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August 1st - The Italian Civil Protection Department announced on August 1st that, as of now, the earthquake that struck near Naples in southern Italy on the evening of July 31st has injured 26 people. According to the Italian newspaper Corriere della Sera, a magnitude 4.7 earthquake struck the Camp Freigé area near Naples at 7:46 PM local time on July 31st. From then until the morning of August 1st, more than 170 earthquakes occurred. The Civil Protection Department stated that in addition to causing the collapse of some uninhabited buildings, the earthquake also damaged many other structures, forcing approximately 300 people to evacuate their homes. Currently, firefighters and technicians are continuing to conduct building safety inspections, and the possibility of further evacuations cannot be ruled out.Security and refinery sources: The fire at the refinery in southwestern Erbil, Iraq, has been extinguished and production is gradually resuming.The U.S. Geological Survey reports a magnitude 4.9 earthquake that struck 3 kilometers west of Matsuse, Japan, at a depth of 10.0 kilometers.August 1st - According to the Washington Post, multiple officials stated that Admiral Alexus Grynkewich, Commander of U.S. European Command, privately warned the Pentagon this week of a lack of sufficient naval power to continue protecting Israel from ballistic missile attacks, highlighting the resource pressures on the U.S. military from the ongoing conflict with Iran. The commander stated that if he could not acquire another destroyer, he would be forced to choose between defending the U.S. "homeland" and defending Israel. A U.S. defense official stated that Grynkewichs warning was consistent with previous briefings from senior U.S. military officers to the Pentagon when they perceived risks requiring U.S.-level consideration. The official said such situations can occur when theater commanders compete for limited resources and weapons.Ukrainian President Zelensky: The Ukrainian military attacked a sanctioned Russian container ship named YANINA, which has a deadweight tonnage of over 100,000 tons.

Three Arrows Capital Creditors Repossess Company’s NFT Wallet

Skylar Shaw

Oct 10, 2022 11:58

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Following the announcement that Visa and FTX are working together to provide debit cards linked to cryptocurrency accounts in a number of nations, the price of Visa (NYSE:V) is rising.

 

To offer owners rapid access to their cryptocurrency assets, these debit cards link back to their FTX accounts. The cards may be used at more than 80 million businesses worldwide, including those in an extra 40 nations, with Visa's assistance.

 

It's important to note that FTX customers in the United States may already use these debit cards. Numerous Latin American nations will now have access to the crypto debit cards as a result of this new development. Additionally, there are plans to reach other areas in the next year and throughout Europe by the end of 2022.

Users won't be charged for processing

In a statement, Sam Bankman-Fried, CEO of FTX, gave cryptocurrency traders the following good news:

 

We're thrilled to join with one of the biggest payment networks in the world to provide our consumers the option of using their cryptocurrency to finance purchases at millions of merchants all around the world. With this card, customers may access their FTX cryptocurrency balances whenever they want, wherever in the world, without paying any processing or administrative costs.

 

The acquisition announced today doesn't seem to have really satisfied V investors, as the company's shares are down 1% as of Friday morning. Additionally, trading volume is below average.

 

Investors looking for more current stock market news should stay put!