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If BRICS nations drop the US dollar and adopt local currencies for trade, the ripple effects could shake the foundation of the American economy. The US economy is closely tied to global affairs, and if emerging economies reduce dependency, American jobs would be at risk. In addition, it would also lead to inflation as the Fed can no longer import the USD abroad for consumption. From Wall Street to Silicon Valley, here are the 4 US industries that would feel the impact the most. Also Read: BRICS Member Pushes For Single African Currency Here Are the 4 Economic Industries That Will Be Hit If BRICS Drops the US Dollar Source: beincrypto.com A total of 4 US economic industries will be severely hit if BRICS decides to drop the dollar for trade. The move would have major implications for the American economy, causing the greenback to lose its sheen. The forex markets run on demand and supply, which the USD dominates, but if the demand falls, the greenback would face deficits. Below are the 4...

Crypto asset manager 21Shares has filed for a spot Sei (SEI) ETF (exchange-traded fund), joining a wave of 92 firms that Bloomberg says are rushing to launch crypto ETFs. According to an S-1 registration statement filed with the Securities and Exchange Commission (SEC), the proposed SEI ETF will tap crypto price index provider CF Benchmarks to track the altcoin’s price using data from various crypto exchanges.  Coinbase Custody Trust Company would act as the proposed fund’s custodian. 21Shares also floated the idea of staking SEI to generate additional returns for investors. However, this addition is still being investigated to see if it would present “undue legal, regulatory or tax risk.”  The 21 Shares filing comes amid a surge in crypto ETF applications. Of at least 92 crypto ETFs that are currently awaiting SEC approval, Bloomberg Intelligence analyst James Seyffart said there are numerous filings for Solana (SOL) and XRP in particular. NEW: H...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Alphabet recently unveiled a new blockchain called the Google Cloud Universal Ledger (GCUL), some Features of which appear to put it in direct competition with Ripple Labs’ XRP Ledger (XRPL). The $2.5 trillion internet giant stamped its own brand on it and name-dropped other heavyweights on its debut, including the world’s largest options and futures exchange, CME. Like XRPL, GCUL will be a distributed base layer blockchain, allow API access, operate 24/7 with low latency, support programmable tokenization of assets, provide financial applications like payment automations, charge fees for transactions, support institutional infrastructure, facilitate global payments, and integrate with third-party wallets. This feature list, not to mention GCUL’s banking and payments focus, mirrors years of XRPL messaging . Indeed, a reader of Google’s documentation might become confused about whether certain paragraphs are describing GCUL or XRPL. For example, GCUL will powe...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The cryptocurrency market is currently experiencing sharp U-turns as the domain continues to project high use cases. The US government has officially acknowledged the might and mettle of the cryptocurrency domain, giving it its official seal of approval. While the market seems to be in its corrective phase with retail yet to hit the domain in full force, Bitcoin seems unstoppable, raking in institutional interest from all sides. Trump’s crypto advisor, David Bailey, has spoken encouraging words for BTC, adding how this might be the last bear market scenario that investors could experience right now. Also Read: The Philippines Proposes Strategic Bitcoin Reserve to Tackle Debt Trump’s Cryptocurrency Advisor’s Encouraging Words for Bitcoin Source: Bitcoinist David Bailey, US President Donald Trump’s crypto advisor, has shared a Bitcoin update. Bailey took to X to share how this might be one of the last Bitcoin dips ever for the market to bask in. Bitcoin plunged to $112K ...

The cryptocurrency markets have lately been undergoing unpredictable upheavals. The markets, otherwise known to be volatility-prone, are showing their usual course of ebb and flow. However, the recent Bitcoin crash has turned the usual market course upside down. Bitcoin fell $110K dramatically after a whale dumped nearly 24000 BTC, causing the markets to correct themselves organically. Also Read: The Philippines Proposes Strategic Bitcoin Reserve to Tackle Debt Bitcoin Crashes to $110K: Here’s What Happened. Source: NASDAQ Occasionally, there are instances that even the markets cannot predict in the long run. These instances are never planned and are as organic as they come, but end up changing the market course from time to time. In one such instance, a noteworthy BTC whale ended up dumping nearly 24000 BTC tokens, causing the markets to experience volatility at their best. This massive token dump led the markets to witness a sharp correction, with Bitcoin falling back to $110K. ...