Russia to Work on CBDC Settlement amid Ongoing Sanctions
Russia is moving forward with its digital ruble project in the first quarter of 2023, studying two possible CBDC cross-border settlement models
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China Lifts Zero-COVID Policy: Disastrous for World Economy?
Chinese citizens and businesses emerge from a three-year isolation as China lifts zero-COVID policies imposed back in 2019. Experts across multiple industries are concerned about the impending impact this will have on global health and economy. Cut off from the rest of the world since the start of the COVID-19 pandemic, mainland China finally opens […]
Greenlight Launches Financial Literacy Game for Kids and Teens
Fintech company Greenlight Financial Technology, Inc. announced the launch of Greenlight Level Up, an interactive financial literacy game.
US Banks to Report Profit Decline, Prepare for Recession
Major US banks are expected to show a net profit decline in their quarterly earnings reports to be released on Friday, while the industry is getting ready for an economic slowdown
Nuvei to Buy Paya
The Canadian payment company Nuvei signed a deal to purchase the American division of Paya.
Apple to Release a Mixed-Reality Headset
In 2023, Apple will focus its main forces and resources on creating a fundamentally new device.
bill_line: how Ukraine-based fintech startup developed payment solutions during 2022
bill_line, a Ukrainian-based fintech company, published the main results of its work in 2022. During the last 12 months, the company managed not only to upscale their worldwide payment business, but also to start an active growth stage.
Swiss National Bank Post $143 Billion Loss in 2022
In 2022, the Swiss National Bank recorded losses of $ 143 billion.
UK Fintech Funding Slashed by 8%
Fintech funding in the UK remained ahead of the levels seen in Europe and Asia amid a sharp global slowdown, but still decreased about 8% compared to its 2021 value
CES 2023 Showcases Touch and Smell Tech for Metaverse
Metaverse needs more customised and real-life-like user experiences such as the integration of the senses of smell and touch into VR experiences, as demonstrated at CES 2023
Jack Ma Gives Up Control over Ant Group
The billionaire Jack Ma will give up control of the Chinese fintech giant Ant Group under a corporate restructuring
DeFi Projects were Main Attack Target in 2022, Expect More Hacks This Year
Reports show DeFi projects faced 113 hacking attacks in 2022, with a total of $950 million in losses
Santander Partners Allianz Trade & Two for B2B BNPL Solution
The partnership combines Allianz Trade’s global corporate database with Two’s B2B BNPL technology, while Santander provides expertise in Working Capital Solutions
Top Casino Games with the Lowest House Edge
We play casino games for fun and for the money, but not all games offer the same guarantee of returns; there is a significant variation in the likelihood of payout % from game to game. The casino’s house edge, or the casino’s statistical advantage in any particular game, is determined in part by the casino payout rate.
Who Is and Isn’t Feeling the Unofficial Recession?
“The credit market is clearly telling the equity market: we don’t see a recession, and if we do see one, it will be a mild one,” says head of international fixed income at NatAlliance Securities, as quoted by the Financial Times. And yet, the current inflation is deemed “the hottest” in four decades. The first […]
Customers of US Bank Silvergate Withdrawn Over $8bn of Crypto-Linked Deposits
Customers of the American bank Silvergate have withdrawn more than $8 billion from their cryptocurrency-related deposits. About 65% of Silvergate’s customers have withdrawn their deposits in the last three months of 2022. The bank sold its assets worth $5.2 billion. This decision was made by a financial institution to cover expenses. Also, the sale of […]
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