Shares of H&M dropped by more than 14% on Thursday morning after the company reported a smaller-than-expected increase in second-quarter profits. The disappointing earnings report also raised concerns about the retailer’s June sales and its ability to meet full-year profit margin targets.
In its latest report, Sweden’s Riksbank stressed the necessity for extensive technical and regulatory development to ensure secure offline payments with e-kronas. Sweden’s central bank, Riksbank, cautioned in its recent research note on CBDCs about the potential risks associated with…
The EU's Digital Finance Package proposal, known as DAC8, has recommended that crypto asset service providers report their clients' transactions to help combat tax-related criminal activities.
Corite is a Web3 engagement platform designed to help artists raise funds. Corite has raised over $1 million for its artists through Fan Campaigns so far. It currently has over 100,000 users. Corite, the Swedish music-tech startup, will host a sale of NFTs that let fans get a share of British rapper Central Cee’s hits.
Sweden is doing away with tax incentives for data centers come July. This decision could affect bitcoin (BTC) miners who had turned to Nordic country to increase their profitability