Fabric Cryptography Secures $33M for New Cryptographic Chip
Silicon Valley startup Fabric Cryptography raised $33 million from Blockchain Capital and 1kx to increase digital economy privacy. In a press release, Fabric Cryptography said that the money will enable the company to concentrate on developing new cryptography. The company’s goal is to encourage the practical implementation of privacy guarantees by improving authentication and encryption […]
Nigeria to Introduce new Tax Laws Regulating Cryptocurrency
Nigeria’s tax authority intends to draft a measure to govern the cryptocurrency industry by the end of 2024. According to a Vanguard report, FIRS Executive Chairman Zacch Adedeji stated that the nation is prepared to introduce legislation that would introduce regulations to regulate the cryptocurrency industry, reduce associated risks, and enhance the country’s economy during […]
How the Film Industry is Adapting to the Metaverse Era
The film industry has a long history of embracing technological advancements, from the introduction of sound and color to the rise of CGI and 3D technologies. Today, the industry is on the verge of yet another transformation with the emergence of the metaverse. This digital frontier promises to redefine how films are produced, distributed, and […]
ASIC Takes Down Over 600 Crypto Scam Websites
Australia’s securities commission removed about 8% of fake websites in 2023 that focused solely on Bitcoin investments. In a report released on the first anniversary of its program to disrupt investment scams, the Australian Securities & Investments Commission announced the eradication of thousands of phishing and investment fraud websites. ASIC stated in a press statement […]
Indian Man Kidnaps Bitconnect Employees to Recover Losses
In an apparent attempt to recoup losses, an Indian man allegedly abducted two individuals connected to the $2.4 billion BitConnect Ponzi fraud. In a statement released by the Indian Enforcement Directorate, it was revealed that Shailesh Babulal Bhatt, one of the investors in BitConnect Coin—the token that was used as the platform’s native cryptocurrency—had abducted […]