SWIFT is the Society for Worldwide Interbank Financial Telecommunication. It was created all the way back in 1973 and it’s Belgian. it serves as an intermediary and executor of financial transactions between banks worldwide. SWIFT doesn’t facilitate the transfer of funds: it really just functions like a messaging system, sending payment orders which are thensettled by correspondent accounts that the institutions have with each other. It doesn’t hold accounts, doesn’t perform clearing, it just sends an absolutely monstrous number of financial messages - 42m a day on average. But leading up to Russia’s invasion of the Ukraine the threat of cutting Russia off from SWIFT was being called the nuclear option. The thing Russia would fear the most. Now it’s very much on the table as the West fronts up to the reality that Russia don’t give a damn about any of the sanctions so far imposed. But now the talk is of Russia using crypto as an escape route. Is this realistic and how would that even work? Our sponsor https://step.finance Links https://www.bbc.co.uk/sounds/play/p0bqyl9z https://www.theguardian.com/world/live/2022/feb/25/russia-ukraine-invasion-latest-news-live-updates-russian-war-vladimir-putin-explosions-bombing-invades-kyiv https://www.forbes.com/sites/laurashin/2022/02/22/exclusive-austrian-programmer-and-ex-crypto-ceo-likely-stole-11-billion-of-ether/?sh=3947ea337f58 https://www.chainalysis.com/ https://www.whitehouse.gov/briefing-room/statements-releases/2022/02/24/fact-sheet-joined-by-allies-and-partners-the-united-states-imposes-devastating-costs-on-russia/ https://www.aljazeera.com/economy/2022/2/25/ukraine-russia-crisis-will-china-be-putins-economic-lifeline Follow The Defiant team on Twitter: Camila Russo https://twitter.com/CamiRusso Robin Schmidt: https://twitter.com/iamsupermassive Alp Gasimov: https://twitter.com/alpgasimov ✊ Follow The Defiant https://newsletter.thedefiant.io/ https://twitter.com/defiantnews https://thedefiant.io/ https://t.me/DefiantNews https://t.me/DefiantChat #TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain ... https://www.youtube.com/watch?v=-FwY5-d1svE

Rumors about the Ethereum ETF approval have sent the price of ETH up by almost 20% in just 24 hours. With only a day left until the SEC's May 23 deadline, the odds of approval have tripled according to top ETF analysts. The news naturally sent shockwaves through the market. ETH is now up 29% on the week and just over 100% up in the past year. But what do the rumors really mean? Our sponsor https://safe.global/?utm_source=defiant&utm_medium=newsletter&utm_campaign=tte ✨ Check out our new website ✨ https://thedefiant.io/ ? Sign up to our newsletter ? https://thedefiant.io/go-premium#pricing?utm_source=YT&utm_medium=social&utm_campaign=signup ? Find DeFi investment opportunities & educational primers here https://thedefiant.io/promo?utm_source=YT&utm_medium=social&utm_campaign=alpha ✊ Follow The Defiant Twitter: https://twitter.com/defiantnews Discord: https://discord.com/invite/3SdRdEs5ag Instagram: https://www.instagram.com/thedefiant.io/ Telegram: https://t.me/DefiantNews ? Contact our Newsroom editorial@thedefiant.io ? Sponsorships & Partnerships sponsors@thedefiant.io #TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain #Web3 ... https://www.youtube.com/watch?v=xFz_jIHKCDw