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BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor

BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says ProfessorA Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed the introduction of Zimbabwe Gold (ZiG), a currency backed by mineral wealth, […]

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JPMorgan CEO Jamie Dimon Warns of ‘Treacherous’ Global Tensions — and It’s Getting Worse

JPMorgan CEO Jamie Dimon Warns of ‘Treacherous’ Global Tensions — and It’s Getting WorseJPMorgan Chase CEO Jamie Dimon sounded the alarm on mounting global instability, warning it could spark far-reaching economic disruptions. The executive stressed the toll of geopolitical tensions and the looming risks of fiscal deficits and remilitarization. With uncertainty escalating, Dimon urged vigilance, emphasizing that these crises could reshape both the economy and the course of […]

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Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says

Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor SaysMayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding essential services. With over $1 billion in investments, bitcoin mining could […]

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How China’s Economic Slowdown Will Transform Global Trade, Expert Insights

How China’s Economic Slowdown Will Transform Global Trade, Expert InsightsChina’s slowing economy is poised to redefine its global trade relationships, particularly with the Global South. Assistant professor Ning Leng of Georgetown University’s McCourt School of Public Policy discussed how these internal economic challenges might prompt China to boost investments in regions like Southeast Asia and Latin America. China’s Economic Shift and Its Global Implications […]

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Liminal Says Grant Thornton Confirms Its Security Amid Wazirx Breach Concerns

Liminal Says Grant Thornton Confirms Its Security Amid Wazirx Breach ConcernsGrant Thornton’s review of Liminal’s infrastructure revealed no signs of any security breach within its frontend or backend systems, according to Liminal. Following a breach at Wazirx that resulted in the theft of over $230 million, internal and third-party investigations at Liminal identified a data discrepancy, though no security vulnerability was uncovered. The company emphasized […]

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China and South Africa Boost BRICS Ties: Key Outcomes from Xi’s Meeting With Ramaphosa

China and South Africa Boost BRICS Ties: Key Outcomes from Xi’s Meeting With RamaphosaChina and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the importance of expanding BRICS and enhancing economic coordination to support sustainable development. China and South Africa Reaffirm Commitment to Strengthening […]

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Greenidge Expands Bitcoin Mining Operations in Mississippi

Greenidge Expands Bitcoin Mining Operations in MississippiGreenidge Generation Holdings Inc. has expanded its bitcoin mining operations with a new site in Mississippi. The site, which went live on July 1, 2024, features 2,400 bitcoin miners and is expected to increase capacity further in the coming months. Greenidge Adds 2,400 Bitcoin Miners to New Mississippi Facility Greenidge (Nasdaq: GREE) acquired the 12-acre […]

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Bitcoin Mining Firm Bitdeer Partners With Ohio Port Authority for 570 MW Expansion

Bitcoin Mining Firm Bitdeer Partners With Ohio Port Authority for 570 MW ExpansionBitdeer Technologies Group has signed a lease agreement with the Monroe County Port Authority to secure an additional 570 megawatts (MW) of power capacity. This expansion brings Bitdeer’s total global capacity to 2.5 gigawatts (GW). Bitdeer Expands Power Capacity With New Partnership in Ohio Bitdeer, a Nasdaq-listed company, has leased land at the Hannibal Industrial […]

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