In a significant move towards establishing a robust digital payment ecosystem, Singapore Gulf Bank has announced ambitious plans to raise $50 million aimed at developing a stablecoin payment firm. This initiative is poised to enhance the digital economy of Singapore and potentially influence the broader financial landscape across Southeast Asia. Stablecoins, a form of cryptocurrency […]
New Visa-Affirm Collaboration Aims to Streamline Payments
Visa, a global leader in payment solutions, has recently announced a significant partnership with the fintech company Affirm. This collaboration aims to introduce an innovative card that combines the convenience of debit transactions with the flexibility of buy now, pay later (BNPL) options. As consumer expectations evolve, this partnership reflects a broader trend towards more […]
Russia Expands Crypto Mining Operations with New Data Centres
Russia is positioning itself as a significant player in the global cryptocurrency mining industry, particularly following recent legislative changes aimed at regulating and legalizing the practice. The Komi Republic has announced plans to construct 15 new mining data centres, signaling the country’s intent to harness its abundant natural resources for crypto mining. The initial investment […]
Delta Prime Suffers Major Cyber Attack, Losing $6 Million
In a concerning incident that underscores the vulnerabilities within decentralized finance (DeFi) platforms, Delta Prime has reported a significant security breach resulting in a loss of nearly $6 million. The attack originated from an initial theft of approximately $4.5 million, escalating due to a series of further malicious transactions. This incident highlights ongoing cyber threats […]
Stablecoins Set for Mainstream Use Amid Regulatory Push
Stablecoins are poised to become a significant part of the global financial landscape as regulatory bodies begin to provide clearer frameworks that could facilitate their widespread adoption. One of the key players in this evolving landscape is Circle, the company behind the widely used USDC stablecoin. Dante Disparte, Circle’s chief strategy officer, highlights the importance […]
US Bitcoin ETFs Gain Momentum as Prices Rise
On Friday, the landscape of US Bitcoin Exchange-Traded Funds (ETFs) experienced a notable shift, mirroring a significant surge in Bitcoin prices, which eclipsed $60,000. This remarkable increase in cryptocurrency values has reignited investor interest, leading to substantial inflows into Bitcoin ETFs. In total, US spot Bitcoin ETFs amassed an impressive $263 million in net inflows, […]
Chainalysis Report Confirms India's Dominance in Cryptocurrency Usage
India has once again solidified its position as the leader in cryptocurrency adoption, as highlighted in a recent report by Chainalysis. This is particularly remarkable given the ongoing regulatory challenges and considerable trading taxes that have surfaced in the country. With a keen look at the figures from June 2023 to July 2024, it is […]
Nigerian Authorities Freeze Crypto Traders' Bank Accounts Amid Currency Crisis
In a decisive action taken by Nigeria’s Economic and Financial Crimes Commission (EFCC), over $330,000 in bank accounts linked to cryptocurrency traders have been frozen. These traders are accused of manipulating the Nigerian naira through unauthorized foreign exchange trading on platforms such as Kucoin and Bybit. The EFCC’s move underscores a growing concern regarding the […]
Sephora North America Appoints New Chief Financial Officer
In a strategic move reflecting its commitment to leadership succession, Sephora North America has announced the appointment of Delphine Herve as the new Chief Financial Officer (CFO), effective April 2025. Herve will take over from Christophe Le Boterff, who, after eight years in the role, plans to retire. Delphine Herve has been an integral part […]
Tamil Nadu Secures Jabil and Rockwell Automation Investment Deals
In a significant development for India’s manufacturing landscape, Tamil Nadu has successfully secured investments from two major companies: Jabil and Rockwell Automation. Jabil, a prominent US-based electronics components manufacturer, will establish a manufacturing facility near the city of Trichy, with an investment of approximately 20 billion rupees, equivalent to $238.2 million. This new facility is […]