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VeChain expands its status in food security & waste management


VeChain recently tweeted about being featured in another academic paper. The network was showcased as a prime example of blockchain use cases. The network has made significant progress in the domains of food security and waste management and has published a scholarly article titled “A...

Russian Banks ‘Fighting Back’ Against Digital Ruble – Report


Source: pisotckii/Adobe Russian banks are reportedly “fighting back” against the digital ruble amid claims a CBDC launch would cost them $684 million a year. Per a report from Comnews, even the Central Bank’s commercial bank partners are “looking for ways” to “avoid” dealing with the coin...

Egypt Becomes First MENA Country to Issue Chinese Yuan-Denominated Bonds


Eygpt has reportedly become the first Middle East North Africa (MENA) region country to issue so-called “panda bonds” after it issued Chinese yuan denominated bonds worth $479 million. Issuing panda bonds marks another step in Egypt’s attempts to move away from costly dollar...

BNY Mellon: US Dollar’s Global Reserve Status Safe Despite BRICS Expansion


The Bank of New York Mellon has provided insights into why the growth of the BRICS economic alliance is unlikely to impact the U.S. dollar’s dominance as the global reserve currency. “We think the most important factor for dollar use into the next decade revolves around technology...

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