New BRICS plans have been anounced to establish an independent payment system utilizing cryptocurrencies and blockchain technology. The declaration came from Kremlin aide Yury Ushakov during an interview with TASS.
According to Ushakov, the primary objective is to develop a technologically advanced Independent Cryptocurrency Payment System devoid of political interference:
“We believe that creating an independent BRICS payment system is a crucial future goal, leveraging modern technologies like digital currencies and blockchain. Ensuring convenience for governments, individuals, and businesses, while maintaining economic viability and political neutrality, is paramount,” he stated.
Understanding BRICS plans and Its Economic Objectives
BRICS represents a coalition of emerging economies committed to fostering economic collaboration and collective development. This partnership comprises five prominent nations: Brazil, Russia, India, China, and South Africa.
Ushakov highlighted the 2023 Johannesburg Declaration, which emphasized the BRICS countries’ commitment to augmenting transactions in national currencies and fortifying correspondent banking networks to facilitate international trade.
The Kremlin advisor underscored ongoing efforts to enhance the Contingent Reserve Arrangement, particularly regarding the diversification of currencies beyond the US dollar.
Since 2019, BRICS has been deliberating the potential utilization of cryptocurrencies to streamline trade and mitigate reliance on the US dollar. Early discussions, as reported by CryptoDeFinance, centered around development of a cryptocurrency tailored for intra-bloc trade.
Challenges and Renewed Momentum
While the idea was initially mooted during a meeting of the BRICS business council in Brazil, progress stalled. However, with concerns escalating over the stability of the US dollar, the initiative regained prominence last year.
Now, amidst renewed momentum, BRICS appears poised to forge ahead with the creation of its own cryptocurrency and blockchain payment system, potentially reshaping global trade dynamics.
CVTrade is an emerging cryptocurrency exchange known for its user-friendly interface, competitive trading fees, and diverse range of digital assets. This CVTrade review covers everything you need to know about CVTrade in 2024, including its advantages, disadvantages, services, trading platform, security features, and more.
CVTrade Featured Partner Offer
CVTrade often collaborates with various financial and technology firms to provide exclusive promotions and discounts. These may include reduced trading fees, early access to new cryptocurrencies, and additional benefits. For the latest offers, it’s best to check CVTrade’s official website or trading platform.
Pros
User-Friendly Interface
Competitive Trading Fees
Wide Range of Cryptocurrencies
Strong Security Measures
Advanced Trading Features
Support for Multiple Fiat Currencies
Cons
Limited Educational Resources
Customer Support Response Times
Regulatory Compliance Issues
Availability in Some Regions
Margin Trading Risks
Who Is CVTrade Good For?
CVTrade is suitable for both new and experienced cryptocurrency traders. The platform offers advanced trading tools for professional traders while maintaining a straightforward interface for beginners. Its strong security features make it a great choice for those prioritizing safety.
What Makes CVTrade a Good Choice?
CVTrade stands out due to its competitive fees, extensive cryptocurrency offerings, and user-friendly design. The platform’s robust security measures and advanced trading features attract a wide range of traders looking for reliable and versatile trading options.
CVTrade Security
CVTrade prioritizes security with measures like two-factor authentication (2FA), cold storage for the majority of funds, and regular security audits. These practices help ensure the protection of users’ assets from potential threats.
CVTrade Disadvantages
Despite its strengths, CVTrade has some challenges, including a limited range of educational resources and occasional delays in customer support responses. Regulatory compliance issues may also affect its availability in certain regions.
CVTrade Services
CVTrade offers a variety of services designed for cryptocurrency traders, including:
Spot Trading: Buy and sell cryptocurrencies immediately.
Futures Trading: Contracts to buy or sell assets at a set price and date.
Options Trading: Contracts providing the right to buy or sell assets at a specified price.
Margin Trading: Amplify potential returns (and losses) using borrowed funds.
CVTrade Trading Platform
The CVTrade trading platform is designed to cater to a range of trading needs. It features advanced charting tools, various order types (market, limit, stop), and a user-friendly interface for executing trades. Additionally, CVTrade provides a professional trading interface for experienced users.
CVTrade Margin Trading
CVTrade offers margin trading with leverage options, allowing traders to increase their market exposure. This feature is ideal for experienced traders familiar with the risks of leveraged trading.
CVTrade requires users to complete account verification to comply with regulatory standards. This involves submitting personal information and documentation to unlock advanced features and higher transaction limits.
CVTrade Regulation
CVTrade operates under regulatory frameworks in various jurisdictions, ensuring compliance with legal standards for cryptocurrency exchanges. Users should review CVTrade’s terms of service for region-specific information.
CVTrade Supported Countries
CVTrade serves users in multiple countries worldwide, though service availability may vary due to regulatory constraints. Check CVTrade’s official website for the most current information on supported regions.
CVTrade Support and Reviews
CVTrade offers customer support through multiple channels, including an online help center and email. While the platform is generally well-regarded for its features and security, users have noted occasional delays in customer service responses.
Areas for CVTrade Improvement
CVTrade could improve by:
Enhancing User Education: Providing more resources for new users.
Expanding Regional Availability: Increasing service access in more areas.
Conclusion
CVTrade is a noteworthy cryptocurrency exchange praised for its user-friendly interface, competitive fees, and diverse digital asset offerings. Despite some limitations, such as the need for improved educational resources and customer support, CVTrade remains a solid choice for traders seeking a reliable platform in the digital asset space. Share your thoughts or questions below!
Is CVTrade safe? Yes, CVTrade prioritizes security with features like two-factor authentication (2FA), cold storage for most funds, and regular security audits to ensure user protection.
What are CVTrade’s trading fees? CVTrade’s trading fees generally range from 0.1% to 0.2%, depending on the type of trade and 30-day trading volume. Higher trading volumes often qualify for reduced fees.
Does CVTrade support fiat currencies? Yes, CVTrade supports a variety of fiat currencies, including USD, EUR, and GBP, for both deposits and withdrawals, providing flexibility for international users.
How do I contact CVTrade customer support? You can reach CVTrade customer support through their online help center, email, or live chat options available on their website.
Is CVTrade available in my country? CVTrade is accessible in many countries around the world. However, service availability and features may vary based on regional regulations and local laws.
MFEV, a leading innovator in the blockchain and cryptocurrency space, is excited to unveil its latest initiative: an investment-based referral program designed to reward participants with MFEV coins. With a total of 3.8 million MFEV coins allocated for this program, the company aims to incentivize and reward both new and existing investors as they participate in the ongoing Initial Coin Offering (ICO) rounds.
Investment-Based Referral Program: A Unique Opportunity for Investors
This referral program is investment-based, offering a unique and lucrative opportunity for potential investors to earn additional rewards. Designed to immediately capture attention and foster a sense of opportunity, the program allows participants to benefit directly from their investments in MFEV.
Eligibility Criteria: How to Earn Rewards
To participate, investors need to join the MFEV pre-sale or public round of funding. As part of the rewards program, referrers will earn 2% of the total investment made by the individuals they refer. Both investors and referrers must refer new investors to qualify for the rewards.
The more your referred investors contribute, the greater the number of MFEV coins you will earn from a designated pool of 3.5 million coins. This clear and rewarding structure encourages broader participation, making it easy for participants to see the tangible benefits tied to their referrals and investments.
No Lock-In Period: Flexibility for Investors
A key feature of the program is the absence of a lock-in period for referral rewards. This flexibility is designed to appeal to a wide range of participants, particularly those who may be cautious about long-term commitments. By eliminating any lock-in requirements, MFEV is making it easier for investors to engage with the program without the burden of extended time constraints.
Who Can Participate? Inclusive Eligibility for Maximum Appeal
The program is open to everyone: individuals who have already invested in MFEV, as well as those planning to invest in upcoming rounds. This inclusive approach ensures that a broad spectrum of investors can benefit, expanding the program’s appeal and accessibility.
Disclaimer: First-Come, First-Served Basis
To maintain the program’s integrity and incentivize quick participation, the investment-based reward plan operates on a first-come, first-served basis. Potential investors are encouraged to act swiftly to secure their share of the 3.8 million MFEV coins available as part of the referral reward.
Looking Ahead: Future Promotional-Based Referral Program
While this PR focuses on the investment-based referral program with 3.5 million MFEV coins, MFEV also has plans to introduce a promotional-based referral program in the near future, which will allocate an additional 343,000 MFEV coins. More details on this exciting development will be released soon.
About MFEV
MFEV continues to set the standard in blockchain innovation, with a commitment to empowering investors and expanding access to the benefits of cryptocurrency. Through its strategic initiatives and investor-friendly programs, MFEV is building a more inclusive and rewarding financial ecosystem for all participants.
Nearly two months ago multi platinum rapper Lil Pump burst into the degen world of memecoins. After his token was scammed he took over to lead the CTO or community takeover. At first people just dismissed it as just another celebrity cash grab. After all last bull market and so far this year has been plagued with celebrities either rugging their projects or just abandoning them.
But over time the market began to realize Lil Pump was actually serious about this endeavor. He started showing up to random X Spaces and held regular telegram video chats with his holders. He consistently promoted his token and has shown the type of consistent grinding for his community that would make for an ideal project lead celebrity or not. Rather than just bail he’s become more and more immersed into the Solana culture as time has gone on.
About the only thing he hasn’t done yet is release a NFT collection. But he seems to have formed a bond with one artist in particular NFT Demon or Jeremy Ryan. For those unfamiliar Ryan is one of the most well known NFT artists in the world and the largest artist on BNB Chain. He seems to be particularly popular in celebrity circles with confirmed holders including rapper Eminem and celebrity followers amongst his accounts (some which are now suspended for which he’s suing X) that includes Snoop Dogg, John Cena, Justin Bieber, Britney Spears, Lady Gaga, Tommy Chong, and even Lil Pump to name a few.
But Ryan’s story goes so much deeper than art as his artistic abilities were gained through a 4 year run with brain cancer. A recent article by known crypto news outlet Patrol Crypto released just days ago and shared by Ryan and Pump on X had even suggested they do a collaboration in the future. Given as Ryan is 35 and Pump is 23 both to age a year older in August according to their Wikipedia pages it would seem like an unlikely duo. Two entirely different generations working together on a vision. It would also mark the first collection Ryan has done since the last bull market as well as the first celebrity collection since as well.
But perhaps the duo wouldn’t be as unlikely as it would seem. Both are large names in their respective industries and have followers or fans around the world. Both are also known to be controversial figures and not really care much what other people think of them living life to the fullest. Both are known for being uniquely and genuinely themselves. And both have seen grave injustices due to the law enforcement system. But more importantly the two seem to be in communication. On a Spaces session on X Ryan, under his temporary handle cryptodogg420 while his lawsuit progresses was seen the entire time.
But not only that Lil Pumps manager, JB made a comment that really struck out, thanking Ryan for helping share various knowledge and helping promote the token which would suggest at least communication outside of public view with the Lil Pump team. So could these two be working on a collaboration? If so it would be an interesting dynamic. Celebrity NFT collections prior have just been cash grabs and while they pretty much all have minted out they’ve also all died when the celebrity left. They also haven’t tended to utilize big names in the art field. Pumps consistency with Ryan’s name would create two unusual but bullish indicators if they were to do a collection. And the ability to token gate perks bringing Pump closer to the fans could work on a NFT gated basis or a NFT or token gated basis adding value to both.
It would be very interesting to see how it would play out but a collaboration would certainly make sense. But we decided not to speculate. We didn’t have contact information for Lil Pump so we decided to email Ryan and ask directly about his involvement with Pump and if there was a collection on the horizon. To our surprise he responded back rather quickly and made this statement.
“As for a collection I don’t know only time will tell but I’ve made it no secret I have a lot of respect for the efforts Lil Pump is putting in. The reason I turned so many celebrities down last bull run was because they weren’t willing to commit to sticking with the project. Lil Pump has proven that wouldn’t be an issue and he’s down to grind which means his token is bound to go up.” Ryan said, “I wouldn’t turn him down if he wanted to do a collection but our talk has been mostly educational as this market takes a long time to learn. I will say I’ve been impressed by his eagerness to learn as much as he can about this market I’ve been immersed in since 2019. There’s a stereotype of young rappers that they’re all dumb. I haven’t found that to be the case with Lil Pump, he’s both eager to learn and also applies what he learns as he goes. For what small contributions I’ve been able to add to that I’ve been glad because, ultimately, celebrities doing taking the time to learn and also to grind hard for their communities helps everyone in the industry and only moves us closer to mass adoption.”
It would seem from his statement that he’s at least willing to do a collaboration and has great respect for the work Lil Pump has put in. And for an artist known for calling out scammers in particular he gave some pretty heavy compliments. I suppose only time will tell if they’ll work together on a collection but it would be interesting to see. We’ll keep you updated as we find out more.