Chain News by Thebittimes.Com

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S....

Source: Western Union Western Union has filed three trademark applications associated with digital assets, suggesting that the international money transfer company might be preparing to offer crypto-related services.  In a Tuesday tweet, trademark attorney Mike Kondoudis said that the three trademarks cover various applications including managing wallets, exchanging digital assets and commodities derivatives, issuing tokens of value, and brokerage and insurance services. "Western Union has filed 3 trademark applications claiming plans for Financial + Banking + Insurance Virtual currency exchange + transfer Commodity and Crypto trading + brokerage Issuing tokens of value …and much more," Kondoudis said in the tweet.  Western Union is a major provider of cross-border remittance services. The company has been relatively cautious regarding its crypto interactions so far but has expressed interest in the industry.  Back in 2015, the interna...

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the U.S. dollar is toast, citing Saudi Arabia’s request to join the BRICS nations that comprise Russia, China, India, Brazil, and South Africa. Robert Kiyosaki’s Latest US Dollar Warning The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with another dire warning about the U.S. dollar. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. The famous author tweeted Wednesday: Bye bye US $. Saudi Arabia officially joins BRICS. 1974 US $ became PETRO $. Day after Biden pulled out of Afghanistan, Saudis began negotiations with Russia and China … US $ toast. Buy, gold, silver, bitcoin. South African President Cyril Ramaphosa reportedly said during an interview at the South African Broadc...