Author: Steven Sahiounie

Panelists at the recently concluded DMI symposium, including the Ripple president, emphasized the importance of an innovative global payment system. This week, a panel discussion on the next steps for cross-border payments occurred between May 10 and May 11 as part of the Digital Monetary Institute (DMI) symposium in London. The panel featured representatives from the International Monetary Fund (IMF), RTGS Global Limited, the Bank of Mauritius, and the Ripple blockchain, coming together to emphasize the importance of creating an efficient and innovative global payment system. James Wallis, the Vice President of RippleX, highlighted the growing interest of central banks…

Recently Litecoin experienced rejection from $75 level and bounced off to $82 where price faced strong selling pressure. The current market structure for LTC is bearish and bouncing off can be considered as a pullback for price to move further down. Although the candles are forming with small bodies and long bottom wicks indicating buyers are trying to push price up. The current candle is bearish and is headed towards support of $75. The uptrend for litecoin started on May 12 when price created a support at $69 and started to rise to retest the annual highs of $105.71 but…

Arguably the most significant upgrade in its history, the merge saw the Ethereum network transition from a Proof of Work (PoW) consensus mechanism to one based on Proof of Stake (PoS). Now, eight months on from the pivotal event, the long-term consequences of the merge are becoming apparent. ETH Supply Declines According to the Ethereum analytics dashboard ultrasound.money, nearly 650,000 ETH has been burned since the merge. In the same time span, just under 424,000 new ETH have been minted. The result is a net supply change of around -226,000 ETH. As a percentage of the total supply, the numbers…

There is less trust among the main players and there is a weakening of the respect for international law, EU High Representative for Foreign Affairs and Security Policy says The European Union’s military spending has increased by 30% since 2014, EU High Representative for Foreign Affairs and Security Policy Josep Borrell said, opening the EU-Indo-Pacific Ministerial Forum on Saturday. He noted that, since 2014, the EU’s military spending has grown by 30% while this trend is even more pronounced in the Asia-Pacific region where the military spending has increased by 40% versus 2013. “Unhappily, the global security environment continues to…

Two French nationals that were imprisoned in Iran have been released on humanitarian grounds, the spokesperson for the Iranian Foreign Ministry announced on Friday. In a statement on Friday, Nasser Kanaani confirmed reports on the release of two French citizens from prison in Iran. He said the two French citizens, one of whom has also Irish nationality, have been released by the Iranian Judiciary as a “goodwill” gesture, in a “humanitarian measure and in accordance with the relevant laws and regulations.” The spokesman explained that Iran has released the two French nationals in response to the requests that France had…

As Bitcoin experienced a bounce-back from the $25,800 support level, investors are eagerly anticipating the next move for the leading cryptocurrency. With market sentiment shifting, experts are now examining the potential price targets and forecasting Bitcoin’s trajectory in the near future. Stay tuned to discover the latest insights on Bitcoin’s price prediction and where it may be headed next. Bitcoin is trading at 26,829, increasing by 1.88% on Saturday. After declining for 8 consecutive sessions, BTC/USD prices finally started to recover losses mainly because of price correction. Fidelity Investment’s Director Highlights Bitcoin’s Impressive Rally Jurrien Timmer, the Global Macro Director of Fidelity…

Top diplomats from Iran and Saudi Arabia reaffirmed determination to mend relations between their respective countries, facilitate mutual cooperation and reopen their diplomatic missions. In a telephone conversation on Friday night, Iranian Foreign Minister Hossein Amirabdollahian and his Saudi counterpart Faisal bin Farhan Al-Saud talked about the implementation of an agreement that the two countries signed in Beijing in March to restore diplomatic relations and reopen embassies. Amirabdollahian said Iran has made the necessary arrangements for the official reopening of its embassy and consulate in Saudi Arabia, pointing to Tehran’s move to name a new ambassador and deploy technical teams…

Syria decided to extend the permission granted to the United Nations and its specialized agencies to use the two crossing points of Bab al-Salam and Al Ra’ee for three months, ending on August 13, 2023. Syria’s permanent representative to the UN, Ambassador Bassam Sabbagh, twitted on Saturday that “this decision comes out of Syria’s keenness to consolidate stability and improve the living and humanitarian situation for all Syrians. It also part of its efforts to facilitate the delivery of humanitarian aid to all those in need.”. Sabbagh added that “the decision takes into account the continuing needs resulting from the…

At least 61 members of Congress submitted a letter to the US president expressing concern with his mental state US President Joe Biden must pass a cognitive exam or abandon the 2024 presidential race, 61 Republican members of the House of Representatives demanded on Thursday in an open letter to the commander-in-chief. “The United States’ national security relies on a cognitively sound Commander in Chief, and it is evident that you do not fit that bill,” the letter stated, citing the concerns of the American public – 57% of voters don’t think Biden is “mentally fit” to lead the country, according to…

At least three Palestinians were injured, one of them seriously, in a fresh wave of Israeli airstrikes in the town of Beit Hanoun, north of the Gaza Strip, and in Rafah, south of the enclave, according to local sources. Medics at the Indonesian Hospital in Beit Lahiya, north of the Strip, told WAFA that two Palestinians who were admitted to the hospital after being injured from shrapnel in an Israeli airstrike which targeted a land at the entrance to the nearby town of Beit Hanoun. In Rafah, south of the besieged enclave, a Palestinian young man who was driving a…