Deutsche Bank Acknowledges Crypto’s Leading Role in Ensuring BRICS’ Payment Capabilities

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Deutsche Bank, one of the largest banking institutions in Europe and the world, has recently linked BRICS to a significant percentage of cross-border transactions. The bank states that the bloc has been driven to cryptocurrency due to geopolitical tensions. Deutsche Bank: BRICS Countries Accounted for 28% of All Cross-Border Crypto Transactions Deutsche Bank, a German […]

Genius Group Is Purchasing $120 Million Bitcoin to Make BTC Its Primary Treasury Asset

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Genius Group to prioritize bitcoin as the primary asset for its treasury. Smart Bitcoin Investment for Genius Group Genius Group, an AI-powered education and acceleration group has decided to adopt a “bitcoin-first” strategy, making bitcoin its primary treasury asset. The adoption of this strategy came after the company reorganized its board with the addition of […]

Crypto Kidnapping: Tourist Held Captive, Forced to Transfer $250K in USDT

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A 23-year-old Ukrainian tourist in Phuket, Thailand, was kidnapped and forced to transfer $250,000 in USDT stablecoins (about 8.56 million baht) to two armed robbers. Viacheslav Leibov was threatened with violence until he complied with the robbers’ demands. Initially, the two robbers, an Armenian and a Ukrainian, demanded $500,000 in USDT but agreed to settle […]

Brazil Prepares to Let Tradfi Institutions Embrace Crypto

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The Central Bank of Brazil is preparing to open the cryptocurrency market to traditional finance institutions, which will be able to operate in this industry with clarity after the enactment of the upcoming regulation. Small crypto startups might face challenges in regularizing their situation due to the high bar this framework will impose. Central Bank […]