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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...

S&P Downgrades 5 Regional US Banks Amid Challenging Banking Environment 


On Monday, S&P Global Ratings slashed ratings for five U.S. regional banks, pointing to the strenuous operating atmosphere plaguing the sector since the year’s outset. The impacted banks include Associated Banc Corp., Comerica Inc., KeyCorp, UMB Financial Corp., and Valley National...

Dubai to Subsidize Commercial Licenses for Web3 and AI Companies


Dubai will offer subsidized licenses for Web3 and artificial intelligence (AI) companies that want to enter the country. The Dubai International Financial Centre (DIFC) and its campus will subsidize 90% of the costs of these licenses to attract companies in this sector as part of its push to become...

Russia to Test Digital Ruble in 11 Cities, Moscow Subway


Russia’s capital Moscow and 10 other cities will host pilot tests for the digital ruble, Bank of Russia Deputy Governor Olga Skorobogatova announced. Over a dozen Russian banks are going to take part in the trials with real transactions and users scheduled to commence in mid-August. Russia Prepares...

Bolivian Central Bank Using Chinese Yuan for International Settlements


Economy Minister Marcelo Montenegro acknowledged that the Bolivian Central Bank is harnessing the Chinese yuan in its commercial settlements. The switch to using the Chinese currency has to do with the dollar scarcity that the country is facing, having to approve a law to sell part of its gold...

That Sad Zelda Trailer Was Based On A Japanese Amazon Review


Hey, remember that excellent/tragic Zelda commercial from Tears of the Kingdom’s launch, where a middle-aged businessman rediscovers his love for life (and efficient public transport) through the wonders of a Nintendo Switch game? While it’s a cute little story, it wasn’t an entirely original...

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