Business

Incoming EU and UK laws up the stakes for anti-competitive US big tech
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2 February, 2024

Incoming EU and UK laws up the stakes for anti-competitive US big tech

The days of U.S. tech bullying the ‘little guys’ around the globe may be numbered, at least in the EU...
Nigeria’s VASP licensing fees are ‘economically unrealistic,’ stakeholders say
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2 February, 2024

Nigeria’s VASP licensing fees are ‘economically unrealistic,’ stakeholders say

Nigeria’s SEC published licensing guidelines for VASPs in 2022 requiring N500 million ($525,000) paid-up capital, which stakeholders say is unrealistic...
Ripple hack: What really happened?
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2 February, 2024

Ripple hack: What really happened?

Ripple's Chris Larsen shared on X that his personal wallets had been hacked and funds had been stolen, saying that...
Celsius customers getting paid, FTX customers in limbo as 2022 hack suspects ID’d
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2 February, 2024

Celsius customers getting paid, FTX customers in limbo as 2022 hack suspects ID’d

While Celsius emerges from bankruptcy, FTX seems close to solving the $400 million hack in its platform after the arrest...
Digital yuan trials included in 5-year modernization plan for Shanghai district
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2 February, 2024

Digital yuan trials included in 5-year modernization plan for Shanghai district

Chinese authorities have confirmed a modernization plan for Shanghai's Pudong New Area, focusing on establishing a new commercial hub and...
India’s interim budget silent on digital asset tax reforms; announces ‘golden era for tech-savvy youth’
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1 February, 2024

India’s interim budget silent on digital asset tax reforms; announces ‘golden era for tech-savvy youth’

Nirmala Sitharaman remained silent on requests to lower taxes as she presented the Budget 2024-25 on February 1, while India's...