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June 11 (Xinhua) -- Data released by Beijing Customs on the 11th showed that in the first five months of this year, the total import and export value of the Beijing-Tianjin-Hebei region reached 2.09 trillion yuan (RMB), a year-on-year increase of 14.4%. Exports totaled 630.84 billion yuan, up 11.5%, while imports reached 1.46 trillion yuan, up 15.8%. Since the beginning of this year, the import and export value of the Beijing-Tianjin-Hebei region has maintained year-on-year growth for five consecutive months. In May, exports reached 135.89 billion yuan, up 11.7%, while imports reached 348.46 billion yuan, up 28.1%, both setting new historical highs for the same period.UK Maritime Trade Organization: Local authorities report a fire in the engine room of an oil tanker; no environmental impact has been reported yet.On June 11th, the Hang Seng Index briefly fell below 24,000 points, breaking through the lows of March and continuing its trend of "following the declines but not the rallies" in response to A-shares and overseas markets over the past few months. Industry insiders believe that Hong Kong stocks are not overvalued, and the current level is suitable for phased investment rather than heavy-position chasing of rising and falling markets. They suggest investors prioritize high-quality assets with stable earnings, reasonable valuations, and competitive advantages. Furthermore, some heavyweight internet companies, whose valuations are already at low points, can provide some stability to the market.On June 11th, the Institute of Industry and Planning of the China Academy of Information and Communications Technology (CAICT), in conjunction with CAICT (Guangdong) Science and Technology Innovation Research Institute Co., Ltd. and the Information Center of Guangxi Zhuang Autonomous Region, officially released the "Research Report on Low-Altitude Economic Data Governance (2026)". The reports core findings point out that systematically promoting low-altitude economic data governance requires building a "five-in-one" working system. First, guided by governance goals, data governance should promote the improvement of low-altitude economic data quality, the safe and orderly conduct of low-altitude flight activities, and the efficient allocation of low-altitude resources. Second, driven by organizational management, a "2+N+X" architecture should be used to achieve collaboration among multiple stakeholders and jointly build a low-altitude economic data governance ecosystem. Third, based on the institutional environment, laws, regulations, policy documents, and standards should play a leading, regulatory, and standardizing role. Fourth, the governance process should be the core, applying artificial intelligence to empower the entire lifecycle of data governance, from data collection, data storage, data processing, data utilization to data decommissioning. Fifth, supported by a technological platform, a "3+1+N+X" platform architecture should be used to achieve unified data governance.Shipping intelligence firm Kpler reports that approximately 96 million barrels of non-Iranian crude oil have been exported via the Strait of Hormuz or the Gulf of Oman since early May. Including cargoes still being loaded, total exports exceed 100 million barrels, roughly consistent with Trumps claim that over 100 million barrels of crude oil entered the global market during this period.

Banking Behemoth Barclays Buys a Stake in Crypto Firm Copper

Skylar Shaw

Jul 26, 2022 11:35

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One of the biggest banks in the UK, Barclays, has participated in a fundraising round for Copper and is anticipated to spend millions of dollars in the cryptocurrency company, which counts Lord Philip Hammond, a former chancellor of the exchequer, among its advisors.


The investment round for Copper, which offers custody, prime broking, and settlement services to institutional investors investing in cryptoassets, is expected to be completed in the coming days.

Delay of nine months

Despite the recent cryptocurrency meltdown wiping away roughly $40 billion in investor money and more than $2 trillion in market value, Copper has still been able to attract investment from one of the most reputable banks in the world.


Barclays, the world's largest bank, has finished the lengthy investor negotiations that had been put off since November of last year as Copper struggled with a temporary regulatory registration in the UK.


More precisely, the Financial Conduct Authority (FCA) mandates interim registration for digital asset service providers in compliance with money laundering laws. This implies that in order to operate, all crypto-asset enterprises must first seek full FCA registration.


However, Copper subsequently made the decision to become regulated in Switzerland as a result of the financial watchdog's refusal to accept its license registration.


Blockchain.com and Revolut are just two of the many companies that operate under the Temporary Registration Regime (TRR), and more than 100 businesses filed for registration when the FCA took over as the UK's anti-money laundering and counter-terrorism funding body in 2020.

Banking Megacorp

Bloomberg reports that although Barclays has made an undisclosed investment in the "millions of dollars," individuals with knowledge of the situation indicated last year that the funds might increase Copper's worth to around $3 billion. Additionally, the sources said they were uncertain whether the sum raised would be made public.


In 2015, Barclays became one of the first traditional banks to promote cryptocurrency when it started enabling charities to accept contributions made in Bitcoin (BTC) as a form of alternative payment.


However, the bank also has a murky history with cryptocurrencies, having prevented UK-based clients from sending money to Binance by forbidding them from paying the exchange using a credit or debit card. The restriction was implemented soon after the Financial Do Authority said that Binance Markets Limited was no longer permitted to conduct cryptocurrency business in the nation.


Similar to this, Barclays already severed connections with Coinbase and is no longer the bitcoin exchange's financial provider.


In a Series B fundraising round that included Illuminate Financial Management, LocalGlobe, and MMC Ventures and was co-led by Dawn Capital and Target Global last year, London-based Copper received $50 million.