Finance
Tether, the world's largest stablecoin issuer, has invested $100 million to acquire a 9.8% stake in Adecoagro, a Latin American agricultural company with a presence in Argentina, Brazil, and Uruguay. This acquisition, completed between July 29 and August 16, 2024, involved purchasing over 10 million shares and
Business
Alifish, a copyright trading and innovation platform under Alibaba Pictures, partnered with Sanrio and Tmall to launch the inaugural Sanrio Super Brand Day event under the theme "Besties should stay together like Hello Kitty & Friends". The event, which included over 30 licensees and showcased over 800 products,
Finance
Mastercard has announced a partnership with European crypto payments infrastructure firm, Mercuryo, to introduce a euro-denominated debit card that allows users to spend cryptocurrencies directly from non-custodial wallets. This new card enables transactions at over 100 million merchants globally where Mastercard is accepted, eliminating the need to transfer funds to
Finance
In August 2024, the cryptocurrency sector experienced significant losses amounting to approximately $300.6 million due to exploits, hacks, and scams. This figure marks the second-highest monthly loss for the year, according to security firm Certik. Exploits alone accounted for roughly $308.8 million of the losses, with an additional
Finance
Rhodium Enterprises, a Bitcoin mining firm, has filed for Chapter 11 bankruptcy in 2024, citing liabilities between $50 million and $100 million. The court has approved an unusual debtor-in-possession financing plan, allowing Rhodium to secure a loan from Galaxy Digital, a blockchain-focused financial services company led by Mike Novogratz. Rhodium
Finance
Coinbase CEO Brian Armstrong has announced the successful completion of the first AI-to-AI crypto transaction, a significant milestone in the integration of artificial intelligence and cryptocurrency. The transaction was conducted on the Base Sepolia Network using Coinbase's Multi-Party Computation (MPC) technology, which enabled a secure transfer of crypto
Finance
The Telegram Open Network (TON) has experienced a significant disruption, failing to produce a new block for over six hours. This issue arose following the launch of the DOGS memecoin, which resulted in an abnormal load on the network. The surge in transactions overwhelmed the blockchain's validators, leading
Business
The rise of Artificial Intelligence (AI) is significantly transforming industries and economies, particularly in innovation hubs like London and Manchester. Scott Dylan, Co-founder of Inc & Co, emphasizes the importance of AI talent in driving the success and sustainability of startups. London's position as a global technology center,
Finance
Polygon, a prominent blockchain platform, recently faced a significant security breach as its official Discord channel was compromised. The breach was confirmed by Mudit Gupta, Polygon's Chief Information Security Officer, who advised users to avoid clicking any links in the channel until the issue was resolved. The attackers