European
Demand for widely used euro stablecoin is huge, says DeFi expert
The market capitalization of Tether (USDT), a United States dollar-pegged stablecoin, is currently over $65 billion. USD Coin (USDC), another stablecoin backed by the U.S. dollar, clocks in near $55 billion. Some reports estimate that the total market cap of dollar-backed stablecoins is over $160 billion. Despite this success of dollar-based stablecoins, there has not been a euro stablecoin that is even remotely comparable in size. By the end of June, the U.S.-based company Circle announced that it will launch its own euro stablecoin, Euro Coin (EUROC), on the Ethereum blockchain. With a euro-based stablecoin, uncomplicated euro transfers will be possible worldwide in the future, as is currently the case with the U.S. dollar. Instead of the eurozone-based business, Circle has opted to issu...
Inflation spikes in Europe: What do Bitcoiners, politicians and financial experts think?
Rising prices are grabbing headlines all over the world. Across the pond in the United States, inflation recently broke a 40-year record. The situation is severe in Europe, with prices rising over 5% across the Eurozone and 4.9% in the United Kingdom. While prices rise, Bitcoin (BTC) is flatlining at around $39,000. It poses many questions: Is Bitcoin an effective hedge against rising prices, what role can Bitcoin play in a high inflation environment and did Bitcoiners know that inflation was coming? Experts from the world of Bitcoin, finance and even European politics responded to these questions, sharing their views with Cointelegraph about the alarming price rises in Europe. From data analysts Kaiko’s monthly report, the Bitcoin price marched ahead of inflation, implying...
NFTs to help brewers and farmers preserve UNESCO Belgian beer heritage
Brewers and farmers from Belgian Barrels Alliance (BBA) have partnered with Zeromint to offer nonfungible tokens (NFTs) aimed at preserving the UNESCO recognized Belgian beer culture and heritage. As a part of the partnership, Zeromint will mint and offer exclusive NFTs on the GoChain blockchain, which will be made available for international beer fans via BBA. Starting today, the organization will run several BBA NFT collection projects around sustainability and the preservation of Belgian beer heritage for the next 14 days. According to the official statement, the first Belgian Barrels NFT auction will be used to recruit 11 participants for acting in a BBA-produced movie titled Belgian Barrels: “The aim of the movie project is to further eternalize the Belgian Beer history through ...
Euro 2020: UEFA name German referee for England vs Ukraine
German referee Felix Brych will take charge of England vs Ukraine – just days after the Three Lions dumped his nation out of Euro 2020. Raheem Sterling and Harry Kane grabbed the goals as Gareth Southgate’s side defeated Germany 2-0 at Wembley on Tuesday. That was enough to fire England into the quarters where they are now preparing to take on Ukraine in Rome. And the man in the middle will be someone who would have wanted England to lose two days ago. Brych is Germany’s representative at Euro 2020 and one of the best-known referees in the world. He took charge of Portugal’s last 16 exit to Belgium, a match in which he dished out five yellow cards. He’s already refereed Ukraine at this tournament, overseeing their thrilling 3-2 defeat to Holland. That match saw Ukraine boss Andriy Shevchen...
COVID-19: Hard choices made by Nigeria responsible for successful impact – President Buhari
President Muhammadu Buhari has said the hard choices made by his administration to tackle the coronavirus pandemic ravaging the world have yielded successful impacts. The president, who addressed Nigerians in a nationwide broadcast on Saturday to mark the 2021 Democracy Day, was referring to some measures, including travel restrictions across the states of the federation and beyond, compulsory use of nose masks, hand washing protocols and other relevant protocols instituted to limit spread of the virus. Mr Buhari said; “Our response to the pandemic involved making hard choices in balancing livelihoods and public health concerns. “You are all living witnesses to how successful this has been due to a number of proactive measures put in place. Our response to COVID-19 is globally acclaimed. “...
UEFA supremo: Barcelona, Real Madrid & Juventus ‘paralysed themselves’ with ‘strange’ Super League approach
Barcelona, Real Madrid and Juventus have “paralysed themselves” with their “strange” approach to the Super League, according to UEFA president Aleksander Ceferin. A controversial proposal for a new competition to rival the Champions League was met with universal condemnation in April, leading to the withdrawal of nine of the original 12 founding clubs. The Super League plans were subsequently put on hold, but Barca, Real and Juve have vowed to continue pushing for change despite being threatened with serious sanctions by UEFA, who are in the process of investigating their involvement in the breakaway. The three remaining clubs released a statement criticising European football’s main governing body last week, which read: “FC Barcelona, Juventus FC and Real Madrid CF wish to express their a...
Robin van Persie wants Chelsea boss to give Hakim Ziyech ‘much bigger role’
Former Arsenal forward Robin van Persie has urged Chelsea manager Thomas Tuchel to give “a much bigger role” to Hakim Ziyech. The 28-year-old has made 39 appearances for the Blues across all competitions since teaming up with the side last summer. The winger has played in a number of roles under Tuchel and Van Persie has expressed his displeasure with this, since the Morocco international does not have a definite role at the club. “It is actually a shame that the creativity of players like Ziyech, Pulisic and Kovacic – who I think is a brilliant player – is not being expressed,” Van Persie told De Telegraaf. “Kovacic is their engine and playmaker. Ziyech also has those qualities higher up the pitch, but he should have a much bigger role in the team. “He is now constantly searching [for a p...
Super League: UEFA begins disciplinary proceedings against Barca, Real Madrid, Juventus
UEFA have announced that disciplinary proceedings have been opened against Barcelona, Real Madrid and Juventus for a potential violation of their legal framework. The decision comes following an investigation conducted by UEFA Ethics and Disciplinary Inspectors in connection with the so-called Super League project, and further information will be made available in due course, according to their statement. The three are the last men standing in the Super League project. Initially there was 12 clubs involved; Atletico Madrid, Milan, Inter, Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur were part of a shoddy launch. The six English clubs left first, with Atletico, Milan and Inter following shortly after. Madrid’s Florentino Perez and Juventus’ Andrea Agn...
WTO chief: Patent waiver not enough to close vaccine gap
World Trade Organisation (WTO) Director-General, Dr. Ngozi Okonjo-Iweala, has said that intellectual property waiver alone will not be enough to narrow the huge COVID-19 vaccine supply gap between rich and poor countries. She told the European Parliament that it was clear that discussions around vaccine patents alone would not suffice, saying that global leaders should do more to ensure that there is equitable production and distribution of the jabs. Okonjo-Iweala said developing countries had complained that the licensing process was cumbersome and should be improved upon. She added that while it makes sense to protect research and innovation, it is also important to expand access to the vaccines. According to her, manufacturers should work to expand production, pointing to idle capacity ...
Ex-US envoy: British museum holds over 700 pieces of Benin bronzes
The British Museum, the world’s first national public museum, currently holds 700 pieces of the Benin Bronzes collection, more than any other museum and other institutions globally, a former United States Ambassador to Nigeria, Dr. John Campbell has said. Campbell, however, acknowledged that the authorities of the British Museum had agreed “to return the Benin Bronzes collection once the Edo Museum of West African Art, currently under construction in Benin City is completed.” He gave this figure in a blog post titled “Germany to Return Some African Art to Nigeria” published on the website of Council for Foreign Relations (CFR), a US non-profit think-tank specialising in international affairs on Wednesday. More than a century after British soldiers looted a collection of priceless artifacts...
UEFA ‘seriously considering’ switching Champions League final to Wembley
Europe’s governing body, UEFA, are reported to be ‘seriously considering’ switching the upcoming Champions League final to Wembley, the clash set to be an all-English affair. At present, the final is set to be played in Turkey’s capital Istanbul, at Ataturk Olympic Stadium, the arena having already missed out on hosting the showpiece last season due to the Covid-19 pandemic, the last phase of the knockout stage having been moved to Portugal. However, despite missing out on hosting last year’s final, they could well be set to suffer the same fate this term, amid calls to move the final to England, after both Manchester City and Chelsea progressed from their semi-final encounters with Paris Saint-Germain and Real Madrid, respectively. With an all-English final on the way, it seemingly makes ...
German foreign minister: EU veto ‘hostage’-taking on foreign policy must end
Germany’s foreign minister said on Monday the European Union should abolish the right of individual member states to veto foreign policy measures as the 27-nation bloc could not allow itself to be “held hostage”. His comments, which came days after a more junior official criticised Hungary by name, reflect growing frustration in Berlin at the way in which EU member countries can prevent the bloc from acting in matters on which almost all members agree. “We can’t let ourselves be held hostage by the people who hobble European foreign policy with their vetoes,” Heiko Maas told a conference of Germany’s ambassadors in Berlin. “If you do that then sooner or later you are risking the cohesion of Europe. The veto has to go, even if that means we can be outvoted.” His remarks amount to a highly u...