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The assets, worth €183 billion and held mostly at Euroclear in Brussels, would fund Ukraine's defense and budget needs now, with repayment from future Russian reparations. De Wever demands EU-wide risk sharing and points to Belgium's ongoing aid via taxes on the assets' interest, expected to yield €1 billion next year. EU allies criticize Belgium's handling of those funds, while the standoff highlights strains in supporting Ukraine amid shifting U.S. policies. Diplomats hope for progress at December's summit.

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Belgian Prime Minister Bart De Wever wrote a firm letter this week, calling the EU's proposal to back €140 billion in loans with frozen Russian funds fundamentally wrong. He worries it breaks international law and risks Belgium's financial standing.

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Uniswap Labs launched this integration with Europe's largest finance app, available now in 26 EU countries excluding Hungary and the UK. Users select Revolut at checkout, pick from over 40 tokens on chains like Ethereum and Polygon, and get crypto delivered fast with no extra ID checks for existing customers—just network fees apply. It supports a dozen fiat currencies and builds on other onramps, with sell options coming soon to blend DeFi seamlessly with everyday banking.

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Imagine buying ETH or USDC right in your Uniswap wallet with a simple tap—no app switching needed. Revolut's 65 million users across Europe can now fund their wallets using debit cards, bank transfers, or even Apple Pay.

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Unveiled in Ottawa on December 12, 2024, the $7.5 million Memorial to the Victims of Communism honors those who suffered under communist rule and celebrates Canada as a refuge. Historians in 2023 flagged over 330 of the proposed names for potential Nazi collaborations, unverifiable details, or lack of Canadian ties, including figures like Roman Shukhevych and Janis Niedra. The wall will now display thematic content, such as the fall of the Berlin Wall, to focus on broader history without individual listings. The change highlights the tangled histories of Eastern European anti-communist fighters.

Key Takeaway

The memorial's planned Wall of Remembrance aimed to honor 553 individuals who fled communist regimes. But concerns over Nazi and fascist links among many names led officials to scrap the idea entirely.

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Ukraine's anti-corruption bureau charged Timur Mindich and Oleksandr Tsukerman with embezzling around $100 million from state nuclear firm Energoatom through inflated contracts, kickbacks, and laundering. Mindich, a former co-owner of Zelenskyy's Kvartal 95 studio, and Tsukerman now face wanted notices and sanctions from Israel, complicating extradition. The case led to resignations of Ukraine's justice and energy ministers amid the war-torn energy sector's struggles. It tests Zelenskyy's reform promises as nuclear power remains crucial for the nation's fragile economy.

Key Takeaway

Raids revealed stacks of cash and a gold-plated toilet in one suspect's apartment, exposing a scheme that drained Ukraine's vital nuclear power funds. The businessmen, tied to Zelenskyy's entertainment past, fled to Israel just before investigators closed in.

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Reports today detail problems like password changes, failed recoveries, and account restrictions across PayPal, Google, LinkedIn, and Payoneer. Unauthorized transactions held up funds in some PayPal cases, while LinkedIn users dealt with repeated lockouts. No outages or breaches show on status pages, with experts pointing to phishing, weak passwords, or old leaks like the 15 million PayPal credentials exposed earlier this year. Platforms urge quick recovery tries, two-factor setup, and official support contacts for fixes.

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One person lost access to a Gmail account from 2007, despite every recovery step they knew. Others faced unauthorized logins and locked PayPal funds, turning frustration into urgent pleas for help.

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Hanke described Bitcoin as a highly speculative asset lacking fundamental value, amid its trading around $93,000 with a $1.8 trillion market cap on December 4. Critics like The Great Martis listed drawbacks including extreme volatility, low transaction speeds of 3-7 per second, high fees, massive energy use, and crime ties. Supporters countered by comparing it to gold's scarcity-based value, noting Lightning Network for fast cheap payments, over 50% renewable energy, low illicit activity at 0.14% of volume, and falling volatility with growing adoption.

Key Takeaway

Steve Hanke, the Johns Hopkins economist, shared a cartoon this week spotlighting Bitcoin's wild price swings. He's held this skeptical view since the cryptocurrency's early days.

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