The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input…
Tag: Bitcoin
China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation
China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while…
Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts
Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2%…
Gotbit Hedge Fund: Memes Are Driving the Next Wave of Blockchain Innovation
Memecoins, initially a niche in the digital asset world, have grown into a significant force within the blockchain and crypto markets. These tokens, often associated with cultural references and humor, present unique opportunities for substantial financial gains, drawing in traders…
Pip Labs Raises $80 Million at a $2.25 Billion Valuation to Protect IP via Blockchain
Pip Labs has raised $80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $2.25 billion. The round aims to extend the development of Story, a blockchain aiming to tokenize and protect what…
How to Make Bitcoin Spendable Again With Tectum Founder and Lead Architect Alex Guseff
Tectum, developed by Crispmind, is the world’s fastest layer-1 blockchain, achieving 3.5 million transactions per second through a proof of utility consensus mechanism. It guarantees seamless, private transactions using layered processing and zero-knowledge proofs. Alex Guseff, the owner of Crispmind,…
Report: Crypto Industry Spends Record $119 Million in 2024 Federal Elections
The crypto industry made waves in the 2024 federal elections by investing a staggering $119 million, positioning itself as the top corporate donor of the election cycle, according to a detailed report by citizen.org. This hefty financial contribution underscores the…
Polymarket Wager Shows Trump Taking the Lead in Nail-Biting 2024 Election Bet
On Aug. 22, 2024, Polymarket odds showed former President Donald Trump leading in the prediction market that pits him against Kamala Harris for the 2024 presidential election. As of 8:19 a.m. EDT on Thursday, Trump held a 53% chance of…
Lack of Cohesion Hinders AI Adoption in Africa, NEPAD Boss Says
Nardos Bekele, CEO of NEPAD, believes AI can significantly benefit Africa by addressing various challenges and accelerating progress towards Agenda 2063. Although AI offers potential improvements in sectors like health, education, and agriculture, challenges such as fragmented digital infrastructure and…
QR Code Scams: TN Attorney General Issues Warning
The Tennessee Attorney General’s Office has issued a QR code scam alert, warning consumers about fraudulent QR codes used in various scams, including fake cryptocurrency investments. Consumers are urged to verify sources, check codes for tampering, and use secure scanner…