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According to AXIOS: Israeli officials revealed that Trump has spoken with Israeli Prime Minister Netanyahu and discussed the Iran issue.On May 17, the Qatari Ministry of Foreign Affairs strongly condemned the drone attacks against the United Arab Emirates, including the attack near the Barakah nuclear power plant in the Al-Ahfra district of Abu Dhabi. The ministry stated that the attacks were a “blatant violation of international law” and a “serious threat to regional security and stability.” Such “reckless attacks” targeting critical infrastructure and civilian sites have crossed a red line, and the ministry urged all parties to work to prevent further escalation. Qatar also called for de-escalation, emphasizing the need to avoid the consequences of “unprovoked attacks” and to restore stability at the regional and international levels. The ministry reiterated Doha’s full solidarity with the UAE and its support for its measures to protect sovereignty, security, and vital facilities.On May 17, the Indian Embassy in Russia reported that a large-scale drone attack in the Moscow region resulted in the death of one Indian citizen and injuries to three others. The attack occurred on May 17 in the Moscow region of Russia, where a large-scale drone attack by Ukraine occurred. It is reported that approximately 130 Ukrainian drones were shot down in the past 24 hours as they approached Moscow. This is the largest drone attack to hit the region this year.The China Earthquake Networks Center officially determined that a magnitude 3.0 earthquake occurred in Liunan District, Liuzhou City, Guangxi Province at 22:54 on May 17, with a focal depth of 10 kilometers.According to the UAEs state news agency, the UAE minister spoke with the head of the International Atomic Energy Agency after drone attacks on a nuclear power plant in the Gulf state.

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.

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