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“#Inflation would rise if Russia invaded Ukraine” US inflation — already stuck at a 40-year high of 7.5% — could spike to 10% or higher if Russia invades Ukraine, according to a new analysis. That’s because oil prices could rise to well over $100 a barrel if Russia — a major oil producer — has…
“# Hungary’s central bank chief wants EU-wide crypto trading and mining ban ” György Matolcsy, Governor of the Hungarian National Bank, has proposed a blanket ban on all cryptocurrency trading and mining operations across the European Union. Governor Matolcsy cited the recent crypto ban imposed by China in a blog post shared by the Hungarian…
“# EU finance chief says digital euro bill coming in early 2023 ” The European Commission has announced that a bill for a digital euro will be proposed in 2023. As first reported by Politico, EC finance chief Mairead McGuinness officially disclosed the EU’s formal consideration of digital euro legislation at a fintech conference on…
“# Vale Diem: How Facebook’s ambitious stablecoin project came to an end ” On Jan. 31, Meta, formerly known as Facebook, announced that it was pulling from its stablecoin project, Diem, formerly known as Libra. Intellectual property and other assets related to the operations of the Diem Payment Network were to be sold to Silvergate…
“# Belgian MP becomes first European politician to accept salary in Bitcoin ” Bitcoin (BTC) craze among lawmakers has reached the Belgian parliament now, as Brussels member of parliament Christophe De Beukelaer became the first European politician to convert his salary to Bitcoin. The Brussels MP’s monthly salary of EUR 5,500 will be converted to…
“# Germany’s 2021: New regulations, the digital euro and NFTs on the rise ” An interesting year has come to an end for the crypto industry in Germany. Although blockchain technology and cryptocurrencies have not yet found wide acceptance in the country, more and more domestic institutions and investors are becoming interested in the crypto…
“# How should DeFi be regulated? A European approach to decentralization ” Decentralized finance, known as DeFi, is a new use of blockchain technology that is growing rapidly, with over $237 billion in value locked up in DeFi projects as of January 2022. Regulators are aware of this phenomenon and are beginning to act to…
“# BitMEX execs reveal EU expansion with German bank acquisition ” Founded by BitMEX Group CEO Alexander Höptner and chief financial officer Stephan Lutz, BXM Operations AG announced Tuesday its plans to acquire Bankhaus von der Heydt, one of the oldest banks in Europe, to create a regulated crypto one-stop-shop in Germany, Austria and Switzerland. Dietrich…
“# Mercado Bitcoin operator acquires Portuguese crypto exchange ” Brazilian 2TM Group, the operator of Latin America’s largest cryptocurrency exchange, Mercado Bitcoin, is moving to expand its global footprint with a strategic acquisition in Portugal. The company officially announced Wednesday the acquisition of a controlling stake in CriptoLoja, a Lisbon-based crypto exchange licensed by the…
“# NFTs to help brewers and farmers preserve UNESCO Belgian beer heritage ” Brewers and farmers from Belgian Barrels Alliance (BBA) have partnered with Zeromint to offer nonfungible tokens (NFTs) aimed at preserving the UNESCO recognized Belgian beer culture and heritage. As a part of the partnership, Zeromint will mint and offer exclusive NFTs on…