Brazil Police Bust $9.7b Crypto Laundering Scheme
In a massive financial crime investigation, Brazilian authorities found a $9.7 billion cryptocurrency laundering network and arrested several people. Authorities in Brazil have taken decisive action against a cryptocurrency-based, multi-billion dollar money laundering network operating in several cities, including São Paulo, Fortaleza, and Brasília. Blockchain forensic company TRM Labs revealed in a blog post on […]
Bank of Canada Says AI May Trigger Inflation
Bank of Canada Governor Tiff Macklem warns of short-term AI risks to inflation and financial stability. Bank of Canada Governor Tiff Macklem recently stated that artificial intelligence (AI) investments could lead to short-term inflationary pressures and potentially cause financial stability issues. Macklem explained that AI could influence how businesses set prices, pointing out that digitally […]
Elon Musk Meets With El Salvador President- Details
Elon Musk and El Salvador president recently met to discuss new technologies like AI and others. Elon Musk, the American entrepreneur and President Nayib Bukele of El Salvador, recently held a meeting that attracted global attention. On Saturday, the CEO of Tesla and SpaceX shared that he had an “excellent conversation with President Nayib Bukele” […]
Bonk Inu To Launch ETP in US for Retail and Institutional Investors
Solana meme coin Bonk Inu has announced plans to launch a BONK ETP in the United States, raising optimism for future price moves. Bonk Inu (BONK), a popular meme coin built on the Solana blockchain, has made a significant breakthrough in the global crypto space. The meme token has announced the launch of a BONK […]
Congressman Claims SEC is Misusing SAB 121 to Target Crypto Custody Firms
Congressman Ritchie Torres chastised the US SEC for misusing the SAB 121 rule, which defies generally accepted accounting principles. Crypto custody service providers are under increasing pressure from the U.S. Securities and Exchange Commission (SEC) to disclose their assets on balance sheets, citing the controversial SAB 121 accounting rule. U.S. Congressman Ritchie Torres has criticized […]