Zimbabwe's central bank has defied warnings from the International Monetary Fund (IMF) and issued digital tokens backed by gold worth $39 million. This decision comes as the country grapples with high inflation and volatile currency fluctuations. The tokens were...
South Korean legislator Kim Nam-kuk has resigned from the Democratic Party following allegations of involvement in cryptocurrency activities while participating in the enactment of the country’s digital assets legislation. Kim declared his intention to prove his innocence and noted...
On May 15, 2023, Samsung Electronics and the Bank of Korea (BOK) signed a memorandum of understanding (MOU) to form a strategic partnership to conduct extensive research on offline capabilities of the central bank digital currency (CBDC) for payments. ...
OpenAI CEO Sam Altman is reportedly in "advanced talks" to secure $100 million in funding for Worldcoin, a project focused on creating a globally distributed and cooperatively owned cryptocurrency. The funding is expected to come from a private token...
HSBC Securities (HSI) and Scotia Capital, the investment subsidiary of Scotiabank, have been fined by the United States Securities and Exchange Commission (SEC) for violating recordkeeping rules. According to the SEC, the managing directors and senior supervisors responsible for...
Romanian authorities have taken a radical approach to AI use and regulation by adopting "Ion," an AI-powered robot designed to help the government better understand the societal challenges its citizens face. According to a report by The Financial Times,...
On May 12, 2023, a Montenegrin Court approved the bail terms for Do Kwon, the founder of Terra Luna and former CEO of Terraform Labs, who was charged with document forgery, a criminal offense under Montenegrin law. Do Kwon...
Lawmakers in the Texas House of Representatives have approved a new amendment to the state's Bill of Rights that protects individuals' freedom to own, hold, and use digital currencies. The decision was made on May 3, 2023, with an...
According to a recent interview with officials from European airlines Lufthansa and Eurowings, travel companies are embracing Web3 technologies to propel the industry forward. Lufthansa and Eurowings are among the early adopters of the Camino Network, a blockchain platform...
Former FTX compliance chief, Daniel Friedberg, has agreed to collaborate with class action lawyers in a lawsuit against celebrities accused of promoting the bankrupt crypto exchange. According to an amended complaint filed in a Florida District Court on May...
