Following a surprising quarterly loss, US banking giant Citigroup plans to cut 20,000 jobs in the medium term. CEO Jane Fraser reported a “disappointing” final quarter with a loss of $1.8 billion. She anticipates a turning point in 2024 as the bank progresses with tightening structures and separating business units. The 20,000 jobs to be […]
Swissquote, the largest online bank in Switzerland, has announced a record-breaking year for 2023, despite the results not being expected until March. The bank, based in Gland VD, has had a very successful year, according to a statement released on Thursday.Swissquote expects a pre-tax profit of at least 255 million Swiss francs, with a net […]
Tron has ascended to the throne, outperforming Ethereum and Bitcoin in terms of the most daily active addresses. On January 8, Tron boasted 1.4 million active addresses. Data from Token Terminal reveals that Tron (TRX) is trailed by BNB Chain (BNB) with 1.36 million, Polygon (MATIC) with less than 600,000, Bitcoin (BTC) with just under […]
In a surprising turn of events, Chainlink’s (CRYPTO: LINK) price has seen a 5.07% increase in the last 24 hours, reaching $14.21. This is a notable shift from its recent negative trend, where it suffered an 8.0% loss over the past week, dropping from $15.46 to its current price. The coin’s all-time high remains at […]
The fundraising of US venture capital firms has fallen to its lowest level in six years, putting pressure on start-ups. American venture capital firms raised $67 billion last year, the lowest annual value since 2017. This represents a 60% decline from the record $173 billion raised in 2022, according to an analysis by private market […]
Argentina’s President Javier Milei has proposed a draft bill aimed at regularizing cryptocurrency holdings as part of his economic and political reform agenda. The bill, titled the ‘Law of Bases and Starting Points for the Freedom of Argentines,’ introduces an asset regularization scheme that offers tax incentives to individuals declaring crypto assets, regardless of their […]
The interest rates for mortgages have significantly decreased, but many people seem to be unaware of this change. Financial experts have noticed that it can be challenging for individuals to stay informed about the current mortgage market. Earlier this year, homeowners were concerned about high inflation and rising interest rates, which affected the demand for […]
Russia has officially integrated its central bank digital currency (CBDC), the digital ruble, into the nation’s tax code. This move signifies a significant step in Russia’s adoption of digital currencies, as President Vladimir Putin signed it into law.The International Monetary Fund (IMF) has raised concerns about high inflation rates worldwide, urging central banks to maintain […]
Argentina has authorized the use of Bitcoin for contracts, signaling a potential shift towards accepting it as a legal currency. This move reflects the growing trend in Latin America of turning to cryptocurrencies as an alternative to devalued local currencies.The decision by the Argentine government to allow Bitcoin contracts is seen as a significant step […]
Argentina’s new President, Javier Milei, has wasted no time in implementing a libertarian economic agenda. In a bold move, he has issued over 350 economic deregulations aimed at removing barriers in various industries. One of these deregulations is the acceptance of Bitcoin and other cryptocurrencies as legitimate means of payment for contracts.Chancellor Diana Mondino has […]
