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On August 29, according to Irans Fars News Agency, Iranian Army Commander-in-Chief Amir Hatami stated that despite attempts by the "enemy" to destroy Irans drone and missile capabilities, Iran is continuing to launch its stockpiled weapons at "maximum intensity until the very last moment." He added, "According to military logic, the attacker and aggressor are only considered victorious when they achieve their objectives; but in a defensive war, the failure of the enemy to achieve their objectives means that the defender has won."On August 29, International Atomic Energy Agency (IAEA) Director General Grossi issued a statement saying that the Zaporizhia nuclear power plant has been without external power for over a week and is currently relying on emergency diesel generators to maintain the power needed for nuclear safety and security. The agency warned that if external power or diesel supplies cannot be restored in the near future, the plant may face a complete power outage in about 10 days. The Zaporizhia plant reported on August 29 that its current diesel reserves are sufficient to sustain operations for about 10 days, meeting minimum regulatory requirements. The IAEA stated that the plants last diesel fuel supply was in March of this year, and the subsequent supply, originally scheduled for May, was postponed due to frequent local military activity.On August 29, the Belgorod Oblast Operations Command reported that the city of Shebekino in the oblast was shelled and attacked by Ukrainian forces. Shells landed in a private residential area, killing three people. Seven others sustained shrapnel injuries, and one was injured by the shockwave. The city also recorded damage from three drones: one exploded after hitting the road, one exploded inside a house, and one caused a fire in an abandoned garage. Ukraine has not yet responded to the incident.On August 29th, local time, continuous gunfire and explosions were reported in several areas of Niamey, the capital of Niger, starting in the early hours of the morning. Sources stated that militants attacked Diori Hamani International Airport and attempted to breach the security perimeter around the presidential palace. Local residents reported intense gun battles and explosions near the Niamey 101 Air Force Base, which is closely connected to Diori Hamani International Airport. Diori Hamani Airport was attacked twice this year by extremist groups and militants in January and June. Bana Ougana Ibrahim, a member of parliament from the Sahel National Union and a member of the National Transitional Council of Niger, stated on social media that the attackers targeted the 101 Air Force Base, but Nigerien security forces have brought the situation under control. The Nigerien government and military have not yet confirmed these reports.On August 29, the Russian Ministry of Defense announced on Saturday that Russian forces had struck a transshipment point at the port of Mykolaiv, Ukraine. The Ministry stated that the berthing area for refueling ships and the unloading point for fuel and lubricants were also targeted.

Binance and Mastercard to Launch Prepaid Card in Inflation Battered Argentina

Jimmy Khan

Aug 05, 2022 14:50

On August 4, Binance announced a partnership with Mastercard (MA) to launch the "Binance Card" in the economically troubled country of Argentina.


The prepaid card aims to bridge the gap between cryptocurrencies and conventional transactions, claims the statement. It was also mentioned that Argentina was the first country in Latin America (LATAM) to receive the items.


Binance Card is the company's most recent effort to broaden the use of bitcoin and electronic payments, but it is still under development.

Worldwide Payments Using Crypto Cards

Everyone in the country who has a valid national ID card may conduct bitcoin transactions and pay bills using the Credencial Payments credit card. More than 90 million physical and online Mastercard companies will accept the card globally.


The retailer will get a real-time fiat conversion of the bitcoin balance on the card. Additionally, cardholders may get up to 8% in bitcoin cashback on certain purchases, as well as 0% ATM withdrawal costs. Users may see and manage transactions and payments via the Binance website and mobile app.


According to Walter Pimenta, Executive Vice President of Products and Innovation at Mastercard Latin America, the company's "operation with digital currencies builds on our robust basis to give choice and peace of mind when clients buy and pay."


Payments are one of the first and most obvious uses for cryptocurrencies, but Maximiliano Hinz, general director of Binance in Latin America, said that adoption still has a lot of room to grow.


As Argentinians deal with increasing inflation and increased living costs, the decision was reached. 


According to Trading Economics, the country's astonishing 64 percent inflation rate in June was among the highest in the whole world. 90 percent is predicted to be reached by year's end.


Many people have already begun to hold dollar-pegged stablecoins like Tether (USDT) and Circle's USDC in order to hedge against the Peso's fast devaluation. Since this time last year, the Peso's value against the US dollar has decreased by more than a third. As a result of increased demand, stablecoins are more costly on Argentine exchanges.


The president of Argentina has swore in three new economics ministers in the last month. Sergio Massa has pledged to stop the excessive money creation that fuels inflation.

Markets for cryptocurrencies grow

The cryptocurrency markets have stayed steady over the last 24 hours, with a little dip in total capitalization to $1.1 trillion. Since their seven-week and weekend highs, the market has lost over $50 billion.


In response to the announcement, the BNB token on Binance performed strongly, bucking the daily fall with a gain of 2.5 percent and climbing back to levels above $300. BNB has fared considerably better than its rivals during the crypto storm, having "only" lost 55 percent of its value from its peak in May 2021.

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