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Not every country is falling in line with the BRICS agenda of replacing the US dollar with local currencies for oil. Settling oil payments in local currency poses a significant risk that can affect a country’s foreign exchange reserves. Oil settlements have been historically paid in the US dollar as the currency controls the global flow of the sector. Also Read: India Conveys to BRICS: ‘We Will Not Ditch the US Dollar’ Even Saudi Arabia, which announced that it would accept local currencies for oil payments has only been receiving the US dollar for transactions. Only a few trades have been settled in local currencies while the majority of them are backed by the greenback. BRICS is finding it hard to convince other countries to use local currencies for oil trade and not the US dollar. Also Read: BRICS to Launch Gold-Backed Stablecoin To Challenge the US Dollar? BRICS: Nigeria Rejects Local Currency for Oil, Wants the US Dollar Source: seekingalpha.com / Arseniy45 Oil marketers and ...

A crypto whale is booking millions of dollars in losses after making several Official Trump (TRUMP) trades. According to blockchain tracking platform Lookonchain, the whale’s losses have ballooned to nearly $16 million on his TRUMP memecoin trades this month. “This whale sold 743,947 TRUMP ($7.92 million) at $10.66 [Friday] – taking another $3.3 million loss on TRUMP! He only profited on his first TRUMP trade. The next three were all losses, bringing his total loss to $15.7 million.” Earlier this month, Lookonchain noticed that the same whale at first made nearly $12 million on his initial TRUMP trade, before suffering the large losses. “This whale made $11.82 million on his first TRUMP trade, lost $24.35 million on the second, and took another $201,000 loss on the third! Now, he’s back-spending $11.28 million to buy 777,684 TRUMP at $14.50. Will he turn a profit this time?” Other whales are also looking at losses on their rec...

How Layer 2 Solutions Are Reshaping DeFi! The decentralized finance (DeFi) space is rapidly evolving, and one of the most transformative developments in recent years has been the emergence of Layer 2 solutions. As DeFi continues to grow, Ethereum and other blockchain networks have struggled with high gas fees, slow transaction speeds, and network congestion. Layer 2 scaling solutions aim to address these challenges, enabling a more efficient, scalable, and cost-effective DeFi ecosystem. What Are Layer 2 Solutions? Layer 2 solutions are technologies built on top of existing Layer 1 blockchains (like Ethereum) to enhance their scalability. Instead of processing every transaction on the main chain, these solutions handle transactions off-chain or in parallel while ensuring the security and decentralization of the underlying blockchain. Some of the most popular Layer 2 solutions include: Rollups (Optimistic & ZK-Rollups) – Aggregate multiple transactions into a single batch before po...

A resolution to dismantle a controversial Biden-era DeFi broker rule is heading to President Donald Trump’s desk for the axe following Senate approval. The vote, which passed with a 70-28 majority, marks a significant step toward reducing Internal Revenues Service (IRS) oversight on decentralized platforms. The DeFi broker rule required decentralized finance platforms to report crypto sales and disclose transaction details, including user information. Proponents argued it would enhance transparency, but critics warned it could stifle innovation and impose burdensome compliance costs on Web3 platforms. Senate Approval To Kill DeFi Broker Rule Was Expected The DeFi broker rule required decentralized platforms to file their gross proceeds from crypto sales as well as include information of the users involved in each of the transactions. Critics of the DeFi broker rule claimed that it would hit decentralized platforms with too onerous rules and reporting requirements, and sub...

The final week of March 2025 is turning out to be fairly bullish for Ripple’s XRP. Throughout the past seven days, the asset witnessed a 7.25% uptick. This comes as the legal battle between Ripple and the Securities and Exchange Commission (SEC) was coming to an end. With Ripple’s confirmation that it will no longer continue its cross-appeal against the SEC, it appears that the matter is about to conclude permanently. Also Read: If You Invested $10K in Bitcoin 5 Years Ago, How Much You’d Have Now? Stuart Alderoty, chief legal officer of Ripple, said that the SEC will refund the remaining $125 million to Ripple. But the firm will keep $50 million of the initial penalties by Judge Analisa Torres. He also noted that the agency would request that Judge Torres withdraw the order she put forth on Ripple in August 2024. Amidst this, XRP is set to kickstart a new month, and the community is looking forward to seeing the altcoin surge. Current Market Price Source: Coinpedia In the la...

World Liberty Financial, the cryptocurrency firm from which Donald Trump profits, has announced its plan to launch a stablecoin, USD1.  USD1 is described as a stablecoin pegged to the US dollar that “will be 100% backed by short-term US government treasuries, US dollar deposits, and other cash equivalents.” Apparently, the stablecoin will launch on Ethereum and Binance Smart Chain.  Custody for the coin will be managed by BitGo, the firm that collaborates with Justin Sun and BiT Global for Wrapped Bitcoin (WBTC) , a major component of the World Liberty Financial portfolio.  Interestingly, neither the governance forums nor the governance portal discussed or voted on the launch of USD1 and this change to World Liberty Financial. Actually, there has not been a single post of any kind in the governance forum since January 9.  Who is behind World Liberty Financial, Trump’s new crypto? Read more: Is World Liberty Financial a dead project? ...

Pi Coin price predictions show the token potentially reaching $1.44 by March 31, 2025. Well, this would be a substantial 51.64% gain from the current value of $0.944683. Right now, the Pi Network price has unfortunately fallen about 31.09% over the past week. However, many analysts are expecting a recovery soon amid the ongoing cryptocurrency market fluctuations. Source: CoinCodex Also Read: Shiba Inu: What’s SHIB’s Price If Its Market Cap Equals Dogecoin Pi Token Price Predictions, Market Trends & Key Factors Affecting Pi Coin Source: News18 Current Pi Network Price Analysis At the time of writing, Pi Coin price prediction data indicates the current value hovering around $0.944683, with Pi Network price falling below the critical $1 mark, which is something to keep an eye on. Market sentiment for the token remains neutral while the Fear & Greed Index reading of 45 signals a certain level of investor caution. Pi Network has recorded only 9 green days in the last 30 (just 30%), ...

The price of XRP has slightly retraced, losing the $2.50 support, after the asset failed to hold onto short-term gains stemming from reports that the Securities and Exchange Commission (SEC) ended the Ripple case. Amid the current sentiment, several artificial intelligence (AI) models have offered varied price predictions for XRP, with a majority noting that the asset will likely be influenced by Bitcoin’s (BTC) momentum, general market trends, and regulatory developments. As of press time, XRP was trading at $2.39, gaining a modest 0.3% in the last 24 hours. On the weekly timeframe, the token has rallied almost 5%. Picks for you Bitcoin flashes signal that could ‘explode to targets’ above $200,000 1 day ago Here's what gets gold...

President Donald Trump’s re-election and the news that the now-former Securities and Exchange Commission (SEC) Chair Gary Gensler would resign helped XRP soar from about $0.51 to January highs near $3.31 for a 549% rally. Events in the subsequent months provided substantially fewer tailwinds, with even the SEC’s watershed decision to abandon its lawsuit against Ripple Labs triggering only a short-lived rally. In fact, though the immediate reaction to the news was positive and led to a 14.35% rally from March 18 lows near $2.23 to March 19 highs near $2.55, sending the token’s market capitalization to $149.18 billion, subsequent trading proved something of a bloodbath. Picks for you Trump’s White House return wipes out nearly 20% of Bitcoin millionaires 2 hours ago ...

The US stock market has most certainly taken a step back so far this year. Momentum has certainly been hard to come by, even for the most promising tech firms. However, there is one race that appears to be heating up. Indeed, Nvidia (NVDA) and Broadcom (AVGO) have seen competition ignite as the AI race is ramping up so far in 2025. There were few who believed this faceoff would be viable this year. In fact, it was Nvidia that surged more than 170% in 2024. However, this has changed in March, as both stocks are starting to increase amid a sluggish market. Moreover, Broadcom’s XPUs have shown the potential to challenge Nvidia’s dominant position. Source: Investopedia Also Read: Broadcom (AVGO) and 2 Other Stocks That May Surge in 2025 Nvidia vs Broadcom: Why the AI Stock Race is Renewed This Year It was this week that saw analysts claim the birth of the Magnificent Eight has taken place. Indeed, experts have noted that Broadcom (AVGO) may have the potential to join tech’...

Ripple (XRP) has taken the market by storm lately with its metrics steadily rising due to peaking interest and popularity. Adding more to the fire, the US SEC has finally dropped its case against Ripple, enabling the token to peak and soar against all odds. The landmark decision has positively impacted the price of XRP, which is now up 7% in the last 24 hours. Can it go even higher amid such bullish developments? Let’s find out. Also Read: JPMorgan Says META Stock Will Lead This Key Market Amid Exconomic Uncertainty Ripple Wins Against All Odds Source: Pexels Ripple has emerged victorious against all odds and proceedings, labeled as a winner, with the US SEC dropping its case against the token. As soon as the announcement came in, XRP noted a sharp 10% spike before stabilizing around $2.46 at press time. Ripple’s CEO, Brad Garlinghouse, commented on the landmark victory, adding how the decision will now enable Ripple to experiment holistically. “This is it—the moment we’ve been wa...

Digital assets wealth platform Nexo has won ‘The Best Cryptocurrency Wallet award’ for the third time at the 9th Annual FinTech Breakthrough Awards, as per the latest reports shared with Finbold on Wednesday, March 19. The award helps Nexo solidify itself as a leading digital asset management solution. Nexo’s digital assets platform In addition to serving as a crypto wallet, Nexo Wallet also serves as a fully fledged digital assets platform for cryptocurrency storage, trading, and wealth management.  Picks for you Gold or Bitcoin? The precious metal puts BTC 'to shame' with divergence 2 hours ago The Mythos Foundation brings MYTH staking on Mythos Chain 4 hours ago ...

The cryptocurrency market is currently reeling under pressure. The market is encountering bouts of bear momentum, with Bitcoin exploring a new low of $84K at press time. That being said, the altcoin market seems to be following Bitcoin’s lead, delivering low-price momentum for the majority of the cryptocurrency coins. Will Pepe (PEPE) & DogWifHat (WIF) be able to weather the current depressing bouts of the cryptocurrency realm? Let’s find out. Also Read: New Cryptocurrency Rises 8,700% in 14 Days, Turns $10,000 Into $880,000 Pepe Price Prediction for March End Source: Techpoint Africa Pepe is one of the central meme coins of the space that have lately been experiencing new price lows. Per CoinMarketCap, the token is presently sitting at $0.0000007000 and down 29% in the last month. The token is showing signs of volatility and is currently up 0.29% in the last 24 hours. Despite its current market pace, Pepe continues to draw a large influx of investors. Per Nansen, Pepe investors h...