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Economy

A collection of 596 issues

SWIFT will probably no longer exist in 5 years - CEO of Mastercard

Mastercard's CEO recently responded in the negative to the question of whether SWIFT will exist in five years. SWIFT is currently a monopoly when it comes to cross-border payments, but its footing in this space is rapidly eroding with the introduction of blockchain and digital assets. The future is likely

FTX buys up brokerage startups

Prior to the launch of stock trading and ETFs, the crypto exchange FTX showed interest in brokerage startups and began negotiating to buy them. The terms and final amount are not yet known. According to unconfirmed reports, the companies in question are Webull, Apex Clearing and PublicCom. Also FTX CEO

Bitcoin is "impractical" as a means of payment

Bank of England Governor Andrew Bailey joined the chorus of central bank governors who criticized cryptocurrencies last week. He believes there is no prospect for bitcoin as a payment instrument. Bailey said bitcoin has no intrinsic value, which prevents it from ranking with other payment instruments. According to him, the

Balenciaga begins to accept cryptocurrency following Gucci

According to the statement, the brand will soon begin accepting cryptocurrency as payment for goods in its flagship stores in the U.S. At the initial stage, it will be possible to pay for purchases in bitcoin and ether. In early May, the Gucci brand reported about the integration of

Will crypto go down?

🔺In the last reporting period from 11.05 to 17.05, institutional traders shorted by 247 units at a bottom BTC price of $26700. Who would have doubted, but their recruitment of shorts was justified. The huge preponderance towards the longs remains 8.87:1. A good sign is that

Bill Gates Joins Anti-Crypto Coalition

During the Reddit "Ask Me Anything" conference, the Microsoft founder stated that he does not invest in any crypto-assets. In his opinion, he only invests in assets that have "value. Bill Gates added that he does not consider cryptocurrencies as an object for investment, as their value is based only

The Italian company Eni is ready to meet the requirements of Russia and open a bank account in rubles.

The Italian company Eni is ready to meet the requirements of Russia and open a bank account in rubles. This was reported by Bloomberg.

German concern Siemens has announced the cessation of business in Russia.

Earlier the company suspended new operations and international deliveries to Russia and Belarus. - More than 2,700 people work in the company's Russian division. - The company's turnover in Russia in fiscal year 2021 was 834 million euros.

Apartment in Portugal sold for 3 Bitcoins.

For the first time in Portugal, an apartment was sold for Bitcoins without converting the cryptocurrency into fiat money (euros). The transaction amounted to 3 Bitcoins ($108,204 as of May 7). "This transaction represents a historic milestone, the conversion of a digital asset to a physical asset - a

All Russian passenger car plants have stopped their production lines.

The Haval, Mazda Sollers, UAZ and Avtotor plants have stopped their production lines. No light vehicles are being produced in the country at the moment. This happened for the first time in 75 years.