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The Pan-African Payment and Settlement System is a real-time settlement infrastructure for cross-border payments in local currencies. The initiative was publicly launched in January 2022. The move mirrors other initiatives around the world to develop financial systems independent of the US dollar. While it promotes soft de-dollarization, completely moving away from the greenback may not be its intended action. De-Dollarization Not The Goal Of The Pan-African Payment and Settlement System Source: Freepik According to the Pan-African Payment and Settlement System chief Mike Ogbalu, “ Our goal, contrary to what people might think, is not de-dollarization. “ Bypassing the US dollar seems like a prudent alternative. Ogbalu highlights how African economies struggle to find third-party global currencies to settle transactions. Commercial banks in Africa often rely on overseas counterparts. Partnerships with overseas counterparts significantly add to transaction costs. Trade in Afri...

Pro-Israel hackers behind the theft of $90 million from Iran’s largest crypto exchange, Nobitex, have threatened to target more Iranian institutions and warned citizens to withdraw their funds. Known as Gonjeshke Darande, or “Predatory Sparrow,” the hackers announced on X last Friday that they’re looking to target any institutions supporting Iran’s military forces. “Some of them will be destroyed with intense force; others will just disappear right before your very eyes,” it said. Predatory Sparrow then warned Iranians to withdraw their funds before it’s “too late,” and said it would not explain itself any further. The octopus ruling Iran has many arms – they are being cut off one by one This week, we, “Gonjeshke Darande”, targeted the IRGC’s financial lifelines – the arteries feeding terror and destruction. These infrastructures were not operated for the benefit of the citizens. They… pic.twitter.com/5aEiN0esGl — Gonjeshke Darande (@GonjeshkeDaran...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

US chip export rules are facing serious criticism right now, and they may actually weaken America’s position. David Sacks, the White House’s AI and crypto czar, warns that restrictive US chip export rules could backfire and hurt US tech dominance across multiple sectors. The rapid rise of Huawei chip exports and China AI models like DeepSeek shows Chinese companies are adapting faster than anyone anticipated, and DeepSeek AI innovation is closing the technology gap way quicker than expected. Also Read: India Urges BRICS Digital Pact, Raising Alarm Bells for US Hegemony China’s AI Gains, DeepSeek’s Surge, and Risks to US Tech Power Source: Computer World DeepSeek Changes Everything About Chinese AI Progress The launch of DeepSeek fundamentally shifted how experts view China’s AI capabilities right now, and the US chip export rules haven’t slowed this progress as intended. Before this breakthrough came along, industry experts believed China AI models w...

Lil Pudgy, a non-fungible token collection from the digital asset firm from the digital asset firm Igloo.Inc. has recorded increased trading sales volume. In the past 24 hours, the Lil Pudgy NFT collection has amassed a trading sales volume of $297,061, up 266% from the past day. In this article, we shall explore some of the factors fueling the growth of the Lil Pudgy NFT collection. Lil Pudgy & Penguins Rise In Daily NFT Sales Data compiled by tiexo.com, a multi-chain non-fungible token explorer, indicates that Lil Pudgy has seen increased trading sales volume. In the past 24 hours, the Lil Pudgy NFT series has recorded a trading sales volume of 110 ETH. During this period, the Lil Pudgy NFT sales volume skyrocketed 266% from the previous day. Lil Pudgy is an NFT collection featuring a limited edition of 22,222 NFTs hosted on the Ethereum blockchain network. Pudgy Penguins, another globally acknowledged non-fungible token collection from Igloo.Inc featuring a limited editi...

From Monday next week, hundreds of non-fungible token enthusiasts will travel to New York City, United States, for the highly anticipated NFT industry annual event, NFT.NYC. This highly awaited annual non-fungible token event will bring together over 70,000 visitors and over 30 speakers from different regions around the globe to discuss the state of NFTs in 2025, among other issues. In this article, we shall discuss what visitors should expect at the annual NFT event. NFT.NYC Is Happening Next Week In a June 8 blog post, the team behind NFT.NYC confirmed they are fully prepared to host their 8th NFT industry event next week. This highly anticipated annual NFT event will start on June 25 and run until June 26, 2025, at Times Square, New York City, United States of America. The NFT event will bring together over 70,000 NFT enthusiasts and more than 30 speakers from the best NFT projects in the NFT ecosystem. Join us June 25-26 as industry-leading VC @pakman (@coinfund_io) takes the s...

The XRP lawsuit takes a pivotal turn as attorney John Deaton provides critical insights into Ripple’s path forward against the SEC, while whale movements worth $58 million signal major institutional activity. An ambitious XRP price prediction targets a staggering 462,800% rally, as XRP Ledger activity strengthens amid ongoing cryptocurrency market volatility. Someone posted a comment that said “we get it: you and @freddyriz believe @Ripple and the @SECGov should’ve kissed Judge Torres’ ass more. That’s not it. In fact, I believe there’s a 70% chance she grants the relief requested and I’ll discuss it more in detail tomorrow. … https://t.co/QXf65N87dR — John E Deaton (@JohnEDeaton1) June 14, 2025 Also Read: Ripple SEC Settlement: Fine Cut from $125 Million to $50 Million Understanding Ripple’s Lawsuit, XRP Price Prediction & Whale Moves Amid Market Volatility Source: Coinpedia Deaton Reveals Critical XRP Lawsuit Timeline John Deaton recently clarified the extensive damage th...

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