Russia Looks for Blockchain Opportunities to Avoid Sanctions
Putin called sanctions imposed by global countries “illegitimate restrictions” and proposed a blockchain-based settlement network
News - page 199
China Covid-19 Protests Push Stocks and Oil Down
Hong Kong shares fell 2%, offshore yuan weakened against the USD, while oil prices plunged to the lowest level in a year
Black Friday Online Sales Hit Record $9 Billion
Major increase in BNPL payments helped consumers boost their spending despite high prices and inflation
Binance Presented Merkle Tree-Based Proof of Reserves
The crypto exchange is quick to deliver on its promise to address liquidity transparency issues
1inch Offers Protection Against ‘Sandwich Attacks’
The new tool allows users to submit transactions directly to validators, bypassing the mempool
Atom Bank Raises £30M, Gets Ready for IPO
The latest funding round brought the bank £30 million from BBVA, Toscafund, and Infinity Investment Partners, in preparation for a 2024 IPO
Great Opportunities For Embedded Finance in the European Mobility Sector Revealed
Research conducted by Solaris and the Handelsblatt Research Institute analyzes the potential of the most popular mobility providers in Germany, France, Italy and Spain to offer financial services
PayPal to Introduce Optional Gambling Transaction Blocking Software
In a move that will please both the gambling industry and consumers, PayPal has announced that it will release software that will allow customers to block gambling-related transactions.
Cybercriminals Will Look Away from BTC: Kaspersky
Although crypto-related cybercrime won’t slow down in 2023, crooks will look for alternatives to Bitcoin as a source of payment, as regulation and tracking improves
OECD Says Global Economy May Avoid Recession in 2023, More Interest Rate Hikes Needed
ECB should narrow the interest-rate gap with the US Fed, as inflation is unlikely to fall back quickly
Credit Card Payments in South Korea to Reach $900 Billion by 2026: GlobalData
Credit cards are the most preferred payment choice in South Korea, worth nearly 80% of total card payments value in 2022
Apple & Google Face Thorough Antitrust Probe of Mobile Market Power in the UK
British competition regulator is deepening its investigation into the market power of Apple and Google, suspecting they might restrict competition on mobile devices
Hong Kong Warns That Stablecoin Volatility Can Affect Traditional Financial Systems
Systematic shocks within the crypto ecosystem risk to have knock-off effects upon traditional financial institutions
Transport for London Works on Next Generation Transport Payments Solution
An upgrade to TfL’s revenue collection system will combine its Oyster closed-loop transit card with an account-based contactless ticketing
RBI to Launch Retail CBDC Pilot
Another digital rupee pilot will supplement the current national payment system
UK Startup Griffin Launches BaaS Sandbox
Griffin’s sandbox environment is officially out of beta and ready for exploration
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