WAO ART #364

New Zealand Central Bank Governor has expressed concerns about stablecoins, stating that their stability depends on the financial health of the issuer. He referred to stablecoins as "oxymorons" due to their perceived stability. Highlighted that stablecoins do not always maintain a stable value.

Greenidge Generation Holdings Inc. has announced a $6 million investment from Armistice Capital to support its ongoing business transformation. The investment will provide long-term capital for Greenidge's growth strategy, including expansion into low-cost power centers, bitcoin mining.

US President Joe Biden unintentionally sparked debates in the Bitcoin community by sharing an image of himself with 'laser eyes'. The photo was uploaded to his personal social media accounts, leading to speculation about his intentions and whether he is a Bitcoin supporter.

Mastercard has launched its MDES Tokenisation Service in India, allowing cardholders to securely transmit payment details to online merchants, digital wallets. MDES Connect enables card-on-file and device tokens for debit and credit cards through issuer banks' mobile and internet banking channels.

The Russian Central Bank has stated that almost all financial scams it discovered last year had crypto-themed elements. The bank reported a 16% increase in financial scams in 2023, with a crypto "theme" present in almost every case. The bank identified 5700+ entities involved in illegal activities.

Misr Chemical Industries, Chemical Industries Holding Co, and Energy Cadence have signed a collaboration contract to establish a new chlorine plant in Egypt. The plant, called Puredive, will be worth 1.3 billion Egyptian pounds and aims to meet the increasing domestic demand for chlorine products.

Pope Francis met with Argentine President Javier Milei after canonizing the first Argentine saint. The meeting took place on the sidelines of a Mass in St. Peter's Basilica and was followed by an official audience in the Vatican's Apostolic Palace. President Milei was accompanied by his sister.