The U.S. Securities and Exchange Commission (SEC) has imposed a $ 38 million fine on Digital Currency Group (DCG), accusing the company of negligence in misleading investors about the financial stability of its subsidiary, Genesis Global Capital (GGC). SEC Alleges Misleading Practices by Digital Currency Group and Genesis Global Capital This case raises pressing …
Efforts to trade using national currencies are intensifying, as nations aim to reduce reliance on the U.S. dollar and Western financial systems while boosting economic independence. Russia’s Plans for National Currency Payment Systems Signal Declining Dollar Use Countries worldwide are increasingly opting for national currencies in trade agreements, reducing reliance on the U.S. dollar and […]
Administrators of Bonbast.com, Iran’s leading website for tracking the rial’s open-market exchange rate, took it offline due to severe distributed denial-of-service (DDoS) attacks and security concerns after criticism from Central Bank Governor Mohammad Reza Farzin. The shutdown removes a crucial data source for foreign exchange traders and citizens as the rial hits record lows against […]
Earlier this week, a Reddit post sparked a thoughtful discussion about artificial intelligence (AI) potentially adopting bitcoin in the era of artificial general intelligence (AGI). The conversation revolved around the idea that, as AI matches or surpasses human-level intelligence across a wide array of tasks, it might naturally turn to bitcoin as the leading cryptocurrency. […]
China and Nigeria have renewed a $ 2 billion currency swap arrangement for another three years. Trump Tariff Threat China and Nigeria have agreed to renew a $ 2 billion currency swap arrangement, initially signed in 2018. The arrangement reportedly aims to strengthen financial cooperation between the two countries and expand the use …