financenews

Unlocking Financial Inclusion: Bitfinex Launches Tokenized Bonds to Empower Microfinance Projects

Bitfinex Securities issues new tokenized bonds to support microfinance projects Introduction Bitfinex Securities has recently announced the launch of two new tokenized bond issues as part of an ongoing issuance program from Mikro Kapital’s securitization fund, ALTERNATIVE. This initiative marks the second tokenized bond offering since the companies entered into a Memorandum of Understanding in…

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TONcoin Surpasses Dogecoin: Now Ranks as the 8th Largest Cryptocurrency!

Toncoin Surpasses Dogecoin in Market Cap Toncoin Ecosystem Expansion Toncoin (TON) has made significant strides in the cryptocurrency market, recently surpassing Dogecoin (DOGE) in terms of market capitalization. With a valuation of around $19.5 billion, Toncoin has secured the eighth spot among the largest cryptocurrencies in the world. This achievement is a testament to the…

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Revolut, the Digital Bank: A Record-Breaking Success with 95% Revenue Growth and $344M Profit!

Revolut Reports Record Revenue and Profit Revolut, the London-based fintech giant, has announced a significant leap in profitability for 2023 and expressed confidence in obtaining a UK banking license, according to the financial report published this week. Revolut’s latest financial report for 2023 has sent shockwaves through the fintech industry, as the company reported a…

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Vitalik Buterin Speaks Out: Why We Need Balanced Crypto Regulation to Combat Anarcho-Tyranny Worries

Vitalik Buterin Calls for Balanced Crypto Regulation Amidst “Anarcho-Tyranny” Concerns Ethereum co-founder Vitalik Buterin has sharply criticized the current state of cryptocurrency regulation in the United States, describing it as “Anarcho-Tyranny.” As per his view, this paradoxical approach stifles genuine innovation while allowing worthless projects to thrive. His statement comes amid increasing crypto regulatory actions…

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Breaking Down the Eurozone’s June Final Manufacturing PMI: A Closer Look at the Numbers

Welcome to the Manufacturing PMI Rollercoaster! Hold on tight, folks! Key findings: According to the latest data, the HCOB Eurozone Manufacturing PMI has dropped to 45.8 from the preliminary figure of 45.6 and the previous month’s 47.3. This marks a 2-month low for the industry. Additionally, the HCOB Eurozone Manufacturing PMI Output Index has fallen…

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Hurricane Beryl Poses Threat to Caribbean

The Impact of Hurricane Beryl on the Southeast Caribbean Introduction Much of the southeast Caribbean was on alert late Saturday as Beryl strengthened into the first hurricane of the 2024 Atlantic season, with forecasters warning it will swiftly become a major storm. The U.S. National Hurricane Center (NHC) said Beryl — currently churning in the…

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