Category: Fin Tech
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Poland to Introduce New Minimum Wage for 2025: 30.50 złoty per Hour ($7.90)
Poland is set to raise its minimum wage to 30.50 złoty per hour (approximately $7.90) starting in 2025, continuing its trend of consistent wage increases over recent years. This move comes as part of the government’s ongoing efforts to improve the standard of living for workers and ensure that wages keep pace with inflation and…
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Zimbabwe central bank head announces plans to target saboteurs of gold-backed currency
Zimbabwe’s central bank has pledged to intensify efforts against those undermining the nation’s gold-backed currency, the ZiG, which has seen a sharp decline on the parallel market. While the ZiG is trading at 13.94 per US dollar on the official market, it’s quoted between 16 and 26 on the unofficial market. In an emailed response…
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North Carolina Senate overrides governor veto, passes bill banning CBDC
A North Carolina Senate veto-busting vote saw 12 Democratic Party senators who initially voted for the bill to ban a CBDC switch to backing Governor Roy Cooper’s veto. The North Carolina General Assembly has passed a bill banning the state from implementing a United States Federal Reserve-issued central bank digital currency (CBDC), with the Senate…
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Massive Airdrop: Hamster Kombat Rewards Binance Users
Stake BNB and FDUSD for HMSTR Tokens: Binance Launchpool The long-awaited listing of the HMSTR token of Hamster Kombat on The Open Network later this month may cause ripples. The developers are raising the stakes by getting ready to airdrop a total of 3 billion HMSTR tokens to Binance users through a Launchpool rewards campaign.…
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How Telegram Became Criminal’s Hub for Illegal Activities?
Telegram is among the world’s most popular messaging apps, which has gained widespread attention both for its security features and for the increasing misuse of the service. Conceived originally to provide a means of security and encrypted communication, the platform has grown into a space where not just ordinary users but also criminals, extremists, and…
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LATEST: Sony’s Ethereum layer-2 project, Soneium, is set to launch a Japanese Yen stablecoin in partnership with Sony Bank.
Sony Makes a Yen for Blockchain: Tech Giant to Launch Japanese Yen Stablecoin Panafrican.email – September 13, 2024 In a move that could significantly impact the global cryptocurrency landscape, Sony is making a big splash in the world of blockchain. Their Ethereum layer-2 project, Soneium, is partnering with Sony Bank to launch a stablecoin pegged…
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Justin Sun Attacks Coinbase’s Wrapped Bitcoin
Justin Sun, the founder of Tron and BitTorrent, has launched a scathing attack on Coinbase’s newly launched wrapped Bitcoin variant, cbBTC. Sun alleges that cbBTC lacks essential safeguards and poses significant risks to users. In a series of tweets, Sun criticized cbBTC for its lack of proof-of-reserve, a mechanism that verifies that a cryptocurrency exchange…
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Japan’s Big 3 Banks Embrace Stablecoins for Cross-Border Payments: A Boom for the Pan-African Community
Japan’s top three banks—MUFG, Mizuho, and SMBC—are embarking on a revolutionary path to modernize global financial transactions by incorporating stablecoins for cross-border payments. This initiative aims to streamline international remittances, reduce costs, and speed up transactions, which can greatly benefit regions like Africa, where cross-border payments and remittances play a critical economic role. The Role…
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Agile Energy X: Leveraging Solar Power for $2.5 Billion in Bitcoin Mining Annually
Japan-based company Agile Energy X is making waves in the cryptocurrency world with its ambitious plan to utilize solar power for Bitcoin mining. The company aims to generate up to $2.5 billion annually through this innovative approach, combining the renewable energy sector with blockchain technology. With the rise of environmental concerns surrounding Bitcoin mining, Agile…
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