier Milei, a presidential candidate for the next election in Argentina, has presented a dollarization plan to fix the economy of the country if elected. The proposal, which has supporters and detractors, would aim to solve the historic devaluation of the Argentine peso and the 100%+ interannual inflation that Argentina registered in March. Dollarization Surges as Option to ‘Fix’ Argentine Economy Argentine economists and the population are debating dollarization as a possible solution to the devaluation and inflation problems the country is currently facing. The proposal, presented by Javier Milei, one of the strongest contenders in the next October presidential election according to several polls, includes the abandonment of the Argentine peso as a fiat currency, and the conversion of all deposits and reserves of the central and private banks to U.S. dollars. According to Milei, this would be one of the more feasible solutions to the myriad problems the national economy is fac