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

IT

Near Foundation partners with Alibaba Cloud

Photo by Emile Perron / Unsplash

Near Foundation has announced a strategic partnership with Alibaba Cloud, a division of the tech giant of the same name.

The agreement is designed to facilitate the development of Web3 in Asia, as well as to accelerate the scaling of the protocol ecosystem.

Read next

Tesla Shares Shocked: Quotes Fall 10%

Tesla Shares Shocked: Quotes Fall 10%

Investors are pondering how Musk will pay for his Twitter purchases. According to Bloomberg, Musk has only $2 billion in cash. Market participants assume that Musk will have to sell Tesla stock.

Hong Kong Securities and Futures Commission Announces Comprehensive Review of Cryptocurrency Companies

Hong Kong Securities and Futures Commission Announces Comprehensive Review of Cryptocurrency Companies

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

Dutch Court Sentences Tornado Cash Developer Alexey Pertsev to 64 Months in Prison for Assisting in $2 Billion Money Laundering Scheme

Dutch Court Sentences Tornado Cash Developer Alexey Pertsev to 64 Months in Prison for Assisting in $2 Billion Money Laundering Scheme

A Dutch court has found Alexey Pertsev, the developer behind the cryptocurrency mixer Tornado Cash, guilty of aiding in the laundering of over $2 billion. Pertsev has been sentenced to 64 months of imprisonment. The court's decision was delivered amidst broader scrutiny over the role of cryptocurrency in financial crimes,