Finance

Summary: Chairman Jerome Powell has stated that the US Federal Reserve plans to recommend a Central Bank Digital Currency (CBDC) to Congress. According to Chairman Powell, a CBDC is a crucial financial innovation that will affect all Americans. The US Federal Reserve Chairman, Jerome Powell, has said that the central bank is looking into recommending …

Chairman Powell: Digital Dollar Is Something We Really Need to Explore As a Country Read More »

Summary: Ethereum co-founder, Vitalik Buterin, has thrown some shade into Su Zhu’s alleged $50 million yacht purchase. According to Vitalik, there are better ways of burning $50 million, such as becoming a Gitcoin grants matching partner. Rumors of Su Zhu’s yacht purchase have elicited mixed reactions on Twitter. Ethereum’s co-founder, Vitalik Buterin, has chimed in …

Ethereum’s Vitalik Criticizes 3AC’s Co-founder Alleged Yacht Purchase, Says There are More Honorable Ways to Burn $50M Read More »

Summary: Do Kwon told the Wall Street Journal that he lost nearly all his net worth in the LUNA, UST collapse. He added that the losses do not bother him since he lives a very frugal life. He also explained that he was devastated by the recent events surrounding LUNA and UST and hoped all …

Terra’s Do Kwon Says He’s Not Bothered that He Lost Almost All His Net Worth in the LUNA, UST Crash Read More »

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Chainge Finance, a DeFi lending platform, has offered to buy unspecified Celsius assets and liabilities. The offer was made in a letter of intent sent out earlier in the week. At the time, people were worried that if Celsius went bankrupt, it would have a big impact on an already troubled cryptocurrency market. Chainge Finance …

Chainge Finance Proposes Full Decentralization of Celsius; Offers to Buy Qualifying Assets Read More »

Source: AdobeStock / Negro Elkha The Russian finance ministry has cast doubt on talk of the nation selling oil for crypto – but claims that blockchain-powered tokens could play an “alternative” role in the business dealings of smaller-scale exporters. Per RTVI, Ivan Chebeskov, the head of the financial policy department at the Ministry of Finance, …

Russian Ministry of Finance Says There’s No Place for Crypto in Oil Trading Read More »

The cryptocurrency industry is a developing ecosystem gradually gaining ground in the established financial institutions of developed countries. Both public and commercial sectors are becoming increasingly open to incorporating cryptocurrencies into their financial transactions, such as payment processing, value storage, and investment. Many believe that decentralized finance, or DeFi, could eventually replace some traditional financial …

Is Cryptocurrency The Future? Read More »

India will consider 28% additional tax on crypto sales next week Zeynep Geylan · 14 hours ago · 2 min read India’s federal and state finance ministers will come together at a panel on 28-29 June to discuss whether to implement a new tax on crypto transactions. 2 min read Updated: June 23, 2022 at …

India will consider 28% additional tax on crypto sales next week Read More »

Jun 22nd 2022  (Updated Jun 23rd 2022) Tech giants, governments, trustbusters, investors: all eyes are on the much-anticipated stockmarket listing of Arm. Despite the recent rout in tech stocks, SoftBank, the Japanese group that paid $32bn for the British chip designer in 2016, still plans to refloat its shares by next March. On May 30th …

Why everyone wants Arm Read More »

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Inflation drives surge in interest payments on UK public debt Read More »