As extraordinary penalties on Russia stoke global appetites for currency alternatives, Saudi-Chinese talks 'accelerate.'

China's capital city is home to a large and diverse population. After shocking investors by declining to lower medium-term lending rates last week, a Reuters survey predicts that China will leave benchmark lending rates constant at its monthly fixing on Monday.

The Turkish lira had lost 44 percent of its value versus the dollar in one year before handing over the unenviable distinction of the world's worst-performing currency to the Russian ruble. Its purchasing power at home has also dwindled: depending on whether you believe official figures or private assessments, inflation in Turkey ranges from 54% to 124%. So, how did the residents react? For one thing, the tech-savvy classes opted for cryptocurrency.

'[A]ny electronic-cash model that necessitates regular human oversight will eventually be captured by the same legal regimes that govern the legacy financial system, because the presence of human actors (who, of course, can be fined, jailed, or forced into plea bargains) represents a vulnerability that government actors can and will exploit to assert control. The one-sentence explanation for bitcoin's success is that it solves this challenge in what appears to be the only way possible: by removing human decision makers entirely from the system.'

Despite receiving only 2% of the total worldwide value of all cryptocurrencies, their rapid growth will revolutionize financing in an increasingly digital and urban Sub-Saharan Africa.

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has forecast the demise of the US currency. Furthermore, he stated that the Russian-Ukraine conflict has given rise to cryptocurrency as a 'safer haven asset than government fake fiat money.'

Another complaint has been filed against Meta, formerly known as Facebook, for its role in facilitating dubious crypto advertising on its social media network.

According to Robert Kiyosaki, author of the best-selling personal finance book series "Rich Dad Poor Dad," the United States dollar's reign as the world's reserve currency may be coming to an end.

Raymond Hsu, CEO and co-founder of Cabital, argues that the US government has shown that crypto is part of the economy and that Americans want to be part of this digital transformation.