Belarusian President Alexander Lukashenko signed a decree confirming the country's official support for the free circulation of cryptocurrencies. The document provides a legal basis for the creation and maintenance by the Belarusian High-Tech Park of a register of crypto wallet addresses used in illegal activities. The decree document details the process and standards for the government to seize crypto from criminals. The decree is intended to protect crypto investors from possible losses and prevent unintentional participation in activities prohibited by law. https://president.gov.by/ru/documents/ukaz-no-48-ot-14-fevralya-2022-g
UK - Petrol prices have surged to a record high and are expected to climb further in coming weeks, adding to the burden on UK households’ already squeezed budgets.
The AA said petrol surpassed 148p a litre on Sunday, rising above the previous record high of 147.72p on 21 November last year. https://www.theguardian.com/money/2022/feb/14/uk-petrol-prices-hit-all-time-high
The AA said petrol surpassed 148p a litre on Sunday, rising above the previous record high of 147.72p on 21 November last year. https://www.theguardian.com/money/2022/feb/14/uk-petrol-prices-hit-all-time-high
the Guardian
‘Tightening the vice on spending’: UK petrol prices hit all-time high
Cost of living crisis ratcheted up another notch by Russia-Ukraine tension and soaring energy bills
The best option for India is to ban private cryptocurrencies, one of the country's top central bankers said. Private crypto is worse than Ponzi schemes and pose a threat to financial stability, Rabi Sankar said. The government plans to impose a 30% tax on income from cryptocurrencies and other digital assets such as NFTs, or non-fungible tokens. It also wants to deduct 1% in tax at source on payments related to buying such assets. https://www.yahoo.com/entertainment/india-ban-ponzi-private-cryptos-114901191.html
Yahoo Entertainment
India should ban 'Ponzi' private cryptos or risk wrecking the country's financial system, a top RBI central banker has warned
Private cryptocurrencies are worse than a Ponzi scheme, and could wreck India's ability to control its economy, the deputy governor of the RBI warned.
US- A hack at IRA Financial Trust, which offers self-directed retirement accounts, resulted in the theft of $36 million in cryptocurrency. That same day, unidentified hackers drained $21 million in Bitcoin and $15 million in Ethereum from the accounts of IRA Financial Trust customers. https://www.bloomberg.com/news/articles/2022-02-14/ira-financial-hacked-36-million-in-cryptocurrency-stolen?srnd=premium&sref=ibr3A0ff
Bloomberg.com
Hackers Snagged $36 Million in Crypto in Breach of IRA Financial
A hack at IRA Financial Trust, which offers self-directed retirement accounts, resulted in the theft of $36 million in cryptocurrency, according to a person familiar with the investigation.
Prime Minister of Canada Justin Trudeau has invoked special emergency powers to confront the trucker convoy. It gives Trudeau’s administration special authority to restrict movement, freeze financial accounts (including personal bank accounts and cyptocurrency transactions) https://news.yahoo.com/trudeau-invokes-emergency-powers-against-010824459.html
Yahoo News
Trudeau Invokes Emergency Powers against Truckers, Will Freeze Bank Accounts
Prime Minister of Canada Justin Trudeau has invoked special emergency powers to confront the trucker convoy, which has been blockading major cities and highways in protest against the cross-border vaccine mandate imposed by the Canadian government.
A cyberattack hit the websites of Ukrainian government agencies and major banks today. At least 10 Ukrainian websites stopped working due to DDOS attacks, including those of the Defense Ministry, Foreign Ministry, Culture Ministry and Ukraine’s two largest state banks. Customers at Ukraine’s largest state-owned bank, Privatbank, and the state-owned Sberbank reported problems with online payments and the banks’ apps. https://www.msn.com/en-us/news/world/cyberattack-hits-ukrainian-government-sites-major-banks/ar-AATToJ5
MSN
Cyberattacks knock out sites of Ukrainian army, major banks
KYIV, Ukraine (AP) — A series of cyberattacks on Tuesday knocked the websites of the Ukrainian army, the defense ministry and major banks offline, Ukrainian authorities said, as tensions persisted over the threat of a possible Russian invasion. Still, there…
US- Farms that raise turkeys and chickens for meat and eggs are on high alert and taking steps to increase biosecurity, fearing a repeat of a widespread bird flu outbreak in 2015 that killed 50 million birds across 15 states and cost the federal government nearly $1 billion. The new fear is driven by the discovery announced Feb. 9 of the virus infecting a commercial turkey flock in Indiana. The 29,000 turkeys in the flock were killed to prevent the spread of the virus. https://www.usnews.com/news/business/articles/2022-02-15/us-bird-flu-case-puts-chicken-turkey-farms-on-high-alert
US News & World Report
US Bird Flu Case Puts Chicken, Turkey Farms on High Alert
Farms that raise turkeys and chickens for meat and eggs are on high alert, fearing a repeat of a widespread bird flu outbreak in 2015 that killed 50 million birds across 15 states and cost the federal government nearly $1 billion.
More chip shortages ahead. This time memory chips. Western Digital says it has lost at least 6.5 exabytes (6.5 billion gigabytes) of flash storage due to contamination issues at its NAND production facilities. The contamination could see the price of NAND — the main component of SSDs — spike up to 10 percent. https://www.theverge.com/2022/2/11/22928867/western-digital-nand-flash-storage-contamination
The Verge
SSD prices could spike after Western Digital loses 6.5 billion gigabytes of NAND chips
The production issues could impact SSD pricing.
Argentina's farm belt is set for days of hot and dry weather ahead, stoking fears among grains farmers whose corn and soy crops are in sore need of rainfall after spells of drought. Argentina is the world's top exporter of soybean oil and meal. Crops suffered important losses between December and the first half of January due to a drought and heat waves. https://www.reuters.com/business/environment/dry-weather-outlook-fans-drought-fears-argentinas-farmlands-2022-02-15/
Reuters
Dry weather outlook fans drought fears in Argentina's farmlands
Argentina's farm belt is set for days of hot and dry weather ahead, weather experts said on Tuesday, stoking fears among grains farmers whose corn and soy crops are in sore need of rainfall after spells of drought.
Agricultural chemicals shortage ahead - Bayer sent a note to retailers saying due to production issues with a third-party ingredient supplier, the company won’t be able to fulfill some of its previously booked orders. Bayer declared a force majeure, which means due to the issue being out of Bayer’s control, the company will be able to escape contractual obligations. https://www.agweb.com/news/crops/crop-production/bayer-warns-more-glyphosate-shortages-heres-how-severe-situation-could
AgWeb
As Bayer Warns of More Glyphosate Shortages, Here's How Severe the Situation Could Be this Spring
Glyphosate was already in short supply heading into the 2022 planting season, but another black swan event is putting an even tighter squeeze on supplies.
Paraguay's soybean crushing industry will run out of beans to process by the middle of the year due to a drought hammering production, the country's trade industry body told Reuters, adding it was in talks to import beans for the first time ever. https://www.reuters.com/business/energy/exclusive-paraguay-soy-crushers-hit-by-drought-risk-running-out-beans-2022-02-16/
Reuters
Exclusive: Paraguay soy crushers, hit by drought, risk running out of beans
Paraguay's soybean crushing industry will run out of beans to process by the middle of the year due to a drought hammering production, the country's trade industry body told Reuters, adding it was in talks to import beans for the first time ever.
British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates. The annual rate of CPI rose to 5.5% in January, the highest since March 1992. https://www.reuters.com/world/uk/uk-inflation-rises-55-january-2022-02-16/
Reuters
UK inflation climbs to highest since 1992 at 5.5%
British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates.
Forwarded from Robin Monotti + Cory Morningstar
Media is too big
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🇨🇦 Live conversation with Canadian bank manager confirming orders from federal government to freeze accounts associated with those exercising their right to protest.
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No fear here, everything this tyrannical government is doing just digs their hole deeper and deeper waking up and connecting more and more people.
Shaun "The Viking" Zimmer
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#unitedwestand #faithoverfear
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No fear here, everything this tyrannical government is doing just digs their hole deeper and deeper waking up and connecting more and more people.
Shaun "The Viking" Zimmer
.
#unitedwestand #faithoverfear
Blackstone cemented its position as America's largest residential and commercial landlord by buying apartment owner Preferred Apartment Communities in a deal valued at $5.8 billion, demonstrating the unstoppable investor demand for multifamily - i.e., rental - properties in Sunbelt states. https://www.zerohedge.com/economics/americas-largest-landlord-just-got-even-bigger-blackstone-buys-12000-sunbelt-apartments
Zerohedge
Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
US- Fire had broken out at Louis Dreyfus Company (LDC) Claypool, Indiana, soybean processing and biodiesel plant and the affected systems had been suspended. The suspension of deliveries could slow production of soymeal and biodiesel at a time of high demand. The Claypool plant has capacity to crush 175,000 bushels of soybeans a day. https://www.reuters.com/business/energy/louis-dreyfus-reports-fire-largest-us-soy-processing-plant-2022-02-16/
Reuters
Louis Dreyfus reports fire at largest U.S. soy processing plant
Louis Dreyfus Company (LDC) said on Wednesday a fire had broken out at its Claypool, Indiana, soybean processing and biodiesel plant on Tuesday and the affected systems had been suspended.
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The United States’ Central Bank Digital Currency (CBDC) project has in one of two recently conducted pilot tests achieved a record speed of 1.7 million transactions per second (TPS), way faster than the best cryptocurrency networks. The test was carried out by the Federal Reserve Bank of Boston, in partnership with The Massachusetts Institute of Technology's (MIT) Digital Currency Initiative. https://www.cnbctv18.com/cryptocurrency/us-test-cbdc-hits-record-transaction-speed-12530262.htm
CNBCTV18
US ‘test’ CBDC hits record transaction speed
Business News: Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.
Massive outages of Canadian banking websites yesterday. ATM's reportedly empty in areas. #BankRunCanada trending on Twitter yesterday as protestors bank accounts are frozen. Alternatives of cash, gold, silver and cryptocurrency being considered by protestors to be able to survive.