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 …
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 …
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Inflation drives surge in interest payments on UK public debt Read More »
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SumUp fundraising gives UK start-up €8bn valuation Read More »
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Biden’s blues: is the US president out of political capital? Read More »
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After crypto financial service provider Babel Finance halted withdrawals and redemptions amid a market slump on Friday, the platform has now taken steps to ease short-term liquidity pressure. In a recent notice, the platform remarked that “an emergency assessment” of the company’s liquidity status was carried out. It also said, “We have communicated with major counterparties …
Babel Finance Releases Debt Repayment Arrangement Days After Freezing Withdrawals Read More »
On June 16, major cryptocurrency lending platform Babel Finance announced that withdrawals would be temporarily halted because of “unusual liquidity pressures.” Liquidity issues are currently challenging the survival of multiple DeFi services, especially lending platforms. Celsius has created a ripple effect on other lenders in the industry. BlockFi’s competitor has also suspended withdrawals of crypto …
More Problems: Distressed Lending Platform Babel Finance Rescued Amid Crisis Read More »