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July 12th - According to the Ministry of Education, this year marks the 20th anniversary of the student loan program based on the students place of origin. Over the past two decades, my countrys student loan program has cumulatively issued 620.7 billion yuan in loans, benefiting 68.21 million students.July 12th - According to Middle East Eye, the United States is collaborating with Iraq and Syria on a plan to upgrade an aging oil pipeline connecting the northern Iraqi city of Kirkuk to Baniyas on Syrias Mediterranean coast, enabling Iraq to bypass the Strait of Hormuz when exporting crude oil. The report, citing Iraqi and other regional officials, stated that an agreement to restore the approximately 800-kilometer-long pipeline is expected to be announced next week during Iraqi Prime Minister Ali Zaidis meeting with Trump at the White House. The pipeline, which has been out of service for decades, is currently severely damaged. The report quoted a senior official as saying that the pipeline will likely require complete reconstruction, a project expected to take two to three years. Several American companies have already been recruited to participate in the project.July 11 - Irans Permanent Representative to the United Nations, Illavani, warned on the 11th that if the United States continues to violate its obligations, Iran will no longer abide by the memorandum of understanding signed with the United States.According to Axios, a regional source said that parties are discussing the possibility of issuing a potential statement on the full opening and free passage of the "middle channel" (located in international waters) in the Strait of Hormuz.According to RIA Novosti, the Russian Ministry of Defense stated that Ukrainian President Zelenskyy has deployed almost all available Western missile defense systems to Kyiv.

Blockchain firm Valereum gets approval to buy Gibraltar exchange

Cory Russell

Nov 01, 2022 15:44

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Blockchain startup Valereum said on Monday that it has acquired regulatory clearance to purchase the Gibraltar Stock Exchange (GSX) and transform it into a hub for nascent businesses from the Middle East, India, and Africa to access funding in Europe.


Blockchain startup Valereum said on Monday that it has acquired regulatory clearance to purchase the Gibraltar Stock Exchange (GSX) and transform it into a hub for nascent businesses from the Middle East, India, and Africa to access funding in Europe.


According to Valereum, the Gibraltar Financial Services Commission has given its approval for the transaction to go through.


The deal's pricing was kept a secret by Valereum, which anticipates completion in the first quarter of 2023.


According to a statement from Valereum, the future aim of the GSX will be to provide access to European finance for early-stage and small-cap firms in the Middle East, India, and Africa, where there is a significant potential to support entrepreneurs there.


The business said that it would also provide a non fungible token (NFT) approach in the first quarter to connect "real world" or conventional securities via NFT ownership.


Richard Poulden will serve as the company's chairman, while Patrick Young will serve as executive director.


According to a statement from Poulden, "The GSX will rely on proven exchange technology from reputable sources and will be upgraded with complete front-to-back trading and clearing functions on a considerable scale and expandability."


Valereum said in August that it was selling its bitcoin mining equipment as part of its intentions to purchase and grow GSX.


Over the last year, the price of bitcoin has plummeted, ushering in what has been nicknamed a "crypto winter," with no indication of a thaw.


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