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Russia Pushes for Sustainable BRICS Interbank Networks and Payment Systems

Russia Pushes for Sustainable BRICS Interbank Networks and Payment SystemsRussia is pushing to develop independent interbank networks and payment systems within BRICS to boost the bloc’s financial influence. Moscow aims to expand cross-border settlements and the use of national currencies in BRICS trade, as part of a strategy to reduce dependence on Western financial institutions. These efforts have gained attention during Russia’s BRICS presidency, […]

Hex Founder Richard Heart Included in Europol’s Most Wanted List

US Company Settles Salvadoran Coffee Purchase With Bitcoin

US Company Settles Salvadoran Coffee Purchase With BitcoinAccording to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadoran counterpart in this transaction, explained that he received the payment in less than 10 minutes, bypassing the need for intermediaries in these deals. Salvadoran Coffee […]

Hex Founder Richard Heart Included in Europol’s Most Wanted List

Bilateral Settlement Between China and Russia Worsens Due to New Sanctions

Bilateral Settlement Between China and Russia Worsens Due to New SanctionsThe payment flow between China and Russia is being disrupted once again due to the enactment of a new package of sanctions that includes 46 Chinese companies allegedly assisting the Russian war effort. This has affected imports of dual-use products, which can be used for both military and civilian purposes, as well as other merchandise. […]

Hex Founder Richard Heart Included in Europol’s Most Wanted List

Russia Looking at Using Stablecoins for International Payments: Russian State Media

Russia Looking at Using Stablecoins for International Payments: Russian State Media

Russia is reportedly considering using stablecoins to make international payments, according to state-run media. According to a new report by Russian state publication Izvestia, Russia is looking to legalize the use of stablecoins to make cross-border payments. The report didn’t mention what type of stablecoins the Russian government is considering. The Deputy Chairman of Russia’s […]

The post Russia Looking at Using Stablecoins for International Payments: Russian State Media appeared first on The Daily Hodl.

Hex Founder Richard Heart Included in Europol’s Most Wanted List

Coinbase Wallet Unveils Global USDC Transfers via WhatsApp, Telegram, Facebook and Other Social Media Apps

Coinbase Wallet Unveils Global USDC Transfers via WhatsApp, Telegram, Facebook and Other Social Media Apps

Top US-based crypto exchange Coinbase is unveiling instant global transfers of the stablecoin USDC via social media apps. In a new blog post, Coinbase says that users of its crypto wallet can now instantly send money across the world without having to deal with the complexities of bank transfers. According to Coinbase, the money can […]

The post Coinbase Wallet Unveils Global USDC Transfers via WhatsApp, Telegram, Facebook and Other Social Media Apps appeared first on The Daily Hodl.

Hex Founder Richard Heart Included in Europol’s Most Wanted List

Crypto is for criminals? JPMorgan has been fined $39B and has its own token

Crypto proponents on X wasted no time pointing out the hypocrisy of JP Morgan CEO Jamie Dimon’s recent remarks to the United States Banking Committee about Bitcoin and crypto.

JPMorgan CEO Jamie Dimon is being hauled over the hot coals on crypto X (Twitter) after claiming Bitcoin (BTC) and cryptocurrency's “only true use case” is to facilitate crime.

“The only true use case for it is criminals, drug traffickers, money laundering, tax avoidance,” Dimon said in a hearing before the United States Banking Committee on Dec. 5. "If I were the government, I'd close it down."

But crypto pundits quickly pointed out the seeming hypocrisy in Dimon’s statements, highlighting that JPMorgan is the second largest penalized bank, having paid $39.3 billion in fines across 272 violations since 2000, according to Good Jobs First’s violation tracker.

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Hex Founder Richard Heart Included in Europol’s Most Wanted List

Bank for International Settlements and European Central Banks Developing Crypto and DeFi-Tracking System

Bank for International Settlements and European Central Banks Developing Crypto and DeFi-Tracking System

The Bank of International Settlements (BIS) is collaborating with central banks in Europe to develop a crypto and decentralized finance (DeFi) tracking system. In a new publication, the BIS unveils Project Atlas, a data-gathering platform created in conjunction with the Deutsche Bundesbank and De Nederlandsche Bank that aims to “shed light on the macroeconomic relevance […]

The post Bank for International Settlements and European Central Banks Developing Crypto and DeFi-Tracking System appeared first on The Daily Hodl.

Hex Founder Richard Heart Included in Europol’s Most Wanted List

Visa Says This Ethereum Rival Has ‘Unique Technological Advantages’ Over Other Chains

Visa Says This Ethereum Rival Has ‘Unique Technological Advantages’ Over Other Chains

Credit card giant Visa says that one Ethereum (ETH) competitor has unique technological advantages over other blockchains as a payments platform. In a new company blog post, the financial services titan says that smart contract platform Solana (SOL) has distinctive features that set it apart from its rivals, such as low and predictable transfer fees, […]

The post Visa Says This Ethereum Rival Has ‘Unique Technological Advantages’ Over Other Chains appeared first on The Daily Hodl.

Hex Founder Richard Heart Included in Europol’s Most Wanted List

Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says

Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov SaysEfforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his colleagues in India, Moscow’s top diplomat also discussed the similar initiative within BRICS. Sergey Lavrov Convinced SCO Countries Will Switch to National Currencies, Won’t […]

Hex Founder Richard Heart Included in Europol’s Most Wanted List

Iran Sets Up Platform to Facilitate Crypto Payments for Imports

Iran Sets Up Platform to Facilitate Crypto Payments for ImportsAuthorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements. Iran to Use Cryptocurrencies for Imports, Trade Organization Chief Vows Iranian companies will be able pay for […]

Hex Founder Richard Heart Included in Europol’s Most Wanted List