African Union greenlights AI adoption across member states
The strategy aims to fast-track AI development and adoption in Africa, driving innovation and growth that aligns with Nigeria’s digital transformation goals.
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It looks like the SEC isn’t done with trading app Abra just yet
The SEC's investigation into the crypto trading firm, which paid fines of $300,000 in July, apparently continues. Back in July, the Securities and Exchange Commission alongside the Commodity Futures Trading Commission fined investment app Abra for providing trading on synthetic assets. At the time, that looked like the end of the matter. However, in response to…
Solana’s Parrot Protocol submits proposal to go tokenless, investors risk face -89% returns
The proposal calls for the redemption of PRT tokens for liquid treasury value, and the transition to a no-token protocol. Community members referred to the move as a "financial crime". 456 Total views 6 Total shares A recent proposal from Parrot Protocol's team, a Solana-based liquidity network, has sparked controversy among its community members. The…
Australian Minister Slams Gov’t for Weak Response to Ransomware ‘Epidemic’
On Feb. 24, Tim Watts, Australia’s Shadow Assistant Minister for Cybersecurity, has published an article in the Financial Review on Feb. 24, criticizing the country’s government for its response to the 2019 “ransomware epidemic.”Watts states that Australia was not immune to last year’s ransomware outbreaks, citing a Victorian government regional health network that shut down…
BlackRock announces the launch of a new private spot Bitcoin trust
The move comes one week after its partnership with Coinbase to provide institutional clients with crypto trading access. 170 Total views 3 Total shares According to a new blog post on Thursday, BlackRock, the world's largest asset management overseeing over$10 trillion in total assets, launched a new private spot Bitcoin (BTC) trust. The fund is…
FTX executive Wetjen calls CFTC application an opportunity for the agency to innovate
Former CFTC head Giancarlo said a “central bank mindset” is holding crypto back, and Wetjen saw the need for more entrepreneurialism in regulatory agencies. 186 Total views 3 Total shares Former Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo, known by some as Crypto Dad during his tenure from 2017 to 2019, spoke on the…
Over 700 Blockchain Firms Founded This Month in China, Over 26,000 In Operation
Chinese entrepreneurs registered 714 blockchain firms in China this month, resulting in a total of 26,089 such companies operating in the country.According to cryptocurrency data firm LongHash on Jan. 26, the total number of blockchain firms registered in China is 79,556, while 57,257 Chinese blockchain firms also lost their legal status or had their licenses…
Bitcoin Kicks Off 2020 More Secure Than Ever as Hash Rate Hits Record
Bitcoin (BTC) has already hit a new record in 2020 as the cryptocurrency’s network hash rate once again topped previous all-time highs. Data from multiple monitoring resources including Blockchain and Coin Dance confirmed hash rate was higher than ever on the first day of the new year. Estimates point to an all-time high for BTC networkA measure…
$400M African fertilizer deal executed on blockchain eases COVID-19 slowdown
Some companies are using blockchain technology to open up the logistics routes that COVID-19 has closed down. 1035 Total views 11 Total shares A state-owned Moroccan fertilizer company has executed a $400 million transaction using blockchain technology, in what it says is a first for intra-African commerce. In a deal facilitated by the Eastern and…