The aftermath of the COVID-19 pandemic has brought about numerous economic challenges, with rising inflation being at the forefront. As economies worldwide grapple with the effects of unprecedented fiscal stimulus and supply chain disruptions, central banks find themselves in a delicate balancing act.
Mayor Francis Suarez of Miami, who is also a US presidential candidate, has made headlines by expressing his openness to receiving his salary in Bitcoin if he is elected as the President of the United States. This bold statement underscores the growing acceptance of cryptocurrencies at the highest levels of government.
While U.S. lawmakers and regulators struggle to deal with the crypto challenge, the EU has embraced crypto and made it part of the European financial system. Last week, the EU Parliament passed the Markets in Crypto-Assets (MiCA) framework establishing crypto as part of the European monetary system.
According to reports, the world's largest crypto trading platform Binance has concealed its connections to China. If the allegation turns out to be accurate, this could have severe consequences for the company.
The Chinese online retail giant Alibaba wants to split itself into six independent companies. This would transform the now monolithic tech giant Alibaba into a tech holding company, which is rare in China.
The startup Bulletproof Ukraine produces bulletproof vests for volunteers and journalists. Currently, founder Madina Katter can no longer pay outstanding bills. Payment service provider Wise has blocked the company's business account.
Binance's $1 billion acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a national security review in the U.S., according to a bankruptcy court filing Friday. The US-based subsidiary of crypto exchange Binance.us intends to buy Voyager's crypto lending platform with an offer that includes $20 million in cash and crypto assets, but the U.S. Committee on Foreign Investment in the United States (CFIUS) may challenge the planned acquisition.