EUR/USD 1.16689
0.380%
Gold 4209.83
0.098%
Oil 58.827
0.664%
USD/JPY 155.190
-0.432%
GBP/USD 1.33494
1.039%
GBP/JPY 207.174
0.619%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 4th, according to local media reports on the 3rd, American lawyer Dan Kovalik, representing the victims family, formally filed a complaint on December 2nd with the Inter-American Commission on Human Rights in Washington, D.C., regarding the alleged extrajudicial killing of a Colombian fisherman by the U.S. military in the Caribbean Sea. The complaint states that in September of this year, the U.S. military bombed a civilian vessel in the Caribbean Sea near Colombia, resulting in the death of Alejandro Carranza, who was piloting the vessel. This action by the U.S. constitutes an unlawful attack and seriously violates the provisions of the American Declaration of Rights and Duties concerning the right to life, the right to a fair trial, and due process of law.December 4th - Shipping data and documents released on December 3rd local time showed that Venezuelas oil exports rose slightly in November to approximately 921,000 barrels per day, the third highest monthly average so far this year. Data based on tanker movements indicates that the US military operation in the Caribbean has not disrupted Venezuelas oil imports and exports; Venezuelas crude oil and fuel exports increased by 3% last month compared to October. Oil exports to the US increased to approximately 150,000 barrels per day (from 128,000 barrels per day in October), while exports of Venezuelan petroleum by-products and petrochemical products also rose from 195,000 tons in October to approximately 277,000 tons. Imports of light crude oil and fuels more than doubled from 74,000 barrels per day in October to approximately 167,000 barrels per day.On December 4th, local time, a passenger plane operating a Moscow-Phuket route returned to Moscows Domodedovo Airport on December 3rd due to an engine fire. Air traffic control reported that there were over 400 passengers on board. The plane was reportedly preparing for landing soon, and the engine fire has been extinguished. The flight, operated by RedWings Airlines, was a Boeing 777-200 that took off from Domodedovo Airport at 9:19 PM, carrying 412 passengers and 13 crew members. Shortly after takeoff, the left engine caught fire, but the crew successfully extinguished the fire.Market news: Apples (AAPL.O) chief design officer, Alan Day, has been poached by Meta and will join Meta as chief design officer on December 31. Apple will replace Alan Day with senior designer Stephen Lemay.December 4th - According to the Wall Street Journal, documents show that US President Trump has proposed a significant reduction in fuel economy requirements until 2031, aiming for an average fuel economy of 34.5 miles per gallon by 2031, down from 50.4 miles per gallon under former President Bidens rule. The Department of Transportation estimates that the proposal would reduce the average upfront cost for vehicles by $900.

Banking Behemoth Barclays Buys a Stake in Crypto Firm Copper

Skylar Shaw

Jul 26, 2022 11:35

微信截图_20220726112600.png


One of the biggest banks in the UK, Barclays, has participated in a fundraising round for Copper and is anticipated to spend millions of dollars in the cryptocurrency company, which counts Lord Philip Hammond, a former chancellor of the exchequer, among its advisors.


The investment round for Copper, which offers custody, prime broking, and settlement services to institutional investors investing in cryptoassets, is expected to be completed in the coming days.

Delay of nine months

Despite the recent cryptocurrency meltdown wiping away roughly $40 billion in investor money and more than $2 trillion in market value, Copper has still been able to attract investment from one of the most reputable banks in the world.


Barclays, the world's largest bank, has finished the lengthy investor negotiations that had been put off since November of last year as Copper struggled with a temporary regulatory registration in the UK.


More precisely, the Financial Conduct Authority (FCA) mandates interim registration for digital asset service providers in compliance with money laundering laws. This implies that in order to operate, all crypto-asset enterprises must first seek full FCA registration.


However, Copper subsequently made the decision to become regulated in Switzerland as a result of the financial watchdog's refusal to accept its license registration.


Blockchain.com and Revolut are just two of the many companies that operate under the Temporary Registration Regime (TRR), and more than 100 businesses filed for registration when the FCA took over as the UK's anti-money laundering and counter-terrorism funding body in 2020.

Banking Megacorp

Bloomberg reports that although Barclays has made an undisclosed investment in the "millions of dollars," individuals with knowledge of the situation indicated last year that the funds might increase Copper's worth to around $3 billion. Additionally, the sources said they were uncertain whether the sum raised would be made public.


In 2015, Barclays became one of the first traditional banks to promote cryptocurrency when it started enabling charities to accept contributions made in Bitcoin (BTC) as a form of alternative payment.


However, the bank also has a murky history with cryptocurrencies, having prevented UK-based clients from sending money to Binance by forbidding them from paying the exchange using a credit or debit card. The restriction was implemented soon after the Financial Do Authority said that Binance Markets Limited was no longer permitted to conduct cryptocurrency business in the nation.


Similar to this, Barclays already severed connections with Coinbase and is no longer the bitcoin exchange's financial provider.


In a Series B fundraising round that included Illuminate Financial Management, LocalGlobe, and MMC Ventures and was co-led by Dawn Capital and Target Global last year, London-based Copper received $50 million.

Suggestion