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July 3, this afternoon, at a plenary session, the South Korean National Assembly passed an amendment to the martial law law. The new bill stipulates that after the declaration of martial law, no one, including the military and police, will be allowed to hinder the entry and exit of members of parliament and parliamentary staff and the conduct of meetings. The new bill also restricts the entry of military and police personnel into the National Assembly, requiring that military and police personnel shall not enter the National Assembly at will unless requested or permitted by the National Assembly. Violators will be held criminally responsible or fined. In addition, the new bill also requires that the president should record the meeting when initiating martial law and convening a State Council meeting for deliberation, and submit relevant materials when notifying the National Assembly. South Korean public opinion analyzed that this move is aimed at avoiding the recurrence of the situation when the then-President Yoon Seok-yeol launched an emergency martial law at the end of last year, when the military and police broke into the National Assembly and obstructed the proceedings.Switzerlands CPI annual rate in June was 0.1%, in line with expectations of -0.1% and the previous value of -0.10%.Switzerlands CPI monthly rate in June was 0.2%, in line with expectations of 0% and the previous value of 0.10%.On July 3, rating agency Standard & Poors said that if NATOs core defense spending target of 3.5% is fully implemented without offsetting measures, the government debt of European member states may increase by $2 trillion by 2035. However, the spending growth is likely to be gradual. The speed of military spending increases will depend on each countrys security considerations, the size of the defense industry, fiscal issues, electoral support and industrial absorption capacity. Regarding European sovereign debt, the impact on the credit quality of these countries is expected to be limited in the short term, as the growth of defense spending is likely to be restrained and slow.Switzerlands June CPI monthly rate will be released in ten minutes.

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

Cory Russell

Apr 21, 2022 09:49


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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.

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