Latest Articles
FTX Exchange Files to Reclaim $71M from Its Philanthropic and Life Science Subsidiaries
By Chimamanda U. Martha
• 3 mins read
FTX’s new administration has continued to make significant efforts to reclaim funds the former CEO spent during his time at the firm.
Kuwait Authorities Impose Ban on Bitcoin and Other Virtual Asset Transactions
By Chimamanda U. Martha
• 3 mins read
The ban crypto transactions in Kuwait is reportedly part of a broader regulatory initiative that involves multiple supervisory authorities, including the Ministry of Commerce and Industry, the Central Bank of Kuwait, and the Insurance Regulatory Unit.
Blockchain Gaming Company Moxy Hosts Triple-Launch Event Featuring Token Sale and Influencer Battle
By Chimamanda U. Martha
• 2 mins read
The Battle of the Influencers tournament took center stage during the launch event.
OpenAI Commits $5M to American Journalism Project to Drive Innovation in Local News
By Chimamanda U. Martha
• 3 mins read
As part of the collaboration with AJP, OpenAI will not only provide $5 million in financial support to the NGO foundation but also offer AJP access to its suites of products.
TSMC Expected to See 27% Decline in Q2 Net Profit amid Global Economic Woes
By Chimamanda U. Martha
• 3 mins read
Despite the hurdles, TSMC remains positive about the future as the demand for AI applications rises steadily.
China’s Largest Indebted Property Developer Evergrande Reports $81B Loss in Two Years
By Chimamanda U. Martha
• 3 mins read
As Evergrande grapples with its financial challenges, the company has been actively pursuing an offshore debt restructuring plan.
Elon Musk Confirms Twitter’s Negative Cash Flow amidst 50% Plunge in Ad Revenue
By Chimamanda U. Martha
• 3 mins read
Insufficient earnings on Twitter suggest that the platform’s advertising revenue may not have rebounded as quickly as previously anticipated.
German Fintech Company Raisin Anticipates €50B in Deposits for 2023
By Chimamanda U. Martha
• 4 mins read
Raisin has ambitious expansion plans to add 25-30 new banks to its platform this year, with a particular focus on the United States.
Congressman Torres Urges Investigation into SEC’s Cryptocurrency Oversight & Prometheum’s License
By Chimamanda U. Martha
• 3 mins read
Earlier this week, US senator Thomas Tuberville (R-Ala.) and five other congressional Republicans called for investigations into Prometheum’s ties to Chinese entities, alleging connections with the Chinese Communist Party.
Wallet Rolls Out In-App Crypto Payment Options, Offering New Opportunities for Merchants on Telegram
By Chimamanda U. Martha
• 3 mins read
While certain jurisdictions impose restrictions, Wallet’s initiative aims to provide users with a seamless and convenient way to engage in digital asset transactions.