Shaanxi Police Arrest 4 Cryptocurrency Scam Suspects
Despite prohibiting cryptocurrencies such as Bitcoin in Mainland China, the Shaanxi Police have arrested 4 individuals involved in the Cryptocurrency Scam. Local news agency Baidu reported on July 31 that law enforcement in the Chinese province of Shaanxi had discovered a crypto fraud scheme and apprehended four suspects. According to the report, the perpetrators defrauded […]
Law Commission Suggests New Property Category for Crypto Assets
In its final report on digital assets, the Law Commission of England and Wales encouraged the government to classify all crypto assets as a new form of personal property. The Law Commission is an independent entity predominantly responsible for reviewing and recommending law reforms in England and Wales. It issued a supplemental report on July […]
AI-powered Necklace: Your ‘Friend’ in Need
The new AI-powered necklace designed by Avi Schiffmann helps combat loneliness, and it aspires to be a companion and friend in need. Upon its introduction on July 31, the “Friend” device has garnered various responses from the public. The puck-shaped device, connected to a phone via Bluetooth, continuously listens to its user and can be […]
SBI Holdings, Franklin Templeton Partner to Enter BTC ETF Market
SBI Holdings is launching an investment management company in partnership with Franklin Templeton to enter the Bitcoin ETF market. In anticipation of its entry into the Bitcoin ETF market, SBI Holdings, a major Japanese banking institution, announced on Thursday that it will collaborate with Franklin Templeton, a US investment management company, to establish an investment […]
Fintech Company Revolut Secures UK Banking License
After a three-year regulatory approval process, Revolut, a London-based fintech company, has successfully obtained a banking license in the United Kingdom. On July 25, the company proclaimed a significant milestone representing a critical juncture in its efforts to fortify and consolidate its position in its domestic market. UK Market Entry The Prudential Regulation Authority of […]