The world’s biggest cryptocurrency, Bitcoin (BTC), is connecting more countries as the government of El Salvador is opening a “Bitcoin Embassy” in the United States. El Salvador, a country that adopted Bitcoin as legal tender in 2021, is expanding its Bitcoin strategy in a new partnership with the government of Texas. The intergovernmental collaboration aims
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. Joe Raedle | Getty Images After falling for five straight weeks, mortgage rates jumped last week, triggering a decline in mortgage demand. Total mortgage application volume fell 7.7% last week, compared with the previous week, according to the
press release PRESS RELEASE. NFEX has completed a $3 Million seed round led by ABCDE Capital and included investment from other well-known institutions including Amber Group and Firestone Ventures. NFEX strives to build the best derivative NFT market, creating new opportunities to attract greater liquidity to the NFT marketplace. What is NFEX? NFEX is a
Only 4% of the companies in Spain have managed to apply the metaverse to their operations, according to a survey conducted by ISDI, a national business school. 40% of the business managers surveyed have admitted that it is difficult for them to bring parts of their business to the metaverse in a significant way. Metaverse
Showing an interest in cryptocurrencies might be the key to attracting a romantic partner, according to a Valentine’s Day survey conducted by Binance. The cryptocurrency exchange carried out a global survey in the lead-up to the annual romantic holiday, with 2,600 participants weighing in on the importance of an interest in crypto in potential partners.
South Korea’s second-largest city, Busan, is making efforts to become a crypto hub. Busan has been designated by the Korean government as a “super-aged” city, and its officials believe that crypto could help turn things around by attracting young people, tech startups, and investors. South Korean City Wants to Become a Crypto Hub The second-largest
After a visit to El Salvador, the International Monetary Fund (IMF) suggested the country reconsider its plans to increase exposure to Bitcoin (BTC). The community responded to the IMF’s suggestion with various messages calling out the organization. From dismissing the IMF’s suggestion as a simple case of spreading fear, uncertainty and doubt, or “FUD,” to
Nicola Sturgeon has resigned as Scotland’s first minister and leader of the Scottish National party after a backlash over her strategy for securing independence and a fall in popularity over proposed gender laws. Sturgeon, who has led the SNP for eight years, told a press conference in Edinburgh that giving everything to the “best job
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Rightfulshare, an income equality advocacy movement, recently said it has launched what it describes as the “first unconditional” crypto universal basic income (UBI) transfer. According to Karen Jooste, the crypto UBI not only expands the possibilities for unemployed South Africans but also nurtures their entrepreneurial spirit. Fairer Income Access Rightfulshare, a movement advocating for equality,
Ether (ETH), the second-largest cryptocurrency by market capitalization, has seen a constant decline in exchange supply over the past six months post-Merge. The Ethereum network underwent a major upgrade in September 2022, moving from a proof-of-work (PoW) to a proof-of-stake (PoS) network in an event called the Merge. According to on-chain data shared by crypto analytics
Iranian-American billionaire Jahm Najafi is preparing a blockbuster $3.75bn takeover bid for Tottenham Hotspur, the Premier League football club, according to two people with direct knowledge of the plans. Najafi, who is the chair of MSP Sports Capital, is working with a consortium of investors to structure the bid and is weeks away from formally
Sterling weakened and UK government bonds rallied after UK inflation fell more than forecast to a five-month low, raising the chances that interest rate rises would pause sooner than investors had previously expected. Data on Wednesday showed UK inflation slowed to 10.1 per cent in January, more than expected. Core inflation fell to 5.8 per
Bitcoin (BTC) is headed to either $28,000 or $19,000 and this week could decide all, fresh analysis says. In Twitter comments on Feb. 15, popular trader, Skew, told followers that BTC/USD is now in a “pivotal area.” “Next big move” due for Bitcoin Despite returning above $22,000 on the back of the Feb. 14 United States
Wirex, a London-based digital payments company, has announced it has become a global partner of Visa, to allow the company to bring its card services to more markets in the world. The new partnership means that Wirex will be able to offer its crypto card services to APAC and U.K. markets. Wirex Partners With Visa
UK inflation slowed by more than expected to a six-month low in January, adding to growing evidence that price pressures have peaked. The annual rate of consumer price inflation declined to 10.1 per cent in January, the Office for National Statistics said on Wednesday, down from 10.5 per cent in December. Inflation hit a high
Craig Coben is a former senior investment banker at Bank of America and now a managing director at Seda Experts, an expert witness firm specialising in financial services. Investment bankers are having a difficult time. Dealmaking collapsed in 2022, job cuts are savage and remuneration is being chainsawed. The recent market recovery has given some
Ireland has abruptly shut down its decade-old programme offering residency in exchange for investment from rich global — especially Chinese — citizens following criticism of such schemes from the EU and other bodies. Ireland’s Immigrant Investor Programme, which has netted almost €1.25bn since its inception in 2012, soared in popularity last year, with the number
Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the digital currency as early as this year. Minister Says Ukraine Aims to Launch Digital Hryvnia Sooner Than
Allen & Overy is introducing an artificial intelligence chatbot to help its lawyers draft contracts, as the magic circle legal firm seeks to adopt the much-hyped technology to find efficiencies for its lawyers and clients. The London-based group told the Financial Times it had rolled out a chatbot named Harvey after testing it since November
In 2017, Eugenie Mathieu was a senior Greenpeace campaign strategist in New York, trying to stop ancient forests being chopped down to make toilet paper. A year later, she was back in her home city of London helping to run a natural capital investment fund at Aviva Investors, the asset manager. This is by no