Joseph Branch

Joseph Branch

National Bank of Moldova cuts base rate to 17%

The Executive Committee of the National Bank of Moldova (NBM) today decided to reduce the base rate from 20% to 17%, NBM Governor Octavian Armasu told reporters after the meeting. Also, the National Bank cut the rate on overnight deposits from 18 per cent to 15 per cent and the

Kuwait Petroleum chief notes oil demand recovery in China

Oil consumption in China, the world's largest oil importer, has rebounded sharply after the lifting of anti-cookie measures. Sheikh Nawaf al-Sabah, CEO of Kuwait Petroleum Corp, said. "An accumulated demand has built up during the pandemic," he told Bloomberg TV. - Now that (China's)

There is one "whale" behind the manipulation of the BTC price: the opinion of a finance professor

Professor John Griffin noticed back in 2017 that the price of bitcoin appeared to be backed by one "whale", and now he is seeing similar "red flags", Business Insider writes. The economics professor at the McComb School of Business at the University of Texas believes something

Tesla records $140 million loss in BTC

Electric car maker Tesla has reported its losses in bitcoins last year. This is according to documents that the company filed with the SEC on January 31. The gross loss in BTC was $204 million, which should be subtracted from the $64 million profit from the sale of the cryptocurrency

Hong Kong to introduce licensing for steblecoins

Hong Kong plans to introduce licences for stabilecoin issuers this year. The local regulator, The Hong Kong Monetary Authority (HKMA), made the announcement. Companies that want to operate in the market will have to file paperwork for their services. The HKMA will take control of all phases of the stablcoin

European economy avoids recession

The eurozone economy grew by 0.1% in the fourth quarter of 2022. Preliminary data from Eurostat showed this, CNBC reported. "The preliminary Eurozone GDP report shows that economic growth slowed again in the fourth quarter, but did not fall immediately, contrary to reports from business surveys," commented

China begins imposing 20% tax on crypto investors and miners

Some regional authorities in China have started to impose a 20% income tax on cryptocurrencies, reports journalist Colin Wu. The deductions are to be paid by: * miners; * Individuals who make profits from crypto-investments; * companies that conduct transactions with crypto-assets; * investors.

Azerbaijan and Egypt sign package of documents aimed at expanding cooperation

Azerbaijan and Egypt have today signed a package of documents aimed at expanding bilateral cooperation. The documents were signed following talks between the presidents of Azerbaijan and Egypt in Baku. In particular, they signed memorandums of understanding: on cooperation in the field of water resources management; on cooperation between the

Moody's to create a scoring system for Stablecoin

Ratings agency Moody's is developing a scoring system for "stable coins". It will be based on an assessment of the quality of collateral reports. The initiative is at an early stage of creation. Analysts intend to calculate scores for 20 Stablecoins. Assigning a rating in the

Swiss bank tokenises its own shares

Swiss bank Cité Gestion, in cooperation with Taurus, has tokenised its shares, making it the first private bank to do so.