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Russian Banks Baulk at Digital Ruble Implementation Costs


Russian banks, particularly smaller ones, are unhappy about the high cost (between $1.25 million and $2 million) of integrating with the central bank’s digital ruble platform. This cost is seen as prohibitive for many banks, exceeding their IT budgets. The central bank has mandated different...

Web3 Game Off the Grid Numbers Shine Despite Promotional Drop


Off The Grid, the so-called Web3 extraction shooter built on the Avalanche blockchain, has maintained momentum after its launch in the early access stages. While the game has fallen from the top 100 most viewed games on the streaming platform Twitch, it has maintained 500,000 daily active addresses...

Buenos Aires Implements Self-Sovereign Decentralized Blockchain ID Initiative


Buenos Aires’ Innovation and Transformation Secretary, Diego Fernandez, confirmed that Quarkid, a self-sovereign decentralized blockchain ID project, has already been implemented as part of the city’s app, Miba. In a recent interview, Fernandez explained that users who have verified...

World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years


The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the naira between 2021 and 2023. This foreign exchange subsidy, along with the fuel subsidy, deprived the government of revenue. The World Bank acknowledges the suffering...

Did Hackers Compromise US Government Crypto? $20M in Suspicious Activity


In a new update from Arkham Intelligence, it seems that crypto wallets linked to the U.S. government may have been compromised, losing around $20 million. According to Arkham, the bulk of the funds, primarily made up of stablecoins, were converted into ethereum “through suspicious addresses...

Iran Declares UN and IMF Ineffective, Advocates for BRICS-Driven World Order


Iran’s president slammed the UN Security Council and International Monetary Fund (IMF) at the BRICS summit, accusing them of losing effectiveness due to Western interference. He called for BRICS nations to reduce reliance on Western financial systems and push for a new global order. The president...

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