system – DIGIT INFO

Putin: BRICS Nations Developing Own Payment and Settlement System

DIGIT — Fri, 27 Sep 2024 02:30:37 +0000

Russian President Vladimir Putin has revealed plans for an independent payment system in collaboration with BRICS nations to secure foreign trade transactions. This move reflects a strategic shift aimed at increasing Russia’s and BRICS’s autonomy in global trade amid broader economic changes. Russia Announces Independent Payment System with BRICS for Foreign Trade During the Russian […]

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Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

DIGIT — Sun, 12 Mar 2023 18:30:23 +0000

The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on […]

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Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin

DIGIT — Sun, 12 Mar 2023 05:30:36 +0000

Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new blockchain analytics system, the official revealed. Volume of Crypto Transactions in Russia Almost $13 Billion, Financial Authority Says The turnover of crypto […]

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Binance Tests AI-Infused NFT Platform Bicasso in Limited 10K Mint Run

DIGIT — Wed, 01 Mar 2023 23:30:18 +0000

On Wednesday, Binance CEO Changpeng Zhao, also known as CZ, announced the launch of a new non-fungible token (NFT) platform infused with artificial intelligence (AI). The AI-centric product is named Bicasso, and CZ said the beta version dropped today and was limited to 10,000 mints. Combining AI and NFTs: Binance CEO Announces Bicasso Artificial intelligence […]

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Russia’s Interior Ministry Employs Tool to Identify Crypto Wallet Owners, Track Transactions

DIGIT — Sat, 10 Dec 2022 02:30:36 +0000

The Russian Ministry of Internal Affairs is now using a digital tool allowing officers to link cryptocurrency wallets to their owners. The software also has a feature facilitating the monitoring of crypto asset transactions, the department told Russian media. Russian Police Brag About New Crypto Tracing Tool on Eve of Anti-Corruption Day Employees of MVD, […]

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Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks

DIGIT — Wed, 13 Jul 2022 11:30:34 +0000

A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the disconnecting of countries and banks. Russian Developers Create SWIFT Substitute Using Blockchain Experts from the Competence Center […]

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Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT

DIGIT — Sat, 04 Jun 2022 11:30:02 +0000

Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks. Rostec Employs Distributed Ledger Technology to Substitute SWIFT Russian state-owned corporation Rostec has built a […]

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This Is Not Capitalism: How Covid-19 Shined a Light on America’s Fascist System

DIGIT — Sun, 24 May 2020 23:35:21 +0000

In the last few months, giant American corporations and financial incumbents that are subsidized by the U.S. government, have profited immensely during the coronavirus outbreak. This has caused certain groups of people and those who despise wealth to claim that “capitalism is broken.” However, today’s system, that’s currently practiced in the U.S. and many other […]

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Why the Birth of Bitcoin Can Be Traced Back to 1971

DIGIT — Sun, 01 Sep 2019 08:30:23 +0000

The world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking crises were rare, pay was rising alongside productivity, and the U.S. dollar would buy a certain amount of pure gold. Despite its obvious successes in […]

The post Why the Birth of Bitcoin Can Be Traced Back to 1971 appeared first on Bitcoin News.

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Crypto Regulations Are Changing Worldwide to Comply With FATF Standards

DIGIT — Mon, 12 Aug 2019 03:45:23 +0000

Governments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data. Also read: China Publishes New Rankings of 37 Crypto Projects A New Crypto […]

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