Financial Markets and Money Warfare... Banks prepare for massive crypto adoption...
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What Are Liquidity Pools?... A liquidity pool is a crowdsourced pool of cryptocurrencies or tokens locked in a smart contract that is used to facilitate trades between the assets on a decentralized exchange (DEX). Instead of traditional markets of buyers and sellers, many decentralized finance (DeFi) platforms use automated market makers (AMMs), which allow digital assets to be traded in an automatic and permissionless manner through the use of liquidity pools.
Bank of Canada Using Quantum Computing to Simulate Crypto Adoption Scenarios... The Bank of Canada has become the first G7 country to turn to quantum computing to simulate scenarios where cryptocurrency and fiat currency can coexist.
SEC vs. Ripple lawsuit... #XRPCommunity #SECGov v. #Ripple #XRP The SEC has filed a letter stating that it does not seek to take additional discovery at this time, but both parties reserve their rights to take discovery limited to the disgorgement issue, if necessary, after liability is decided.
XRPL: Validating Cross-Border Transaction Settlement... This article addresses the technical structure of XRP for settlement and the architecture of the XRP Ledger (XRPL). Leveraging the digital asset XRP, RippleNet provides a reliable service for the international transfer of funds.
Factbox: How U.S. banks are dipping their toes in the crypto water... Last week, a top U.S. banking regulator warned of growing risks as banks start to capitalize on the popularity of cryptocurrencies to offer related services to clients. Here is how some of the biggest banks operating in the United States have gotten involved in crypto...
Russia calls for integrating BRICS payment systems... Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to extend the use of national currencies and integrate payment systems, the finance ministry said on Saturday.
SEC releases emails related to XRP lawsuit showing corrupt behavior... The SEC releases emails related to the XRP lawsuit after Empower Oversight filed a lawsuit against them. Back in Aug 2021, they were requested to show these emails; however, the SEC declined the request. But, now they do not have an option.
Russia threatens legal action if forced into sovereign debt default... Russia will take legal action if the West tries to force it to default on its sovereign debt, Finance Minister Anton Siluanov told the pro-Kremlin Izvestia newspaper on Monday, sharpening Moscow's tone in its financial wrestle with the West.
Russia has defaulted on its foreign debt, says S&P... Russia has defaulted on its foreign debt because it offered bondholders payments in rubles, not dollars, credit ratings agency S&P has said.
Stock market news live updates: Stocks drop, Treasury yields spike as traders await inflation, earnings data... U.S. stocks dipped Monday morning as investors looked ahead to the start of corporate earnings season this week and a bevy of new economic data as the Federal Reserve prepares to accelerate its moves to counter inflation.
U.S. HUNT FOR RUSSIAN OLIGARCHSโ HUGE FORTUNES FACES BARRIERS OFFSHORE... Financial monitors at one of New Yorkโs most storied banks were watching as hundreds of millions of dollars moved through offshore accounts.
Yellen Speech on Crypto Calls for New, Faster Payments System... Even though there will be no policy bombshells in Treasury Secretary Janet Yellenโs first speech focused entirely on digital assets, the need to build better payments rails will be an area of particular focus.
Amid Sanctions Against Russia, BRICS Can Lead the Change Towards National Currency Payments... The current conflict in Ukraine has a decided international financial aspect. Russia, one of the five โBRICSโ nations (Brazil, Russia, India, China, and South Africa), faces new rounds of sanctions.
"Rubble" Surges To 2-Month Highs Against Dollar As Russia Works To Reduce FX Volatility... Having crashed to a record low of 121.5 per dollar shortly after the Ukraine war began - triggering memories of the battering it took during the 1998 Russian financial crisis - the Ruble was (for a brief period) the most potent symbol of the crushing blow that The West had struck against Russia's economic fortunes.
Russia calls for integrating BRICS payment systems... Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to extend the use of national currencies and integrate payment systems, the finance ministry said on Saturday. Sanctions have cut Russia off from the global financial system and from nearly half of its gold and foreign exchange reserves, which stood at $606.5 billion in early April. On Friday, Finance Minister Anton Siluanov told a ministerial meeting with BRICS, which consists of Brazil, Russia, India, China and South Africa, that the global economic situation had worsened substantially due to the sanctions, the ministry's statement said. The new sanctions also destroy the foundation of the existing international monetary and financial system based on the U.S. dollar, Siluanov said.
Russia's Central Bank Says It Will Stop Buying Gold at a Fixed Price... Russia's central bank said on Thursday that due to a "significant change in market conditions" it would buy gold from commercial banks at a negotiated price from April 8.
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The next stage of the global monetary system... Russia calls on BRICS countries for tighter economic integration: the use of BRICS currencies for export-import, the integration of payment systems and cards, their own financial messaging system and the creation of an independent BRICS rating agency SEC releases emails related to XRP lawsuit showing corrupt behavior
SEC releases emails related to XRP lawsuit showing corrupt behavior... The SEC releases emails related to the XRP lawsuit after Empower Oversight filed a lawsuit against them. Back in Aug 2021, they were requested to show these emails; however, the SEC declined the request. But, now they do not have an option. The revealing of these emails is a big win for the XRP as it shows the corrupt nature of the Securities and Exchnages Commission of the US. It might even be large enough to shift the case entirely in favor of Ripple (XRP).
The Biden Fed just declarted war on the stock market... Not Just a Conspiracy Now... Is it? QFS time
Amid Sanctions Against Russia, BRICS Can Lead the Change Towards National Currency Payments... The current crisis in Ukraine and the expansion of Western sanctions lend possibility to BRICS mechanisms finally breaking the hegemony of financing structures created by the West.
See more Financial Updates - April 9th Edition