Altcoin News Official TheBitTimes.com

BRICS is looking to create a new payment system for cross-border transactions without incorporating the US dollar in the mechanism. The payment system will embody local currencies for trade settlements and end reliance on the US dollar. The new payment mechanism is termed ‘ BRICS Bridge’ and is looking to re place the US SWIFT system and cut ties with the dollar. Also Read: BRICS : US Markets Could Face Substantial Losses, Analyst Declares The ‘ BRICS Bridge’ is Russia’s idea and the Putin administration will discuss the prospects and development with the other member countries. The concept will most likely be addressed in the upcoming summit in October this year which is held in the Kazan region of Russia. BRICS Bridge To Challenge SWIFT & the US Dollar Source: Reuters The payment system will be a standalone mechanism with mutual currencies being traded for settlements among member nations. The US dollar will find no place in the ‘ BRICS Bridge...

With the launch of its secondary NFT market place , the world-famous auction house Sotheby’s has taken another step in the world of digital art. On May 1, the company said that it was adding a “dynamic place to collect, buy, and sell remarkable digital works” to Sotheby’s Metaverse. The blockchain-based NFT store will mostly be used to sell digital art that has already been bought and sold. Sotheby’s experts will hand-pick a rotating group of top artists to show in the market place , according to the announcement. They will give “expert guidance and context for each work, from thematic presentations to artist spotlights, for an easy-to-navigate experience designed for discovery.” The next evolution of #SothebysMetaverse is here! The most trusted and dynamic destination to collect, buy and sell remarkable digital works. Explore: https://t.co/hZvYIkO3xx pic.twitter.com/dCkaCKlXVm — Sotheby's Metaverse (@Sotheby...

Join Our Telegram channel to stay up to date on breaking news coverage Using tokenized trading incentives, up and coming NFT market place Blur has just overtaken OpenSea to take the #1 spot in the NFT industry. The reasons for it are unknown and a cause for speculation in the sector. Because of this, a major Web3 analytics company has discounted a large portion of the most recent trade data from the Blur market place . Due to “market manipulation,” CryptoSlam, a top website for tracking NFT sales, said on Friday that it will delete All deals totaling $577 million from its database. Also, the company announced that it will filter upcoming Blur trades on its platform using a modified algorithm that would exclude any sales that it deemed suspect. According to on-chain data, whales—traders who hold sizable positions in a particular asset—are primarily responsible for Blur’s sudden increase in NFT trading volume. Whales frequently buy and sell NFTs through the mark...