Two weeks ago:

Citigroup warned that the United Kingdom could see almost 20% inflation by January.

Today:

Goldman Sachs is warning UK inflation could top 22% next year.

In early 2022:

The Bank of England said the UK’s largest banks are no longer “too big to fail.”

@FinancialWorldUpdates

😳 Amsterdam ATM withdrawal today

@FinancialWorldUpdates

The Japanese yen dropped to its lowest since 1998.

The yen has depreciated nearly 20% against gold this past year.

The Bank of Japan owns 63% of all locally listed ETF assets and half of the outstanding Japanese government bonds issued in the market.

How wild is that?

@FinancialWorldUpdates

BREAKING NEWS

POLAND’S TOP POLITICIAN SAID THAT THE GOVERNMENT WILL SEEK EQUIVALENT OF ;1.3 TRILLION IN WWII REPARATIONS FROM GERMANY

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Russia is considering a plan to buy as much as ;70 billion in yuan and other “friendly” currencies.

Why?

To slow the ruble’s surge.

Remember when the majority thought the temporary Ruble collapse was permanent?

Now… the world order is dramatically changing via bifurcation

@FinancialWorldUpdates

JP Morgan warned back in early July that Oil prices could rocket to ;380 a barrel if Russia slashes production

Yes, ;380

Now G7 finance chiefs are moving ahead to discuss a Russian oil price cap

They better be smart about this because if oil did shoot up to ;380…

Chaos.

@FinancialWorldUpdates

Russia;s Gazprom completely halts natural gas supply via Nord Stream 1, says ;oil leakage; detected during maintenance.

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Countries around the world are bracing for energy rationing for the first time since World War II

Do you think countries won’t take care of national interests?

Ask Japan

The countries biggest city gas supplier just signed a deal with a Russian firm

This is going to end bad

By the way… the company that Japan;s biggest city gas supplier signed a new long-term natural gas contract with recently offered revised contracts to Asian clients:

Asking them to pay in currency other than US dollars.

@FinancialWorldUpdates

THE IMF IS EXPLORING A CENTRAL BANK DIGITAL CURRENCY CLEARING AND INTERNATIONAL SETTLEMENTS PLATFORM

Last year an IMF official said a world with more than one reserve currency is a more stable world.

Everything is falling into place.

@FinancialWorldUpdates

EU energy chief is urging China and India to support a price cap on Russian oil

Somebody tell her who has been buying all the Russian oil the past 6 months

@FinancialWorldUpdates

FTX Will Pause Ethereum Trades for the ETH Merge

The first confirmation of zero downtime elicited mixed reactions from Ethereum developers, with many calling it a “disaster” and arguing that it was the FTX’s responsibility to maintain Ether (ETH) on all blockchains until the September upgrade was complete. FTX action of suspending Ether deposits and withdraws was to safeguard users from losing their assets during the high-risk fork. Ethereum developers designed the Merge for a smooth Proof-of-Stake (PoS) transition with zero downtime by considering the total terminal difficulty (TTD). This will ensure that the transition is based on the total mining power used to build up the blockchain.

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UK elects crypto-friendly Liz Truss as new prime minister

Liz Truss is set to become the United Kingdom’s next prime minister after winning the election to replace Boris Johnson as Conservative Party leader. It is quite possible that Ms. Truss’s response to the cost of living crisis, which she vowed to implement within days of assuming office, will define both her premiership and her prospects of earning a mandate of her own at the subsequent general election. Interestingly, those in the cryptocurrency space are interested in how Britain’s new prime minister will deal with cryptocurrencies. In 2018 she tweeted that ‘we need to accept cryptocurrencies’ in a manner that does not limit their potential and liberate free enterprise by eliminating rules that hinder prosperity.

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Payment firm Wise rules out crypto remittances support citing high costs

British-based fintech firm Wise British-based fintech firm Wise has ruled out the possibility of facilitating cross-border crypto remittance, citing high costs for now. The payments platform, however, noted that cryptocurrencies come with additional advantages like speeding up the money transfer process but stated that it’s avoiding the costs of exchanging money. In this line, Barreiro noted that Wise is also exploring the Latin America region for the crypto option while singling out the vibrant digital assets market in the area. At the moment, Wise only allows users to purchase cryptocurrencies using funds in their accounts.

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Russia to reportedly consider crypto use for international payments

Russia’s central bank has revealed that the country could re-consider using crypto for international payments, local news agency TASS reported on Sept. 5. According to the report, Russia’s Deputy Finance Minister Alexei Moiseev said the apex bank and the finance ministry could legalize crypto payments soon. Russia has faced increased scrutiny and sanctions from western countries over its Ukraine invasion. The sanctions birthed talks of the possibility of Russia using crypto to evade these sanctions, but stakeholders in the crypto industry have insisted that this is not possible.

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Cardano Creator Calls Ethereum Classic Dead Project

A rare day goes by in the crypto space without feuds between Cardano;s head and founder Charles Hoskinson and people who oppose him. Today was no exception, when, in response to accusations of a miner tax for ETC miners, Hoskinson made some loud statements regarding the entire Ethereum Classic project. The crypto enthusiast, who was recently a member of the Board of the ETC Cooperative, said that what some perceived as a tax should have been a sustainable development fund Ethereum Classic.

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Almost half of Shiba Inu’s initial circulating token supply has been burned

Since its launch in August 2020, Shiba Inu has been burned in a bid to cut its 1 quadrillion circulating supply. The milestone half way point is fast approaching. Since the start of September, 329.8 million Shiba Inu tokens have been burned, according to shiba-burn-tracker.com. Shiba Inu tokens are burned on multiple occasions daily to tackle the issue of oversupply. Over the last 30 days, the most significant daily burn totaled 455,699,414 SHIB on Aug. 31. Shiba Inu’s initial supply was just short of 1 quadrillion tokens, which hinders the ability of capital inflow to impact the token price positively. The Shiba Inu community has its sights set on a ;0.01 token price.

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