EUR/USD 1.16515
0.000%
Gold 4595.94
-0.124%
Oil 82.732
-0.278%
USD/JPY 159.362
-0.017%
GBP/USD 1.35951
0.020%
GBP/JPY 216.642
0.004%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 28th - Data released on Friday showed that Tokyos core CPI rose 1.8% year-on-year in August, gradually approaching the central banks 2% target, indicating that price pressures from the Middle East conflict are widening. Previously, the Bank of Japan raised its main interest rate to a 31-year high of 1% in June, and kept it unchanged in July, but issued its strongest statement to date regarding escalating inflation risks. Analysts pointed out that the recent sharp rise in wholesale prices, reaching 7.2% year-on-year in July, highlights the increasing price pressures from the Middle East conflict, which may push up consumer prices in the future.SEOUL, Aug. 28 (Yonhap) -- A ship carrying petroleum products caught fire Thursday evening in waters near Incheon, west of Seoul, the South Korean Coast Guard said. The fire has been extinguished. The Coast Guard said the 7,000-ton vessel caught fire at around 10:38 p.m. Thursday. There were 18 crew members on board; two died, and the remaining 16 were rescued and are in stable condition. Initial suspicions suggest the fire originated in the engine room but did not spread to the fuel storage tanks.On August 28th, Futures News reported that, according to foreign media, sources revealed that US President Trump and his energy, environment, and agriculture officials met on Wednesday to discuss a plan to expand exemptions for small refineries to blend biofuels. The proposal aims to double the number of exemptions from the current 990 million renewable fuel credits (RINs) to as many as 1.8 billion, with a final decision expected by the end of August. This move aims to curb soaring gasoline prices caused by the six-month-long US-Israel war in Iraq, helping Republicans maintain control of Congress in the November midterm elections, but has already triggered a strong backlash from the US agricultural sector. US renewable fuel identification numbers (RINs) have also fallen sharply due to market expectations of weakening biofuel demand. On Thursday, an agricultural and biofuel industry consortium, including the US Renewable Fuels Association, Growth Energy, and the National Farmers Union, wrote to Trump urging him to reject the exemption expansion plan, warning that a significant increase in small refinery exemptions would weaken demand for crops such as corn and soybean oil, as well as renewable fuels, severely damaging the rural economy.Japans Tokyo unadjusted CPI rose 0.4% month-on-month in August, unchanged from the previous month.Japans Tokyo CPI rose 1.9% year-on-year in August, below the expected 1.90% and the previous figure revised from 2.00% to 1.80%.

Robinhood To Buy London Based Crypto App as Part of Europe Expansion

Cory Russell

Apr 21, 2022 09:49


微信截图_20220421093138.png


The London-based fintech startup Ziglu is scheduled to be purchased by Robinhood.


Robinhood will grow into the United Kingdom and Europe thanks to Ziglu's crypto capabilities.

After listing Shiba Inu, Solana, and other assets on its platform, Robinhood has made its second significant announcement.


Robinhood sprang to popularity after the GameStop fiasco, but it has since made a reputation for itself in the cryptocurrency area with its cryptocurrency exchange Robinhood Crypto.


As a result, the corporation is now concentrating on merely capitalizing on the current momentum with its actions.

Robinhood Comes to the UK

According to CNBC, Robinhood completed the acquisition of Ziglu, a fintech company located in London that offers crypto trading services for Bitcoin and other cryptocurrencies, yesterday.


This agreement will be critical to Robinhood's efforts to extend its footprint in the United Kingdom and Europe, which the company has been eyeing for some time.


Robinhood was planning to take over these regions two years ago, but had to abandon its ambitions due to a lack of funding, claiming the need to focus on its domestic business rather than growing internationally.


This transaction will be very beneficial to the platform, which has seen a continuous fall in monthly active users in the fourth quarter of 2021, losing over 1.3 million members in only three months.


"Together with the Ziglu team, we'll seek to use the best of both businesses, finding new ways to innovate and break down barriers for clients throughout the UK and Europe," stated Vlad Tenev, CEO of Robinhood, in response to the loss of market share and the possibilities of the new arrangement.

Robinhood's Crypto Attempts

Robinhood's announcement of integrating Shiba Inu, Solana, Compound, and Polygon's tokens to Robinhood Crypto. Ziglu's acquisition is the second most major move made by Robinhood this month.


A few days later, CEO Tenev was quoted as declaring that Dogecoin may become the "Currency of the Internet," claiming that the coin's inflation rate is much lower than that of the USD (Dollar), and that it can attain that position by cutting costs and boosting the number of transactions per second.


As a result, it seems that Robinhood will continue to grow until it becomes a key crypto market participant on a global scale.

Suggestion