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AI Infrastructure Partnership expands with new key players
Mar 20,2025
Nvidia and Elon Musk's xAI have joined the AI Infrastructure Partnership, a consortium backed by Microsoft, MGX, and BlackRock, to expand AI infrastructure in the United States. Originally formed last year with a commitment to invest over$30 billion,...
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Lawsuit claims Google favoured white and Asian employees in pay and promotions
Mar 20,2025
Google has agreed to pay$28 million (E25.6 million) to settle a class action lawsuit alleging it favoured white and Asian employees by offering them higher pay and better career progression. The case, which covered at least 6,632 employees in Califor...
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Brazilian lawmaker proposes Bitcoin salary regulation
Mar 19,2025
A Brazilian lawmaker has introduced a bill to regulate salary payments in cryptocurrencies like Bitcoin. Federal Deputy Luiz Philippe de Orleans e Bragan?a filed the proposal on 12 March, seeking to legalise voluntary crypto wage payments while ensur...
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Binance CEO dismisses claims of Trump family deal talks
Mar 19,2025
Binance CEO Richard Teng has reiterated that Binance is not in deal talks with business entities linked to US President Donald Trump. Speaking at the Blockworks 2025 Digital Asset Summit, Teng dismissed reports that Binance. US was considering sellin...
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Crypto.com under fire for minting $5 billion in CRO
Mar 19,2025
Crypto.com is under fire from the cryptocurrency community after approving a proposal to mint 70 billion CRO tokens, worth approximately$5 billion. Concerns over financial stability have intensified, with some fearing the exchange may face liquidity ...
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Filmmaker accused of stealing $11 million from Netflix to trade crypto and shares
Mar 19,2025
US prosecutors have charged filmmaker Carl Erik Rinsch with fraud and money laundering, alleging he misused$11 million of Netflix's funds on risky investments instead of producing a sci-fi series. The US Department of Justice (DOJ) unsealed the indic...
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Minnesota pushes Bitcoin bill to modernise state investments
Mar 19,2025
Minnesota has taken a significant step towards embracing digital assets with a newly introduced Bitcoin bill. The Minnesota Bitcoin Act (SF2661), presented by Senator Jeremy Miller, seeks to modernise the state's financial system and position it as a...
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Tatarstan to pilot digital ruble subsidies as Russia delays CBDC launch
Mar 19,2025
Russia's Central Bank has enlisted the Republic of Tatarstan to trial smart contract functions for the digital ruble, marking a significant step in the CBDC's ongoing development. The Tatarstan Ministry of Finance confirmed the establishment of a wor...
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Zhao urges AI projects to focus on utility over tokens
Mar 18,2025
Changpeng Zhao has urged AI projects to reconsider launching their own tokens, stating that AI agents can accept payments using existing cryptocurrencies instead. In a recent post on X, the Binance founder argued that tokens should only be introduced...
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SEC may reverse proposed cryptocurrency custody rule
Mar 18,2025
The United States Securities and Exchange Commission (SEC) is considering reversing a proposed rule that would impose stricter custody requirements on investment advisers handling cryptocurrencies. Acting SEC Chair Mark Uyeda announced the potential ...
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Kyrgyzstan introduces USDKG, a gold-backed stablecoin
Mar 18,2025
Kyrgyzstan has officially launched USDKG, a gold-backed stablecoin that is entirely backed by the government, marking a significant shift in the nation's digital currency strategy. The decision to focus on a gold-backed model contrasts with the globa...
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Thailand's CIB uncovers illegal crypto mining rig network
Mar 17,2025
Thailand's Central Investigation Bureau (CIB) seized 63 illegal crypto-mining machines in a raid on Friday, marking a significant step in cracking down on illicit operations in the country. The mining rigs, valued at approximately 2 million baht ($60...
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