Total UAE banking reserves rise to over $81bn

Central Bank of the UAE says reserves have increased by $1.36bn in first five months. Total banking reserves at the Central Bank of the UAE totalled AED298 billion ($81.1 billion) by the end of May, a growth of AED5 billion during the past five months. The rise, according to CBUAE's Banking Indicators Report cited by state news agency WAM, was d...

Crypto Coffee Coin Is Coming to Brazil's Countryside Farmers

Coffee farmers in Brazil’s countryside could be soon be using cryptocurrency for their day-to-day needs. A major arabica-bean cooperative, Minasul, is planning to this month launch a block chain-based digital coin that will be backed by coffee supplies. Farmer members will be able to use the “coffeecoin” to buy fertilizer, machinery and ot...

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