Bitcoin prices fell to their lowest level in 16 months, reaching $60,000, despite former US President Donald Trump's public support for cryptocurrency, according to BBC Technology. Meanwhile, in Malawi, thousands of businesses closed in protest over new tax changes, as reported by The Guardian. Elsewhere, China overturned the death sentence of a Canadian citizen, potentially signaling a diplomatic thaw, and Storm Leonardo continued to batter Europe and northern Africa. Emails also revealed details of Prince Andrew's relationship with financier David Rowland, as reported by BBC Business.
The drop in Bitcoin prices, which occurred two days prior, followed months of surging prices that saw the cryptocurrency hit an all-time high of $122,200 in October 2025, according to BBC Technology. Joshua Chu, co-chair of the Hong Kong Web3 Association, told Reuters that investors who bet too big or borrowed too much were now experiencing market volatility. Trump's involvement in the sector had previously encouraged investors.
In Malawi, shop owners and small businesses protested the new Electronic Tax Invoicing System (EIS), which they feared would cripple their livelihoods, The Guardian reported. Demonstrations across the country's four main cities led to a delay in the introduction of the new tax regime. Tens of thousands of people signed petitions.
China's decision to overturn the death sentence of Canadian Robert Lloyd Schellenberg, who was detained on drug charges in 2014, was announced on Friday, according to The Guardian. This move was seen as a possible sign of a diplomatic thaw as Prime Minister Mark Carney sought to boost trade ties with Beijing.
Storm Leonardo continued to bring torrential rain and strong winds to the Iberian peninsula, with Spain's state meteorological agency issuing its highest red alert for heavy rainfall in Cádiz and parts of Málaga, The Guardian reported. Flash floods in Morocco forced over 100,000 people to evacuate.
Emails obtained by BBC Business revealed that Prince Andrew considered David Rowland his "trusted money man," according to the source. The emails showed Andrew trying to promote Rowland's financial ventures while he was the UK's trade envoy. However, Jeffrey Epstein appeared reluctant to engage with Rowland after being warned about the "shady financier" label by the UK press.
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