Singaporean Finance Minister Lawrence Wong announced taxes on transactions involving non-fungible tokens on March 11, 2023, which will be based on the nature and use case of the specific NFT. The tax ...
Tag: Finance
Deutsche Bank to Exit Russia, Says There Will Be No New Business There – Finance Bitcoin News
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2...
US Banking Giants Goldman Sachs and JPMorgan Wind Down Business in Russia – Finance Bitcoin News
Global investment banks Goldman Sachs and JPMorgan Chase are winding down business in the Russian Federation. The move comes as western sanctions against Moscow over its decision to launch a military ...
Decentralized finance as a new globalization accelerator
Those who studied history well might remember the city-states of medieval Europe. Back then, caravans of merchants traveled from one city-state to another, bringing luxury goods and news from far-away...
Ontario Teachers’ Pension Plan Leads £210M Round in UK-Based Consumer Finance Platform Lendable
Lendable.co.uk, a major AI-powered consumer finance platform based in London, announced on Thursday it raised £210 million in a funding round led by the Ontario Teachers’ Pension Plan Board through ...
In light of Russia sanctions, Senate to hold hearing on crypto in illicit finance
advertisement The Senate is exploring crypto’s use in sanctions evasion next week. The Senate Banking Committee announced the hearing, entitled “Understanding the Role of Digital Assets i...
Fantom’s DeFi Fantasm Finance (FSM) Exploited; $2.6 Million Lost
Vladislav Sopov The season of DeFi hacks is nowhere near an end: Fantom-based protocol is under fire Contents Three chains, five assets: Fantasm Finance drained for $2.6 million Repayment campaign sta...
Glitter Finance Creates Algorand-Solana Bidirectional Bridge
Glitter Finance recently combined two non-EVM compatible blockchains for an outstanding crypto experience, revolutionizing the bridge’s stability and reliability. The company raised 7 million in...
Crypto Firms May Look at Traditional Finance Firms as M&A Targets
If some observers are right, cryptocurrency mergers and acquisitions may soon become a “man bites dog” story. This much is clear: Deal activity in the crypto sector is heating up. As mainstream adopti...
Poolz Finance Joins Forces with Fuse Network To Boost Incubated Projects
SaintVincent, Grenadines, 10th March, 2022, Poolz Finance, an industry-leading DeFi project launchpad and incubator, has forged a long-term collaboration with Fuse, a payment-focused smart contract bl...
Symphony Finance Integrates Chainlink Price Feeds on the Avalanche Mainnet
The limit order protocol for yield generating, Symphony Finance, has finally made the announcement of integrating Chainlink Price Feeds on the Avalanche mainnet. This integration of the leading decent...
All there is to know about ‘spooked’ Fantasm Finance, XFTM’s 98% drop
A new DeFi project presents an opportunity for investors to become early adopters and reap the rewards of taking such a risk. On the other hand, things can go sideways and an exploit can quickly put a...
Fantasm Finance Loses $2.6 Million in DeFi Exploit
Fantom Network-based synthetic assets protocol Fantasm Finance has been attacked, with nearly 1,007 ETH stolen. The team said that they would conduct a post mortem and consider all compensation option...
Crypto Finance Management Platform Request Finance Reimagines B2B Payments
A study from Chainalysis shows crypto adoption has risen by 880% in 2021, and it is only set to grow further. The mass adoption of crypto has become a matter of “when” and not “if”. Just as with the e...
Fractional Investing Company Public Acquires NFT Startup Otis – Finance Bitcoin News
The fractional investing company Public announced the acquisition of the digital collectibles and non-fungible token (NFT) technology startup Otis. Public’s co-CEO believes the acquisition will give P...
Neutrino, Vires Finance and Waves bag 100%+ gain after pivot toward interoperability
Ongoing developments on the global stage continue to cause havoc in traditional markets and in the cryptocurrency sector. Despite these headwinds, projects in the Waves ecosystem have managed to climb...
HOKK Finance Has Named Lawrence Hutson as Chief Technology Officer
HOKK Finance announced that it has named Lawrence Hutson as its new Chief Technology Officer. In a press release recently shared with Finance Magnates, Lawrence Hutson, a Co-Founder of Travelocity, ha...
Indian Finance Minister Sees “Clear Advantages” in CBDC
India’s Finance Minister, Nirmala Sitharaman, has hailed the Central Bank Digital Currency (CBDC) being developed by the Reserve Bank of India (RBI). Speaking at the India Global Forum’s annual summit...
Bogged Finance – A DeFi Project Like No Other
Mar 09, 2022 at 09:40 // News Join us as we take a deep dive into Bogged Finance – what do they offer; how do their tools work; and why should DeFi traders consider using them? The Bogged Financ...
Indian Finance Minister Expects CBDC to Roll Out This Year Indian Finance Minister Expects CBDC to Roll Out This Year
Indian Finance Minister Nirmala Sitharaman said that she expects the central bank to roll out its digital currency this year. About the legalization of bitcoin and other digital currencies, she noted ...
Cathie Wood of ARK Invest Says Decentralized Finance a Threat to All Financial Institutions
ARK Invest founder Cathie Wood says decentralized finance (DeFi) could threaten the supremacy of financial institutions. In a recent conversation with Miami Herbert Business School, the hedge fund fou...
Yearn Finance Founder Andre Cronje Allegedly to Stop Contributing to DeFi
Andre Cronje, the renowned blockchain developer who came to the limelight with Yearn.finance, is allegedly going to stop contributing to Decentralized Finance (DeFi) and cryptocurrencies in general. ...
India’s Finance Minister Praises CBDC, RBI to Accelerate the Development
India seems to be getting closer to realizing its plans of having a central bank digital currency aka the “Digital Rupee”. Coming in its support on Tuesday, March 8, India’s Union Finance Minister Nir...
Immutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion – Finance Bitcoin News
Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued a...
Visa and Mastercard Suspend Operations in Russia as Part of Sanctions Over Ukraine – Finance Bitcoin News
The world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the ...
AutoFi Scores New Investment Millions, Tightens Bond With Finance Giant
Screenshot of AutoFi’s online Deal Center Showroom. AutoFi A leading online platform for digital auto sales and financing has scored a major cash infusion from investors and broadened its relati...
Bug issues lead to redeployment of Convex Finance Smart Contract
Convex Finance’s smart contract was redeployed after it stopped facing bug issues Users are allowed to earn rewards via the market maker, Curve The TVL for the DeFi protocol stands at $12 billion at...
Yearn Finance (YFI) Down 13% Following Andre Conje’s Exit
Yearn Finance (YFI) has plunged rapidly following the surprise exit of its key players. The cryptocurrency which had been following the market trend had broken off the step with the rest of the space ...
Centralised finance cripples Russia as Visa and Mastercard withdraw from country
Mastercard and Visa have announced that they will no longer operate inside Russia. With Russia already cut off from the SWIFT network and PayPal, the impact of exclusive reliance on centralised financ...
Yearn Finance (YFI) Plunges 13% on Reports of Andre Cronje Leaving Crypto
Andre Cronje, perhaps best-known for his work on Fantom and Yearn Finance, alongside Anton Nell – senior solutions architect at the Fantom Foundation – will reportedly be leaving the cryptocurrency sp...
Convex Finance Forced to Redeploy Smart Contract Due to Vulnerability
Convex Finance was forced to unlock its vote locked CVX tokens after getting to know of a bug in the smart contract. According to the team, this was a non-critical bug that didn’t affect users’ funds ...
China defense spending to rise by 7.1% in 2022, says finance ministry
Chinese President Xi Jinping inspects troops during a parade on October 1, 2019, to celebrate the 70th Anniversary of the founding of the People’s Republic of China at Tiananmen Square in 1949, ...