Hazem Shawki, a former Goldman Sachs Group, Inc banker who was involved in a 1Malaysia Development Bhd (1MDB) mega deal with fraudster Jho Low, has been appointed to run UBS’ investment bank in the Middle East. Shawki, who was working for Goldman Sachs in Dubai in 2012, was deeply involved with Jho Low and the […]
Honduras’ Prospera Economic Zone, situated on Roatan Island, has officially recognized Bitcoin as a unit of account. This significant move acknowledges Bitcoin’s role in various commercial, fiscal, and financial transactions. The announcement was made by Jorge Colindres, the acting manager and Tax Commissioner of the zone, who provided details on the criteria that legal entities […]
The departure of media “Spin Doctor” Peter Dietlmaier leaves a significant gap in managing external perceptions. This may seem like a minor detail, but it is indeed crucial.Is the crypto-renaissance replacing the sustainability trend? Yes. Financial institutions have used “sustainability” as a marketing tool in recent years, allowing them to profile themselves as architects of […]
In a significant development for the cryptocurrency sector, the number of global merchants accepting Bitcoin payments saw a nearly three-fold increase in 2023. This information comes from BTC Map, a provider of Bitcoin merchant mapping data. The data reveals that the count of restaurants, bars, shops, and services accepting the digital asset reached 6,126 by […]
As the year 2024 approaches, the cryptocurrency market is buzzing with predictions about which tokens will see significant gains. One token that is being touted as a potential long-term winner is Chainlink ($LINK), despite its current underperformance, according to crypto commentator Quinten Francois.Francois, who has a following of 107,000 on the social media platform X, […]
Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a dip on Sunday evening. This was largely due to market anxiety over the potential approval or denial of the United States’ first spot Bitcoin exchange-traded fund (ETF). Bitcoin, Ethereum, and Dogecoin saw decreases of -0.63%, -1.69%, and -3.36% respectively.Senior Bloomberg ETF analyst Eric Balchunas expects most […]
Argentina has been rocked by economic instability in recent years, with failed agreements with the IMF, capital controls, state price dictates, and expropriation of companies. Despite these challenges, Augusto Darget, a renowned investment banker from Buenos Aires, is optimistic about the prospects of the Buenos Aires stock exchange. He predicts that stocks will be significantly […]
The attractiveness of cryptocurrencies for investment purposes could be affected by changes in tax laws. At the same time, the number of coins that Spot-Bitcoin-ETFs would need to hold to be profitable could make them attractive targets for cybercriminals. Bitcoin and other cryptocurrencies rely on digital keys and internet-based storage and transmission. Major security breaches […]
The United States Securities and Exchange Commission (SEC) has reiterated its cautionary stance on FOMO crypto investing, just days before the expected approval of spot Bitcoin exchange-traded funds. The SEC’s Office of Investor Education posted a warning on X (formerly Twitter) on January 6, highlighting the risks associated with digital assets such as meme stocks, […]
Próspera, a special economic zone in Roatan, Honduras, has officially recognized Bitcoin as a unit of account less than two years after adopting it as legal tender. This means Bitcoin can now be used to measure the market value of goods and services in the area. The initiative was led by Jorge Colindres, the acting […]
