Day: 31 July 2025

Meta’s $72 Billion AI Investment: A Strategic Shift from the Metaverse to Artificial Intelligence

Meta continues to reshape its future by shifting its focus from the metaverse to artificial intelligence (AI), committing approximately $72 billion to this ambitious pivot. The company has identified AI as the cornerstone of its next growth phase, redirecting resources toward cutting-edge machine learning and AI development. Today Mark shared ...

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South Korea to Roll Out Official Crypto Lending Guidelines in August Amid Investor Risk Concerns

South Korean financial authorities are set to introduce formal regulations on cryptocurrency lending services next month, as the country intensifies its efforts to strengthen investor protection and rein in risky leveraged crypto products. On Thursday, the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) announced the launch of ...

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Philippines Launches Blockchain Notarization on Polygon Amid Network Outage

The Philippine government has officially rolled out a blockchain-powered document notarization system on the Polygon network — coincidentally on the same day the blockchain experienced a temporary service disruption. Maria Francesca Montes Del Rosario, Undersecretary at the Department of Budget and Management (DBM), confirmed the launch in a Facebook post ...

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CoinDCX Employee Arrested Following $44 Million Crypto Heist Linked to Social Engineering Attack

An employee of Indian cryptocurrency exchange CoinDCX has been arrested in connection with a massive $44 million security breach that occurred in mid-July, according to multiple local media reports. Rahul Agarwal, a software engineer employed by CoinDCX’s parent company Neblio Technologies, was detained by the Bengaluru City police after it ...

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Coinbase Mocks UK’s Financial Woes in Satirical Video as Economic Vulnerability Surges

Crypto exchange Coinbase has released a biting satirical video targeting the United Kingdom’s worsening economic conditions and stagnant crypto policies, as fresh data shows a sharp rise in financial vulnerability across the country. The video, titled “Everything is Fine,” presents a dark musical parody that highlights the stark contrast between ...

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PowerBank and Intellistake Join Forces to Launch Bitcoin Treasury and Tokenized Energy Assets

PowerBank Corporation has announced a strategic alliance with Intellistake Technologies to integrate Bitcoin into its treasury operations and explore tokenization of real-world assets (RWA), positioning the companies at the forefront of digital asset adoption in the energy sector. As part of the partnership, PowerBank will begin accumulating Bitcoin as a ...

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Peter Schiff Warns Stablecoins May Harm U.S. Treasury Markets and Raise Borrowing Costs

Economist and veteran crypto skeptic Peter Schiff recently raised concerns about stablecoins, arguing that they could disrupt U.S. Treasury markets and broader financial stability. Schiff challenged the common belief that stablecoins add liquidity to Treasury demand, instead asserting that these digital assets divert funds away from traditional money markets without ...

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