El Salvador’s bonds due in 2027 have gained 62% in the last six months as the country finds itself on a better financial footing. Original
El Salvador's Bonds Surge 62% Amid Bitcoin's ETF-Driven Rally
Month: July 2023
Helping public organisations to get information access right
Deborah Clark is the ICO’s Upstream Regulation Manager In ICO25, we established our strategic enduring objective to promote openness, transparency and accountability. This also supports the Commissioner’s duty under section 47 of the Freedom of Information Act (FOIA) to ‘promote the following of good practice by public authorities’ in relation to FOIA and its Codes of Practice. To achieve this, we know that we need to support public authorities to perform in line with their statutory duties and prevent breaches of access to information legislation from occurring in the first…
Terraform Labs appoints new CEO from existing team: Report
As the co-founder of Terraform Labs, Do Kwon, is facing possible extradition to South Korea or the United States from a jail cell in Montenegro, the company has appointed a new CEO. Kwon still remains the principal shareholder of Terra. According to The Wall Street Journal, U.S. citizen Chris Amani is Terra’s new CEO. Amani has worked for Terra since 2021, serving as a chief operating officer and chief financial officer. Before that, he was a CEO at the scheduling solution provider Humanity. According to Amani’s LinkedIn, he’s been working…
Unibot (UNIBOT), Wagiebot (WAGIEBOT), and Bolt (BOLT) Tokens Surge as Telegram Bots Become Latest Money Sink
“Main problem w/ trading on-chain is terrible UX, unibot allows you to easily market buy/sell w/ 1 telegram command,” writes popular Crypto Twitter trader @blknoiz06. “Trading directly through telegram is great for fast swaps, scalps, etc,” explains @0xKawz, another trader. Source
Kuwait bans crypto and virtual assets transactions
The state of Kuwait is the latest jurisdiction to ban virtually all operations involving cryptocurrencies like Bitcoin (BTC). On July 18, Kuwait’s main financial regulator, the Capital Markets Authority (CMA), issued a circular on supervision and issuance of virtual assets in the country. In the circular, the CMA confirmed the commitment to “absolute prohibition” on major use cases and operations involving cryptocurrencies, including payments, investments as well as mining. The circular also bans local regulators from issuing any licenses allowing firms to provide virtual asset services as a commercial business.…
FTX, Alameda Seeks to Recover $71M from FTX’s Philanthropic, Life Science Arms
They made the transfers to life science companies like Lumen Bioscience Inc. and Platform Life Sciences Inc. under the guise of effective altruism, a philosophy espousing the transfer of wealth from affluent individuals to those in financial need, the filing shows. But, helping the less fortunate wasn’t the charitable arms true purpose, the firms’ lawyers said. Source
Bitcoin (BTC) Spot ETFs Could Bring $30B in New Demand: NYDIG
“The brand recognition of BlackRock and the iShares franchise, familiarity with purchase and sale methods through securities brokers, and simplicity of position reporting, risk measurement, and tax reporting, a spot ETF could bring some noted benefits compared to existing alternatives,” NYDIG writes in its report. Source
Myanmar’s shadow government backs launch of crypto-based bank
Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding. The Spring Development Bank is named after the Spring Revolution, the opposition movement led by Myanmar’s exiled National Unity Government (NUG) against the ruling State Administration Council (SAC) — a military junta that seized control of the country in February 2021. The bank’s target demographic isn’t just the 55 million Burmese living in Myanmar, but also the two-million-strong…
XRP Moving Above ‘Cloud’ Resistance Sets Bullish Precedent for Bitcoin (BTC): Analyst
The Ichimoku Cloud, a technical analysis indicator created by Japanese journalist Goichi Hosoda in the late 1960s, is widely used by traders and analysts to identify support and resistance levels and gauge trend changes. The indicator comprises five lines based on the price’s moving averages: Leading Span A, Leading Span B, Conversion Line or Tenkan-Sen (T), Base Line or Kijun-Sen (K) and a lagging closing price line. The spread between the Leading Span A and the leading Span B represents the cloud. Original
Moxy launches token sale, ‘Battle of the Influencers,’ and esports platform
Moxy.io, an esports platform, held a triple launch for its Moxy platform, MOXY–its native token, and a battle among top internet influencers on July 15. Moxy.io’s triple launch The launch marked the introduction of Moxy’s platform, a blockchain-powered platform that allows interested participants of the GameFi space, not just esports professionals, to play their favorite games competitively and earn rewards. The event also featured the public sale of the native token, MOXY, allowing gamer enthusiasts and potential investors to join the Moxy ecosystem. Moreover, those participating in esport competitions for…