The National Consumer Price Index (INPC) of Venezuela increased by 37.2% in December in monthly terms and year-on-year inflation is now at 305.7%, according to the Venezuelan Finance Observatory (OVF), an independent organization of economic information.
This monthly increase is the highest in the…
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finance
Latin America and the Caribbean, the regions most exposed to a recession in the United States
The Latin American and Caribbean regions are the most susceptible to a possible recession in the US economy, according to the report 'The vulnerabilities of Latin America and the Caribbean in the face of a US recession.' published by Fitch…
Italy announces a package of 30,000 million euros to placate the rise in energy prices
As a measure to help families and businesses face the increase in the energy sector, the Prime Minister of Italy, Giorgia Meloni announced this Friday an aid of 31,000 million euros.
A third of this figure will be specifically allocated to…
Latin America faces “a lost decade”
Several economic experts for the countries of Latin America have warned that the region is facing "a lost decade" in terms of economic growth that will last until 2025, since the levels of GDP per capita of 2014 will not be recovered until…
Germany tops list of world’s most pro-crypto countries in Q3 2022
Cryptocurrencies are present in most of the world's economies. Germany is not out of the adoption trend and, according to a study by Coincub, the European country is in the top of the most favorable to crypto adoption for the third quarter…
The Fed must act directly to control inflation
The President of the United States Federal Reserve (Fed), Jerome Powell, indicated that the monetary authority must act "directly" to contain the rise in prices and comply with its mandate, which opens the door to another bulky rise in…
Caracas Blockchain Week will be held in November
It was recently confirmed that the first edition of the Caracas Blockchain Week (CBW) will be held in the country's capital between November 2 and 5.
This meeting aims to promote the cryptocurrency space, emphasizing education, adoption…
Telefónica will close the first investments of its Brazilian fund
The telecommunications multinational Telefónica expects to make its first investments from Vivo Ventures in the coming months, a fund created by the company in Brazil of 320 million reais, equivalent to 60.4 million euros, with the purpose…
Hodlnaut suspends cryptocurrency withdrawals
Cryptocurrency lending and trading platform Hodlnaut has decided to suspend all withdrawals and token swaps as a result of recent conditions in the markets, the company reported.
"We regret to inform you that we will be suspending…
Taiwan will seek to restrict the use of TDC to acquire cryptocurrencies
The Taiwan Financial Regulator would have issued a letter stating that it will soon seek to limit purchases of cryptocurrencies with credit cards.
The instruction establishes that both banks and companies may not use this payment method as…
Italian government will fund blockchain technology projects
The Ministry of Economic Development of the Italian government announced the granting of 46 million dollars to finance organizations that develop projects related to artificial intelligence, the Internet of things and blockchain technology…
Bank of China to support country’s economic recovery
The People's Bank of China (PBC) assured that it will continue to maintain a monetary stance that supports the recovery of the economy, after the impact of the Covid-19 pandemic and the successive restrictions imposed to contain infections,…