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Qatar Unveils 2024 Digital Assets Framework
2.9.2024
Qatar has launched a new framework to regulate digital assets, aiming to create a secure and transparent ecosystem. The framework is expected to attract domestic and international players and support the development of a thriving financial services sector in Qatar. Building Foundation for Digital...
Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction
2.9.2024
On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal Reserve to cut the federal funds rate by 25 basis points (bps) on Sept. 18. The U.S. federal funds rate is currently...
Qatar introduces regulatory framework for digital assets
2.9.2024
Qatar’s central bank governor believes that the framework will bring opportunities to the country’s financial sector.
Binance exec’s trial brought forward despite no access to legal counsel
2.9.2024
Amidst multiple alleged money laundering charges, the Nigerian government claims that Binance was responsible for the decline of its Naira currency
Leading the Fight Against Financial Crime – Financial Crime 360
2.9.2024
The Payments Association is thrilled to announce Financial Crime 360, a groundbreaking event that addresses the critical issues…
Chase ‘infinite money’ glitch leaves TikTokers in huge debt
2.9.2024
Users on social media have been reporting a “glitch” with Chase Banks ATMs that allowed them to withdraw large sums without having sufficient funds in their accounts
Government Overspending Puts US in the ‘Fast Lane to Bankruptcy,’ According to Elon Musk
2.9.2024
In recent times, Elon Musk, the owner of X and the CEO and product architect at Tesla, Inc., has been voicing his concerns about inflation. This discussion became especially prominent after he interviewed former U.S. President Donald Trump. Just two days ago, Musk took to X, declaring that...
Canadian Court Orders Man to Repay $1.2 Million in Bitcoin Loan Dispute
1.9.2024
A court in British Columbia, Canada, has ordered Daniel Tambosso to repay Hung Nguyen $1.2 million for a loan of 22 bitcoins made in 2021. Nguyen, a Canadian real estate agent, claimed the loan constituted his entire savings, and Tambosso’s failure to repay has severely impacted his finances...
Payments in National Currencies Surge to 92% Among SCO Members
1.9.2024
Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran...
Indonesia and South Korea Sign New Local Currency Agreement to Boost Trade
1.9.2024
Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won. This initiative aims to reduce exchange rate risk and improve transaction efficiency by facilitating...
Trump’s World Liberty Financial Launches ‘Epic’ Meme Contest as Telegram Channel Hits 100K Members
31.8.2024
The Trump family’s decentralized finance (defi) venture, World Liberty Financial, which has been shrouded in secrecy for quite a while, has now revealed another development—the launch of an “epic meme contest.” The news broke on the social media platform X, where the World Liberty Financial...
Telegram financial statement shows it holds $400 million in crypto
31.8.2024
The messaging app had about four million premium users at the end of 2023.
Telegram financial statement shows it holds $400 million in crypto
31.8.2024
The messaging app had about four million premium users at the end of 2023.
The Impact of CBDCs on the Crypto Ecosystem: An Exclusive Guide
31.8.2024
Central Bank Digital Currencies (CBDCs) are rapidly emerging as a transformative force within the financial world. Unlike cryptocurrencies, which are […]
The post The Impact of CBDCs on the Crypto Ecosystem: An Exclusive Guide appeared first on WINBTC.NET
The Future of Decentralized Finance (DeFi): Navigating the Next Wave of Financial Innovation
31.8.2024
Decentralized Finance (DeFi) has emerged as one of the most transformative innovations in the financial sector. By leveraging blockchain technology, […]
The post The Future of Decentralized Finance (DeFi): Navigating the Next Wave of Financial Innovation appeared first on WINBTC.NET
PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses
30.8.2024
On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low...
Binance Research Report: Blockchain Could Transform Cross-Border Transactions
30.8.2024
Blockchain technology is set to transform the payments industry by tackling persistent issues in cross-border transactions. A detailed report by Binance Research suggests that incorporating blockchain into payment systems could substantially lower costs and speed up settlements, offering a...
Slow FCA processing at odds with UK's crypto ambitions — Report
30.8.2024
Crypto firms may want to register somewhere they can receive more prompt attention, law firm warns
US Bitcoin ETFs See $71.73M in Outflows as 5 Funds Take a Hit
30.8.2024
On Thursday, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) experienced $71.73 million in outflows, with reductions seen across five distinct funds. Notably, Grayscale’s ETHE led the spot ether ETFs, which faced $1.77 million in outflows, by losing $5.35 million. Bitcoin and Ether...
South African Fintech Firm Raises $7.5 Million to Expand Financial Inclusion
30.8.2024
Omnisient, a South African fintech startup, secured a $7.5 million Series A investment from Arise to support its mission of enhancing financial inclusion across Africa and beyond. The investment will help Omnisient expand its technology to African, European, and U.S. markets. The startup is also...