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Economist Dr. Nomi Prins Sees Potential for Massive Banking Crisis, Foresees QE as Remedy
9.2.2024
This week, during a recent interview, the renowned geo-macro economist and acclaimed author Dr. Nomi Prins shared insights on the Federal Reserve’s future actions, particularly regarding whether the central bank will reduce the federal funds rate come March. Prins mentioned that we might...
Bitcoin Steady at $43K as Tumbling U.S. Regional Bank Stocks Reignite Worries
1.2.2024
Bitcoin so far remained muted compared to its vehement rally during the March banking crisis, but one analyst said he's "cautiously long" amid the turmoil
South Korean Customs Officer Thwarts Crypto Mining Rig Smugglers
1.2.2024
South Korea’s Customs Service has rewarded a staff member who stopped smugglers from illegally bringing crypto mining rigs into the country. Per the news outlet Incheon Ilbo, the employee at Incheon Airport Regional Customs stopped smugglers from bringing crypto mining hardware worth around...
Merging Crypto and TradFi: Mastercard Backs Fideum Group as Winner of Lighthouse FINITIV Program
22.12.2023
Source: mclighthouse.com Financial aggregator Fideum has been announced as the winner of the Mastercard Lighthouse Finitiv program on its path to merge crypto and traditional finance. According to the press release, Fideum received a “double award”: as the regional Baltic class winner...
Economist Jim Rickards’ ‘Tumultuous’ and ‘Shocking’ Predictions: Global Recession and a New Banking Crisis to Ensue in 2024
20.12.2023
Jim Rickards, a famous economist and investment lawyer, has predicted a year of turmoil for global economies in 2024. According to Rickards, the U.S. Federal Reserve will be unable to pull off a soft landing scenario, prompting a global recession. Also, according to Rickards, a new banking crisis...
China, Japan, and South Korea Explore Collaboration in Big Data, Blockchain, and AI
4.12.2023
Source: iStock/PeopleImages China, Japan, and South Korea are forging ahead with plans to enhance collaboration in advanced technology sectors such as big data, blockchain, and artificial intelligence (AI). During the 10th China-Japan-ROK Foreign Ministers’ Meeting held in Busan, South...
Finance Ministers from APEC Nations to Share Crypto Insights in San Francisco
14.11.2023
Image Source: Pixabay The Asia-Pacific Economic Cooperation (APEC) summit has drawn global attention to discussions on regional economic cooperation, including crypto regulations. The event, which commenced on November 11 in San Francisco, saw the finance ministers’ meeting on November...
Crypto Exchange Kraken Helps UK Police Return $2 Million to Scam Victims
10.11.2023
Source: Adobe / Matteo Benegiamo Crypto exchange Kraken has partnered with the UK’s South East Regional Organised Crime Unit (SEROCU) to return nearly £2 million ($2.4 million) worth of stolen crypto to victims of a scam. Following the arrest of 40-year-old Dutch national Wybo Wiersma,...
Coinbase Website Blocked in Kazakhstan Amidst Crypto Securities Law Enforcement
7.11.2023
Regional reports from Kazakhstan indicate that Coinbase, one of the largest crypto exchanges globally, has been blocked as it reportedly “violates paragraph 5 of Article 11 of the Digital Assets Law of the Republic of Kazakhstan.” Essentially, the clause is a policy on the issuance and sale...
Animoca Brands and NEOM company to foster regional Web3 growth
31.10.2023
Animoca Brands Corporation Limited, or the Company, has formally announced its exclusive partnership with NEOM Company (NEOM). In accordance with the memorandum of understanding signed by both parties, they will continue to promote local Web3 initiatives in line with Saudi Vision 2030....
Kasikornbank takes over a regional crypto exchange
30.10.2023
Kasikornbank, the second largest bank in Thailand in terms of assets, has acquired a regional cryptocurrency exchange through an affiliate. Kasikornbank, also known as KBank, disclosed to the Thailand Stock Exchange that it had acquired 97% of Satang Corporation Company Limited’s shares via...
Saudi’s NEOM partners with Animoca Brands for regional Web3 development
30.10.2023
Saudi Arabia’s forthcoming regional development project, NEOM, has partnered with Animoca Brands to push Web3 in the region and a potential $50 million investment deal
Binance Appoints New Regional Head for Eastern Europe and Central Asia
28.10.2023
Binance’s General Manager for Central and Eastern Europe, Kyrylo Khomiakov, will take responsibility for Central Asia as well. His promotion comes after the crypto exchange’s top executives in the region left the company last month, part of a string of executive exits at Binance this year. Kyrylo...
‘Bond King’ Bill Gross Predicts Q4 Recession: Loan Delinquencies and Regional Banks in the Crosshairs
24.10.2023
Bill Gross, revered as Wall Street’s ‘Bond King,’ foresees a recession clouding the U.S. economy by the year’s final quarter. He pinpoints the burgeoning issue of overdue car payments and the financial strains beleaguering regional banks as catalysts for the impending...
Binance Latam Regional VP: ‘We Intend to Become Regulated in Argentina’
24.10.2023
Min Lin, Latam regional vice president at Binance, referred to the intention of the institution to become regulated in Argentina after a specific law to license crypto brokers is approved. Lin stated the exchange is talking with regulators to introduce innovation in regulatory frameworks...
Economists Warn Direct Iran-Israel War Could Trigger Global Recession
20.10.2023
Bloomberg’s economists have warned that a direct war between Iran and Israel could trigger a global recession. “Soaring oil prices and plunging risk assets would deal a substantial blow to growth, and take inflation a notch higher,” they said. “The wider the conflict spreads, the more...
Madeira Launches Bitcoin Business Hub to Drive Regional Innovation
13.10.2023
The President of Madeira, Miguel Albuquerque, alongside Prince Filip of Serbia, officially announced the establishment of a Bitcoin business hub to promote innovation in the region.
This announcement was made earlier today during a fireside chat on the second day of the Bitcoin Amsterdam 2023...
State Securities Regulators Support SEC in Lawsuit Against Crypto Exchange Coinbase
11.10.2023
A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the United States as opposed to implementing existing...
Study: Sub-Saharan Africa’s Bitcoin Transaction Volume Number One Globally, Data Indicates Shift Towards Stablecoins
23.9.2023
Despite accounting for just 2.3% of global transaction volume, the latest data shows that crypto has penetrated key markets in Sub-Saharan Africa and “become an important part of many residents’ day-to-day lives.” With a regional volume of 9.3%, Sub-Saharan Africa’s...
Galaxy Digital Is Keen on European Expansion As The Firm Hires First Regional Head
21.9.2023
Digital asset services firm, Galaxy Digital seeks an international expansion to Europe with the addition of a regional chief.
Mike Novogratz's crypto firm has hired Leon Marshall, the company’s former head of sales as its first-ever European Chief Executive, setting the tone for a possible...