Author: Press Room

Source: YouTube

The Terra Luna Classic price has dropped by 0.5% in the past 24 hours, with its current level of $0.00017176 representing a 2% increase in the past week and a 6% jump in the past fortnight. However, with its community still debating future improvements, and with the FTX collapse still weighing down sentiment, LUNC has dropped by 10% in the last 30 days.Assuming that the Terra Luna Classic community, its developers, and validators can agree on a strategy for restoring LUNC to its former value, there’s every chance that the altcoin could enjoy a strong run during the next bull…

The top Japanese financial regulator has stated that it intends to police “algorithmic stablecoins.” And the South Korean central bank also wants the power to regulate fiat-pegged tokens.The Japanese Financial Services Agency (FSA) this week released presentation materials for a lecture conducted by Tomoko Amaya, its Vice Minister for International Affairs. The materials were presented last month at a crypto-themed summit of the Official Monetary and Financial Institutions Forum, the FSA revealed in a press release.The presentation was entitled “Regulating the crypto assets landscape in Japan.” It focused heavily on past and present regulatory efforts. But Amaya ended by echoing…

Source: YouTube

One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building on 14th October 2022 in London, United Kingdom.Mike Kemp | In Pictures | Getty ImagesThe U.K. government on Friday announced extensive reforms to financial regulation that it says will overhaul EU laws that “choke off growth.”The package of 30 measures includes a relaxation of the rule that requires banks to separate their retail operations from their investment arms. This measure — first introduced in the wake of the 2008 Financial Crisis — would not apply to retail-focused banks.The government also…

Peru’s President Pedro Castillo has accused his opponents of undermining democracy as he faces the third impeachment effort of his embattled presidency. Castillo, who began a five-year term in July 2021, is expected to appear in impeachment proceedings starting on December 7, to respond to accusations of “moral incapacity”. Peru’s Congress issued a summons for the sitting president last week. Facing a congressional vote that may remove him from office, Castillo rejected the allegations of corruption in a speech on Tuesday, instead accusing his rivals of trying to “blow up democracy and disregard our people’s right to choose”. A former…

Millions of Australian households will soon be the beneficiary of a $1.5 billion plan by the Albanese Government to ease skyrocketing energy bills. Prime Minister Anthony Albanese announced the plan after Friday’s National Cabinet, which met virtually to discuss Australia’s worsening cost of living crisis. The Commonwealth will provide up to $1.5 billion of support to households and businesses which will be paid through state governments by directly reducing people’s bills.  Bill relief will be provided directly as a credit on recipients’ power bills. The relief measures are targeted at households receiving income support, pensioners and Commonwealth Seniors Card holders, Family Tax Benefit recipients…

Romanian President Klaus Iohannis has blasted Austria for single-handedly blocking his country’s accession into the EU’s passport-free Schengen Area, calling the move “inexplicable,” “regrettable” and “unjustified”.”A single member state chose to ignore these realities and block European unanimity, in an inexplicable way that is difficult to understand for the entire European Union,” Iohannis said in a reaction statement, a translated copy of which was shared with Euronews.”The regrettable and unjustified attitude of Austria in (Thursday’s) meeting risks affecting European unity and cohesion, which we need so much, especially in the current geopolitical context,” he added, referring to Russia’s war in Ukraine.In a high-stakes…

Romanian President Klaus Iohannis has blasted Austria for single-handedly blocking his country’s accession into the EU’s passport-free Schengen Area, calling the move “inexplicable,” “regrettable” and “unjustified”.”A single member state chose to ignore these realities and block European unanimity, in an inexplicable way that is difficult to understand for the entire European Union,” Iohannis said in a reaction statement, a translated copy of which was shared with Euronews.”The regrettable and unjustified attitude of Austria in (Thursday’s) meeting risks affecting European unity and cohesion, which we need so much, especially in the current geopolitical context,” he added, referring to Russia’s war in Ukraine.In a high-stakes…

Asian stocks climbed higher on Friday, as wide-ranging relaxations to China’s strict zero-Covid policies boosted investors’ hopes that the world’s second-biggest economy would reopen early next year.Hong Kong’s Hang Seng index added 2.3 per cent and has now risen more than a fifth in the past month, with all sectors apart from healthcare stocks in positive territory in early afternoon trading.The Hang Seng Mainland Properties index, which tracks some of China’s largest developers, rose 9.9 per cent, bolstered by Beijing’s recent moves to end a ban on equity refinancing and extend $162bn in loans through state banks. Country Garden, the…