Revolut, a fintech company known for its crypto-friendly approach, has announced its decision to discontinue cryptocurrency services for users in the United States. The firm cited the complex regulatory landscape in the country as the reason for this move. ...
XRP Healthcare and Spiritus Medical have announced a strategic partnership to bring cutting-edge ventilator technology to Africa. The partnership will see the two companies work together to distribute the SPIRITUS VITALITY Ventilator to medical facilities on the continent, starting...
OKX Ventures, the investment division of the cryptocurrency exchange, has invested $1 million in a Hong Kong-based AI startup, Moonbox. Moonbox deals with artificial intelligence (AI) technology with a Web3 focus and intends to utilize this funding to accelerate...
Bankrupt crypto exchange FTX has taken legal action to exclude its Dubai division from its ongoing bankruptcy proceedings in the United States. In the court documents filed on August 3, 2023, FTX claimed that its Dubai unit did not...
HashKey, a Hong Kong-based crypto exchange, has obtained full authorization to expand its services beyond professional investors and cater to retail users in the region. The regulatory breakthrough was possible through the upgrading of two of its previous licenses...
BlockFi, the bankrupt crypto lender, has received conditional approval from the U.S. Bankruptcy Court in New Jersey for its reorganization plan. In a joint announcement made on August 2, 2023, BlockFi and its Creditors revealed that the reorganization plan...
The Kenyan government has taken decisive action by suspending the Worldcoin project over fears of potential unauthorized collection and misuse of essential private data. According to a statement published on Facebook on August 2, 2023, the suspension will remain...
Binance is making a strategic return to the Japanese market with the launch of a dedicated platform designed specifically for local customers. This move comes after five years of absence. The exchange closed its operations in Japan back in...
Meta, the parent company of Facebook and Instagram, is making a strategic move to assert its dominance in the AI sector by introducing AI-powered chatbots with human-like personalities, according to a report by the Financial Times on August 1,...
The Bank of Korea has chosen three districts - Jeju, Busan, and Incheon - as pilot locations for the Central Bank Digital Currency (CBDC) trial. Referred to as the "private target CBDC test bed," this selection was confirmed on...
