UAE Backs Crypto Adoption With Trading Potential
The United Arab Emirates have been overt regarding their interest in crypto. Now, UAE’s Minister says crypto will ‘play a major role for the United Arab Emirate’s global trade going forward’.
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B2B BNPL Playter Launches Credit Solution Paid
The UK-based provider of B2B Buy-Now-Pay-Later (BNPL) services Playter now allows suppliers to offer out BNPL payment plans to their customers
America’s First Nuclear-Powered Bitcoin Mining Center
Cumulus Data will open America’s first nuclear-powered Bitcoin mining center in Pennsylvania.
InsurTech Insured.io Introduces Payment Center
A new payment processing feature, Payment Center, will allow insured.io to customise automatic payments
Binance SWIFT Banking Partner to Ban USD Transfers Below $100K
Binance’s SWIFT partner, Signature Bank, has set a minimum transaction limit of $100,000.
Survey: Nearly 20% of US Firms Expect to Reduce Headcount
A survey by the National Association of Business Economics testified that conditions in the US labor market are softening, and companies are no longer experiencing a shortage of labor.
Brazil and Argentina to Create Common Currency
Brazil and Argentina will soon begin preparations for the creation of a common currency.
Citadel Reports Record Profit of $16 Billion
In 2022, Ken Griffin’s Citadel brought investors a profit of $16 billion.
Nova Credit Allowed to Provide Credit References in the UK
Nova Credit is a cross-border consumer credit bureau that uses first-party data to enable immigrant consumers to apply for financial services using their international credit history
Danske Bank Releases Climate Action Plan
Danish Danske Bank has developed an action plan to combat climate change.
SEC Fines Nexe Crypto Asset Platform for $45 Million
In the US, the Securities and Exchange Commission (SEC) fined the Nexo crypto asset platform.
China Development Bank Increases Loan Support for Science & Tech
China Development Bank granted CNY 261.9 billion (about $38.68 billion ) of loans to support the country’s science and technology innovation in 2022
Signature Bank Will Not Handle Crypto Transactions Under $100,000
Once a crypto-friendly bank, Signature is trying to reduce its exposure to the beleaguered digital asset market, increasing the transaction limits for crypto traders it supports
PayPal Users Victim of Data Breach
The accounts of 34,942 PayPal users were hacked between December 2-6, 2022.
Universal Digital Payments Network Launches at Davos
A Universal Digital Payment Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDC) was launched at the World Economic Forum (WEF) in Davos.
Apple to Struggle to Return to Growth
To meet the expectations of Wall Street, Apple is facing a serious problem in the form of declining demand for products.
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