As the world watches the lead-up to Tuesday’s pivotal U.S. presidential election, the Japanese Yen (JPY) has shown a remarkable resilience, appreciating against the U.S. Dollar (USD) amidst growing uncertainties. This movement comes in the wake of disappointing Nonfarm Payroll data that contributed to the USD’s decline, leaving market participants […]
In a significant development for the United Arab Emirates’ burgeoning digital finance ecosystem, Tether, the leading stablecoin issuer behind USDT, has unveiled its new dirham-pegged stablecoin on The Open Network (TON) blockchain. This initiative, announced by Alessandro Giori, Tether’s senior strategic partnership manager, at the TON Gateway event in Dubai, […]
In a groundbreaking move, BlackRock, the world’s largest asset manager, has reportedly acquired approximately $2.4 billion worth of Bitcoin this week, ahead of its anticipated Bitcoin ETF launch. This substantial purchase underscores a significant shift in institutional sentiment toward cryptocurrencies, particularly Bitcoin, which has long been viewed with skepticism by […]
Sheetz, a popular US convenience store chain, has further embraced the world of cryptocurrency by expanding its partnership with Flexa. This expansion allows customers to use a wide range of digital assets, including Bitcoin (BTC), Ethereum (ETH), and stablecoins like USD Coin (USDC), for in-store purchases at over 750 locations […]
Alibaba, the Chinese e-commerce giant, is the latest tech company to curtail its metaverse ambitions. In a recent restructuring move, the company has reportedly laid off dozens of employees from its Yuanjing metaverse unit. This decision aligns with a broader industry trend as tech giants shift their focus towards artificial […]
The intersection of traditional finance and digital assets is rapidly reshaping the global financial landscape. Max Avery, a prominent crypto advocate, has shed light on the pivotal role of Ripple in this transformative journey. Dispelling Misconceptions Avery addressed common misconceptions about Ripple’s partnerships with banks, emphasizing the company’s significant contributions […]
The recent BRICS Summit 2024 has reignited discussions about the potential shift in the global financial landscape. While the much-anticipated “BRICS Pay” platform or a unified currency failed to materialize, the summit showcased a growing movement towards de-dollarization. BRICS Expands Its Influence The BRICS bloc, consisting of Brazil, Russia, India, […]
Nvidia CEO Jensen Huang has been instrumental in driving demand for advanced AI chips, particularly high-bandwidth memory (HBM) chips. His recent request to SK Hynix to accelerate the production of HBM4 chips underscores the urgency to meet the growing needs of AI applications. SK Hynix Steps Up to the Plate […]
Tensions are brewing between Vietnam and US tech giants like Facebook, Google, and Equinix. The issue? A proposed Vietnamese data protection law that US tech companies believe could stifle their growth in the Southeast Asian nation. Vietnam’s Booming Tech Market Vietnam, with its population of over 100 million, is a […]
The U.S. government is stepping up efforts to recover millions of dollars in political donations made by former FTX executives Sam Bankman-Fried and Nishad Singh. A recent court filing revealed that the government is negotiating with several Democratic-aligned political action committees (PACs) to reclaim these funds. The PACs in question […]
