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The Italy government announced a 40% windfall tax on banks😲
The negative sentiment continued in Europe where the Italian government shocked the markets with a new 40% windfall tax administered to bank profits thanks to rising deposit rates, setting a precedent for other regions to follow. Similar to UK's windfall tax on oil companies in 2021, governments have been turning increasingly aggressive on redistributing corporate profits to their dwindling fiscal coffers.
#Italy #Europe #markets #UK
The negative sentiment continued in Europe where the Italian government shocked the markets with a new 40% windfall tax administered to bank profits thanks to rising deposit rates, setting a precedent for other regions to follow. Similar to UK's windfall tax on oil companies in 2021, governments have been turning increasingly aggressive on redistributing corporate profits to their dwindling fiscal coffers.
#Italy #Europe #markets #UK
📍 Italian Central Bank Selects Polygon to Test DeFi and RWA
➡️ The Central Bank of #Italy 's Innovation Hub has selected Polygon Labs and Fireblocks to assist financial institutions in exploring DeFi and tokenized assets (Real World Asset).
➡️ The Hub aims to support the development of the DeFi ecosystem for traditional institutions over six months. The platform will enable secure and regulatory compliant transactions using DeFi and security tokens.
➡️ This initiative coincides with global central banks' pursuit of #CBDC development, while tokenizing Real World Assets remains a prominent trend in the crypto space, with traditional financial institutions and digital asset companies bringing conventional instruments like bonds and stocks to the blockchain.
$BTC $MATIC $XRP
➡️ The Central Bank of #Italy 's Innovation Hub has selected Polygon Labs and Fireblocks to assist financial institutions in exploring DeFi and tokenized assets (Real World Asset).
➡️ The Hub aims to support the development of the DeFi ecosystem for traditional institutions over six months. The platform will enable secure and regulatory compliant transactions using DeFi and security tokens.
➡️ This initiative coincides with global central banks' pursuit of #CBDC development, while tokenizing Real World Assets remains a prominent trend in the crypto space, with traditional financial institutions and digital asset companies bringing conventional instruments like bonds and stocks to the blockchain.
$BTC $MATIC $XRP
Shiba Inu’s Fast Food Partner Relaunches in Italy
Post By: CryptosHeadlines.com
A partner of Shiba Inu, Welly, has confirmed the reopening date for its SHIB-themed fast food restaurant in Naples, Italy.Welly, in a recent announcement, stated that it would begin its web3 restaurant operations on October 31, 2023. The exact reopening time wasn’t disclosed, but Welly assured that all details are in place for the relaunch.
Welly’s Menu for the Grand Reopening
Welly’s restaurant in Naples, Italy, has unveiled its inaugural menu, featuring a selection of fast-food items such as chicken sandwiches, cheeseburgers, chicken bacon, grilled chicken, Caesar wraps, and waffle fries.
Additionally, the restaurant will serve various soft drinks, including Coca-Cola, Fanta, Sprite, and milkshakes.
Welly emphasized the significant role the community played in creating the menu, indicating that they collaborated with the community for its development. Furthermore, Welly is open to incorporating additional sandwiches as per the community’s preferences.
Welly Tracking Technology Undergoing Ongoing Testing
Welly, the Shiba Inu partner, provided an update on their ongoing testing of a blockchain-based tracking technology. This technology, currently being tested inside the restaurant, connects the restaurant’s management system to the blockchain. It will enable the transmission of food data and other activities in all Welly restaurant locations. This tracking tool aims to revolutionize the restaurant industry by improving the tracking of food items and overall operations.
Welly Hosts X Spaces
Welly recently held a session on X Spaces to answer questions about its upcoming launch. Surprisingly, 463 users from X (formerly Twitter) joined the spaces to learn more.
Welly’s upcoming relaunch comes after teaming up with two big Italian delivery companies, Deliveroo and Glovo. Thanks to these partnerships, Deliveroo and Glovo can now deliver orders directly to customers’ homes. While Welly is currently based in Naples, Italy, it’s looking to grow and open more branches in different places using a franchise model.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoNews #ShibaInu #SHIB #Shibarium #Italy
A partner of Shiba Inu, Welly, has confirmed the reopening date for its SHIB-themed fast food restaurant in Naples, Italy.Welly, in a recent announcement, stated that it would begin its web3 restaurant operations on October 31, 2023. The exact reopening time wasn’t disclosed, but Welly assured that all details are in place for the relaunch.
Welly’s Menu for the Grand Reopening
Welly’s restaurant in Naples, Italy, has unveiled its inaugural menu, featuring a selection of fast-food items such as chicken sandwiches, cheeseburgers, chicken bacon, grilled chicken, Caesar wraps, and waffle fries.
Additionally, the restaurant will serve various soft drinks, including Coca-Cola, Fanta, Sprite, and milkshakes.
Welly emphasized the significant role the community played in creating the menu, indicating that they collaborated with the community for its development. Furthermore, Welly is open to incorporating additional sandwiches as per the community’s preferences.
Welly Tracking Technology Undergoing Ongoing Testing
Welly, the Shiba Inu partner, provided an update on their ongoing testing of a blockchain-based tracking technology. This technology, currently being tested inside the restaurant, connects the restaurant’s management system to the blockchain. It will enable the transmission of food data and other activities in all Welly restaurant locations. This tracking tool aims to revolutionize the restaurant industry by improving the tracking of food items and overall operations.
Welly Hosts X Spaces
Welly recently held a session on X Spaces to answer questions about its upcoming launch. Surprisingly, 463 users from X (formerly Twitter) joined the spaces to learn more.
Welly’s upcoming relaunch comes after teaming up with two big Italian delivery companies, Deliveroo and Glovo. Thanks to these partnerships, Deliveroo and Glovo can now deliver orders directly to customers’ homes. While Welly is currently based in Naples, Italy, it’s looking to grow and open more branches in different places using a franchise model.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoNews #ShibaInu #SHIB #Shibarium #Italy
Bitcoin Mining Costs Vary Widely Across Countries 👀
Bitcoin #mining costs display global disparity, with a recent report from #CoinGecko highlighting Europe's unprofitable landscape.
Of the ten least profitable countries, nine are in Europe, mainly due to high household electricity expenses.
#Italy tops the list, with each mined Bitcoin costing $208,560.33. In contrast, Lebanon boasts remarkably cheap electricity rates, allowing miners to generate a Bitcoin for just $266.02.
The report notes that only 65 nations are profitable for solo miners based on electricity costs, with Asia dominating at 34 countries. Binance CEO CZ questioned the feasibility of mining in these low-cost countries, hinting at untapped potential.
#Binance
#crypto2023
Bitcoin #mining costs display global disparity, with a recent report from #CoinGecko highlighting Europe's unprofitable landscape.
Of the ten least profitable countries, nine are in Europe, mainly due to high household electricity expenses.
#Italy tops the list, with each mined Bitcoin costing $208,560.33. In contrast, Lebanon boasts remarkably cheap electricity rates, allowing miners to generate a Bitcoin for just $266.02.
The report notes that only 65 nations are profitable for solo miners based on electricity costs, with Asia dominating at 34 countries. Binance CEO CZ questioned the feasibility of mining in these low-cost countries, hinting at untapped potential.
#Binance
#crypto2023
