McFinance Newsletter

 Hello McFinancers! The latest in financial news: an article about SWIFT helping countries and banks with connecting CBDCs, the rise of meme coins, and the testing of computer-brain interfaces. SWIFT Helping CBDC Interoperability This week, a notable development emerged in the realm of financial technology: SWIFT (Society for Worldwide Interbank Financial Telecommunication) revealed its collaboration with governments and banks to foster interoperability among various Central Bank Digital Currencies (CBDCs). SWIFT's efforts encompass refining both the technological infrastructure and communication protocols while ensuring strict adherence to anti-money laundering laws and sanctions. The surge in interest among bankers in CBDCs can be attributed to the influence of Bitcoin. Recognizing Bitcoin's ability to facilitate near-instantaneous, verified transactions operating round the clock, bankers envision blockchain technology as a catalyst for transformative change within the bankin...

 Hello McFinancers! The latest in financial news: two European Central Bankers believe that the value of Bitcoin is zero, Nvidia exceeded their earning report this week, and is the future of infrastructure decentralized. European Central Bankers Says Bitcoin Is Worthless In recent weeks, two officials from the European Central Bank, Ulrich Bindseil and Jürgen Schaaf, have expressed their belief that Bitcoin holds no intrinsic value. Their argument revolves around Bitcoin's failure to achieve its original goal of becoming a decentralized currency, citing its comparatively sluggish transaction speeds, criminal use, and fraud. Its transaction speed is much slower in contrast to centralized entities like Visa and Mastercard. The officials have further contended that Bitcoin is frequently exploited for fraudulent activities. Criminals have always used the latest technology in schemes. They were able to counterfeit the US dollar for years but that didn’t prevent the people from using the...

 Hello McFinancers! We hope everyone had a wonderful Christmas and New Year. As with every new year, people create goals they want to achieve during the year. A simple and beneficial goal is to read the McFinance Newsletter once a week to learn about current events. The latest in financial news: The Bitcoin ETF is one step closer to getting approved, the Bank of Spain looks to create its own CBDC, new shipping lanes may be more beneficial with trouble in the Red Sea, and recent bills in Oklahoma and Missouri look to eliminate state capital gains taxes on gold and silver. Bitcoin ETF Over this past week, the institutions interested in creating a spot Bitcoin ETF have until 08 January 2024 to file their Form S-1 to the SEC. The S-1 form is a request to the SEC to offer initial public offerings (IPOs) for a new security. This is usually the last step before an ETF is approved. With so much news focused on the spot Bitcoin ETF, there has been interest in the Ethereum ETF as well. With ...