Slovenia finance ministry opens consultation on new digital currency laws
Home » Business » Slovenia finance ministry opens consultation on new digital currency laws The finance ministry in Slovenia has begun consultations with the public over the proposed new digital currency laws that would introduce a tax on digital exchanges and transactions. The draft bill is being presented to stakeholders in a bid to gauge the sentiment…
C.R.E.The.M Finance exploited for more than $100 million
Ethereum-based liquidity pools on C.R.E.A.M Finance were drained by an attacker which resulted in $115 million leaving the platform; this makes the C.R.E.A.M Finance exploit the third-largest DeFi attack in DeFi history according to the Rekt leaderboard, which tracks and ranks the total value lost in various DeFi hacks. We are investigating an exploit on…
Composable Finance: Real World Solutions for DeFi
Composable Finance is a project backed by he publicly traded German-based blockchain organization Advanced Blockchain AG. In late 2020 it began development as a cross-chain and cross-layer interoperability platform.It also offers a hyper-liquidity infrastructure layer powered by Layer 2 of Ethereum and Polkadot protocols for DeFi assets.Composable Finance is working on a suite of different…
Zimbabwe finance minister sees prospect of lower diaspora remittances via blockchain
Home » Business » Zimbabwe finance minister sees potential for lower ‘diaspora remittances’ via blockchain Zimbabwe’s central bank frowns at digital currency and previously ordered all banks to stop processing transactions involving digital currencies, such as BTC and other altcoins in 2017. They termed it as “the currency of choice for money launderers and other criminals.” However,…
Financing Redefined: Celsius raises $400M, and Raris 7.5K% yields, Oct. 1115
Lending firm Celsius raised $400 million, Rari Capital exceeded $1 billion in TVL, and North America witnessed surging crypto volume — all included in this week’s Finance Redefined…
Request Finance: The Suite of Financial Equipment for Businesses & Freelancers
Request was born with the image of a future where invoices can be denominated and paid in any currency with the tokenization of fiat, as well as where legacy banking systems no longer exist in transactions.Cryptocurrency is the most modern and popular finance solution that industries are looking forward to using due to its decentralization.…
How Traditional Finance World Could Cause Traditional Global Financial Crisis
Daniel Tischer, Lecturer in Management, University of Bristol, Adam Leaver, Professor of Accounting & Society, University of Sheffield, and Jonathan Beaverstock, Professor of International Management, University of Bristol.______At the heart of the global financial crisis of 2007-09 was an obscure credit derivative called the collateralised debt obligation (CDO). CDOs were financial products based on debts…
Spains Financing Ministry Intensifies Scrutiny of Crypto Wallets, Pay Companies
Source: AdobeStock/denisismagilovSpanish regulators are set to step up their crypto monitoring efforts, and have pledged to focus on wallet providers and crypto pay-related firms.Per El Confidential Digital, the new initiative comes from Spain’s Ministry of Finance. The ministry’s Union of Technicians (known locally as GESTHA) was quoted as stating that it “has been monitoring” the “[crypto]…
Financing Redefined: Maverick Vitalik with time Mag, Sept. 1317
Vitalik in Top-100 innovators, Cardano’s smart contract launch and carbon NFT’s — all coming to you this week in Finance Redefined.
Zimbabwe finance minister demands digital currency adoption inside remittances
Home » Business » Zimbabwe finance minister calls for digital currency adoption in remittances The Minister of Finance in Zimbabwe has made calls for the country to work towards integrating digital currency solutions in the remittances sector. Mthuli Ncube said he had witnessed the transformational power of digital currencies after a visit to Dubai and…