The Future of Cryptocurrency: Circle’s Milestone in France Circle Breakthrough Cryptocurrency firm Circle has achieved a significant milestone by securing registration as an electronic money institution (EMI) in France. This move grants Circle a crucial license to operate as a compliant stablecoin issuer under the European Union’s rigorous crypto laws. According to a CNBC report,…
Tragedy Strikes Near Seoul City Hall At least nine people were killed and four others were injured when a car struck pedestrians near Seoul city hall on Monday, police said. There were six fatalities at the scene, while three others were pronounced dead after being rushed to hospital, firefighter Kim Chun-soo said. South Korea’s Yonhap…
A Who’s Who of Vanuatu’s Financial Industry Convenes to Discuss New VASP License The Symposium at Port Vila’s Warwick Le Lagon Resort A gathering of prominent figures in Vanuatu’s financial industry, as well as its regulators, recently took place at Port Vila’s Warwick Le Lagon resort on June 27. The purpose of the meeting was…
Metaplanet acquires more Bitcoin as market rebounds to $63k Quick Take On July 1 Metaplanet acquired an additional 20.195 Bitcoin, bringing its total holdings to 161.26 Bitcoin. The company spent 200 million yen ($1.24 million) on its latest purchase, with an average price of 9,903,441 yen ($61,506) per Bitcoin. The acquisition is part of Metaplanet’s…
Ugandan Government’s Budgetary Allocation: A Concern for Economic Growth In a concerning development for Uganda’s economy, the government’s recurrent expenditure overshadows capital expenditure, hindering the provision of infrastructure, investments, and potentially impeding economic growth. When recurrent expenditure exceeds capital expenditure, it creates an imbalance that has consequences for employment rates, infrastructure development, and overall economic…
IOTA 2.0 Testnet Launch: Exciting Developments Ahead The Community’s Anticipation IOTA 2.0 is thriving with a thrilling new project in development. The community eagerly anticipates the testnet debut, with significant advancements underway. Following the shedding of 2.55% in the past day of when the IOTA 2.0 Testnet Launch reported by CNF, signaling a growing interest…
Introduction On Friday, we received further encouraging data on inflation from the US. The US May core PCE came in at +0.1%, matching expectations. However, HSBC, in their most recent ‘global outlook’ note, offered a more cautious perspective. They anticipate that the pace of improvement in inflation will be gradual and uneven moving forward. This…
Only Jill Biden Can Influence the US President’s Decision to Drop Out A Debate Debacle Oh, the drama! In a recent turn of events, NBC has reported that only Jill Biden can influence the US president’s decision on whether to drop out of the campaign after the debate debacle. Talk about pressure! A Behind-the-Scenes Look…
