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Switzerland faces challenges as families receive eviction notices amid rising real estate speculation, raising concerns about social stability. While the economy shows some resilience compared to the EU, major Swiss companies like Roche and Nestlé struggle with poor management decisions, impacting investor confidence. The promise of a prosperous decade seems overshadowed by the realities faced by many employees and smaller investors.
Germany's Bundestag has passed the Digitalization of Financial Markets Act, enabling the full implementation of the EU's MiCAR cryptocurrency regulation before its December 30 deadline. This legislation designates BaFin as the regulator, allowing German firms to operate under MiCAR while establishing a one-year transition period for existing licenses. Meanwhile, varying transition periods across EU countries necessitate that crypto asset service providers secure new authorizations promptly to avoid operational disruptions.
Nexus' decentralized supercomputer testnet attracted over 1.5 million nodes from 187 countries in just five days, demonstrating significant global interest. The testnet, which ran from December 9 to 13, featured around 800,000 web nodes and 700,000 command-line interface nodes, with mobile devices generating 37% of the traffic. CEO Daniel Marin emphasized the need for trust-driven innovations in blockchain and AI while acknowledging the company's selective control over the programs supported by the network.
Harbour has partnered with Velocity Labs to launch "Magic Ramp," a stablecoin payment system that connects SEPA Instant payment rails with Polkadot. This service enables Euros to be sent from bank accounts and received as USDC on-chain in under 30 seconds, with no fees for the first six weeks. The integration allows for efficient on-and-off ramps for Web3 users and supports various use cases, including international payroll and cross-border remittances.
Bitget Token (BGB) surged 11% to a record high of $4.6 following the approval of a Bitcoin Service Provider license in El Salvador, enhancing its market presence in a country that adopted Bitcoin as legal tender. Additional factors fueling BGB's growth include expansion into European markets, new payment options for Vietnamese users, and a partnership with a Telegram game that features airdrops and a substantial prize pool. Market metrics show a significant increase in open interest for futures contracts and trading volume, indicating heightened trader confidence and participation.
The EU-Mercosur agreement's beef import quota of 99,000 tons, initially perceived as just 1.5% of total EU consumption, actually represents about 15% of the premium cuts market, according to market expert Jacek Zarzecki. This includes high-demand cuts like roast beef and entrecôte, which are crucial for EU farmers' income. Belgian MEP Benoît Cassart warns that these quotas pose a significant threat to the EU beef market.
Flipster has partnered with OverProtocol to launch a campaign featuring a $200,000 USDT giveaway, including the OVER Launchpool where users can stake OVER for daily USDT rewards from a 190,000 USDT pool. Additionally, a social media giveaway offers 10,000 USDT, with 200 winners receiving 50 USDT each. This collaboration aims to enhance user engagement and promote a more decentralized digital economy.
Flipster has partnered with OverProtocol to launch the Flipster x OverProtocol campaign, featuring a $200,000 USDT giveaway. Users can stake OVER in the OVER Launchpool for daily USDT rewards from a 190,000 USDT pool, with additional rewards for social media engagement. This collaboration aims to enhance user engagement and promote a more decentralized digital economy.
Bitget has secured a Bitcoin Service Provider licence from El Salvador's Central Reserve Bank, allowing it to offer fiat-to-Bitcoin exchanges, payment solutions, and custody services. The exchange is also seeking a digital asset service provider licence to expand its offerings. El Salvador, having adopted Bitcoin as legal tender, is negotiating a USD 1.3 billion loan with the IMF, which may make Bitcoin acceptance voluntary for businesses, while pursuing international partnerships to enhance digital asset adoption.
Bitget has received a Bitcoin Service Provider license from El Salvador's central reserve bank, enabling it to offer various Bitcoin-related services, including fiat exchanges and secure custody solutions. The exchange is also seeking a Digital Assets Service Provider license for broader digital asset trading. This development aligns with El Salvador's evolving Bitcoin regulations as the country negotiates a $1.3 billion loan with the IMF, which may lead to making Bitcoin acceptance voluntary for businesses.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
swiss economy faces challenges amid real estate turmoil and corporate struggles
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19:56 20.12.2024
Germany enacts legislation for full implementation of EU crypto regulation MiCAR
13:42 20.12.2024
decentralized supercomputer testnet attracts over 1.5 million nodes globally
07:04 20.12.2024
harbour and velocity labs launch instant stablecoin payment system in europe
15:26 19.12.2024
Bitget Token BGB Reaches Record High Following El Salvador License Approval
11:35 19.12.2024
EU Mercosur beef import quotas threaten local premium cut market
06:39 19.12.2024
Flipster and OverProtocol launch partnership with 200000 USDT giveaway campaign
20:45 17.12.2024
Flipster and OverProtocol launch partnership with 200000 USDT giveaway campaign
15:18 17.12.2024
Bitget gains Bitcoin service provider licence in El Salvador
10:52 17.12.2024
Bitget receives license to offer Bitcoin services in El Salvador
20:59 16.12.2024
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