Finance
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
Finance
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
Finance
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
Finance
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.
Finance
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
Finance
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
Finance
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
IT
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
Finance
Cathy Wood, the CEO of ARK Invest, has made a bold prediction about El Salvador's economic future, suggesting that its Gross Domestic Product (GDP) could increase tenfold, reaching $300 billion by 2029. This significant growth is anticipated to stem from the country's adoption of artificial intelligence
Finance
In an effort to regulate the bustling cryptocurrency market within its jurisdiction, the Hong Kong Securities and Futures Commission (SFC) has announced plans to conduct a thorough examination of all cryptocurrency trading platforms that seek to operate legally in the region. Starting June 1st, the SFC will begin on-site inspections
Finance
In the world of finance and digital currencies, the U.S. Securities and Exchange Commission (SEC) plays a pivotal role in determining the trajectory of investment vehicles such as exchange-traded funds (ETFs). Recently, the spotlight has turned to the potential approval of cryptocurrency spot ETFs, particularly those involving newer tokens
Finance
In a striking political move, former U.S. President and current presidential candidate Donald Trump has declared his support for the cryptocurrency industry, making headlines with his commitment to free Ross Ulbricht, the founder of the infamous darknet marketplace Silk Road. Trump's remarks came just hours before his