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Trade · BeijingChina and Russia are ditching traditional banking for digital payments in their trade dealings. Sanctions on Russia have made banking a nightmare, with some transactions taking months to clear. This hassle has pushed both countries to explore quicker, more efficient digital alternatives. Qifa, a digital platform operating in Beijing and Moscow, has become a key player in this. Reportedly, they recognized that using digital payments, including …See the Story
China and Russia adopt digital payments for trade
Crypto markets seemingly revive – but Ethereum is still too weak
ETH’s Péter Szilágyi says, “Ethereum is losing the plot”
Ontario, Canada · OntarioThe Canadian video game developer BioWare announced on the official Dragon Age X account that the upcoming Dragon Age: The Veilguard game will be Steam-native. The game will, therefore, not require the EA app to launch on the distribution service. The game being native on Steam will also ensure gamers do not need any other third-party applications to launch it. The upcoming RPG is Steam Deck verified, significantly improving the game’s performa…See the Story
Dragon Age: The Veilguard will not need the EA app to launch on Steam
New stablecoin AUSD by Agora enters growth spiral
Burbank, California · BurbankBaldur’s Gate 3 has continued to draw attention after continuing its streak of averaging over 100,000 daily Steam players since it was released in 2023. The game has only dipped below the 100,000 daily-player mark a few times since its release. These daily numbers have placed the game ahead of other popular games. Baldur’s Gate 3 has continued its dominant streak of averaging over 100,000 daily Steam players for a year. The game’s peak average d…See the Story
Baldur’s Gate 3 retains over 100,000 daily Steam players a year after its release
Switzerland · SwitzerlandThe Swiss Financial Market Supervisory Authority (FINMA) sees stablecoin issuers as a problem for the country’s banks. Its 2019 guidelines already highlighted concerns about the legal and regulatory aspects of stablecoins. Since then, several projects have launched in Switzerland, making this issue even more pressing. Stablecoins holders typically have a payment claim against the issuer, which categorizes these claims as either banking deposit…See the Story
FINMA thinks stablecoin issuers are a threat to Swiss banks
Los Angeles, California · Los AngelesElon Musk appears sure that the American Economy is headed for a catastrophic collapse. In a tweet on X today, Elon replied to an economic data post stating, “America is headed for bankruptcy, fyi.” Rising national debt has long been a major issue in America, and Elon Musk, the CEO of Tesla, has taken notice. This economic state is one he has held for months. On July 22, 2024, Elon said, “America is going bankrupt, btw.” The tweet was in respons…See the Story