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In what would be a major development for the country and the industry, Russia has seen its Finance Ministry call for it to create its very own crypto stablecoin. Indeed, the nation has discussed the idea after digital wallets linked to the country were blocked from holding Tether’s USDT stablecoin last month. Over the last several weeks, geopolitical tensions have increased amid the United States’ Liberation Day tariff plan. The move has sparked a brewing trade war, as the US dollar has continued to weaken in the process. Now, Russia is among a host of nations looking to create their own alternative currencies to the greenback. JUST IN: Russian Finance Ministry calls to create its own crypto stablecoin. — Watcher.Guru (@WatcherGuru) April 16, 2025 Also Read: China and Russia Begin Settling Trade Transactions Using Bitcoin Russia Eyes Creation of Its Own Stablecoin In Major Crypto Shift Over the last several years, the BRICS economic alliance has sought to lessen internation...

Join Our Telegram channel to stay up to date on breaking news coverage Nigeria’s central bank is looking to the country’s three-wheeler taxi drivers to expedite the adoption of the eNaira a year after creating Africa’s first digital currency, while authorities across the world closely watch its every move. Drivers and passengers of the motorized rickshaws, locally referred to as Keke Napep, who use the eNaira are eligible for a 5% discount. It’s the most recent effort to revive the virtual currency, which has only attracted one in 200 citizens of the continent’s most populated nation. Many Nigerians are confused by the central bank’s concentration on cryptocurrencies because they cannot distinguish between the eNaira, which is backed by the government, and cryptocurrencies. The massive promotion of the eNaira at the same time that authorities are cracking down on cryptocurrencies has drivers of Keke Napep, the most popular mode of transporta...

Harare Institute of Technology, a Zimbabwean higher learning institution, is reportedly developing a central bank digital currency (CBDC). Quinton Kanhukamwe, the institution’s vice chancellor , said the digital currency is expected to help eliminate vices such as currency manipulation and unsanctioned foreign exchange deals. Eliminating Illegal Foreign Exchange Deals A Zimbabwean tertiary learning institution, the Harare Institute of Technology (HIT) is developing a central bank digital currency (CBDC), the organization’s vice chancellor Quinton Kanhukamwe has said. According to Kanhukamwe, the envisaged CBDC is expected to help eliminate vices such as currency manipulation, the hoarding of cash, as well as illegal foreign exchange deals. As per his remarks published by the Herald, Kanhukamwe, who spoke at a graduation ceremony also attended by Zimbabwean President Emmerson Mnangagwa, revealed how the blockchain-anchored CBDC can potentially bring the unbanked into the for...

Former Federal Reserve Chairman Ben Bernanke has been awarded a Nobel Prize in Economics. The Nobel Prize committee believes that he “significantly improved our understanding of the role of banks in the economy, particularly during financial crises.” Many people, however, blame Bernanke for getting us “to the brink of collapse and under a mountain of debt with quantitative easing.” Former Fed Chair Ben Bernanke Wins Nobel Prize in Economic Sciences The Royal Swedish Academy of Sciences announced Monday that it has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig “for research on banks and financial crises .” The Royal Swedish Academy of Sciences is responsible for selecting Nobel laureates in economic sciences . The announcement details: This year’s laureates in the Economic Sciences, Ben Bernanke, Douglas Diamond and Philip Dy...

Bitcoin bulls celebrated BTC’s push through a long term trendline resistance, but has anything actually changed? On Oct.4 and Oct. 5 Bitcoin (BTC) took another step through the $20,000 mark, bringing the price above a long-term descending trendline that stretches all the way back to Apr. 22, or Nov. 15 depending on one’s style of technical Analysis . Some traders might be feeling a bit celebratory now that price trades outside of the descending trendline, but have any relevant metrics or macro factors changed enough to support a bullish point-of-view for Bitcoin price? In reality, BTC price simply “consolidated” its way through the trendline by trading in a sideways manner where price has been range bound between $18,500 and $24,500 for the past 114 days. BTC/USDT. Source: TradingView Direction-wise, Bitcoin and Ether tend to trade in tandem with equities and BTC’s Oct. 4 rally to $20,365 comes as the Dow, S&P 500 and Nasdaq closed the day with 2% to 3% gains. BTC, ETH and S&...