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Saudi Arabia
A 'Petroyuan' Could Further Shake the Dollar's Dominance
Saudi-Chinese talks "accelerate" just as unprecedented sanctions against Russia whet global appetites for greenback alternatives.
Bitcoin's Next Move Ahead of Tomorrow's Fed Interest Rate Decision
Prime Trust Chief Product Officer Sara Xi discusses her outlook for bitcoin as investors await the interest rate decision from the Federal Reserve's two-day meeting. Plus, why China's latest COVID outbreak could cause inflationary pressure, and what Saudi Arabia's potential oil sale to China in Chinese yuan could mean for bitcoin.
A Post-Dollar World? Saudi Arabia Reportedly Considers Accepting Yuan Instead of Dollar for Chinese Oil Sales
Saudi Arabia is reportedly in talks with Beijing to price some of its oil sales to China in Chinese currency yuan instead of the U.S. dollar. This could dent dollar’s dominance in the global market.
Saudi Central Bank Mulls Blockchain for Finance, Rejects Phasing Out Cash: Report
Saudi Arabia was one of the first countries to experiment with a CBDC.
Crypto Exchange With No Trading Fees to Launch in Middle East
Announced on Thursday, the Fasset Exchange (FEX) is open for private beta enrollment and is planning a public launch later this year.
Saudi Arabia Pitches Blockchain-Based Business Passport to Boost Trade Finance
The passport would help businesses cut through redundant red tape and flourish across borders, Saudis said.
What the Stock Market's 'Robinhood Rally' Means for Bitcoin
The largest 50-day rally in stock market history and even shares of bankrupt companies are up more than 100%. What is going on?
Despite Bitcoin Price Dips, Crypto Is a Safe Haven in the Middle East
Bitcoin fell 40 percent this week from coronavirus shocks, but it's still seen as a safe haven in the Middle East.
Why Energy Experts Are Watching Crypto as Oil Wars Emerge
Energy experts say incumbents are complacent about the dominance of the U.S. dollar in oil markets while China and Russia may try to force change.
What the Oil Market Says About Bitcoin's 'Safe Haven' Status
“I don’t think any asset is safe right now – except cash, U.S. dollars.”
