Time and money are largely interchangeable terms. - Winston S. Churchill

Europe

France to tighten rules for registering cryptocurrency companies

France to tighten rules for registering cryptocurrency companies

From January next year, cryptocurrency companies will face a tougher list of requirements to obtain a license in France. In particular, applicants will have to comply with rules regarding possible conflicts of interest. Conflict of interest, internal controls and cybersecurity clauses have been added to the list of requirements for

Spain opens rehabilitation centre for crypto-traders

Spain opens rehabilitation centre for crypto-traders

Spanish rehabilitation centre The Balance has added a treatment programme to tackle crypto-trading. A week's stay at The Balance will cost between €25,000 and €75,000 depending on the programme. Experts believe that for a successful outcome, you need to give up trading for at least 4 weeks.

Chainalysis

Chainalysis

Chainalysis' annual crime report reveals a new consolidation of cryptocurrency-based money laundering services. Only five cryptocurrency exchanges now allow cryptocurrency to be traded to launder money for real dollars, euros and yen. They process nearly 68% of all black market cash-out transactions.

CleanSpark to increase capacity of purchased mining centre by 50MW

CleanSpark to increase capacity of purchased mining centre by 50MW

Mining company CleanSpark has begun construction of the second phase of its data centre in Washington, D.C. (Georgia, USA). The capacity of the previously acquired facility will increase by 50 MW. In August 2022, CleanSpark bought an operating bitcoin mining facility from WAHA Technologies for $16.2 million. The

Major U.S. LNG exporter Freeport may extend its plant shutdown until December

Major U.S. LNG exporter Freeport may extend its plant shutdown until December

Bad news for Europe, good news for Americans. Recall, Freeport before the fire in summer provided about 20% of U.S. LNG supplies to the world market. Its largest customer is Europe. Freeport had previously promised to resume operations in November. Even with the EU's gas storage facilities full, future

Price for oil price cap yet to be determined, head of European Commission

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

Twitter is preparing to integrate a payment service

Twitter is preparing to integrate a payment service

According to The NYT, the social network filed registration paperwork last week to implement payment processing. Musk is rapidly making his adjustments to Twitter. The integration of the payment service will allow the company to earn good interest income in the future. In addition, users will deal directly with the

Italy's Eni to resume purchases of Venezuelan oil after 4-month pause - Reuters

Italy's Eni to resume purchases of Venezuelan oil after 4-month pause - Reuters

Eni received 1 million barrels of oil from Venezuela in November. The delivery marks a resumption of the oil-for-debt deal sanctioned by the U.S. government earlier this year. The deal allows Venezuela to sell oil to bypass sanctions. Earlier in June and July, Eni received a total of 3.

EU has "serious concerns" about U.S. Inflation Relief Act - CNBC, citing sources

EU has "serious concerns" about U.S. Inflation Relief Act - CNBC, citing sources

European officials say the White House measures violate international trade norms. A document of displeasure will be presented to U.S. officials. According to CNBC, the EU is concerned about potential new trade barriers for European electric car manufacturers. And they are not the only ones; South Korea, for example,

November will be warm in Europe

November will be warm in Europe

Weather forecasters said temperatures are expected to be above normal in early November, followed by mild weather for the rest of the month. Autumn is unseasonably warm in Europe this year. Gas prices in Europe may drop below $1,000 per thousand cubic meters on the back of 95% full