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BRICS Bank in Membership Talks With Saudi Arabia, Report Reveals
29.5.2023
The development bank set up by the BRICS bloc is negotiating with Saudi Arabia on accepting the country as a member, according to a press report. The talks come as the bank, created as an alternative to similar institutions led by the West, seeks to expand its funding options amid sanctions on...
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
28.5.2023
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions
Brazil Sees BRICS Bank as Alternative Financial Institution, President Lula Says
27.5.2023
The government of Brazil views the development bank established by the BRICS bloc as an alternative to traditional financial institutions, the country’s head of state told African diplomats. President Lula da Silva also vowed that the bank will improve cooperation with its African counterpart....
Account abstraction could change how institutions interact with Ethereum — Safe co-founder
25.5.2023
In episode 21 of Hashing It Out, Lukas Schor, co-founder of Safe, explains that account abstraction could change how instructions and DAOs interact with the Ethereum blockchain
Study: 40% of Surveyed African Banks See Fintech and Telcos as ‘High Threats’
20.5.2023
About 40% of 153 African banks surveyed by the latest African Banker annual report said they regard “fintechs and telcos as high threats,” while 69% see artificial intelligence as the “most important technology shaping the industry in the near future.” According to...
Indonesia Introducing New National Payment System to Protect Against ‘Geopolitical Consequences’
17.5.2023
Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank...
Inflation and Anguish: Outraged Lebanese Depositors Continue to Riot Against Financial Institutions
15.5.2023
Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and engaging in riots. Simultaneously, leaders...
Institutions turn to Ethereum and DigiToads for a balanced portfolio
10.5.2023
Cryptocurrencies, like Ethereum (ETH), give exposure to a whole new asset class set to revolutionize how we live our lives, and early adopters stand to benefit greatly. But a new digital asset on the market is starting to attract attention from institutional investors: DigiToads (TOADS)....
Nigeria-China Currency Swap: Activist Lawyer Accuses IMF and World Bank of ‘Economic Sabotage’ to Promote US Dollar, Urges Nigeria to Join BRICS
10.5.2023
Nigerian human rights activist and lawyer, Femi Falana, has accused the International Monetary Fund (IMF) and the World Bank (WB) of sabotaging the currency swap arrangement between China and Nigeria. Falana said the Nigerian central bank and the two global financial institutions are helping...
Nigeria Passes ‘National Blockchain Policy,’ Industry Player Says Central Bank Unlikely to Lift Crypto Ban
5.5.2023
The Nigerian Federal government said on May 3 it had passed what it called the “national blockchain policy.” The Nigerian minister of communications and digital economy, Isa Pantami, said the new policy is a product of consultations with 56 institutions and personalities. Lucky Uwakwe...
US Banking Industry in Turmoil: A Comprehensive Look at the ‘Great Consolidation’ and Largest Bank Failures of 2023
4.5.2023
2023 has been a rollercoaster ride for the U.S. banking industry. The collapse of three major banks has sent shockwaves through the financial world, with their combined assets surpassing the top 25 banks that crumbled in 2008. The following is a closer look at what has triggered a ‘great...
DeFi exec breaks down what it takes to attract institutions to staking
4.5.2023
In an exclusive interview with Cointelegraph, Alluvial chief product officer Matt Leisinger discusses the impact of liquid staking on the crypto ecosystem
Securities token platform launches MPC wallet for institutions
3.5.2023
The Web3 wallet allows institutions to control which employees are allowed to use the tokens held within it
Star Wars Jedi: Survivor Is On Sale Barely A Week After Release
2.5.2023
Though Respawn Entertainment’s gargantuan Metroidvania Star Wars Jedi: Survivor was only released a few days ago, on April 28, the $70 game is already $10 off. Amazon recently added a sneaky “apply $10 coupon” box you can click while purchasing physical copies for PS5 and Xbox Series X online.Read...
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts
29.4.2023
A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro...
Russian Foreign Minister Sergey Lavrov States De-Dollarization ‘Can No Longer Be Stopped’
28.4.2023
Russian Foreign Minister Sergey Lavrov has spoken on the current shift to national currencies and the de-dollarization international markets are currently experiencing. In a press conference after addressing the UN Security Council on April 25, Lavrov stated this shift could not be stopped,...
Star Wars Jedi: Survivor: The Kotaku Review
26.4.2023
The last several decades of Star Wars video games have been spotty, to say the least. 2019’s Star Wars Jedi: Fallen Order was a rare standout, a big adventure from one of the world’s biggest publishers that still felt bold and experimental. A lot has happened since then, and now a sequel, Star Wars...
Hard-Wallet Maker Ledger, Crypto Custodian Etana Target Institutions With Regulated Custody
19.4.2023
The companies are looking to make it easier for institutions to hold digital assets and bolster investor confidence in the market
Institutions Flock to Ether After Shapella Upgrade
19.4.2023
Open interest in CME futures has risen to the highest level since March 2022, indicating an influx of institutional traders to the crypto market
BRICS De-Dollarization Push, China, and Crypto Threaten US Dollar’s Dominance: Analyst
19.4.2023
Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that...