A Judge of a High Court in Uganda recently dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s crypto prohibition does not amount to an infringement on property rights. Cryptocurrency an
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The omni-talented entertainer Barry Humphries died over the weekend. On Monday, his native Australia announced a new and enhanced defence posture. One way of engaging with the world as a middle power is fading. Another has just started. In the middle of the last century, Humphries, Germaine Greer, Clive James and Robert Hughes brought their
The trappings of Joe Biden’s office were on full display in the days leading up to his re-election announcement: he spent the weekend at the presidential retreat Camp David, had lunch with his vice-president Kamala Harris at the White House and held an event in the Rose Garden to honour US teachers. With the Marine
Joe Biden has announced he will seek a second term in the White House, ending months of speculation and firing the starting gun on a 2024 re-election campaign that could result in a rematch of his 2020 clash with Donald Trump. In a video posted to social media on Tuesday that sought to depict him
Covid turned many Americans into homebodies, according to the Research Institute for Cooking and Kitchen Intelligence. In its recently released “RICKI 2022 Changes Driven by the Pandemic” survey sent to more than 1,000 homeowners, the research consultancy sought to learn how respondents’ pandemic experiences impacted their relationships with their homes, especially in the kitchen, what
The UK government borrowed £139.2bn in the 2022-23 financial year, significantly less than official forecasts, in a development that opens the way to possible tax cuts later in the year. The borrowing figure, published by the Office for National Statistics on Tuesday, was £13.2bn less than forecast last month — largely because of lower than expected
Global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments. Cuy Sheffield, head of crypto at Visa, took to Twitter on April 24 to announce a new cryptocurrency-related project developed by the firm. Visa’s upcoming crypto product is designed to drive mainstream adoption of
South Korean president Yoon Suk Yeol is set to receive a warm welcome in Washington this week, spending two days with his US counterpart Joe Biden on a state visit that will underline Seoul’s position on the front lines of US economic and security concerns in Asia. South Korea’s manufacturing muscle and expertise in semiconductors
Changshu, a city in China with more than 1.5 million inhabitants, will pay public workers’ wages with the Chinese central bank digital currency (CBDC), the digital yuan. The move marks an acceleration of the adoption plans that Beijing has for the digital currency, which has been included in some limited programs before. Public Employees in
Bitcoin (BTC) is keeping everyone on their toes when it comes to price trajectory — where will it go next? BTC price down 10% after bad week After a week in which BTC/USD fell by 10%, sentiment is getting a reset and traders are eyeing key support levels closer to $25,000. At the same time,
Covid turned many Americans into homebodies, according to the Research Institute for Cooking and Kitchen Intelligence. In its recently released “RICKI 2022 Changes Driven by the Pandemic” survey sent to more than 1,000 homeowners, the research consultancy sought to learn how respondents’ pandemic experiences impacted their relationships with their homes, especially in the kitchen, what
UK citizens trapped by the fighting in Sudan are to be offered flights out after London announced on Tuesday an evacuation operation from near the capital Khartoum. The move comes after Prime Minister Rishi Sunak had faced mounting pressure to rescue the roughly 4,000 UK nationals caught up in fighting between two rival generals. “UK
UBS’s wealth business attracted $28bn of new money in the first quarter, as the Swiss bank benefited from the deepening crisis at Credit Suisse that led to its takeover of the stricken rival. In first-quarter results released on Tuesday, UBS said $7bn had flowed into its wealth arm after it agreed to rescue Credit Suisse
Asian stocks sold off sharply on Tuesday with investors growing increasingly nervous about the extent of China’s recovery and potential US restrictions on investments in the world’s second-biggest economy. China’s CSI 300 index dropped 0.8 per cent, taking its decline since last Tuesday to more than 5 per cent. Hong Kong’s Hang Seng index slipped
There is a reason banks do not align the duration of assets and liabilities. First Republic’s first quarter results show a decent asset tally of assets, totalling $233bn. That was nearly 10 per cent higher than three months ago. The gross liabilities of the US regional bank made a similar jump. Its problem is the
The governor of the Zimbabwean central bank, John Mangudya, recently revealed that his institution is planning to introduce a gold-backed digital currency. According to the governor, the soon-to-be-introduced gold-backed digital currency is expected to help diminish local residents’ demand for the U.S. dollar. Taming High Demand for the US Dollar The Zimbabwean central bank has
A freshly unsealed indictment has charged five individuals with “conspiring to manipulate the market” in relation to an alleged scheme involving the ERC-20 Hydro (HYDRO) token. An April 24 statement from the United States Department of Justice (DOJ) said the indictment charged three people for conspiring to manipulate the market for Hydro. Two other individuals
Good morning. The EU and Japan have pushed back against a US proposal for the G7 countries to ban all exports to Russia, officials told the Financial Times, arguing that the measure is unfeasible. Today, I highlight the power of European unity on Sudan evacuations and condemnation of Chinese disrespect (but not on Ukrainian ammunition),
Ethereum staking withdrawals have entered their third “round,” but Ethereum (ETH) staking deposits have were almost equal, according to the data from the analytics platform Nansen. Ethereum staking withdrawals started ramping up for the third time on April 24 and into April 25. According to Nansen, the crypto exchange Kraken was responsible for a large
Chainlink’s (LINK) low-latency oracles will integrate with the decentralized exchange (DEX) GMX following a successful governance proposal that sought to provide more “granular” real-time market data to GMX v2. Voting ended on April 25 at 12:00 am UTC with over 96% of participating GMX token holders voting in favor of the proposal. The new Chainlink
In 2006 the London Stock Exchange scoffed at the overseas suitors casting eyes in its direction. At the time, bourses in Europe were locked in a dizzying dance of potential marriages. Several of the biggest had already united to form Euronext. Germany was trying to position itself as a global leader. Supersized US rivals were