Russia and Iran are forging a confidential financial system to replace SWIFT, signaling a bold move to bypass Western dominance and reshape global economic power dynamics. Russia and Iran Deepen Ties in Push to Abandon SWIFT Completely Russia and Iran are collaborating to establish a secure financial messaging system as an alternative to the SWIFT […]
A CTO argues generative artificial intelligence (AI) enhances creativity by lowering barriers and shifting human focus to higher-level tasks. Lowering Barriers to Creativity with AI Fueled by fears that AI will eventually stifle creativity, doomsday predictions are nothing new, as Phillipe Wassibauer, chief technology officer (CTO) at Crunchdao, has asserted. Wassibauer, however, argues that even […]
Fabio Araujo, the coordinator of Drex, the Brazilian CBDC, envisions this network substituting the current national transaction system and moving all the funds currently settled by the Reserve Transfer System. However, he stated that this would take some time, as the cost of this migration would be significant. Drex Coordinator Envisions Total Substitution Of Traditional […]
Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated that, while some cryptocurrencies present interesting opportunities as payment tools, ultimately, no cryptocurrency can currently substitute for the U.S. dollar. Russian Analyst States Bitcoin Won’t […]
Gemini co-founder Tyler Winklevoss has urged the crypto industry to demand to know who the next U.S. Securities and Exchange Commission (SEC) chair will be before the election. He also urged crypto supporters to “demand that both parties embrace our industry, treat it fairly, and do everything in their power to ensure that America is […]