Time and money are largely interchangeable terms. - Winston S. Churchill

William

William

In Zimbabwe, a Committee Was Created to Regulate the Crypto Industry

In Zimbabwe, a Committee Was Created to Regulate the Crypto Industry

The authorities in Zimbabwe have undertaken the development of regulations for the crypto industry. To this end, a committee has been formed to consult with experts and service providers. The information gathering on virtual assets will continue until June 26. The Zimbabwean authorities have started developing rules for the regulation

Tether Plans to Invest Over $1 Billion in Diverse Industries Including AI and Biotechnology Over the Next Year

Tether Plans to Invest Over $1 Billion in Diverse Industries Including AI and Biotechnology Over the Next Year

Tether, the issuer of the popular stablecoin USDT, has announced an ambitious investment strategy for the upcoming year, planning to funnel over $1 billion into various sectors. This bold financial commitment will focus on enhancing financial infrastructures, advancing artificial intelligence (AI), and developing biotechnological innovations, as confirmed by Bloomberg citing

National Bank of Georgia Plans to Involve Ripple Labs in the Country's Economic Digitization

National Bank of Georgia Plans to Involve Ripple Labs in the Country's Economic Digitization

Recently, a significant meeting took place in Tbilisi between representatives of the National Bank of Georgia (NBG) and Ripple Labs. The main topic of discussion was Ripple Labs' involvement in projects aimed at the economic digitization of the country, underscoring the strategic partnership that has been in place since 2023.

Venture Firm Shima Capital Suspected of Misappropriating Investments from Dragonfly and Galaxy Digital

Venture Firm Shima Capital Suspected of Misappropriating Investments from Dragonfly and Galaxy Digital

A Deep Dive into the Allegations and the Fallout: What Lies Ahead for Shima Capital? In a startling revelation, the venture firm Shima Capital, headed by Yida Gao, is under scrutiny for allegedly misappropriating investments from renowned financial players including Galaxy Digital, Dragonfly, and billionaire Bill Ackman. This investigation, spearheaded

Gary Gensler: Disclosure Does Not Absolve Crypto Exchanges from Liability

Gary Gensler: Disclosure Does Not Absolve Crypto Exchanges from Liability

SEC Chairman Gary Gensler has issued a stern warning to crypto exchanges that fail to comply with the law, emphasizing that mere disclosure of risks does not shield platforms from accountability. In an interview with CNBC, he discussed the regulatory framework for trading platforms and the broader cryptocurrency market. Gensler

Spot Bitcoin ETFs Record Second Largest Capital Inflow Ever

Spot Bitcoin ETFs Record Second Largest Capital Inflow Ever

On June 4, the U.S. sector of spot Bitcoin ETFs recorded a net capital inflow of $886.75 million. This marks the second-largest inflow since the launch of these products. The positive trend has been continuing for 16 consecutive trading days. The Fidelity crypto fund attracted the most funds.

Thailand’s SEC Approves Launch of the First Spot Bitcoin ETF by One Asset Management

Thailand’s SEC Approves Launch of the First Spot Bitcoin ETF by One Asset Management

On June 4, 2024, Thailand's Securities and Exchange Commission (SEC) marked a significant milestone in the country's financial landscape by officially approving the launch of the first spot Bitcoin Exchange Traded Fund (ETF). This landmark approval was granted to One Asset Management (ONEAM), positioning it as a pioneer in the

US Navy Unveils PARANOID Blockchain Technology to Safeguard Against Cyberattacks

US Navy Unveils PARANOID Blockchain Technology to Safeguard Against Cyberattacks

The United States Navy has introduced a new blockchain technology named PARANOID, designed specifically to protect software from cyberattacks. Initially created by the Naval Air Warfare Center Aircraft Division (NAWCAD) for the U.S. Navy's aviation programs, this cutting-edge solution is now being offered to private sector companies for commercialization.

Leadership Changes at Bybit Following Notcoin Listing Incident Affect 320,000 Users

Leadership Changes at Bybit Following Notcoin Listing Incident Affect 320,000 Users

Several top executives at the cryptocurrency exchange Bybit have reportedly resigned following complications related to the listing of a new cryptocurrency, Notcoin (NOT). The incident, which occurred in mid-May, has impacted approximately 320,000 users of the platform, according to journalist Colin Wu. Wu linked the resignations directly to the

Mastercard Launches Crypto Credential for Simplified P2P Cryptocurrency Transfers Across Europe and Latin America

Mastercard Launches Crypto Credential for Simplified P2P Cryptocurrency Transfers Across Europe and Latin America

Mastercard has introduced a pilot project named Crypto Credential, aimed at revolutionizing how cryptocurrency transactions are conducted. This innovative service allows users to send cryptocurrencies to any exchange client using easy-to-remember nicknames instead of complex blockchain addresses. Initially available in select European and Latin American countries, this initiative marks a