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On October 18th, it was reported that on October 17th local time, US Secretary of State Marco Rubio, regarding Ukraines access to Starlink, stated that no one in the White House had ordered a speed reduction. On October 14th, Ukrainian Presidential Advisor Viktor Beskrestnov posted on social media that SpaceX had imposed speed limits on the operational Starlink satellite internet system terminals overnight, and the Ukrainian military had not received any prior warning, resulting in the interruption of several missions. On the 15th, a source from the Ukrainian Ministry of Defense stated that the Starlink service used by the Ukrainian military had been restored to normal. On the 17th, Ukrainian President Volodymyr Zelensky stated that Ukraine had obtained evidence through comparative tests conducted in EU countries showing that the speed limit on Starlink satellite communication terminals was only effective within Ukraine.Conflict Update: 1. UKMTO reports tanker attack near Saudi waters. 2. Iranian Navy claims increasing number of tankers damaged due to "illegal" passage through the Strait of Hormuz. 3. Houthi rebels claim Saudi Arabia launched 53 airstrikes against Yemen in 24 hours. 4. Yemeni Houthi rebels claim to have shot down a Saudi Apache helicopter. 5. Iranian armed forces open fire to intercept vessels "illegally" passing through the Strait of Hormuz. 6. Iranian Revolutionary Guard claims two supertankers struck mines and exploded in the Strait of Hormuz on Saturday. 7. Saudi-led coalition: Intercepted and destroyed four drones in Riyadh and eastern and southern regions. Peace Talks: 1. Iranian Foreign Minister reiterates seven-day passage plan: next steps depend on the US. 2. Trump reiterates the war with Iran will end soon, gasoline prices will fall. Other Updates: 1. Egyptian President says he will provide protection for Saudi Arabia. 2. Yemeni Parliament Speaker urges Egypt not to get involved in the war. 3. Yemeni Houthi rebels release 159 detainees. 4. The foreign ministers of Egypt and Iran met to discuss the Middle East crisis. 5. Russian Deputy Prime Minister: Oil prices will surge further if the Strait of Hormuz closure continues. 6. Israeli Prime Ministers Office: Violence against European diplomats is "unacceptable." 7. US media: Iran provided Houthi rebels with target location and intelligence to assist their attacks on Saudi Arabia. 8. According to the Wall Street Journal: The Houthi rebels have reportedly established joint command centers in Lebanon and Iraq. 9. Pakistan temporarily closed its border trade route with Iran; Iranian Foreign Minister: Border crossings and exchanges are temporarily suspended. 10. US Central Command spokesperson: The Strait of Hormuz remains open to navigation; approximately 97% of transit vessels were not hit by Iran.According to RIA Novosti, the Russian Interior Ministry stated that the black market is flooded with weapons from the conflict zones in Ukraine.Saudi Arabias Civil Defense Ministry said the alert for Riyadh has been lifted.On October 18, the Iranian government stated that Iranian Foreign Minister Araqchi met with Turkish Foreign Minister Fida on Saturday during the Organization of Islamic Cooperation (OIC) meeting in Baghdad, Iraq. The two sides discussed the situation in the Strait of Hormuz and regional tensions. The Iranian government stated that they discussed bilateral relations as well as the situations in Gaza and Yemen, emphasizing the importance of easing regional tensions through diplomatic means. Araqchi briefed Fida on the latest developments and related diplomatic moves in the Persian Gulf and the Strait of Hormuz, stressing that Islamic countries should strengthen cooperation to jointly address regional challenges. Furthermore, Araqchi called on OIC member states to take action to stop what he called Israeli genocide and to jointly combat Islamophobia.

Crypto.com chooses Paris for European headquarters

Jimmy Khan

Oct 13, 2022 15:57

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The Singapore-based business announced on Wednesday that the cryptocurrency network Crypto.com would establish its European regional headquarters in Paris.


In a statement, the company said it will spend 150 million euros ($145.7 million) in France to help launch its market operations. It also claimed it would engage local expertise for compliance, business development, and product roles.


The French market authority granted regulatory authorisation to the bitcoin trading platform, which has more than 50 million users globally, last month. This permits it to provide goods and services to clients in France.


Earlier this year, Crypto.com also received regulatory authorisation in the UK and Italy.


A formal license to establish a regional headquarters in France is currently being sought, according to David Prinçay, general manager of Binance France, who announced in May that the cryptocurrency exchange had registered with France's market regulator.