The European Parliament's Committee on Economic and Monetary Affairs has rejected the version of the draft Digital Assets Market Act (MiCA) that prevented cryptocurrencies based on Proof-of-Work (PoW) mechanisms.
The version of the law that will advance in the discussions within the European…
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investment
Colombia has invested $ 90 million in bank security
The Financial Superintendence of Colombia (SFC) published the indicators related to information security and cybersecurity in the banking sector, establishing that the 2021 expenditure was approximately 90 million dollars.
Despite this…
Goldman Sachs announces the suspension of operations in Russia
The investment bank Goldman Sachs announced the suspension of its activities in Russia, thus becoming the first large Wall Street bank to announce a measure that has already been previously adopted by numerous multinational companies.
The…
EU will have 200,000 million euros for digitization projects
The European Union reached an agreement to mobilize close to 20,000 million euros that will be used to invest in renewable and digitization projects in the Member States, as part of the stimulus package to speed up the recovery from the…
Investment in Artificial Intelligence will grow by 20%
Global spending on artificial intelligence (AI), encompassing software, hardware, and services, will reach $432.8 billion in 2022, representing at least 19.6 % growth from 2021.
This forecast from the consulting firm IDC contemplates that…
Bulgaria authorizes investment in cryptos on the stock market
Manyu Moravenov, CEO of the Bulgarian Stock Exchange, reported the launch of eight Exchange-traded notes (ETNs) based on bitcoin (BTC) and ether (ETH).
According to the information issued by the Bulgarian Stock Exchange, citizens will be…
Russia introduced draft law on digital currencies
The Russian Ministry of Finance has sent a draft law for the regulation of digital currencies to the national government that aims to establish the legal bases for the cryptocurrency market and the rules for its circulation in the country.…
General Motors will produce batteries and electric cars in the US
General Motors will invest more than 7,000 million dollars in four of its plants in Michigan, United States, to expand the production capacity of batteries and electric vehicles. The company highlighted that this amount will allow the…
Venezuela’s economic challenges for 2022
The Venezuelan economy in 2021 was characterized by a series of restrictions imposed by the government due to the pandemic. However, for 2022 great challenges are assigned to achieve economic growth in the country.
The main economic…
National executive could establish a multi-currency system
The economist Ronald Balza explained during a radio interview that the national executive should allow the Venezuelan financial system to have various products that facilitate financial intermediation.
According to Balza, the government…
Metaverse, an investment for the financial future
The metaverse is the investment of the financial future and the trend of the technology sector after Mark Zuckerberg announced the name change of his company, which is attracting the attention of various professionals and investors around…
Tiff Macklem: “Bitcoin is not a digital currency”
Tiff Macklem, governor of the Central Bank of Canada was emphatic in indicating that Bitcoin "is not a digital currency" because, in his opinion, it is not a cryptocurrency frequently for the acquisition of products. It is an "investment…