Nvidia Finalizes $700 Million Acquisition of AI Startup Run:ai
Nvidia has officially completed its $700 million acquisition of Israeli startup Run:ai, a company that helps developers optimize AI hardware infrastructure. The deal faced months of regulatory scrutiny, including a…
WhatsApp Defeats NSO Group in Long-Running Pegasus Spyware Case
A federal judge has ruled that the Israeli spyware developer NSO Group violated hacking laws by exploiting WhatsApp to deploy its Pegasus spyware. The decision marks a significant milestone in…
Telegram Achieves Profitability as Revenue Hits $1 Billion in 2024
Telegram has reached profitability, according to founder Pavel Durov, who shared the milestone in a post on Monday. The popular messaging app achieved over $1 billion in total revenue for…
Botswana Central Bank Flags ‘Minimal’ Crypto Risks but Calls for Regulation
Botswana’s central bank has acknowledged that the country’s local cryptocurrency market remains underdeveloped, posing only “minimal” risks to the country’s financial stability. Despite this, the bank emphasized the importance of…
Nigerian SEC Introduces Stricter Regulations for Crypto Marketing
The Nigerian Securities and Exchange Commission (SEC) has revised its regulations concerning cryptocurrency, imposing new requirements on virtual asset service providers (VASPs) and social media influencers involved in crypto-related promotions.…
Nearly 800 Arrested in Nigeria for Involvement in Crypto Romance Scam
On December 10, Nigerian authorities conducted a significant raid in Lagos, arresting 792 individuals connected to a suspected large-scale crypto romance scam operation. The operation, believed to be one of…
Apple’s New Feature Will Let Airlines Track Lost Luggage Using AirTag Locations
United Airlines, Air Canada, and Aer Lingus now offer travelers a new way to track lost luggage with Apple AirTags. By using Apple’s “Share Item Location” feature, available on devices…
Morocco’s Central Bank Moves to Legalize Cryptocurrencies
Morocco is poised to transform its stance on cryptocurrencies, planning to legalize all forms of digital assets after initially banning them in 2017. This reversal is propelled by the drafting…
MTN South Africa Teams Up with China Telecom and Huawei on 5G and AI
MTN South Africa has forged a strategic partnership with China Telecom and Huawei, aiming to enhance its offerings in 5G, cloud computing, artificial intelligence (AI), and business solutions. The companies…
Bitcoin’s Surge to $80K Driven by Positive Derivatives Market Trends
As 2024 winds down, the financial landscape for Bitcoin looks promising, with potential price escalations to over $80,000, spurred by bullish signals from the derivatives markets. Analysts from the crypto…
Bitcoin Struggles to Break $67K Despite Rising Interest from Retail and Institutional Investors
Bitcoin’s price remains stubbornly below the $67,000 mark despite significant interest from both retail and institutional investors. As of October 23, 2024, Bitcoin is trading at $66,432, reflecting a slight…
UAE Stablecoin Issuer Receives Approval from Central Bank
The Central Bank of the United Arab Emirates (CBUAE) has granted in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework, as announced in a recent news release.…
Eswatini Unveils Design for Tokenized Retail Central Bank Digital Currency
The Central Bank of the Kingdom of Eswatini, a landlocked nation with a population of approximately 1.2 million, situated between South Africa and Mozambique, has released a design paper outlining…
Dubai’s Crypto Regulator Takes Action Against Unlicensed Firms
Dubai‘s Virtual Assets Regulatory Authority (VARA) has launched a significant crackdown on unregulated cryptocurrency companies and those violating its marketing regulations. On October 9, VARA announced that it had issued…
Bitcoin Drops to $59K as Altcoins Struggle with Regulatory Hurdles
Bitcoin has fallen below the $60,000 mark for the first time since September 18, leading market participants to speculate about the possibility of further declines. As of October 10, Bitcoin’s…
Crypto Adoption on Track to Hit 8% by 2025
Global cryptocurrency adoption is nearing a significant milestone, with 7.51% of the world’s population currently utilizing digital currencies, according to a recent report by MatrixPort. This trend indicates a shift…
Dubai Airports to Build World’s Largest Solar Rooftop
Dubai is taking a significant step forward in its efforts to implement sustainable energy solutions across its economy, particularly in the aviation sector. Dubai Airports has unveiled a new plan…
Saudi Arabia Eyes Further Investment in Nintendo as Shares Reach $5.8 Billion
Saudi Arabia’s Public Investment Fund (PIF) currently holds a significant stake in Nintendo, owning 8.5% of the company’s shares, valued at $5.8 billion. This follows an initial purchase in 2022,…
UAE Exempts Crypto Transfers, Conversion from Value-Added Tax
Recent amendments to the value-added tax (VAT) regulations in the United Arab Emirates (UAE) will exempt transfers and conversions of digital assets, including cryptocurrencies. This significant change is part of…
Mark Zuckerberg Surpasses Jeff Bezos as World’s Second Richest Person
Mark Zuckerberg has ascended to become the world’s second-richest person, surpassing Jeff Bezos according to the Bloomberg Billionaires Index. On Thursday, Zuckerberg’s net worth reached an impressive $206.2 billion, eclipsing…