Tag: finance

5 basic principles of finance you should know

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Learning the principles of finance is essential for managing personal and business finances, making informed investment decisions and understanding the economy. Here are five basic principles of finance that you should know. Time value of money This principle suggests that a dollar received today is worth more than a dollar received in the future due to the potential to earn interest or investment returns. It is the foundation of many financial decisions, including investment strategies and loan repayment plans. For example, if an investor bought 1 Bitcoin (BTC) for $10,000 in…

Iran’s Crypto Rial Project Enters Trial Phase – Finance Bitcoin News

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The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s payment system. Iranian Government Prepares to Trial Its Digital Currency The project to issue a digital version of the Iranian national fiat, also referred to as the “crypto rial,” is entering its trial phase, the head of the payment systems supervision department of the Central Bank of Iran (CBI) revealed this…

Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain – Finance Bitcoin News

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According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform elected for the tests, will allow the project to run without any licensing costs and to deal with maintenance costs later, if the platform is definitely chosen. Tokenized Digital Real Pilot to Use Ethereum-Compatible Hyperledger Besu Brazil continues to move forward with its plan of delivering a working version of its own central bank digital currency…

9 essential finance terms you must know

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Financial literacy is a critical life skill that can have a significant impact on an individual’s financial well-being and overall quality of life. It is important for individuals to continuously educate themselves on financial terms and concepts to make informed decisions and achieve their financial goals. Financial literacy is important for a variety of reasons: Making informed financial decisions: Those who are financially literate are able to make wise financial decisions that are consistent with their aims and values. This involves choices on how much to spend, save, invest and…

Wallet tied to Uranium Finance hacker reawakens after 647 days, shifting $3.3M

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One of the wallets associated with the $50 million exploit of Uranium Finance in April 2021 appears to have awoken after 647 days of dormancy, with funds headed towards crypto mixer Tornado Cash. The sudden move was highlighted on Mar 7 by cybersecurity firms PeckShield and CertiK on their respective alert accounts on Twitter. #PeckShieldAlert After 647 days, @UraniumFinance hacker started move 2250 ETH (~$3.35m) stolen funds into @TornadoCash. On April 28, 2021, the hacker drained approximately $50 million worth of tokens from Uranium’s “pair contracts”. https://t.co/mBhMxmAdS5 pic.twitter.com/OOF3R0w3ll — PeckShieldAlert…