WAO ART #257

Bitcoin prices have surged in Nigeria, Turkey, and Argentina as citizens seek refuge against high inflation rates and currency devaluation. In Nigeria, Bitcoin is selling for N28.4 million, while in Argentina it is selling for 12.4 million Argentine pesos, and in Turkey for 979,000 Turkish lira.

Ben Armstrong, also known as BitBoy, has declared himself the "Sultan of Solana," causing a stir in the crypto community. Some see it as a way for Armstrong to maintain relevance, while others view it as a publicity stunt.

The Australian Consumer Price Index (CPI) has surprised with higher-than-expected inflation, potentially leading to a restart of the Reserve Bank of Australia's hiking cycle. The RBA may need to revise its inflation projections as GDP and labor market data remain strong.

Michael Barr, vice chair of supervision at the Federal Reserve, emphasized the importance of research on traditional payment methods, alongside innovations in payments. He stated that while topics like fast payment networks and digital currencies are important, they should not overshadow legacy systems.

An "air bridge" has been established between Acapulco and Mexico City to assist stranded tourists. Aeromexico was the pioneering airline to conduct evacuation flights from the affected city of Acapulco. The initiative aims to provide relief and support to travelers impacted by unforeseen circumstances in the region.

The EU and Japan have reached a deal on cross-border data flows, which is expected to boost the EU data economy. The agreement aims to make doing business online easier and more efficient. The deal was concluded during a gathering of G7 trade ministers in Japan.

Binance, the largest digital assets exchange, has appointed Kyrylo Khomiakov as its new regional head for Central and Eastern Europe (CEE) and Central Asia. This move comes as Binance seeks to increase its presence in Eastern Europe and the post-Soviet space.