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China Pushes Digital Yuan for Wage Payments in Changshu

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Changshu, a city in China with more than 1.5 million inhabitants, will pay public workers’ wages with the Chinese central bank digital currency (CBDC), the digital yuan. The move marks an acceleration of the adoption plans that Beijing has for the…

Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely Unrestricted

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Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton Siluanov. “Two parties come to an agreement, make settlement payments, and no other country…

Crypto Exchange Bitrue trpi $23 Million Hack

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Kripto borza Bitrue s sedežem v Singapurju je izgubila milijone ameriških dolarjev. dolarjev’ vrednost etra in drugih kovancev pri vdoru. Trgovalna platforma je ustavila dvige do začetka naslednjega tedna, da bi izvedla dodatne varnostne preglede, in obljubila, da bo prizadetim uporabnikom povrnila škodo.. Bitrue…

Tržni analitik napoveduje propad "vsega".,« Poziva k zavarovanju zlata in srebra pred tveganjem, preden ga ne ostane

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Egon von Greyerz, market analyst and founder of Matterhorn Asset Management, is predicting the collapse of the central bank system in the next few years due to an increasing issuance of currency and debt. Von Greyerz states that in the face…

BRICS Nations Working on Creating New Currency to Be Discussed at Next Leaders Summit: Poročilo

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The BRICS nations are reportedly working on developing a new form of currency, which is expected to be discussed at the next BRICS leaders’ summit, according to a top Russian official. “The transition to settlements in national currencies is the first…

Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a ‘Domino’ Run on the Banks

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Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations offered to startup founders. Draper recommended having at least two payrolls worth of cash in bitcoin or other cryptocurrencies to avoid…

Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion

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ZDA. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after…

US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks

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A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses of several major banks, he stressed that if the government does not do this, there will be a run on smaller…

Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming

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Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved…

Meta Winding Down Support for NFTs on Facebook, Instagram

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ZDA. tech giant Meta is giving up on operations with non-fungible tokens (NFT-ji) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading social media platforms last year. Meta Platforms Cutting Off Support…