Spain’s Minister of Finance and Public Function María Jesús Montero.Source: a video screenshot, El País / YouTube Spanish authorities will force crypto owners to declare their crypto-related operations and coin holdings. The nation’s finance chief also stated that crypto exchanges will be forced to report on their customers’ activities from next year – and warned …
The infrastructure that supports the traditional financial system has remained more or less unchanged for decades. Trust is placed firmly in the hands of intermediaries such as banks and payment brokers that take care of everything related to our financial transactions and savings. In modern times, we’ve seen fintech startups emerge to solve some of …
DeFi Infrastructure’s Rapid Development Leaves Legacy Finance In The Dust Read More »
Summary: MicroStrategy (MSTR) stock value has undergone an 87% correction from its February 2021 highs of $1,350. However, Wall Street analysts still believe it is a buy with a potential to rise to $950 from current levels of $180. Since Michael Saylor revealed MicroStrategy’s Bitcoin strategy, the value of MSTR stock has been tied to …
Summary: Solana developers have unveiled a flagship Android smartphone dubbed Saga. The phone will be available for pre-orders immediately and delivery in early 2023. Saga will also feature unique Solana functionality integrated within. Solana developers also debuted Solana Mobile Stack, an open-source SDK for Android enabling Web3 apps on Solana. Solana developers are venturing into …
Solana To Venture Into Smartphones With a Focus on Web3 Mobile Apps Read More »
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 …
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 …
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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 …
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 »