Turkish Crypto Founder Sentenced to Absurdly Long Prison Term When “Oops” Turns Into “Oh No!” In a plot twist worthy of a Hollywood blockbuster, Faruk Fatih Ozer, the founder of Thodex, a failed cryptocurrency exchange, has been handed a sentence that would make even the most audacious criminal blush. Brace yourselves, folks, because Ozer has […] More
Ledger CEO Confirms Government Access to Private Keys Through Ledger Recover Feature In a recent chat with Ledger CEO Pascal Gauthier, he confirmed what many crypto enthusiasts already suspected – that the government could get access to clients’ private keys through the Ledger Recover feature in certain cases. But don’t worry, if we are to […] More
Nigerian human rights activist and lawyer, Femi Falana, has accused the International Monetary Fund (IMF) and the World Bank (WB) of sabotaging the currency swap arrangement between China and Nigeria. Falana said the Nigerian central bank and the two global financial institutions are helping to perpetuate “the dominance of the United States dollar in Nigeria.” […] More
…or at least you’ll wish you never guessed. Hold onto your seats, fellow Bitcoin enthusiasts, because there’s some breaking news that’ll make your jaw drop! We recently found out that one of the whales holding over 1% of the BTC supply is none other than a powerful entity known for holding massive amounts of assets. […] More
Former U.S. Secretary of State Hillary Clinton has warned that the U.S. defaulting on its debt obligations could lead to a global financial meltdown. “If Congress keeps flirting with default, calls for dethroning the dollar as the world’s reserve currency will grow much louder,” she stressed. Hillary Clinton on U.S. Debt Default and Dollar Losing […] More
Economist Nouriel Roubini, also known as “Dr. Doom,” predicts that the global reserve currency system will shift from unipolar to bipolar. He expects most countries that attempt to reduce their reliance on the U.S. dollar to propose the Chinese yuan as an alternative to the USD. Roubini on U.S. Dollar and Chinese Yuan as Global […] More
On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international […] More
The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement. Unusual Relationship: […] More
One U.S. governor is standing up for cryptocurrency I don’t know about you, but when I think of technological innovation, I think South Dakota! Okay, so maybe not, but South Dakota is actually one of the most innovative states in the country. From its cutting-edge research universities to its growing tech startup scene, South Dakota […] More
Several Japanese tech and finance giants have signed a document to create the Japan Metaverse Economic Zone, a multipurpose virtual universe that will have its base in a platform called Ryugukoku. The virtual world will allow these companies to share their technology with users as it lets them roam this role-playing-game-like world as online avatars. […] More
Hong Kong Prepares to legalize certain cryptos for its citizens Hong Kong is taking a decisive step toward the widespread adoption of cryptocurrency. Their new legal framework will go into effect in June of this year, allowing citizens to buy, sell and trade with crypto without fear. This exciting news has ignited optimism among investors […] More
Meta, the company that owns Whatsapp, Instagram, and Facebook, is reportedly preparing to announce a new round of layoffs in the coming days. According to reports, the company is delaying the finalization of the budget for each one of its teams, causing operational delays and affecting the output of employees of the company. Meta to […] More
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