Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board

As political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed government, the country’s runaway inflation rate surged to 211% in May 2022, new data has shown. Economist Steve Hanke insists that a currency board is a solution to Lebanon’s currency woes. The inflation rate in crisis-torn Lebanon surged to 211% in May, making […] The post Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board first appeared on PR Business News Wire.
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Ruble Hits 7-Year High, Bukele, O’Leary Unfazed by Crypto Downturn, Elon Musk Will Keep Buying DOGE — Bitcoin.com News Week in Review

As sanctioned Russia’s fiat currency soars in value against the U.S. dollar, and crypto markets remain unpredictable, economists and crypto enthusiasts continue to puzzle and debate over what the next market move will be. In spite of this, several influential voices remain unperturbed when it comes to the future of decentralized digital assets, with Salvadoran […] The post Ruble Hits 7-Year High, Bukele, O’Leary Unfazed by Crypto Downturn, Elon Musk Will Keep Buying DOGE — Bitcoin.com News Week in Review first appeared on PR Business News Wire.
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Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants to send crypto to a third-party wallet via Coinbase, […] The post Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform first appeared on PR Business News Wire.
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Daily Crunch: Months after rejecting a $17B bid, Zendesk sells to private equity group for $10.2B

Elsewhere in tech: Image Credits: Getty Images/dblight On Monday, June 27 at 11:30 a.m. PT/2:30 p.m. ET, M13 managing partner Karl Alomar is joining senior editor Walter Thompson on a Twitter Space to share tactics and strategies for founders who plan to fundraise during this downturn. Alomar led startups through the dot-com bust of 2000 … Daily Crunch: Months after rejecting a $17B bid, Zendesk sells to private equity group for $10.2B Read More » The post Daily Crunch: Months after rejecting a $17B bid, Zendesk sells to private equity group for $10.2B first appeared on PRP Breaking News and Top Stories.
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Albania to Start Taxing Crypto-Related Income From 2023

Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting the necessary legislation which has been proposed for public consultations. The Albanian state should begin collecting taxes on income from crypto assets as of 2023 […] The post Albania to Start Taxing Crypto-Related Income From 2023 first appeared on PR Business News Wire.
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Saddle․Finance Creates New Standards for DeFi Trading

DeFi is a sub-sector in the crypto industry that has witnessed significant innovation since its inception. However, the narrative has struggled to stay consistent, affecting the domain overall. The current bear market has wiped out more than half of DeFi Total Value Locked (TVL), hampering innovations. Furthermore, several projects have simply forked (copied) existing protocols […] The post Saddle․Finance Creates New Standards for DeFi Trading first appeared on PR Business News Wire.
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Japanese Virtual IP Firm Raises $10 Million to Accelerate Metaverse Business

Brave Group Inc., a Japanese virtual IP firm, recently said it had raised $10 million in new capital and that the company expects to use part of these funds to boost its “solution services for clients in the metaverse marketing business.” Taking part in Brave Group’s latest funding round were two local companies, foreign investment […] The post Japanese Virtual IP Firm Raises $10 Million to Accelerate Metaverse Business first appeared on PR Business News Wire.
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