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Russia has unveiled plans to launch two State-linked cryptocurrency exchanges to integrate digital payments for trade settlements. The US sanctions have made Russia find alternative payment methods to keep its economy afloat. The two cryptocurrency exchanges will operate in two different cities, one in Moscow and the other in St. Petersburg. In addition, BRICS member Russia also plans to launch a new stablecoin that will be linked with the Chinese yuan. Also Read: BRICS: New Gold-Backed Currency Gains Steam & Challenges the US Dollar JUST IN: Russia to launch two crypto exchanges and stablecoins linked to the Yuan and BRICS currency, Kommersant reports. — Watcher.Guru (@WatcherGuru) August 23, 2024 The bold plan from BRICS member Russia is to peg the Chinese yuan with the new cryptocurrency-based stablecoin at a 1:1 ratio. This makes its price remain stable with no volatility and is relatively safe to initiate transactions with no concerns of fluctuating prices. Also Read: BRICS:...

Some crypto exchanges are failing to offer customer service that's fit for 2022. This trading platform explains how it's doing things differently. It's a challenging time out there — but the co-founders of BoneX are filled with optimism for the future of cryptocurrencies, describing them as one of mankind's greatest inventions. Here, they tell us why the levels of customer support offered by the industry simply aren't good enough — and reveal what it'll take for even more big brands and institutions to start embracing crypto. 1. Hello, gents! Tell us about yourselves. Hello, we are David Bonev and Vasil Alyoshin. We're enthusiasts who have been actively digging into the world of crypto since 2013. Back then, Vasil focused on crypto mining and his venture grew to an industrial level, while David — who had experience in traditional banking and finance  — caught the early wave of blockchain technologies. We've been searching for innovations and opportuniti...