June 17, 2022

War-ravaged Ukraine moves a step closer to joining the European Union

War-ravaged Ukraine moves a step closer to joining the European Union

KEY POINTS The opinion from the commission, the executive arm of the EU, comes ahead of high-level discussions in Brussels, Belgium about Ukraine’s potential membership. It is the first step in what is set to be a long and difficult road for Ukraine. Even with the commission’s backing, it will likely be years before member …

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THIRD LARGEST RUSSIAN OIL COMPANY GAZPROMNEFT PARTNERS WITH BITRIVER TO MINE BITCOIN

THIRD LARGEST RUSSIAN OIL COMPANY GAZPROMNEFT PARTNERS WITH BITRIVER TO MINE BITCOIN

Gazpromneft, the third-largest oil producer in Russia, is partnering with Swiss-based bitcoin mining company BitRiver to mine bitcoin with excess resources. Russia’s third-largest oil producer, Gazpromneft, is entering the bitcoin mining space. Gazpromneft will be partnering with Swiss-based bitcoin mining firm BitRiver to deliver energy resources to new and remote oil field locations. BitRiver was …

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Musk Sees Logic for Twitter as a Crypto Payments Platform

Musk Sees Logic for Twitter as a Crypto Payments Platform

The Tesla CEO has agreed to purchase Twitter for about $44 billion and spoke Thursday at an all-hands meeting for the social network company. Billionaire Elon Musk said it “makes sense” to integrate digital payments into Twitter (TWTR). “Money is fundamentally digital at this point and has been for a while,” Musk said, speaking at …

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Swiss luxury watchmaker TAG Heuer introduces NFT-enabled smartwatch

Swiss luxury watchmaker TAG Heuer introduces NFT-enabled smartwatch

Watches, blockchain and NFTs combine with the launch of TAG Heuer’s new luxury wearable. Watchmaker TAG Heuer has partnered with the well-known nonfungible token (NFT) community surrounding Bored Ape Yacht Club and CLONE-X to create a smartwatch that displays NFTs and connects to crypto wallets such as MetaMask and Ledger Live. The company says that the functionality …

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Huobi to Cease Operations in Thailand After SEC Revokes License

Huobi to Cease Operations in Thailand After SEC Revokes License

The Thailand subsidiary of the Huobi cryptocurrency exchange had its operating license revoked by the country’s Securities and Exchange Commission (SEC) for failing to comply with the system security requirements laid down by the regulator. The license had come into effect on May 17 and the trading platform has been given until July 1 to …

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Bill Presented in Brazil Seeks to Include Crypto as Approved Means of Payment

Bill Presented in Brazil Seeks to Include Crypto as Approved Means of Payment

A new bill presented in Brazil is trying to introduce bitcoin and other cryptocurrencies as an approved means of payment in the country. The bill, presented by Federal Deputy Paulo Martins, proposes to amend already existing regulations to include several dispositions that would allow cryptocurrency payments and investments to be officially supported. New Bill Proposes …

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