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Turkey's lira hits new low after bank rules' rollback
The Turkish lira slid to a record low against the dollar after the central bank simplified its policy and stopped using reserves to support the lira. This followed a substantial rate hike and rollback of regulations meant to encourage lira holdings. The lira is down 28% this year, largely due to President Erdogan's economic policy changes, including...
Two and five-year fixed-rate mortgages in UK at highest level for seven months
The average price of two- and five-year fixed-rate mortgages in the UK have reached their highest level in seven months. The cost of a two-year deal for homeowners rose to 6.23%, up from 6.19% at the end of last week, marking its highest point since last November. The average cost of a five-year deal rose to 5.86%...
Token issuers in Japan exempt from 30% crypto tax on paper gains
Japan has exempted token issuers from its 30% tax on unrealized crypto gains. The change, aimed to boost the country's fintech sector, applies to gains on paper, rather than actualized profits. This decision may encourage more domestic and international companies to issue...
Federal Judge Permanently Bars MetaBirkins NFT Maker From Selling Birkin-Based Collectibles
A US federal judge has permanently prohibited MetaBirkins, an NFT creator, from selling Birkin bag-based collectibles. The judgement came following a lawsuit by Hermès, the luxury brand behind Birkin bags, citing trademark infringement. This landmark case underscores the legal...
Crypto Draft Bill: Gary Gensler To Appear Before US House Committee
Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), is set to appear before the House Committee to discuss a draft bill on cryptocurrency regulation. The proposed legislation aims to clarify regulatory uncertainties around digital assets. The meeting will...
14 Major Updates Deployed to Hive's Everything App | Experience the Best of Web3
We've spent a lot of time building the Everything App. Things are changing rapidly and we are constantly improving the experience. Along with some major backend updates, we've spent a lot of time on the frontend this past week. In today's update, we'll go through some of the major changes that were made. I'll keep this post brief and to the point. The best way to see the updates is to experience the updates...
The Game-Changing Secrets Behind Leo's Curation 2.0 With 4M HIVE POWER | Earn More Upvotes!
Discover the six ingenious ways to secure a spot in the coveted curation circle. We dive deep into the intricacies of curation on Hive and how it has always been a challenge to master. But fear not, as we unveil the secrets to success based on merits within the dynamic LEO Finance community...
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Unfortunately Turkish Lira has lost a lot of value after elections. The purchasing power is hard to preserve when the economy is used for victory in elections.
While it isn't looking so good in the outside world, great things are happening on Hive's Everything App. Can't wait for it to be bug-free 😊
Oh wow, I had missed many of the updates to LEO so I'm glad I found the announcement on this edition
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