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The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National Fiats of BRICS States to Precede Launch of Single Currency Experts at BRICS are putting efforts into deepening ties between the economies and financial markets of its member states, with the aim of creating a common currency. However, its possible introduction is a medium-term and even longer-term task, South Africa’s ambassador to the organization, Anil Sooklal, told Russian media. “Right now we are working on expanding the use of BRICS national currencies in mutual trade. BRICS has a corresponding agreement, and now we are implementing it in practice, so that the trade of the BRICS countries among themselves is increasingly based on our national currencies,” the top representative explained

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin is recently going through a roller coaster ride. The largest crypto globally hit $30K after its downfall last year. However, Bitcoin again plummeted below $27K. Meanwhile, the crypto market has commenced shifting towards adopting projects that hold the potential to explode in the future. Among the projects likely to impact the crypto ecosystem is Ai Doge ($Ai). The new project is revolutionizing the crypto ecosystem by adopting and merging Ai with memes, making it one of the outstanding hot deals among investors. The Ai Doge is currently on sale and is available at an affordable price. Ai Doge is the future as Bitcoin starts going down to 20K After plummeting below $27K, Bitcoin has halted its price decline and started to rise again. However, the trajectory of Bitcoin remains unknown. Retail investors are advised to be extremely alert and wary of every step of BTC since it has had an extremely turb

BRICS  is an acronym for five of the leading economies in the world: Brazil, Russia, India, China, and South Africa. Together, the nations are looking to establish their own currency, BRICS , in order to decrease the influence of the US in the global trade market by means of de-dollarization. BRICS is gaining interest from other countries worldwide to join the alliance. With the upcoming BRICS Summit scheduled for August in Cape Town, how many countries are currently in the BRICS Alliance ? Source: Institute for New Economic Thinking How Many Countries Are in BRICS Alliance? The BRICS countries are currently an association of Brazil, Russia, India, China, and South Africa. However, nineteen countries have expressed interest in joining BRICS . At the upcoming BRICS summit, a topic of discussion will surely be expansion. The New Development Bank was set up by BRICS nations on the basis of the intergovernmental agreement signed at the sixth BRICS summit in Forta

The AI Crypto project CryptoAI saw the price of its native token CAI print a double-digit percentage gain over the last 24 hours. According to CoinMarketCap, CAI’s price climbed almost 24% in the past day. As a result, CAI is trading at $0.02437 at press time. In addition, CAI’s 24-hour performance overshadows those of the crypto market leaders Bitcoin (BTC) and Ethereum (ETH). Currently, CAI is up 21.33% against the crypto market leader and 21.88% against ETH. As a result, 1 CAI is worth approximately 0.0000008266 BTC and 0.00001271 ETH. CAI’s price may also set a new daily high in the next couple of hours given that it is trading very close to its previous 24-hour high of $0.02438. Meanwhile, the altcoin’s daily low is sitting at around $0.0196 at press time. The spike in CAI’s price is the result of the surge in the crypto’s daily trading volume. Currently, the daily trading volume for CAI is estimated to be $1,492,644. This is an incredible 228% increase since yeste

The price of Bitcoin (BTC) continues to trade above the $29k level according to CoinMarketCap. At press time, BTC is trading at $28,919.71 following a 3.10% decrease over the last 24 hours. One crypto trader by the name of The Wolf tweeted today that the crypto derivatives market is extremely bearish given the constant shorting taking place in the perpetual market.  However, the trader did add in his tweet that the opposite is true for the spot market which is currently seeing overwhelming buy pressure. [First picture] : Derivatives market is extremely bearish. You can see constant shorting on perpetuals market. [Second picture] : Spot market was following perpetuals 1:1 during the crash, however recently it seems that the Tether buy-bot has been turned on again. Constant buy… pic.twitter.com/r8CY5P3Syl — The Wolf (@WolfOfPoloniex) April 27, 2023 The Wolf suggested that BTC’s price may rise soon as a result of the sell pressure in the perpetual markets and the buy sup

Render Token (RNDR) has earned itself a spot on CoinMarketCap’s trending list following its stellar performance over the last 24 hours, as well as over the last month. At press time, RNDR is trading hands at $2.28 after a price increase of 10.80% over the last day. This means that the altcoin is trading close to its daily high of $2.43. RNDR price (Source: CoinMarketCap) The crypto’s positive performance throughout the last 24 hours also enabled it to strengthen against the two crypto giants, Bitcoin (BTC) and Ethereum (ETH). RNDR is currently up around 9% against the crypto market leader, and bested ETH by approximately 9.67%. Looking at the longer time frames, it is clear that the month of April has been rather kind to the altcoin. RNDR is currently in the green by more than 13% over the last week. The main reason why RNDR is catching people’s attention, however, is its monthly performance, as the crypto is up 101.37% over the last thirty days. At the time of writi

Also Read: Ripple Moving Out Of U.S. After Coinbase CEO Drops Hint? advertisement XRP Holder Going Against Ripple? XRP Holders Claiming XRP to be a security and Ripple lawyers are gearing up for the vital court hearing scheduled on April 26, 2023. As per the details, the court hearing is set for oral arguments around the question of certifying the class of XRP holders who sued Ripple . It is mentioned that Bradley Sostak, a plaintiff in the case who owned an XRP token for around two weeks is asking to be the lead plaintiff in the class. Moreover, he is asking to represent all the XRP holders who either owned it and sold it at a loss or own it today. Read More XRP News Here… The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Trending Stories ETH Price Prediction: New Recovery Cycle in Ethereum Price Hints a

A consultation document was published stating that the Bahamas intends to strengthen its cryptocurrency regulations following the collapse of FTX, on Tuesday. The crypto exchange was primarily located in the Caribbean country. Christina Rolle, the Executive Director of the Securities Commission of the Bahamas (SCB), stated that the new bill, which covers stablecoins, proof-of-work mining, and crypto staking, has the potential to be one of the world’s most advanced digital asset legislations. In 2020, the Bahamas had already passed the Digital Assets and Registered Exchanges Act (DARE). It was also the home of Sam Bankman-Fried and his crypto exchange FTX, which experienced a collapse in November 2022. Following the collapse of FTX, Sam Bankman-Fried has been accused of misusing corporate funds to purchase luxury villas. The United States Department of Justice has charged him with fraud, to which he has pleaded not guilty. Meanwhile, FTX’s new management has criticiz

Ripple has made a big announcement for developers that are building innovative Web3 financial projects on the XRPL. According to the details, the applications for XRPL Grants (Wave 6) are now open through June 18, 2023. Big news for developers building innovative Web3 financial projects: Applications for #XRPL Grants [Wave 6] are now open through June 18, 2023. 🟢 Apply now and come build on the XRP Ledger:https://t.co/mQUf5ChT9z — RippleX (@RippleXDev) April 25, 2023 This upcoming wave is focused on accepting project proposals that utilize web3 technology for financial purposes on the XRP Ledger (XRPL). The application submission window is scheduled to be open from April 25th until June 18th, 2023, at 11:59 p.m. Pacific Time. The application review process consists of several stages, and applicants can anticipate receiving notification of their project status within 6–8 weeks of submitting their application. This notification will include information regarding whethe

Join Our Telegram channel to stay up to date on breaking news coverage New crypto presales have a higher risk than investing in well-established cryptos, but they also have the potential to yield higher rewards. Presales are an attractive option for high-risk investors seeking cryptocurrencies since successful projects often offer returns in the three-digit range. Love Hate Inu We recommend investing in Love Hate Inu because it offers an innovative approach to a real-world problem with the possibility for meme currency returns. By providing outcomes that are transparent and permanent, Love Hate Inu will revolutionize the $3.2 billion online polling and survey sector. Users will receive rewards by staking tokens to vote in polls that are both important and entertaining. The platform offers its users an exclusive opportunity to participate in and construct voting polls on a variety of subjects, including politics, entertainment, and social issues. Hey #LoveHateInu Gang!🐕 Y

Bitcoin faces a new round of potential volatility catalysts over the coming week after BTC price sheds 10%. Bitcoin (BTC) is keeping everyone on their toes when it comes to price trajectory — where will it go next? BTC price down 10% after bad week  After a week in which BTC/USD fell by 10%, sentiment is getting a reset and traders are eyeing key support levels closer to $25,000. At the same time, consensus is far from unanimous over market health — some believe that the next phase of upside is around the corner. As macro markets gear up for a new period of crucial data and moves from the United States Federal Reserve, volatility catalysts are waiting in the wings, with Bitcoin potentially not staying calm for long. Cointelegraph takes a look at the upcoming scenarios that could cause BTC/USD to quit its short-term sideways trading pattern. Will the Fed call the market's bluff? It may be all quiet so far when it comes to macroeconomic triggers this week, but that is about to chan

XRP Price Prediction: The XRP price has been in a correction phase for the past three weeks. From the last swing high of $0.586, the prices have tumbled around 20% which pulled it to the 50% Fibonacci retracement level at $0.47. This support level accompanied by other technical levels could bolster coin buyers to resume a bullish rally. Should you grab this pullback opportunity now? advertisement Key Points: Multiple supports aligned at $0.47 could bolster buyers for a minor upswing of 5% The XRP price may maintain its overall bullish outlook until the 0.618 FIB level at $0.43 is intact. The intraday trading volume in the XRP is $1.52 Billion, indicating a 5.59% gain. Source- Tradingview  With the Bitcoin price failing to sustain above the $30000 psychological support, the crypto market faced additional selling pressure this week. As a result, the XRP price has been falling for three consecutive days and plunged to its current pri

Fans and users expect Shiba Inu’s (SHIB) Shibarium layer-2 network to amp up token burns. Several proponents have mapped out or shared hypothetical scenarios where Shibarium can burn up to 111 trillion tokens on a yearly basis. Burning SHIB and reducing its circulating supply is one way of pushing the asset’s price. However, another SHIB proponent has now shared an estimation for Shibarium’s SHIB burns. The Twitter handle “SHIB BPP,” said that Shiba Inu’s Shibarium network will be impressive if it can burn 500 billion SHIB tokens every year. The calculation was based on current BONE and SHIB prices, including the number of transactions of the top Layer-2 network in the last 30 days. I just ran new burn estimates for Shibarium. Shibarium will impress me if it can burn 500 billion $SHIB per year. This is based on the current prices of BONE and SHIB, as well as the number of transactions of the top L2 in the previous 30 days. pic.twitter.com/L7dLE2T9JF — $SHIB BPP (@ShibBPP) Ap