The American cosmetics giant Revlon decided to file, together with some of its subsidiaries, with the Bankruptcy Court of the Southern District of New York the petition to voluntarily avail themselves of the protection of Chapter 11 of the United States Bankruptcy Law in the face of bankruptcy.…
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New York mayor challenges state mining ban
Eric Adams, mayor of the city of New York, indicated his disagreement with the bill, sanctioned by the state Congress, that prohibits crypto mining based on Proof of Work (PoW) considering that the “measure is not the way to follow to…
Yen reaches its lowest value in the last 24 years
The yen continues its downward path against the main currencies as a result of a growing divergence between the monetary policy of the Bank of Japan and the rest of the major central banks, which has plunged the Japanese currency to its…
Retirement plans in crypto represent a risk
US Treasury Secretary Janet Yellen explained that investing in cryptocurrencies is a “very risky option” to include in the retirement plans of average American savers, and it would be reasonable for Congress to face the danger.
“It is not…
US Senate considers regulating cryptocurrencies as commodities
The US Senate is studying the bipartisan bill called the Responsible Financial Innovation Act, which would give cryptocurrencies the status of commodities, such as oil or coffee, and would be under the supervision of the Commodities Futures…
World Bank forecasts low economy growth
The World Bank recently said that the growth of the global economy was somewhat lower than previously expected.
According to the financial institution, a "prolonged period of low growth and high inflation" is likely to occur, mainly in…
Apple blocked 1.6 million fraudulent apps
The App Store of the technology company Apple discovered, during 2021, more than 1.6 million fraudulent or unreliable applications and prevented scams in the order of 1,500 million dollars.
The technology company recently presented its…
The Summit of the Americas begins under certain controversies
This week will begin the IX Summit of the Americas, which this time will be held in the city of Los Angeles, California. However, the diplomatic meeting will take place without the presence of countries such as Cuba, Nicaragua and…
Japan passes stablecoins bill
The Parliament of Japan passed a law that aims to clarify the legal status of stablecoins, now naming them as digital money.
This proposal plans to go beyond any measure previously established in any country in the world, in terms of…
The US will analyze the environmental impact of crypto mining
The United States government announced that it plans to implement its first specific policy aimed at crypto mining, for which it will take into account the analysis of factors such as the environmental impact and energy regulation of the…
Shanghai lifts coronavirus restrictions
The Chinese city of Shanghai eased anticovid restrictions after two months of home confinement. As of midnight on Wednesday, most citizens of the economic center of the city can move freely, shopping malls open again and public transport…
Dismantled illegal cryptocurrency farm in Spain
The National Police of Almería (Spain) arrested two citizens and dismantled a cryptocurrency farm that was operating inside an “industrial warehouse in the Almería industrial estate.
According to the information provided in a press…