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German Chancellor Merz: Germany does not want to pay the price for other European countries.German Chancellor Merz: Does not support joint issuance of Eurobonds.February 13th - Sources familiar with the matter revealed that European companies seeking to expand their scale and enhance their competitiveness against non-EU rivals through acquisitions may see increased regulatory approvals when the deals involve a pan-European scale. The European Commission is planning to clarify the approval criteria for transactions when revising the merger and acquisition rules established in 2004. The draft revisions will be released for public comment in the spring, after which regulators will implement the changes. The EUs proposal to encourage more pan-European mergers and acquisitions comes at a time when companies, particularly telecom operators, are calling for relaxed EU merger and acquisition rules to facilitate expansion. Regulators want to promote pan-European mergers and acquisitions, rather than just inter-country deals aimed at increasing the market share of a few companies. Sources said that regulators will focus on five key benefits of mergers and acquisitions when evaluating transactions: innovation, sustainability, resilience, investment, and jobs. They indicated that companies citing innovation as a justification will be more likely to receive approval, as other factors are more difficult to quantify.German Chancellor Merz: With its strong economy and industry, Germany is able to cope with geopolitical realities.Sources indicate that the EU is comprehensively revising its merger and acquisition rules to facilitate pan-European deals. EU antitrust regulators will consider innovation, sustainability, resilience, investment, and jobs when assessing mergers and acquisitions.

Indonesian Crypto Exchange Ensures Compliance With Biometric Security-Based Wallet

Cory Russell

May 11, 2022 10:37

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According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


Bitcoin, which accounts for roughly 40% of the cryptocurrency market, fell to a 10-month low on Tuesday before rebounding to $31,450, only six days after hitting $40,000. It was down more than 54% from its all-time high of $69,000 on November 10th.


Prices of digital assets have fallen, reflecting a drop in stocks on worries of aggressive interest rate rises throughout the world to combat decades-high inflation. The Nasdaq, which is heavily weighted in technology, was down 28% from its all-time high in November 2021.


According to CoinMarketCap, the total crypto market worth was $2.2 trillion on April 2, down from an all-time high of $2.9 trillion in early November.


"Bitcoin remains closely tied to larger economic circumstances, implying that the road ahead may regrettably be bumpy, at least for the time being," stated blockchain data firm Glassnode in a note.


Investors were also alarmed by signs of weakness in stablecoins, which are normally a safer crypto currency. TerraUSD, the fourth-largest stablecoin in the world, lost a third of its value on Tuesday after losing its dollar peg.


According to a study issued on Monday by digital asset management Coinshares, despite bitcoin's price drop, funds and products related to it saw inflows of $45 million last week as investors took advantage of market weakness.


"An enormous amount of liquidity has inflated some of these cryptocurrencies," said Nordea Asset Management's senior macro analyst, Sebastien Galy. As various central banks tighten their monetary policies, he expects crypto, which is also tied to high-growth equities, will face pressure.

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