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Nayib Bukele and Elon Musk Discuss AI, Robotics, and the Future of Humanity at Texas Gigafactory
In a very important meeting held between two powerful individuals, El Salvador’s President Nayib Bukele and Tesla and SpaceX CEO Elon Musk met at the Texas Gigafactory to discuss artificial intelligence (AI), robotics, and the future of mankind. The meeting,... -
Commerzbank and DZ Bank in Germany to Launch Bitcoin and Crypto Trading Services
Commerzbank and DZ Bank, two of Germany's largest commercial banks, have officially entered the cryptocurrency trading space. Commerzbank teamed up with Crypto Finance to provide crypto trading and custody services tailored for institutional investors. At the same time, DZ Bank... -
Nike Stock Rebounds After Company Brings Back Elliott Hill as CEO
Nike (NYSE: NKE) which is the third worst performing Dow Jones constituent this year, is up sharply in US premarket price action today after the company announced that Elliott Hill would replace John Donahoe as the company’s CEO effective October... -
BlackRock Identifies Bitcoin as Hedge Against U.S. Debt Crisis
BlackRock, the world’s largest asset manager, has observed a shift in how its clients view Bitcoin. Rather than classifying the digital currency as a “risk-on” or “risk-off” asset, Bitcoin is increasingly used to hedge against the growing U.S. debt crisis.... -
Circle Expands USDC Integration to Brazil and Mexico’s Financial Systems
On September 17, Circle, the company behind the USD Coin (USDC), announced the integration of its stablecoin into the banking systems of Brazil and Mexico. This allows the use of USDC within both countries’ national payment systems - Brazil’s PIX... -
FBI Cracks Down on Fraudulent Crypto Recovery Services, Warns Against Upfront Fees
The FBI’s San Diego office recently shut down three websites involved in fraudulent cryptocurrency recovery schemes. These scams prey on people who have already been cheated out of their crypto funds, offering false hope of getting their money back. The... -
Brazil Cracks Down on $9.7B Crypto Laundering, Nubank Halts Nucoin Trading
Brazilian police have just taken down one of the largest crypto money laundering schemes ever uncovered. Dubbed Operation Niflheim, this major crackdown targeted three organizations that had been using cryptocurrencies to launder an astonishing $9.7 billion since 2021. The operation,... -
DBS to Launch Crypto Options and Structured Notes for Institutions in Q4 2024
On September 17, Singapore’s DBS Bank announced plans to launch over-the-counter (OTC) crypto options and structured notes for its institutional clients. The move is scheduled for the fourth quarter of 2024, marking a significant development in the bank’s digital asset... -
Ajit Jain Sells Half His Berkshire Hathaway Shares Igniting Debate Over Valuation
Ajit Jain who is the vice chairman of Berkshire Hathaway’s insurance operation and at one point was touted as a successor to Warren Buffett has disclosed that he has sold nearly half his Class A shares. His stock sales coupled... -
Kraken Challenges SEC Allegations Over Digital Assets
Kraken, one of the largest cryptocurrency exchanges, has rejected the allegations made by the U.S. Securities and Exchange Commission (SEC) regarding the classification of digital assets. The SEC accuses Kraken of offering several unregistered securities on its platform, claiming that...
