The European Central Bank has raised interest rates by half a percentage point — its first increase for more than a decade — while pledging to prevent rising borrowing costs from sparking a eurozone debt crisis amid political turmoil in Italy. The central bank increased interest rates by twice as much as it said it
Individually identifiable digital representations of blockchain-based tangible or intangible objects called nonfungible tokens (NFTs) are not typically divided into smaller parts. Instead, structured metadata related to actual or virtual things is represented by NFTs. Often, the tokens are not connected to the objects and serve as distinct identifiers, advancing the interoperable commercialization of the physical
press release PRESS RELEASE. Franck Muller, the world-famous Swiss luxury watchmaker, has announced the release of a series of digital wearables and physical watches on the Binance NFT marketplace. The series will commence with the release of ‘Mystery by Franck Muller’ generative NFTs on July 27, 2022. This marks a continuation of Franck Muller’s pioneering
Armed robbers have plundered a large crypto mining facility not far from the Russian capital, local media reported. The unidentified perpetrators stole dozens of video cards in the latest incident involving theft of coin minting hardware, which has been on the rise in Russia. Unknown Attackers Steal Mining Equipment From Crypto Farm in Russia A
Britain needs new economic rules of thumb. The old norms and assumptions are not remotely adequate for a world with severe shocks to the supply of gas and other commodities, high inflation and extremely low rates of underlying productivity growth. In the past, the shortcuts most economists have used to describe a complex and dynamic
Bitcoin (BTC) staged its first test of critical support on July 21 as news that Tesla had liquidated most of its Bitcoin holdings subsided. Bitcoin bulls attempt to flip key trendline to support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD focusing on the $22,800 zone after dropping from multi-week highs of $24,280 on Bitstamp.
Passport, sunglasses, beach towel and Bitcoin (BTC)? A BTC enthusiast on vacation demonstrated that the world’s largest cryptocurrency could soon become a holiday essential. Eugenio, a Costa Rican Bitcoin maximalist, paid his way on holiday with just Bitcoin in his wallet during a long weekend on Costa Rica’s Pacific coast. A hotspot for Bitcoin adoption
On July 20, 2022, Mojang Studios the Swedish video game developer behind the world’s best-selling game of all time said blockchain or non-fungible token (NFT) technologies are “not permitted to be integrated inside [Mojang’s] client and server applications.” Mojang stressed that NFTs or any use of blockchain tech cannot be integrated into any “in-game content
The developers of the Dogecoin (DOGE) project have released a new update for the core software, which improves security, efficiency and user interface. This latest update, Dogecoin Core 1.14.6, went live early on Thursday, and all the network participants were urged to upgrade to the latest version. The new update comprises numerous security fixes, modifications
Thailand’s oldest bank is unable to acquire the country’s largest local cryptocurrency exchange due to stringent crypto regulations. As reported by Cointelegraph in November 2021, SCB X Group, a subsidiary of Siam Commercial Bank (SCB), was set to acquire a 51% stake in Bitkub by the second quarter of 2022 as part of a plan to
Foreign secretary Liz Truss on Thursday slammed Tory leadership rival Rishi Sunak as “the continuity economic policy candidate”, claiming he took the UK economy in the “wrong direction” when he was chancellor. In a sign of the gloves-off nature of the final contest to become leader of the Conservative party, Truss promised to hold an
Apathetic Nigerian lenders are frustrating the e-naira’s adoption because they are worried this could deprive them of a key revenue source, Godwin Emefiele, the Central Bank of Nigeria (CBN) governor, has said. Emefiele said the central bank is working on a channel that would enable Nigerians without bank accounts to open e-naira wallets. E-Naira Undercuts
Germany and its European partners heaved a collective sigh of relief on Thursday as Russia resumed partial gas supplies through a critical pipeline to Europe after a 10-day maintenance period. Nord Stream 1, which runs under the Baltic Sea between Russia and Germany, had been shut down for repairs, but many in Berlin and Brussels
This article is an online version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday. It took five ballots but she got there eventually: Liz Truss has secured the all-important second slot alongside Rishi Sunak. The two politicians are now gunning for support from Conservative
Italian prime minister Mario Draghi has resigned, ending a national unity government formed to tackle unpopular reforms and spelling trouble for Europe at a time of acute economic challenges. In a statement, President Sergio Mattarella’s office on Thursday said that Draghi would remain in charge of current affairs. Mattarella is now expected to dissolve parliament
According to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035) have a credit default swap spread that is higher than Ghana’s at 2,071 bps. El Salvador Has
The Asian Development Bank has cut its growth forecast for China due to concerns over the country’s zero-Covid approach and strict lockdowns, which put even more pressure on the real estate sector. Gross domestic product growth for the world’s second largest economy is expected to be at 4% in 2022, down from an earlier estimate
Cybersecurity specialists have welcomed a new trial by the Australian Competition and Consumer Commission (ACCC) to automatically take down scam websites. The trial saw dozens of scam sites, including crypto scams, knocked offline after more than 300 were reported. The ACCC reported that Australians had lost $113 million in cryptocurrency scams last year. The new trial
Criminals that used cryptocurrency as part of committing a crime are more likely to receive a tougher sentence in Australian courts, a new study has found. The study, titled “Crime and Cryptocurrency in Australian Courts,” published on Monday in the Monash University Law Review, found that the use of cryptocurrency in criminal activity was seen
German investment platform Trade Republic and digital asset exchange Crypto.com have registered as crypto service providers in Italy. Since February, the financial authorities in Rome maintain a registry for all cryptocurrency platforms permanently operating in the country. More Companies Register as Providers of Crypto Services in Italy Germany-based investment platform Trade Republic and Singapore-headquartered digital