The Wall Street Journal’s investigative article shed light on the questionable financial practices employed by Tether, Bitfinex, and related companies. The majority stake of both Tether and the Bitfinex exchange is owned by iFinex, a corporation established in the Virgin Islands. The article claimed that the group of entities surrounding iFinex attempted to maintain their
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Nokia is gearing up to lead the charge in technological advancements, with a keen eye on the evolving landscape of the metaverse, Web3, and AI. The company’s Technology Strategy 2030 report sets the stage for an unprecedented growth in network demand by 2030, fueled by the exponential rise of these transformative technologies. A pivotal aspect
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After Apple announced the cancellation of the Apple Car project, the Solana meme coin market saw a surge in TESLA token traders. The excitement in the crypto market led to a 500x pump for TESLA price in less than a day. This spike in price was supported by positive sentiment following Elon Musk’s update on
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Recently, the Indian government made an announcement regarding a new mandate for technology companies developing artificial intelligence (AI) tools. According to Reuters, companies are now required to seek government approval before publicly releasing AI tools that are either in the development phase or considered “unreliable.” Regulating AI Technologies in India The directive issued by the
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In the recent cryptocurrency market landscape, the tearaway dragon coin $SMOG made significant strides over the weekend, setting a new all-time high (ATH) of above $0.127. This substantial increase marked a bullish trajectory for $SMOG as it gained momentum during the meme season. Furthermore, the surge in price propelled $SMOG’s circulation-adjusted market cap towards the
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Recently, the Securities and Futures Commission (SFC) in Hong Kong issued a warning to the public regarding suspicious websites impersonating licensed crypto exchanges in the city-state. The scam involved websites that tricked users by impersonating the image and branding of well-known exchanges like Hash Blockchain Limited and OSL Digital Securities Limited. This fraudulent activity not
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