The United Arab Emirates (UAE) announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) as a result of the destabilization caused by the Iran-Contra conflict and its consequences in the Strait of Hormuz.

The lack of a strong stance from the Gulf bloc regarding the Iran conflict was one of the arguments for its withdrawal from OPEC, as well as the need to meet domestic needs amidst the volatility of the energy market.

Despite the UAE’s withdrawal from the organization, it will maintain collaboration with its partners in the oil industry and participate in the production chain.

M.Pino

With information from national and international media and social networks

(Reference image source: Gerhard Crous on Unsplash)

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La entrada The United Arab Emirates will leave OPEC apareció primero en Bitfinance.

Advances in products and services solidify Bancamiga as a solid and innovative private entity. At the close of 2025, the institution celebrates significant milestones in expansion, technological modernization, and security.

According to a corporate statement from this private banking organization, the following is a list of the ten milestones that have marked its growth in 2025:

1. Solutions for the business sector

The Mastercard Business Card has become a key tool for small, medium, and large businesses. It simplifies expense management and cash flow, offering benefits such as insurance and the Easy Savings Specials program, which includes training tools, planning resources, and exclusive discounts.

2. Two years traveling the country

Bancamiga Móvil celebrated its second anniversary of bringing banking services to Venezuela. In 2025, the Fuerza Móvil team traveled to more than 13 states, opening 19,275 accounts, selling 641 point-of-sale terminals, and adding 214 new corporate clients.

3. The one million customers and 18 years of history

A symbol of Bancamiga’s exponential growth was reached on March 20th with the historic milestone of its one millionth customer. This was a 19-year-old resident of Guatire, Miranda state. This achievement coincided with the institution’s eighteenth anniversary of operation.

4. Cutting-edge security and data protection

The Bancamiga Suite application remains at the forefront with NFC technology for mobile payments (via Switch 7B) and the ID Check system, a verification code that ensures the security of online purchases. To strengthen this ecosystem, the bank launched its first series of cybersecurity talks, educating customers on the importance of always accessing the platform through the official domain, https://www.bancamiga.com, to prevent fraud.

5. Leadership in point of sale (POS) terminals

The institution has made progress toward its goal of 200,000 point-of-sale terminals in the market. Devices such as the AMP 8200, AMP 8400, MPOS 2200, Aisino A75, and A80 offer contactless technology, recharge management, bill payment capabilities, and Wi-Fi connectivity.

6. Boosting banking through kids accounts

The stability of the customer portfolio was strengthened through special weekend operations, notably the Kids accounts promoted on Children’s Day and Christmas. In just 10 Saturdays, 18,821 children and teenagers were brought into the banking system. Additionally, 6,875 adult accounts were opened, of which 4,097 were in foreign currency and 63 in pesos.

7. Gamers card

Bancamiga launched the first card for gamers in partnership with Xtreme E-Sport Arena. This card offers special benefits, including discounts on registration fees to compete in high-performance technology venues.

8. Inclusive innovation

This year, the institution launched new card designs with the Touch Card system. These cards incorporate distinctive indentations (round for debit, angular for credit, and triangular for prepaid) that allow for tactile identification for people with visual impairments. The Bancamiga Debit Card offers NFC technology, which facilitates international purchases and allows subscriptions to streaming services.

9. Digital fare collection with Movi

Innovation has arrived in public transportation with the launch of Movi by Bancamiga. This application facilitates the collection and payment of urban fares by scanning QR codes, optimizing the interaction between drivers and passengers digitally.

10. Branch network expansion

Bancamiga inaugurated its 51st branch on December 29, marking its arrival in the state of Yaracuy. Additionally, the Lido branch evolved from an external sales point to a full-fledged branch, and the La Rinconada branch was relocated to the Los Próceres Shopping Center in Caracas.

2025 has been a year of profound transformation for Bancamiga, where technological innovation and social commitment have come together to redefine the financial experience in Venezuela.

BitFinance.news

Information and images provided by Bancamiga Banco Universal

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The US dollar appears to be struggling in the global market. Given this decline in the most widely used currency in international trade, the President of the European Central Bank, Christine Lagarde, urged the bloc’s governments to strengthen the economic foundations of the euro.

In her speech in Paris, Lagarde said that it is not enough to “resist external shocks.” The official “warned that the eurozone must transform its economic openness into resilience if it wants to maintain the currency as a pillar of stability in times of global uncertainty.”

US sollar weakness

Lagarde emphasized that the dollar’s retreat internationally “is reopening the debate about the dollar’s role as a global reserve currency. In this context, some European officials believe that the so-called global euro moment is approaching, an opportunity to consolidate its role as an alternative to the dollar.”

She also insisted that Europe needs an environment where capital flows to productive sectors, fostering investment and growth aimed at strengthening the euro’s international credibility.

This is achieved through the harmonization of regulations, tax systems, and bankruptcy laws that currently differ among countries. “Structural problems such as high energy costs, stagnant productivity, and the unwillingness of member states to finance common projects that benefit the entire union” must also be addressed.

The EU seeks to address current challenges with mechanisms such as the Savings and Investment Union, “a revamped version of the former Capital Markets Union,” to create a single capital market that “incentivizes Europeans to invest in financial assets and reduces dependence on external financing.”

M. Pino

Source: diariobitcoin

(Reference image source: Immo Wegmann on Unsplash)

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U.S. Treasury Secretary Janet Yellen stressed the urgency of the G7 reaching an agreement to use the proceeds from frozen Russian assets and redirect them to Ukraine. This is raised as a crucial step ahead of the next meeting of the group in Sao Paulo.

The current situation has led to an increase in calls in the United States and Europe to create a fund for Ukraine, tapping into the billions of dollars in bank accounts, investments and other assets that remain frozen by the West since the Russian invasion of February 2022.

According to Yellen, it is imperative that the coalition find a way to unlock the value of these frozen assets, with the aim of supporting continued resistance and long-term reconstruction of Ukraine.

The Secretary of the Treasury expressed her belief that there are strong arguments based on international law, economics and morality to move in this direction. It also believes that it would be a decisive response to Russia’s unprecedented threat to global stability. Ultimately, this would send a clear message that Russia cannot win by prolonging the war, but should sit down and negotiate a fair peace with Ukraine.

In the context of the G7, which includes countries such as Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and the European Union, the possibility of seizing Russian assets or using them as collateral for borrowing on global markets is being assessed. However, this proposal is not without risks, such as possible legal action by Russia or concern that other countries, such as China, will reduce their investments in the West to protect themselves from similar measures.

The international community is following this situation closely, as Ukraine desperately needs more support in its fight against Russian aggression. The West has frozen about $397 billion in Russian assets, ranging from the central bank to properties and assets of oligarchs close to President Vladimir Putin.

K. Tovar

Source: Business Recorder

(Reference image source: @AJEnglish, X)

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Bancamiga issued a statement on Tuesday, December 14, through which it emphatically denies information that has circulated on social networks about alleged merger plans with other financial entities.

Bancamiga Banco Universal indicated, through the official publication, that they currently enjoy good stability and maintain positive plans for the year 2022.

“Our results allow us to be optimistic and the goal is to continue growing. In the first quarter of 2022, Bancamiga will reach other areas of the country with the inauguration of new agencies because we believe in Venezuela and its immense potential,” they have indicated.

It is important to highlight that Bancamiga has managed to develop and put innovative products at the service of its customers, through a strategic plan that will continue to strengthen next year.

Its progress in the Venezuelan banking market is remarkable. In fact, it currently ranks third among the banks with the highest volume of foreign currency deposits for a market share of 15.1 %.

M.Pino

With information from Bancamiga, Venezuelan media and social networks

La entrada Bancamiga denies alleged merger with other financial entities apareció primero en Bitfinance.

Venezuelan inflation has been decelerating compared to previous years. It is estimated that by the end of 2021 it will close at levels close to 1,400 or 1,500 %. This was stated by the CEO of the consulting firm Aristimuño Herrera & Asociados, César Aristimuño, who believes that next year could be much better as long as an appropriate legal framework is granted to the dollarization process that the country is experiencing, which has no reverse because it is society itself that has imposed it.

“We are observing that the rise in prices of products in dollars is moving much less than what they are rising in bolivars, and that will become more and more regular to the extent that stability is granted to the dollar as a unit of account, as a means of payment, as a store of value, with all the functions that money actually fulfills,” said the economist.

According to his analysis, if the dollar begins to behave in a “more transparent manner”, the transactions, contracts and agreements that are made with this currency will precipitate. There should be clearer rules “that companies can bill in dollars without problems, that there is no uncertainty of knowing whether or not it is legal. We are sure that, if that happens, inflation next year will register a very accelerated fall.”

The representative of the consulting firm highlighted: bank deposits in foreign currency already represent 61 % of deposits and that will continue to rise. We foresee that at by the end of the year it could be between 75 or 85 % of the total deposits” of the national financial system.

He additionally pointed out the existence of a working capital in the national economic market that ranges from 3,000 to 5,000 million dollars, which represents a fairly considerable figure and is favorably impacting the environment because it gives it greater stability.

Digital Bolívar

The economist Aristimuño considers that the digitization of the currency is a worldwide movement, as a consequence of technological development. Hence, the means of digital payments such as credit and debit cards, transfers or mobile payments will increase every day, at the same time as physical money, bills and coins, will disappear from the global economy.

That is why the news about the digital bolívar does not surprise anyone. “That is a process that is going to deepen,” he pointed out. Although in the country financial entities continue to issue cash for some time, the inhabitants will use it less every day.

M. Rodríguez

Source: bancaynegocios.com

La entrada Venezuelan inflation could close between 1,400 and 1,500 % by December apareció primero en Bitfinance.

The new desktop and web interface for Trezor Hardware Wallets, called the Trezor Suite, is now officially available ready to download or use on the web. It replaces the previous web wallet after many rounds of closed and public beta updates.

According to what the company pointed out, the released version does not introduce any new features, but it refines previous editions such as the Learn & Discover menu and the onboarding process, which were released to the beta version in recent weeks.

For more than 6 months, thousands of clients have been using the wallet, and during that time Trezor Suite has been tested, corrected and improved until its official launch was finally made. To reach the new version developers have focused on stability, to ensure that new users of the Suite can enjoy a smooth experience.

Reinforcing security

This is how Trezor Suite replaces the Trezor Wallet web app as the main interface for its Trezor hardware wallet, which, according to the company, provides greater security, usability and privacy to cryptocurrencies.

Additionally, Trezor Suite, popular for being one of the safest ways to manage cryptocurrencies, is best experienced as a desktop application. This not only reduces exposure to phishing, but also has many more applications and functionality than a website.

Trezor Suit takes advantage of that to drive privacy using the TOR network and to configure its own full nodes and CoinJoin transactions, making it one of the most practical ways to use crypto assets to their full potential.

For the official release, the developers have focused on stability, so the latest update contains bug fixes to ensure that new users of the Suite can enjoy a smooth experience.

M. Rodríguez

Source: cripto247.com

La entrada New Trezor Suite interface is now officially available apareció primero en Bitfinance.