Governor Ron DeSantis has emphasized his commitment to preventing the adoption of centrally backed digital currencies (CBDC) in Florida. He cited concerns about their potential to monitor every transaction. He stated that Florida residents would not accept a CBDC...
Ripple is set to spend a staggering $200 million on its legal defense against the United States Securities Exchange Commission (SEC). Ripple's CEO, Brad Garlinghouse, revealed this information during a fireside chat at the Dubai Fintech Summit on May...
OKX has announced its plans to establish an office in Turkey in the coming months. The company made the announcement just before the Blockchain Economy Istanbul Summit 2023, where it serves as a Title Sponsor and Premium Partner. According...
According to Reports from Local Media, on May 7, 2023, the Philippine National Police rescued 1,090 individuals who were trafficked into the country from various Asian countries and coerced or convinced to endorse fraudulent cryptocurrency investments. The operation was...
China has released a draft proposal outlining how to manage financial experiments related to cryptocurrencies as it seeks to expand its involvement in the crypto industry. Despite the Chinese government’s concerns about the risks associated with digital currencies, the...
Zimbabwe is set to offer its gold-backed digital currency for investors at a minimum price of $10 for individual buyers and $5,000 for businesses and other entities. The offer will be available for a limited time from May 8,...
The Kenyan Government has proposed new taxation measures to boost the country's domestic revenues and reduce its fiscal deficit amidst a persisting financial crunch. The African country is targeting its digital economy with this proposed tax regime. The new...
Letitia James, New York State Attorney General, has proposed a program bill to the State's Legislature to establish new guidelines for cryptocurrency firms, with the primary objective of safeguarding investors and consumers. The proposed legislation, known as the CRPTO...
Blockchain technology provider nChain has announced it would invest $2.4 million in Asset Layer, a digital asset platform utilizing blockchain technology, and obtain a 20% equity stake in the company. The investment is expected to facilitate a relationship between...
According to an internal document by Luke Sernau, a senior software engineer at Google's artificial intelligence (AI) efforts are threatened by the open-source community. Sernau argued that independent researchers who use open-source technology are making rapid and unexpected progress...
