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US senator Toomey introduces stablecoin bill as congressional session wraps up
US senator Toomey introduces stablecoin bill as congressional session wraps up
Republican Senator Pat Toomey, who is set to retire from U.S. Congress at the end of the term, has used one of his last few weeks in office to introduce a new stablecoin bill, aimed at creating a regulatory framework for “payment stablecoins.”
Toomey — who also serves as the Ranking Member of the U.S. Banking Committee — said the Dec. 21 bill, called the Stablecoin TRUST Act of 2022 would serve…
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Raise Income Tax Exemption Limit to Rs 5 Lakh In Budget 2023, Industry Body ASSOCHAM Urges Govt
Raise Income Tax Exemption Limit to Rs 5 Lakh In Budget 2023, Industry Body ASSOCHAM Urges Govt
Edited By: Mohammad Haris
Last Updated: December 16, 2022, 16:13 IST
Without accounting for rebates, the current exemption limit is currently Rs 2.5 lakh for the assesses. (File rep image)
ASSOCHAM President Sumant Sinha says buoyancy in both the direct and indirect taxes should give enough elbow room to the government for raising the income tax exemption limit
In its pre-Budget…
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Is Ethereum’s Censorship Problem Taking a Turn?
Is Ethereum’s Censorship Problem Taking a Turn?
Ethereum’s “censorship” problem has grown over the past few months, with some validators in charge of maintaining the blockchain’s ledger ignoring certain transactions to comply with regulations. But crypto’s anti-censorship purists may have reason to be hopeful.
In the past 24 hours, 66% of blocks that made it onto the Ethereum blockchain were OFAC-compliant, meaning they excluded transactions…
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ZEIT ONLINE | Lesen Sie zeit.de mit Werbung oder im PUR-Abo. Sie haben die Wahl.
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The Next Generation of Automated Settlement
The Next Generation of Automated Settlement
“Quantity has a quality all its own.”—Thomas A. Callaghan Jr.
Although the ethical and legal dimensions of the FTX meltdown will be subject to ongoing debate, this much is clear in the wake of the biggest value destruction event in the history of our industry. CeFi, or centralized finance, is fatally flawed and no longer has a defensible value proposition to stand on. Exchanges have already seen…
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Paytm With HDFC ERGO Launches Payment Protect for Safe Online Transactions
Paytm With HDFC ERGO Launches Payment Protect for Safe Online Transactions
Last Updated: December 22, 2022, 10:57 IST
HDFC ERGO will now use Paytm to promote its cost-effective and all-inclusive insurance solutions.
The first-of-its-kind insurance product can be purchased for as little as Rs 30 per year.
Paytm has launched Paytm Payment Protect in association with HDFC ERGO General Insurance. This group insurance plan covers Unified Payments Interface (UPI)…
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Down More Than 60%: Analysts Say Buy These 3 Beaten-Down Stocks — They Are Too Cheap to Ignore
Down More Than 60%: Analysts Say Buy These 3 Beaten-Down Stocks — They Are Too Cheap to Ignore
2022 is almost over and although 2023 brings with it plenty of uncertainty, most investors will no doubt be happy that a tumultuous year for the stock market is finally coming to an end.The selling pressure has at times been so severe that it didn’t really matter whether a stock has strong fundamentals or not, the reflex has been to throw the baby out with the bathwater.The upshot to the…
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POLL-Turkey's cenbank to stand pat after fulfilling Erdogan's call for single digits
POLL-Turkey’s cenbank to stand pat after fulfilling Erdogan’s call for single digits
Repeats story with no changes
ISTANBUL, Dec 15 (Reuters) – Turkey’s central bank is expected to keep its policy rate unchanged next week, a Reuters poll showed on Thursday, having decided to end the cycle after cutting it to 9% in line with President Tayyip Erdogan’s call for single-digit rates.
The central bank has lowered its one-week repo rate TRINT=ECI by 500 basis points in four months in an…
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Bearish Continuation Below $0.33 Seems Likely
Bearish Continuation Below $0.33 Seems Likely
Ripple is consolidating below the $0.35 resistance zone against the US Dollar. XRP price could extend its decline if there is no recovery wave above the $0.35 barrier.
Ripple is currently consolidating below the $0.35 and $0.365 levels against the US dollar.
The price is now trading below $0.365 and the 100 simple moving average (4-hours).
There is a key bearish trend line forming with…
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Govt Says DA Was Freezed For 18 Months To Ease Financial Pressure Amid COVID-19
Govt Says DA Was Freezed For 18 Months To Ease Financial Pressure Amid COVID-19
Edited By: Mohammad Haris
Last Updated: December 22, 2022, 10:40 IST
Lakhs of central government employees are waiting for 18-month DA arrears.
Reports have said the Centre is likely to address the issue of 18-month DA arrears soon
7th Pay Commission, DA Hike, Fitment Factor: Even as lakhs of central government employees are waiting for their 18-month dearness allowance or DA arrears, the…
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FTX founder Sam Bankman-Fried extradited to US to face fraud charges
FTX founder Sam Bankman-Fried extradited to US to face fraud charges
Sam Bankman-Fried, founder of the failed cryptocurrency exchange FTX, is being extradited to the U.S. to face federal fraud charges related to the misappropriation of billions of dollars of customer funds, Bahamian officials said Wednesday.
The 30-year-old one-time mogul had been held in the Bahamas following his arrest earlier this month, but abruptly dropped a challenge to be transferred to the…
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How Crypto Exchanges Can Be Free of Risk
How Crypto Exchanges Can Be Free of Risk
We have recently been reminded that markets, as heavily as we rely on them, are far from ideal in practice. For one thing, settlement risk of major equities markets is increasingly capable of taking down the global economy. This is because of the growing number of traders occasionally using social media to in effect collude, such as with GameStop.
For another, cryptocurrency marketplaces such as…
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DeFi’s Difficult Governance Decisions Lie Ahead
DeFi’s Difficult Governance Decisions Lie Ahead
Financial institutions are starting to realize they should have been embracing decentralized finance (DeFi) all along. By the end of 2023 the largest DeFi ecosystems will be the most demonstrably decentralized ones.
Although decentralization is the bedrock on which all blockchain technologies are built, it is hardly a guarantee across crypto. The recent boom-bust market cycle was marked by the…
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