Germany to Tighten Screening for Chinese Investment in AI Sectors
Local media agencies report that the vice chancellor of Germany has proposed tightening the screening process for foreign direct investment from China in AI and other related sectors. Rober Habeck, a Greens coalition member and economic minister, stated that restrictions on Chinese foreign investment would be tightened in “critical sectors” such as semiconductors and artificial […]
CoinDCX Slashes 12% of Its Staff Amid Crypto Market Challenges
India’s largest crypto exchange, CoinDCX, has announced that it is cutting 12% of its workforce due to the prolonged bear market and the impact of the TDS tax on domestic exchanges. The company said that it had taken several proactive measures to optimize costs and drive efficiency, but the current situation demands that it work […]
Coinbase Acquires Stake in Circle, Dissolves Centre Consortium
Coinbase, the largest US crypto exchange, has acquired a stake in Circle, the issuer of USD Coin (USDC), the second-largest stablecoin in the world. The deal coincides with the closure of the Centre Consortium, a joint venture between Coinbase and Circle that governed USDC. Coinbase and Circle end their partnership The terms of the agreement […]
NvirWorld Collaborates with Certik to Enhance Security
Decentralized finance platform NvirWorld has teamed up with blockchain security provider Certik to strengthen the security of its ecosystem. Through this cooperation, CERTIK’s cutting-edge blockchain security technology will be actively used by NvirWorld to build a Web3 ecosystem that consumers can rely on as the ecosystem develops. CERTIK works with more than 4,000 different businesses […]
Facebook faces Possible Ban In Thailand over Crypto Scam Ads
The Thai government has threatened to ban Facebook in the country unless the platform stops allowing fraudulent crypto investment ads that have affected more than 200,000 people. The Ministry of Digital Economy and Society has given Facebook until the end of the month to comply with its demands or face legal action.Crypto scam ads rampant […]