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Jul 4, 2024 | 
watcher.guru | Michael Grullon |byMichael William G
The 50-year petrodollar agreement with Saudi Arabia to use the US dollar for oil payments ended in June 2024. With the country’s recent induction into the BRICS alliance, Saudi Arabia may opt for a new currency to trade in the oil industry, such as the bloc’s digital currency. In 1974, a directive ensured that Saudi Arabia would use the dollar in all of its oil settlements. That mandate had offered security to the US Dollar, as it remained vital to the global economy.
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Jul 3, 2024 | 
watcher.guru | Michael Grullon
A new South African nation is following the BRICS de-dollarization mission, planning to jail any people in the country who use the US Dollar. As the economic alliance has continued its efforts to abandon the US Dollar, Zambia has become the latest country to ditch the greenback and plans to force its citizens to do the same by law. JUST IN: 🇿🇲 🇺🇸 Zambia introduces plan to jail individuals caught using the US Dollar and other foreign currency for up to 10 years.
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Jul 3, 2024 | 
watcher.guru | Michael Grullon
The United States’ largest Bitcoin miner Riot Platforms has increased its hash rate by 50% in a single month, according to a Q2 report. In a PR post showing its quarterly update, Riot Platforms revealed it not only hit its second-quarter hash growth target but exceeded it. Riot deployed 7.3 EH/s during June, an approximately 50% increase and the most of any publicly traded miner in a single month.
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Jul 2, 2024 | 
watcher.guru | Michael Grullon |byMichael William G
Solana’s SOL token is currently experience a bullish surge, rising 16% in the last few weeks. The token has already jumped to over $150 in valuation, with $175 looking like the next stop. Solana’s native token has struggled with breaching the $150 resistance point. However, analysts long suspected that upon overcoming that resistance, SOL could soar. Currently, the asset is trading at $152 at press time.
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Jul 1, 2024 | 
watcher.guru | Michael Grullon |byMichael William G
The US Marshals Service has announced a partnership with Coinbase to safeguard and trade its large-cap digital assets portfolio. In a Coinbase announcement, the platform announced that the DOJ division is partnering with Coinbase Prime to provide custody and advanced trading services for the agency’s “Class 1” digital assets. JUST IN: 🇺🇸 US Marshals Service announces partnership with Coinbase to safeguard, trade its large cap digital assets portfolio.
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Jul 1, 2024 | 
watcher.guru | Michael Grullon
Circle has become the first global stablecoin issuer to comply with MiCA, the EU’s new set of landmark crypto laws. Indeed, Circle’s French entity is launching USDC and EURC issuance in the EU in compliance with the European Union’s landmark Markets in Crypto-Assets regulatory frameworkJUST IN: 🇪🇺 Circle becomes first global stablecoin issuer to obtain Electronic Money Institution license under EU's MiCA crypto law.
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Jun 30, 2024 | 
fintechnews.org | Michael Grullon
“Bitcoin is a nascent asset. It’s only one-tenth of the size of the gold market,” Jacobs says in the video. “Therefore, it has high volatility and behaves a bit differently than stocks and bonds. A lot of investors look at it as a potential hedge against geopolitical and monetary risks. Other investors look at it as a way to play future adoption of blockchain technology.
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Jun 30, 2024 | 
watcher.guru | Michael Grullon
According to a Russian Foreign Ministry spokesperson, BRICS Members Russia and Iran are reportedly working on a new partnership treaty. Maria Zakharova said Wednesday that Moscow was working on what she called a big treaty with Iran. “Now we are working on a treaty — probably you have heard about it, and I ask you once again not to use the formula ‘the same as the one with North Korea’ — now the work is underway on the big treaty with Iran,” Zakharova said at a press conference on Wednesday.
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Jun 29, 2024 | 
watcher.guru | Michael Grullon
Following the expected launch of Ethereum ETFs, there is large speculation about which digital asset will receive an ETF next. Some firms have already sent out their applications for a Solana SOL-based ETF. Besides SOL, Ripple’s XRP is speculated to get its own ETF, with even Ripple officials chiming in their two cents. The president of Ripple, Monica Long, in a recent interview, shared her thoughts on XRP’s future price path and trajectory.
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Jun 27, 2024 | 
watcher.guru | Michael Grullon
The BRICS economic alliance has had a strong 2024 in terms of its de-dollarization mission. Led by its five founders and newly inducted member nations, the bloc is keen on ditching the US dollar as the lead global reserve currency. The alliance has turned to multiple industries and resources to achieve this goal, and those sectors have worked well thus far. One of the bloc’s key tactics for overcoming US sanctions and increasing income has been the oil industry.
