Author: Steven Sahiounie

It is reported that an artillery regiment of the Southern Military District employed a Giatsint-S self-propelled gun to destroy a Ukrainian army’s weapon emplacement Russian forces uncovered and destroyed two long-term weapon emplacements of the Ukrainian army in the Donetsk area over the past day, Russia’s Southern Battlegroup Spokesman Ivan Bigma said on Monday. “In the Donetsk direction, the team of a Shturm-S anti-tank missile system from an artillery unit of the Southern Military District uncovered and destroyed two enemy long-term weapon emplacements near the community of Kamenka,” Russia’s Defense Ministry quoted the spokesman as saying on its Telegram channel.…

The sentiment permeated talks and fireside chats at the 2023 Blockchain Africa Conference in Johannesburg, South Africa. Many consider Africa the sleeping giant of crypto, and several speakers at last week’s Blockchain Africa Conference in Johannesburg, South Africa picked bitcoin and stablecoins as the top two levers of crypto mass adoption on the continent. The Central African Republic (CAR) adopted bitcoin as legal tender last year and Marius Reitz, General Manager for Africa at crypto exchange Luno, said bitcoin adoption will likely accelerate over the next decade. “I think in the future, in 10 years or so, you could start seeing a…

It was noted that the purpose of these criminal activities was to undermine the situation in Syria The US continues to use Islamists under its control to undermine Syrian President Bashar Assad’s position, Director of the Russian Foreign Intelligence Service Sergey Naryshkin has said, according to a statement from the service. “Director of the Russian Foreign Intelligence Service Sergey Naryshkin has stated that the US continues to use Islamist groups under its control in Syria to undermine the position of that country’s legitimate government led by Bashar Assad,” the statement said. According to the intelligence service, the US has given…

Throughout history, they have experienced difficult periods, said the Chinese leader Russian-Chinese relations went through tough periods throughout their history, but they had eventually proved to be strong, Chinese leader Xi Jinping said in an interview with Russia’s Rossiyskaya gazeta daily. “At the invitation of President Vladimir Putin, I will soon pay a state visit to the Russian Federation. Russia was the first country I visited after I was elected President 10 years ago,” Xi Jinping said in the article published ahead of his visit to Russia. “Over the past decade, I have made eight visits to Russia,” he continued. “I came…

An IOU token and an upcoming futures product are letting traders speculate on ARB prices ahead of this week’s claim event. Derivative markets for the upcoming Arbitrum (ARB) tokens are already open to traders ahead of this week’s claim event. Arbitrum developers confirmed last week that ARB will be airdropped to community members on Thursday, March 23, based on their prior network activity, marking Arbitrum’s official transition into a decentralized autonomous organization (DAO). This means ARB holders will be able to vote on key decisions governing Arbitrum One and Arbitrum Nova – networks that allow users to transact on the Ethereum blockchain…

Bitcoin breaks free of its banking troubles Good morning Asia. Bitcoin is continuing its tear as Asia begins its business day. The world’s largest digital asset by market capitalization recently pushed past $28,000, gaining 3% in the last 24 hours. Remember how the decline of crypto-friendly banks was supposed to smother crypto? That narrative didn’t last long. Turns out that after the first chapter of the book, where Silvergate and Signature die, there’s a systematic crisis of confidence in the global financial system which has rekindled an appetite for risk assets as TradFi liquidity dries up – despite shaky fiat…

The big move is aimed at avoiding a March 2020-like global dash for cash that saw investors sell everything, including bitcoin, for the U.S. dollar. The U.S. Federal Reserve (Fed) on Sunday announced it had joined hands with other major central banks to ensure a steady flow of the U.S. dollar, a dominant reserve currency, in the global financial system. The Fed said it would increase the frequency of the dollar swap lines with the European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada and the Swiss National Bank from weekly to daily, starting Monday. The…

Financial services stocks fell 5.5% at the open Monday, with Credit Suisse and UBS losing the slide lower. Credit Suisse shares tanked 62% while UBS fell 14.5% by 8:28 a.m. London time after the latter agreed an emergency takeover of its embattled rival. Other banks also lingered in the red, with ING Groep, Deutsche Bank and Commerzbank all down around 7% or more. This article was originally published by CNBC.

The FDIC announced a deal to sell “substantially all deposits and certain loan portfolios” of Signature Bank to Flagstar Bank, a subsidiary of New York Community Bancorp. The agency said Signature’s 40 former branches will begin operating under Flagstar’s name on Monday. The agreement involves $38.4 billion of Signature’s assets, including $12.9 billion of loans the FDIC said were bought at a discount of $2.7 billion. It said, however, Flagstar’s bid did not include the roughly $4 billion in deposits related to Signature’s digital banking business. The agency said it will provide those deposits directly to digital banking customers. The FDIC also said about $60…

Regional bank shares plunged last week as Wall Street grew anxious over a wider banking crisis. The SPDR Regional Banking ETF (KRE) declined 6% on Friday, ending the week 14% lower. First Republic was the worst performer among regional banks, with shares plunging 72% in the week through Friday’s close. PacWest fell 19% Friday, while US Bancorp and Western Alliance dropped 9% and 15%, respectively. This article was originally published by CNBC.