Category Archives: Global Market

Sam Bankman-Fried’s Sentencing: Key Considerations

FTX customers may recover their lost funds and the judge’s consideration of SBF’s potential neurodivergence. Prosecutors claim SBF defrauded customers of over $8 billion, while his defense argues for a reduced sentence, highlighting efforts to repay victims and SBF’s neurodivergent characteristics. The judge must navigate these complex issues, including the debate over whether to focus […]

Less is More at Consensus Conference 2023: A Tale of Quality over Quantity

The Consensus Conference 2023, held at the Austin Convention Center, Texas, was an incredible experience that brought together some of the brightest minds in the industry. From May 26-28, attendees were treated to cutting-edge presentations and discussions on the latest technologies and trends in the field. One World Media hit the floor running with our […]

XRP Used as Solution by Blockchain Financial Service to Convert Funds During USDC Depeg

This query is about using XRP by blockchain financial service Reaper Financial to convert funds during the USDC depeg. Several news sources such as TradingView, u.today, Flipboard, Twitter, Reddit, LinkedIn, and NewsNow have reported on this. Step-by-Step Process The following is a step-by-step process of what happened regarding the use of XRP by Reaper Financial […]

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) announcement.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced that it has successfully completed the first testing phase for Central Bank Digital Currency (CBDC) and is now moving to the next stage. The first testing phase was conducted with several banks from around the world and showed positive results. The next testing phase will […]

Amazon reportedly plans to launch its Non-Fungible Token (NFT) marketplace next month

Amazon reportedly plans to launch its Non-Fungible Token (NFT) marketplace next month. The news follows the company’s recent acquisition of the NFT platform, Decentraland. The marketplace features content from various artists and creators and will allow users to purchase and own digital content such as music, art and video. The company is also said to be working on a […]

Central Banks of Israel, Norway, and Sweden Model Hub for Digital Currency Payments

The central banks of Israel, Norway, and Sweden have collaborated to develop a cross-border payment platform project that explores the potential of central bank digital currencies (CBDCs) for international retail and remittance payments. The Bank for International Settlements (BIS) has also joined the project to explore the potential of CBDCs for international payments. The Bank […]

SEC’s Emergency Action Against Miami-Based Crypto Hedge Fund

On Monday, the U.S. Securities and Exchange Commission (SEC) filed an emergency action against a Miami-based crypto hedge fund and its co-founders for allegedly running a fraudulent scheme. Here is a summary of the details: Allegations BKCoin Management LLC, a Miami-based investment adviser, and its principal Kevin Kang allegedly ran a $100 million Ponzi-like scheme […]

Democrats’ Pressure on SEC Chair Gary Gensler for Climate Risk Disclosure Rule

Democrats’ pressure on SEC Chair Gary Gensler to push ahead with a landmark climate risk disclosure rule: Pressure on SEC Chair Gary Gensler Dozens of Democratic lawmakers are putting pressure on SEC Chair Gary Gensler to push ahead with a landmark climate risk disclosure rule facing fierce opposition from Wall Street to Washington. More than […]

Bybit Introduces Mastercard-Powered Debit Card

Cryptocurrency exchange Bybit has launched a Mastercard-powered debit card that allows users to pay for goods and services with their cryptocurrency holdings. The announcement comes shortly after the exchange halted U.S. dollar bank transfers due to “service outages” by one of its processing partners. Here is a step-by-step process of how the Bybit debit card […]

World’s largest cryptocurrency exchange suspending U.S. dollar deposits

Binance, one of the world‘s largest cryptocurrency exchanges, will be suspending U.S. dollar deposits this week. The exchange made the announcement on February 6th, citing “regulatory uncertainty“ as the reason for the move. Binance has been actively preparing for the change, and will no longer accept deposits of U.S. dollars on February 8th. Customers who […]

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