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economy

The National Integrated Customs and Tax Administration Service (SENIAT in Spanish), announced an increase in the Tax Unit (UT) that went from costing 0.02 bolívares to 0.40 bolívares through Administrative Providence. This was determined by resolution No. 2022/000023 of the Service, published in…
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General Bytes suffers major hack

Bitcoin ATM manufacturer General Bytes recently suffered a major hack on its servers. This illegal action allowed the hackers to modify the settings to take the funds to other wallet addresses. Until now, it is unknown how much the stolen…

The euro loses parity with the dollar again

The price of the euro against the dollar briefly fell below parity this Monday in view of the prospects that point to a growing risk of recession in the euro zone and the expectation that at the end of this week they will meet in Jackson…

Ripple launches liquidity service in Brazil

Digital payment processor Ripple recently launched an on-demand cryptocurrency and liquidity (ODL) service in Brazil. This service comes thanks to the intervention of the company Travlex Bank, which now becomes the first bank in all of…

ECB prepares guidelines for digital assets

The European Central Bank (ECB) is working on the criteria that it will apply when harmonizing the necessary requirements to authorize cryptocurrencies in the region. Through a statement issued this week, the banking supervision division…

Cuba authorizes foreign investment

The Government of Cuba announced a series of new measures to promote foreign investment in wholesale trade, including companies with 100% foreign capital, and through joint ventures in the country's retail trade, in addition to promoting…

Biden signs Inflation Reduction Act

Joe Biden signed the Inflation Reduction Act on Tuesday, which he described as one of the most important in history. It is a key law that contemplates more funds to combat climate change, increases taxes on companies and expands medical…

Justin Bieber is criticized for promoting NFT

Singer Justin Bieber is on Truth in Advertising's (TINA.org) list of celebrities who have been criticized for allegedly promoting non-fungible tokens (NFT). In addition to Bieber, there are other celebrities such as athletes Floyd…

UK GDP contracted between April and June

The Gross Domestic Product (GDP) of the United Kingdom registered a contraction of 0.1 % between April and June, after growing at a rate of 0.8 % in the first three months of 2022, according to the first estimate of the data published by…