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Ghana Launches Centralized Online Foreign Exchange Trading Platform
2.8.2024
The Bank of Ghana has recently launched a centralized online foreign exchange trading platform. This platform aims to enhance secure and efficient operations in the foreign exchange market. As of August 1, 2024, all licensed Foreign Exchange Bureaux are mandated to use this platform for buying...
Justin Sun Offers to Host Musk vs. Maduro Fight in Grenada
1.8.2024
In a surprising turn of events, Tron founder Justin Sun has announced that the highly anticipated fight between Elon Musk and Venezuela’s President, Nicolás Maduro, could take place at the Grenada National Stadium. Sun, who was appointed as Grenada’s Ambassador and Permanent Representative to...
Veterans From EA, Nintendo, Blizzard and More Launch Bomberman-Style Web3 Game
1.8.2024
A subsidiary of Animoca Brands has launched the open beta of its new Web3-centric action game, Cosmic Bomber. Developed by industry veterans from Sony, Electronic Arts, Nintendo, Lucas Arts, and Blizzard, the game is now available to over 1.77 million holders of Moca ID, the identity layer...
California DMV Revolutionizes Vehicle Title Transfers With Avalanche Blockchain Integration
1.8.2024
The California Department of Motor Vehicles (DMV) has successfully integrated 42 million car titles onto the Avalanche blockchain network, which uses the cryptocurrency AVAX as its native token. This innovative system, developed by Oxhead Alpha, enables users to transfer vehicle titles within...
Bitcoin Core Discloses Two Security Vulnerabilities
1.8.2024
The Bitcoin Core project has disclosed two security vulnerabilities that could have affected the stability of the Bitcoin network. The first one, classified as having a high severity level, could have caused an assertion crash of the network via a message spam attack. The second one, with a...
‘Crypto President High Tops’ — Trump Reveals Limited Edition Bitcoin Sneakers
31.7.2024
Former U.S. President Donald Trump announced through a recent post on Truth Social that he is launching a line of Bitcoin-themed sneakers. “Just spoke at the Bitcoin Conference in Nashville, Tennessee on Saturday. It was GREAT! Get your Bitcoin Sneakers now. These are Limited Edition, they are each...
Huawei Aims to Drive AI Adoption in Africa With Data Center Expansion
31.7.2024
Chinese tech giant Huawei says it will leverage its experience to help African customers. The company aims to achieve this by providing storage products and services to manage data. Huawei will also offer cloud services to support African businesses. According to the company, data centers are...
CFTC Warns of Follow-on Frauds Targeting Victims Multiple Times
31.7.2024
The Commodity Futures Trading Commission (CFTC) warns about repeated fraud targeting victims multiple times, often by the same criminals. Common fraud types include relationship crypto frauds, also known as “pig butchering,” where scammers form online relationships, encourage...
Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops
31.7.2024
The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and debit cards, to save time and costs for consumers...
Polymarket Sets Position on Venezuelan Election Bet Outcome
30.7.2024
Polymarket, the cryptocurrency-based prediction markets platform, explained its position regarding the bet on the Venezuelan presidential election. While opposition forces alleged that voting fraud had been committed, President Nicolas Maduro, who led the bet most of the time, was proclaimed...
Slovenia Launches First Digital Bond in EU Sovereign History
30.7.2024
On July 25, 2024, Slovenia issued its first digital bond, marking a significant milestone as the first EU sovereign and one of the earliest worldwide to do so. The bond issuance occurred under the European Central Bank’s (ECB) wholesale central bank money settlement experimentation program....
Hong Kong Regulator Warns Against Proxinex for Suspected Virtual Asset Fraud
30.7.2024
The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning regarding Proxinex, an entity suspected of virtual asset-related fraud. Investors have encountered issues withdrawing virtual assets from Proxinex, later being informed that their accounts were nonexistent. The...
US Debt Crisis Deepens as National Debt Surpasses $35 Trillion
30.7.2024
The U.S. national debt has exceeded $35 trillion, highlighting the country’s severe fiscal challenges as debates over taxes and spending continue. The Congressional Budget Office forecasts the debt could surpass $56 trillion by 2034, driven by rising expenditures and interest costs outpacing...
Justin Sun Calls for Restoration of Bitcoin Emoji on X
29.7.2024
Justin Sun, founder of Tron, called for the restoration of the bitcoin emoji on X. Sun stated that the bitcoin emoji had become tradition, and that, as former U.S. president Donald Trump had declared, the original cryptocurrency was poised to surpass gold. “We humbly request restoring this...
Hong Kong Lawmaker Advocates for Bitcoin Inclusion in Strategic Fiscal Reserves
29.7.2024
Hong Kong legislator Wu Jiezhuang has proposed an initiative to consider the inclusion of Bitcoin in the region’s strategic fiscal reserves. This move, aimed at enhancing Hong Kong’s economic framework and accelerating Web3 development, underscores the growing global recognition...
Coinbase to Provide Custody for Australian Bitcoin ETF BTXX
29.7.2024
Digitalx, an ASX-listed company, has selected Coinbase to deliver custody and advanced trading execution services for its recently approved Bitcoin exchange-traded fund (BTXX) in Australia. This partnership will offer qualified Australian investors access to bitcoin and other digital assets via...
Former NBA Star Scottie Pippen to Tokenize Legendary Chicago Bulls Ball
28.7.2024
Scottie Pippen, a former Chicago Bulls’ small forward, 6-time NBA champion, and 2-time Olympic Gold medalist, has announced the tokenization initiative for a historic ball. Pippen alleges that he had saved the ball that started the Chicago Bulls dynasty, used in the fifth game of the team...
El Paso Man Fined $31M for Forex and Crypto Fraud
28.7.2024
A federal court has ordered Abner Alejandro Tinoco and his company, Kikit & Mess Investments LLC, to pay over $31 million for forex and cryptocurrency fraud. The order includes $6.2 million in restitution, $6.3 million in disgorgement, and an $18.8 million civil penalty. Tinoco and his firm...
Worldcoin Gets Hit With $200,000 Fine in Buenos Aires
28.7.2024
Worldcoin, the biometric, iris-based ID and universal basic income (UBI) project, has been sanctioned with fines for over $200,000 in the Buenos Aires province. The fines answer to several violations of the National Consumer Defense Law, such as the inclusion of abusive clauses in its terms...
Treasury Secretary Yellen Refutes Economist Nouriel Roubini’s Allegations of Financial Manipulation
28.7.2024
U.S. Treasury Secretary Janet Yellen has denied claims by economist Nouriel Roubini and former Trump administration official Stephen Miran that the Treasury manipulated the issuance of securities to lower real borrowing costs. Yellen assured in a Bloomberg interview that no such strategy had ever...