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Reducing oil production means there will be a relative shortage in the supply of the product. The recent actions by some members of the Organization of Petroleum Exporting Countries (OPEC) and its allies tagged OPEC+ to cut oil production beginning in May can significantly stir a setback for most country’s
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Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade, and settle bonds digitally, providing a more efficient and secure process compared to traditional methods.The platform, a joint project of Skandinaviska Enskilda
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Credit Agricole CIB and SEB, two major European banks, have partnered to develop “sobond,” a blockchain-based platform for digital bonds, focused on enhancing efficiency and promoting sustainability in traditional finance. Credit Agricole CIB, a leading French investment bank, and SEB, a prominent Swedish bank, have partnered to create a blockchain-based platform
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The project joins others applying similar technology to conventional markets. In March, Brussels-based Euroclear said it may release a new platform for trading securities on a distributed ledger later this year. The banks’ statement didn’t say when the platform, named sobond, would start operating, and they hadn’t replied to an
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The UK banks increased the pressure on crypto companies following the collapse of Signature Bank and Silicon Valley Bank which affected the US. Crypto companies in the UK are facing multiple challenges while trying to get access to various services from banks, with their applications getting rejected and excess
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Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel
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Crypto companies are facing difficulties accessing banking services in the United Kingdom, according to multiple sources interviewed by Bloomberg. The few banks still working with crypto firms are requesting more documentation and information about how they monitor client's transactions.Challenges include having applications rejected, accounts frozen, and being overwhelmed with paperwork.
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“The signal goes on, and he shows up. That’s the way it’s been. That’s the way it will be.” Whenever Gotham faces an existential threat, the Bat-Signal lights up the night sky. In the DC Comics universe, Batman always shows up to save the day when he’s called upon.Bitcoiners in Germany
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Starting next week on April 5, Signature Bank will return $4 billion in deposits linked to crypto businesses since they aren’t a part of the NYCB deal. Amid the fallout of the Silicon Valley Bank earlier this month, US regulators moved to shut down another crypto-friendly bank Signature. In the latest
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Nigerian crypto investors using peer-to-peer (P2P) services have expressed concerns about the Central Bank of Nigeria (CBN) flagging their bank accounts. CBN's decision to flag accounts is believed to be in relation to the near $6.3 million (2.9 billion nairas) Flutterwave hack, as the bank accounts have yet-to-be-proven affiliations with the hack.According
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