Author: Press Room
Source: AdobeStock / Kal’vānEthereum may be far younger than the traditional payments giants, such as Visa, but it has shown (yet again) that blockchain, in a single decade, developed into a force to be reckoned with. As a payment technology, blockchain has grown as much as to rival established players. Recent data from Coingraph has shown that Ethereum, for example, processed $3.01 trillion in transactions, as opposed to Visa, which processed $3.08 trillion.It is a testament to the growth in mainstream adoption of the nascent technology, which is often perceived – sometimes nearly exclusively – as a vessel for scammers, drug…
© Reuters. Investing.com – With 52% of the votes, Recep Tayyip Erdogan has been confirmed as Turkey’s president until 2028, beating opposition leader Kemal Kilicdaroglu, who garnered just under 48% of the votes, in the second round. Speaking after the victory, Erdogan, now a ‘sultan’ in Turkey for 20 years, called on the people to put aside all debates and conflicts regarding the election period and unite around their national goals and dreams. Erdogan said they were not the only winners, and that the real winners are Turkey and its democracy. Kilicdaroglu, on the other hand, called the elections the…
CNN — President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending. The bill text was released on Sunday evening, but the work is far from done. Now leaders in both parties have to convince enough of their members to vote for the deal, which contains provisions that lawmakers on each side of the aisle don’t support. Read the bill text:
TransAlta renews share repurchase program
(Photo by Drew Angerer/Getty Images)Getty Images Key Takeaways White House officials and lawmakers have reached a deal in principle to raise the U.S. debt ceiling and avoid default The deal, which still has to pass in Congress, raises the debt ceiling and introduces spending cuts Coming this close to the brink of a US default may have lingering economic consequences It’s a good time to reevaluate your portfolio to minimize risk This weekend saw an agreement between The White House and Congress to raise the US debt ceiling and avoid what experts forecasted as certain economic catastrophe resulting in higher…
man in red long sleeve shirt standing on gray rock formation during daytimeTulove Grede, Velebit Even though it’s been nine years since I paid off my $40,000 student loan debt, I still vividly remember that time. I lived as frugally as possible and went to extreme lengths to put as much of my paycheck toward my debt, and there were so many times during that period when the grind of it felt almost too much to bear. My wife and I were living with her parents with virtually no privacy, my car was an old beater, my clothes were old…
Swedish property company SBB is considering options including an outright sale as the group at the heart of the Scandinavian country’s debt-fuelled real estate battles for survival.The board of Samhällsbyggnadsbolaget i Norden (SBB) said on Monday that its strategic review of the company had been expanded to include a sale of the whole group or parts of it but would not include a share issue.The embattled Swedish landlord is fighting against a cocktail of higher interest rates, falling property prices and tighter bank lending. Fitch became the second credit rating agency after S&P to cut SBB to junk status over fears about…
© Reuters. FILE PHOTO: An aerial view shows a cityscape in Bangkok, Thailand January 27, 2023. REUTERS/Ilan Rosenberg By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy is on a solid path to recovery and showing resiliency, helped by good revenue collection and a normalisation of its tourism sector, while inflation should come in below 3% this year, its finance minister said on Monday. Southeast Asia’s second-largest economy expanded faster than expected in the first quarter of this year due to a revival in its vital tourism sector. The economic recovery has been supported by a comprehensive and…
Ripple‘s investment partner Tranglo has revealed a significant move, collaborating with Al Ansari Exchange. Al Ansari is the largest forex and remittance firm in the United Arab Emirates (UAE). The UAE-based remittance firm boasts an enormous client base (of over three million) and completes approximately 130,000 transactions daily. Such figures show the exchange holds a massive position within the marketplace. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Tranglo stretches its footprints The collaboration represents a massive step for Tranglo’s expansion plans in the Middle East. Remember, the United Arabs Emirates is the…
Source: TradingViewThe Bitcoin price has risen by 2.5% in the past 24 hours, with its move to $27,896 helping the cryptocurrency market overall to gain by 2% in the same space of time.BTC is now up by 4% in a week but down by 5% in the last 30 days, although its gain today means it has risen above its 21 weekly EMA (exponential moving average), suggesting that more increases are in store.Its rise also signals potential rallies for lower cap altcoins and meme tokens, given that such cryptocurrencies tend to follow Bitcoin’s lead.And with Republican lawmakers agreeing a deal…