Cryptocurrencies hold “no societal benefits,” and should instead be seen as a form of gambling, according to European Central Bank (ECB) board member Fabio Panetta. In a speech held at the Bank for International Settlements (BIS) last week, Panetta argued that cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), fail to serve any meaningful purpose in society. He also made it clear that…
The finance expert shared the warning on The Martin Lewis Money Show The button issue arises when travellers take out cash or pay with plastic READ MORE: The world’s 50 best restaurants for 2023: Eatery in Peru is No.1 Money expert Martin Lewis has warned Britons that there’s one button they should never press while holidaying overseas. When travellers…
Venezuela’s ban on cryptocurrency mining has severely damaged the industry that President Nicolás Maduro once supported. Back in March, the state regulators ordered a halt on mining cryptocurrencies after an investigation into a corruption scheme in which crypto wallets redirected payments owed to the state-run oil company Petróleos de Venezuela. So far, around 80 people have been arrested in…
The U.S. government has established a new task force for targeting crypto crime consisting of five investigators from different federal agencies. Established on June 15, the “Darknet Marketplace and Digital Currency Crimes Task Force,” aims to “disrupt and dismantle criminal organizations” that use the “appearance of anonymity” provided by digital currencies to enable drug trafficking, money…
The competition to launch a spot Bitcoin exchange-traded fund (ETF) in the US has intensified, with Invesco and WisdomTree filing submissions with the Securities and Exchange Commission for their own Bitcoin ETFs. On Tuesday, WisdomTree filed for the WisdomTree Bitcoin Trust, requesting the SEC to allow it to list its fund on the Cboe BZX Exchange under the ticker “BTCW.” The asset management firm, with…
recently got a promotion and figured it was a great time to start really hashing out my finances. I wanted to make a financial plan of some kind, but wasn’t sure where to start. When I reached out to experts on the matter, many of them referenced the six steps in the financial planning process, according…
One more covid case has been confirmed in Balochistan, taking the provincial tally to 133, according to a spokesperson for the Balochistan health directorate.The total number of cases detect across the country now stands 1,321.
Coronavirus: Bilawal urges government to take ‘decisive’ action to close The PPP chairman, Bilawal Bhutto Zardari, on Saturday, called on the government to take drastic measures by pushing the country to a close as the current novel continues to affect people in Pakistan. In taking to Twitter, Bilawal urged the government to “take decisive action…
The United States and Britain drove a multi-billion-dollar worldwide fightback against monetary devastation unleashed by the coronavirus as the European Union shut its fringes to explorers from outside for 30 days to stem the pandemic’s savage spread. The broad measures, at no other time found in peacetime, have overturned society worldwide and irritated money related…
Iran announced its single greatest bounce in passings from the new coronavirus, saying on Wednesday another 147 had kicked the bucket in an about 15 percent spike that raises the loss of life to 1,135 individuals across the nation. The ascent in passings comes as the quantity of diseases keeps on developing every day, with…
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