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BRICS Payment System a SWIFT Substitute? Network to Implement Digital Assets and Financial Messages
26.10.2024
The Russian Finance Minister offered insight into the inner workings of the new BRICS payment system at the recent summit held in Kazan. Anton Siluanov stated that the modern system will take digital financial assets into account and will be able to deliver financial messages. BRICS Proposed...
BRICS Backs Russia’s Push for New Global Payment System to Counter Western Control
26.10.2024
Russia’s push for a BRICS payment system is gaining traction, with partners endorsing the plan to counter an “outdated, expensive, and ineffective” global framework. BRICS Partners Support Russia’s Plan for a New Payment System Russian Deputy Finance Minister Ivan Chebeskov announced that...
A truly decentralized system would decentralize authority — Cardano exec
25.10.2024
Cardano Foundation chief technology officer Giorgio Zinetti told Cointelegraph that centralized authority is good for speed, but decentralized governance would give long-term sustainability.
A truly decentralized system would decentralize authority — Cardano exec
25.10.2024
Cardano Foundation chief technology officer Giorgio Zinetti told Cointelegraph that centralized authority is good for speed, but decentralized governance offers long-term sustainability.
Circle's Allaire: Stablecoins Could Expand by Trillions in 10 Years, Will Be Integral Part of Global Financial System
24.10.2024
While USDC has been popular in developed markets, it has seen significant growth in emerging regions among fintechs and brokers servicing businesses and households, Jeremy Allaire told CoinDesk in an interview
Brazil Calls for Unified BRICS Financial System, Challenging Western Hegemony
24.10.2024
Brazilian President Luiz Inacio Lula da Silva has urged the creation of a unified financial system among BRICS nations. He emphasized the need for alternative monetary relations. Egyptian President Abdel Fattah el-Sisi echoed this sentiment, advocating for financial settlements in national...
China’s Xi Jinping Pushes For New BRICS Financial System; Will XRP Shine?
23.10.2024
In a bold call for change, Chinese President Xi Jinping has urged BRICS nations to focus on development…
Iran Urges BRICS to Create Financial System Free From Western Influence
23.10.2024
Iranian Ambassador Kazem Jalali has urged BRICS nations to establish an independent financial and banking system, free from Western standards, which he claims harm Global South countries. Speaking ahead of the 16th BRICS Summit, Jalali emphasized the need for BRICS members to create their...
BRICS Nations in ‘Intense Discussions’ to Develop Common Payment System
23.10.2024
BRICS nations are actively discussing the development of a common payment system and the use of national currencies for trade, with Indian Foreign Secretary Vikram Misri confirming that intense talks have been underway. Studies and research have been commissioned. Experts have emphasized that...
Tokenization Could Pose Risks to Financial System, FSB and BIS Warn
22.10.2024
The Financial Stability Board identified three vulnerabilities of tokenization: The underlying reference asset; the participants in distributed ledger technology based tokenization projects; and new technology's interaction with legacy systems
Nový systém pro odsolování vody vystačí se sluneční energií. Denně vyprodukuje až 5000 litrů pitné vody
22.10.2024
Odsolování vody (desalinizace) se v posledních letech stalo jedním z klíčových řešení, jak čelit nedostatku pitné vody, který postihuje stále větší část světa. Zvláště v oblastech, kde je pitná voda vzácnou komoditou, nabývá na významu vývoj efektivních a udržitelných technologií . Jakým směrem se
Russia Vows to Launch Domestic Payment System to Render Western Sanctions Obsolete
21.10.2024
Russia is determined to create a domestic payment system to conduct trade and international transactions free from current disruptions. Mikhail Mishustin, Prime Minister of Russia, stated that this will be a joint effort by many institutions to achieve a principles-based system instead of...
Stablecoins can benefit financial system, Fed governor says
18.10.2024
The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone
Stablecoins can benefit financial system, Fed governor says
18.10.2024
The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone
Kenya’s Crypto Landscape Set for Major Overhaul With New Tax System
18.10.2024
The Kenyan Revenue Authority (KRA) is tightening its grip on cryptocurrency by proposing a real-time tax system integrated with exchanges. This system would track all crypto transactions, capturing details like time and value for tax collection purposes. Beyond real-time taxation, Kenya...
Russia’s Digital Currency Measures Fail to Satisfy FATF, Blacklist Possible
17.10.2024
Russia’s financial regulator maintains that its anti-money laundering system, including strengthened virtual currency regulations, remains effective even if the country faces potential blacklisting by the Financial Action Task Force (FATF). The agency highlighted new federal laws addressing...
Xbox Game Pass Will Soon Get A Feature It First Announced Years Ago
11.10.2024
First announced years ago, the ability to begin streaming games you own on Xbox but that aren’t part of Game Pass will go into testing for insiders beginning in November. It’ll add another meaningful perk to the Netflix-like subscription program, letting players stream games like Baldur’s Gate...
US Agriculture Dept approves blockchain-based certification system
10.10.2024
CattleProof’s cow NFTs have officially become a part of the USDA’s record
Playtesting For Mysterious Nintendo Switch Software Fills Up In Seconds
10.10.2024
As people continue waiting patiently for official news of the Switch 2, Nintendo has taken the unusual step of rolling out a public testing program for a secret new piece of Switch software. It filled up in seconds as players eagerly signed up to be guinea pigs for whatever the Mario maker...
Brazilian CBDC Drex Envisioned to Replace Current Transaction System
9.10.2024
Fabio Araujo, the coordinator of Drex, the Brazilian CBDC, envisions this network substituting the current national transaction system and moving all the funds currently settled by the Reserve Transfer System. However, he stated that this would take some time, as the cost of this migration would...