European Regulators Advocate for Enhanced Oversight in Crypto Sector European regulators are taking a proactive stance towards regulating the ever-expanding cryptocurrency sector. Proposed reforms aim to provide a more robust framework for overseeing digital assets, addressing concerns such as market integrity, investor protection, and financial stability. The European Securities and Markets Authority (ESMA) is at […]
Ukraine’s central bank warns against adding virtual assets to national reserves
Ukraine’s Central Bank Issues Caution on Including Virtual Assets in National Reserves The National Bank of Ukraine (NBU) recently issued a warning regarding the potential risks associated with incorporating cryptocurrencies into the country’s national reserves. The NBU’s caution comes as the latest development in the ongoing global debate surrounding the role of virtual assets in […]
Proya Misses Sales Estimates, Seeks Hong Kong Listing
Proya Misses Sales Estimates, Seeks Hong Kong Listing Proya, the renowned China-based skincare brand, recently faced a setback as it reported lower-than-expected revenue growth. The company, known for its innovative products and strong market presence, fell short of sales estimates, causing a stir in the industry. However, Proya is not one to back down in […]
Rent the Runway to Swap Debt for Equity in Revival Effort
Rent the Runway: Swapping Debt for Equity in Revival Effort Rent the Runway, the popular fashion rental platform, is making bold moves to secure its future by striking a deal to exchange debt for equity. The company has announced plans to give a controlling stake to its lenders and investors as part of a strategic […]
LuisaViaRoma Files for Court Protection Amid Deepening Financial Strain
LuisaViaRoma: Navigating Financial Turbulence Through Court Protection LuisaViaRoma, the renowned Florence-based luxury retailer, has recently made headlines as it filed for court protection amidst a challenging financial landscape. The company, known for its exquisite fashion offerings and impeccable service, is facing the repercussions of unpaid bills and a significant decline in sales. In a strategic […]
Indonesia considers adding Bitcoin to national reserves
Indonesia Considers Adding Bitcoin to National Reserves In a bold move that signals a significant shift in traditional financial strategies, Indonesia is contemplating the inclusion of Bitcoin in its national reserves. The recently established BPI Danantara agency is exploring the possibility of investing a substantial amount in the popular cryptocurrency, with plans to acquire as […]
Shiseido Sales Slide 7.6%, Profits Improve on Cost-Cutting Plan
Shiseido Sales Slide 7.6%, Profits Improve on Cost-Cutting Plan Shiseido, the renowned Japanese beauty giant, has recently faced a sales decline of 7.6% in the first half of 2025. Despite this challenging setback, the company has managed to achieve a remarkable 21.3% increase in operating profit. This positive upturn in profitability can be attributed to […]
New Chinese crypto ban rumours spark chatter but lack official backing
New Chinese Crypto Ban Rumours Spark Chatter But Lack Official Backing Rumours have once again surfaced regarding a potential ban on cryptocurrencies in China, causing a stir on social media and among investors worldwide. However, it is essential to note that no new official restrictions have been announced by Chinese authorities since the initial ban […]
Bank of Korea launches new crypto oversight unit
Bank of Korea Launches New Crypto Oversight Unit The Bank of Korea has taken a significant step towards embracing the growing influence of cryptocurrencies by announcing the formation of a new crypto oversight team. This move comes in response to the increasing popularity and adoption of digital currencies, as well as the need for more […]
Hong Kong to ban stablecoin promotions without a licence
Hong Kong to Ban Stablecoin Promotions Without a License Hong Kong is set to implement new regulations regarding the promotion of stablecoins in the city. Under these rules, only firms that have been licensed by the Hong Kong Monetary Authority (HKMA) will be allowed to promote fiat-referenced stablecoins. This move is aimed at ensuring the […]