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Hong Kong eyes over 40 firms for stablecoin licences
Jul 11,2025
Hong Kong is processing enquiries from more than 40 companies ahead of the implementation of its Stablecoin Bill on 1 August. The Hong Kong Monetary Authority will start accepting stablecoin licence applications under the new regulatory framework. No...
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Sanctions proposed on Bukele amid El Salvador's crypto controversy
Jul 11,2025
A group of US Democratic senators has proposed legislation seeking sanctions against El Salvador's President Nayib Bukele and members of his government. The El Salvador Accountability Act targets alleged human rights abuses and Bitcoin misuse during ...
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Bitcoin hits new all-time high as institutional demand surges
Jul 10,2025
Bitcoin has broken past its previous record, trading above$111,970 in a move that defied technical indicators and widespread scepticism. The rally, fuelled by institutional flows and growing corporate adoption, forced short sellers to capitulate afte...
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AI interviews leave job candidates in the dark
Jul 10,2025
An increasing number of startups are now using AI to conduct video job interviews, often without making this clear to applicants. Senior software developers are finding themselves unknowingly engaging with automated systems instead of human recruiter...
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AI industry warned of looming financial collapse
Jul 10,2025
Despite widespread popularity and unprecedented investment, OpenAI may be facing a deepening financial crisis. Since launching ChatGPT, the company has lost billions yearly, including an estimated$5 billion in 2024 alone. Tech critic Ed Zitron argues...
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Countries build state-level Bitcoin reserves worldwide
Jul 10,2025
Bitcoin is no longer the preserve of tech-savvy investors and crypto enthusiasts. As of mid-2025, more than 460,000 BTC - around 2.3% of the total supply - is held by governments worldwide, according to blockchain data and legal disclosures. The shif...
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Turkey sets sights on DeFi platforms after PancakeSwap ban
Jul 10,2025
Turkey's recent decision to block PancakeSwap has raised concerns that more decentralised finance (DeFi) services could soon face similar enforcement. The move came after the Istanbul Blockchain Week, where regulators outlined a stricter framework fo...
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Tether defends gold reserves as markets and scrutiny rise
Jul 09,2025
Tether has revealed it holds around$8 billion worth of gold in a Swiss vault, placing it among the largest private holders of the precious metal globally. According to CEO Paolo Ardoino, the El Salvador-based firm owns almost an 80-tonne stockpile ou...
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Groq opens AI data centre in Helsinki
Jul 09,2025
Groq has opened its first European AI data centre in Helsinki, Finland, in collaboration with Equinix. The facility offers European users fast, secure, and low-latency AI inference services, aiming to improve performance and data governance. The laun...
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Lithuania questions legality of Robinhood's new tokens
Jul 09,2025
Robinhood's new blockchain tokens, which are tied to firms like SpaceX and OpenAI, are under EU scrutiny, with Lithuania's central bank reviewing whether the product meets financial rules. The tokens, introduced on 30 July, allow retail investors to ...
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BTC and ETH hold key levels as traders eye next breakout
Jul 08,2025
Bitcoin is holding firm above$108,000, trading at$108,387 as of 8 July. Despite a slight daily dip, longer-term indicators support a bullish trend. The Relative Strength Index remains neutral at 58.7, while the Stochastic RSI indicates short-term ove...
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Bitcoin-backed life insurance now available in Russia
Jul 06,2025
Two major Russian insurers, Renaissance Life and BCS Life Insurance, have introduced investment life insurance policies (ILIPs) tied to Bitcoin. These products give wealthy investors exposure to Bitcoin via BlackRock's IBIT, without needing to hold t...
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