Joseph Branch

Joseph Branch

Russia to abolish international roaming with three countries.

Russia will abolish international cellular roaming with Kazakhstan, Kyrgyzstan and Armenia, members of the Eurasian Economic Union (EAEU), by 2025, Vedomosti newspaper wrote with reference to the application to the Eurasian Economic Commission (EEC), sent to all major mobile operators of the union states and the Ministry of Economic Development

Nasdaq to launch cryptocurrency storage service

The US stock exchange Nasdaq has announced that it will soon launch a cryptocurrency storage service. The company plans to do so by the end of the second quarter of this year. The company began developing the service back in September last year. It will offer BTC i ETH storage

IMF chief talks about the importance of China's economic recovery

China will account for about a third of global economic growth in 2023, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Sunday, speaking at the China Development Forum in Beijing. "The strong recovery of the Chinese economy means it will account for about a third of global economic

Citi: Mobile money is a "game changer" for banking

Citigroup's chief executive Jane Fraser says mobile apps and the ability for consumers to transfer millions of dollars with the click of a button will bring fundamental changes to how banking is run while regulators are forced to react to the risk of customers withdrawing their bank deposits, Bloomberg writes.

Financier calls China vulnerable to European economy

Financier Macdonald called China vulnerable to Europe's economy and U.S. consumers Lawrence Macdonald, former vice president of Lehman Brothers Financial Corporation, in a conversation with RIA Novosti called China very vulnerable to the European economy and consumers in the United States. According to McDonald, China is a country with

Florida governor proposes to ban CBDC

Florida Governor Ron DeSantis has filed a bill to ban CBDC use in his state. "This would protect Florida consumers and businesses from the unwise implementation of the 'centralized digital dollar.' Such an asset would stifle innovation and could be used by the government for surveillance," DeSantis said in

New York Community Bancorp bought a major stake in Signature Bank.

US-based New York Community Bancorp purchased almost all of Signature's deposits as well as a portion of Signature's loan portfolios for a total of $38.4 billion. The deal did not include $4 billion in deposits related to Signature Bank's digital banking business. They will continue to be managed by

"Cryptocurrency is less stable than the marijuana market" - U.S. Senator

The U.S. Senate Finance Committee held another hearing in which Senator Michal Bennett criticized those banks that operate in this area. The politician also openly expressed his dislike for the entire digital asset industry. "Signature collapsed last weekend. One-fifth of its deposits came from cryptocurrency companies. They (banks) aren't

U.S. to launch analogue of Russian SBP

The U.S. Federal Reserve has confirmed that in July it will launch a long-awaited instant payment system (a counterpart to Russia's SBP), which some consider an alternative to digital currencies and central bank stablcoins, writes Cointelegraph. The Instant Payments Network will make payments in seconds and support transactions between

U.S. banks are ready to work with the crypto industry

Despite the collapse of Silvergate, Signature and SVB, U.S. banks are ready to work with cryptocurrencies, reports CoinDesk. Santander, HSBC, Deutsche Bank, BankProv, Bridge Bank, Mercury, Multis and Series Financial have all said they are willing to serve the cryptosphere.