In 2017, SWIFT cut off North Korea’s last banks to limit its nuclear ambitions, but the country still finds ways to earn foreign currency. North Korea engages in smuggling coal and minerals, sending workers abroad, and cyber theft. With China as a key player, North Korea smuggles goods disguised as trash and uses overseas workers ...
Vancouver City Council has approved a motion aimed at making the city more supportive of Bitcoin. Mayor Ken Sim is pushing for this change to help protect the city’s financial stability against inflation. He believes incorporating Bitcoin into the city’s finances could be beneficial and has even promised to donate $10,000 worth of Bitcoin to ...
In today’s Market update, the ASX 200 is up by 0.3%, reaching 8,491 points, while the Australian dollar has slightly increased to 64.33 US cents. Notable movements include Bitcoin surging 3.2% to hit $101,000, significantly influenced by Donald Trump’s new SEC pick, Paul Atkins, seen as friendly to cryptocurrency. Meanwhile, BHP’s president is advocating for ...
KULR Technology Group has decided to make bitcoin a key part of its financial strategy by including it as a primary asset in its treasury program. With over $12 million in cash reserves, the company plans to invest up to 90% of its surplus cash into bitcoin, depending on Market conditions. CEO Michael Mo highlights ...
BRICS, a group of rapidly growing economies including Brazil, Russia, India, China, and South Africa, aims to challenge the dominance of the US dollar, which currently controls about 80% of global trade. The leaders of these nations want to reduce their reliance on the dollar, as it gives the US significant economic and geopolitical advantages, ...
The world's leading financial stability watchdog has announced that Klaas Knot will continue as chair until the end of June. This decision delays the search for his successor, a challenging role in global finance.
Canada and Australia, two resource-rich nations, are currently facing similar economic challenges due to unsustainable levels of immigration. This population boom has resulted in poor productivity, overburdened infrastructure, and a per capita recession in both countries. Economists at the National Bank of Canada and independent economist Gerard Minack warn that no increase in living standards ...
