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Search Results for: swift

Russian State-owned Firm ‘Rostec’ Creates Blockchain-based SWIFT Alternative

The Novosibirsk Institute of Program Systems created CELLS. As a starting point, the system will be able to handle up to 100,000 transactions per second. Rostec, a Russian state-owned company, has developed a blockchain-based platform to let Russia and its partners conduct international settlements and store digital money. In the

June 5, 2022 2 mins read

EU Commission to Ban Russian Banks From SWIFT Cross-border Network

The EU Commission has agreed to implement a range of steps to isolate Russia. There will be a transatlantic group to guarantee that all sanctions are implemented. Several Russian banks have been removed from the Society for Worldwide Interbank Financial Telecommunications (SWIFT) messaging system by the European Commission to limit

February 27, 2022 1 min read

Russia Being Blocked From SWIFT Would Benefit Crypto Market?

More than 11,000 financial institutions now rely on the SWIFT payment network. It is crucial for global finance since there is no acknowledged alternative. It seems that the Kremlin is terrified of being cut off from the global financial system as Western nations threaten Russia with an unprecedented sanctions package

January 27, 2022 2 mins read

Solana Teeters on Crucial Support as Bears Tighten Grip: Can SOL Reclaim $150?

The cryptocurrency market has been a battleground of volatility, and Solana (SOL), a prominent digital asset, has found itself in the crosshairs of a relentless bearish onslaught. After a precipitous decline from its yearly highs above $200, Solana’s price faced a severe breakdown, breaching the crucial support level at $175.

1 day ago 2 mins read

Merlin Chain Unites Community and Enhances Partnerships for a Thriving Bitcoin Future

Merlin Chain has swiftly risen to prominence, challenging conventional narratives and establishing itself as a beacon of innovation within the Bitcoin ecosystem. This transformative journey began with a clarifying tweet from founder Jeff on March 10th, emphasizing the platform’s balanced focus on cutting-edge technology and community-driven growth rather than solely

April 11, 2024 4 mins read