BITCOIN

A recent report from China’s Global Times reveals that Zhou Yu, an international finance research director at the Shanghai Academy of Social Sciences, believes that the proposed BRICS cross-border currency is a significant step in challenging the dominance of the U.S. dollar. Zhou asserts that the recent initiatives to promote local currency settlement have provided BRICS countries with a competitive advantage in diminishing the influence of the greenback in global trade. Shanghai Academy Research Director Says BRICS Common Currency Is a ‘Plausible Alternative’ to the Dominant Greenback The BRICS nations, encompassing Brazil, Russia, India, China, and South Africa, have been actively engaged in discussions concerning the establishment of a cross-border currency. This newly proposed topic will be a focal point of the upcoming leaders’ summit , scheduled to take place in Johannesburg, South Africa, on August 22, 2023. In an eventful second week of May, Naledi Pandor, the South Africa

On Thursday, California-based bitcoin voucher company Azteco revealed it had garnered $6 million in seed funding through a round spearheaded by Block, Inc.’s CEO and chairperson, Jack Dorsey. Azteco stated that the newly acquired capital would further its objective to “provide billions of people” with a “solution that promotes financial inclusion and long-term stability.” Jack Dorsey Leads $6 Million Investment in Azteco Azteco, a firm offering minute bitcoin ( BTC ) portions through a voucher system, announced raising $6 million in seed funding. The investment round was directed by Block executive Jack Dorsey, accompanied by participants such as Lightning Ventures, Hivemind Ventures, Ride Wave Ventures, Aleka Capital, Visary Capital, and Gaingels. Investors David Van Der Weele and Sunil Rajaraman also took part in Azteco’s seed round. Azteco aims to assist the unbanked through bitcoin solutions, with the startup’s founders convinced that “bitcoin presents a low-cost, secure, and f

Despite the many obstacles that currently make mainstream adoption seem impossible, the metaverse will eventually “mature when gateways that form the access point for entering the myriads of metaverses come onstream,” Lucaz Lee, CEO of Affyn, has said. Lee suggested that when this point is reached, entering and exiting the metaverse will be as easy “as ordering dinner from a takeaway app.” Why P2E Has Not Lived Up to the Hype Lee also said he believes augmented reality (AR), rather than virtual reality, will play a key role in the metaverse. The boss of Affyn , a play-and-earn metaverse, said this is because AR is capable of being “seamlessly integrated into the apps we use every day.” All of this will happen with users being none the wiser. The CEO also offered his thoughts on why the play-to-earn (P2E) model has not lived up to the hype and what he sees as the more sustainable Web3 gaming model. He also explained to Bitcoin.com News why he still believes in the metaverse despite

Before taking the stage at the Bitcoin 2023 conference in Miami, U.S. presidential hopeful Robert F. Kennedy Jr. emphasized the democratic nature of bitcoin, calling it an “exercise in democracy.” Additionally, during his Florida appearance, Kennedy revealed that his campaign would accept bitcoin for political contributions. RFK Jr. Champions Bitcoin as a Democratic Tool, Now Accepts Leading Crypto for Campaign Contributions Robert F. Kennedy Jr., a Democrat challenging incumbent U.S. president Joe Biden, declared that his campaign would welcome bitcoin (BTC) donations. At the conference, Kennedy underscored the widely recognized connection between bitcoin and the pillars of democracy and liberty. If elected president, he pledged to “ensure the United States remains the global hub of bitcoin.” Many attendees at the Bitcoin 2023 conference expressed approval of Kennedy’s remarks. One individual tweeted , “Truly surreal to listen to a Kennedy speak to how his presidency would secur

Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single currency area’s monetary authority. The official noted that while most of the tightening has been done already, more rate increases are to come. Euro Banks Have Solid Fundamentals, ECB’s de Guindos Says, Rate Raises to Continue The turmoil in the eurozone’s banking sector has been “short-lived” due to limited exposure to bank stress in the U.S. and Switzerland and shielding regulations, Vice President of the European Central Bank (ECB) Luis de Guindos said during a banking conference in Spain. Euro area banks are weathering the storm also thanks to solid fundamentals in key areas such as resilience, liquidity, and profitability, the high-ranking official emphasized. However, he also thinks there is no room for complacency amid a challenging outlook that creates uncertainties. “While higher interest rates boost banks’ net interest income