Editor's Choice
The U.S. Federal Reserve is not in a hurry to lower interest rates: Jerome Powell stated that the policy will remain unchanged despite the strong labor market and inflation, as well as threats from the tariff policy of President Trump and issues with "debanking" 📉
The U.S. Federal Reserve is not in a hurry to lower interest rates. Jerome Powell stated that, with a strong labor market and high inflation, a rate cut will be postponed. He emphasized that tariffs introduced by President Trump remain an important factor that could exacerbate inflationary pressures. In response to questions about "debanking," Powell promised to review internal regulations. Also, the weakening of the Consumer Financial Protection Bureau raised concerns, leaving citizens without protection from fraudsters. In the near future, the economic policy of the Federal Reserve will depend on the development of inflation and the labor market.
Trump calls for an increase in US defense spending despite Elon Musk's plans to reduce the Pentagon budget. Congress resists the changes, fearing job losses at military bases 💰
President Donald Trump stated the need to increase US defense spending, despite efforts by Elon Musk through his department D.O.G.E. to reduce the Pentagon budget. Musk intends to reconsider many military programs and cut spending on weapons, claiming that current defense expenditures are excessive. However, Musk's plans face resistance in Congress, where divided opinions on cutting military spending make decision-making difficult. The budget cuts also concern important military bases and contracts, which create jobs in various US districts.
Randall Crater is required to pay $7.6 million to the victims of the My Big Coin cryptocurrency fraud. The court has also imposed a lifetime ban on him from participating in digital asset transactions 🚫
The U.S. Commodity Futures Trading Commission (CFTC) has ruled against Randall Crater, ordering him to pay over $7.6 million to the victims of the My Big Coin cryptocurrency fraud. He misled clients by claiming the currency was backed by gold. The funds collected from 28 clients were spent by Crater on luxury purchases. The court also imposed a lifetime ban on him from trading and participating in digital asset transactions. This decision concludes the CFTC case, but the investigation into his accomplices is ongoing. Crater was also sentenced to prison for crimes related to fraud and illegal financial transactions.
The United Kingdom and the United States did not sign the international agreement on artificial intelligence at the summit in Paris, citing concerns over security and national interests 🤖
The United Kingdom and the United States did not sign the international agreement on artificial intelligence (AI) at the summit in Paris, where 60 countries called for the safe and ethical development of technologies. The UK government explained its refusal due to concerns over national security and a lack of clarity on global governance issues. U.S. Vice President JD Vance noted that excessive regulation of AI could slow its development. France and other countries, on the other hand, emphasized the importance of regulation to ensure safety and transparency. The agreement also addressed the sustainability of technologies and their environmental impact.
Jerome Powell stated that the U.S. will not issue a central bank digital currency (CBDC) under his leadership. This statement makes it impossible to follow China's example 💵
Tether invests in Zengo Wallet to enhance security and support USD₮ across various blockchains: a strategic partnership to expand self-custodial storage capabilities 💼
Binance and the SEC have filed a joint motion to suspend the legal proceedings for 60 days, considering the new cryptocurrency working group of the SEC, which may affect the resolution of the case ⚖️
Emmanuel Macron has announced investments in artificial intelligence worth 109 billion euros, with participation from the UAE, Amazon, and Brookfield to strengthen France’s leadership in AI 🤖💡
Zimbabwe has announced the launch of its state cryptocurrency $RZ on the Solana blockchain on February 11, 2025, for its 16 million citizens. Transparent distribution without pre-mining will ensure equal access 👨👩👧👦
Elon Musk offered $97.4 billion for OpenAI to stop Sam Altman's plans to turn the company into a profit-making one. The consortium of investors supports the deal 💼
19 US states, including North Carolina, are considering bills on cryptocurrency investments, including Bitcoin, with the possibility of allocating up to 10 percent of budget funds 💰📊
Eric Council Jr. pleaded guilty to aiding the hack of the SEC account on X, causing the fake announcement about the first Bitcoin ETF in the US. Fine up to $50,000, court scheduled for May 16, 2025 ⚖️
South Korean lawmaker Kim Nam-kuk was acquitted in the case of concealing cryptocurrency assets totaling 6.8 million dollars. The court ruled that at the time of the crime, the law did not require the disclosure of such data 💼
South Korean lawmaker Kim Nam-kuk was acquitted of charges of concealing cryptocurrency assets. The court ruled that at the time of the alleged crime, the country's legislation did not require the disclosure of such data. Kim was accused of hiding 6.8 million dollars in cryptocurrency, while his declaration stated only 834 thousand dollars. However, the court decided that the laws did not require the disclosure of cryptocurrency assets, and this cannot be considered a crime. Despite the acquittal, the prosecution may appeal. Kim left the Democratic Party to reduce political pressure.
Ripple and Unicâmbio have partnered for instant transactions between Brazil and Portugal. A new step in Ripple's expansion into the European market! 💸
Ripple has entered into a strategic partnership with the Portuguese company Unicâmbio to enhance instant payments between Brazil and Portugal. As part of the collaboration, Unicâmbio will use Ripple Payments technology, ensuring faster and cheaper transactions for its corporate clients. This marks Ripple's first step into the Portuguese market, expanding the company's presence in Europe. It is expected that thanks to this partnership, transactions between the two countries will become more efficient, strengthening economic ties and opening new business opportunities.
Jetking becomes the first publicly traded company in India to integrate Bitcoin into its financial strategy: a step toward institutional support for cryptocurrencies in business 🚀
On February 9, 2025, Jetking became the first publicly traded company in India to integrate Bitcoin into its financial strategy. This statement, made by the company’s CFO Siddharth Bharwani and published by Michael Saylor on Twitter, led to an immediate rise in Bitcoin's price from $45,000 to $47,500 within the first hours after the news. This event highlights the growing interest in cryptocurrencies in India and institutional support for Bitcoin as a digital asset for business.
Microsoft opens a fund to develop "responsible" artificial intelligence in Abu Dhabi in partnership with G42 and MBZUAI. The company invests $1.5 billion in the UAE 🤖
Microsoft launches a fund in Abu Dhabi to promote "responsible" artificial intelligence in the region. In partnership with G42 and the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the company aims to develop AI standards and practices in the Middle East and the Global South. Microsoft's investments in G42 total $1.5 billion. This move reflects the UAE's ambitions to take a leading position in the global artificial intelligence arena, strengthening ties with global technology leaders and policymakers.
Best news of the last 10 days
A landfill in Wales is closing, where it is allegedly buried a hard drive with 8,000 bitcoins worth $768 million. James Howells continues his fight to recover them after the disk was lost in 2013 💻
Roskomnadzor has blocked the largest cryptocurrency aggregator BestChange in Russia and Eastern Europe amid new cryptocurrency restrictions. The platform stated its intention to work on lifting the block 🛑
WazirX updates the platform: the new **Preliminary Creditor List** and **July 18** page help users track claims and token balances. Migration of funds to new wallets will improve security and asset management 🔍
Elon Musk is not interested in buying TikTok: The CEO of Tesla and SpaceX explained that there is no clear goal, apart from the economic one, for a deal with the Chinese app 💡
Hong Kong begins accepting Bitcoin (BTC) and Ethereum (ETH) as asset proof for investment immigration: minimum amount — 30 million Hong Kong dollars 🌏
Hong Kong now accepts Bitcoin and Ethereum as asset proof for immigration investors. To apply for temporary residency, one must have cryptocurrency worth at least 30 million Hong Kong dollars (about 3.8 million USD). Already, two applicants from China have successfully used cryptocurrency to obtain a visa. Assets must be stored in cold wallets or on reliable exchanges. This measure confirms Hong Kong's ambition to become a global digital finance hub.
Three British nationals were arrested in Spain for kidnapping a cryptocurrency trader and demanding €30,000 for his release. During the operation, money, weapons, and drugs were seized 🔫
Three British nationals were arrested in Spain for kidnapping a 34-year-old cryptocurrency trader on the Costa del Sol. The criminals lured him into an apartment in Estepona and demanded €30,000 for his release. The victim, pretending to be a calling client, managed to send a signal to his friend in London. This led to a police operation during which the kidnappers were apprehended. The apartment contained €8,000, weapons, and drugs. All the arrested individuals are British citizens, they have been arrested and are in custody.
The University of Austin is launching a Bitcoin-based fund worth over $5 million with a five-year HODL strategy. The institution is investing in cryptocurrency as part of its $200 million fund, confident in its long-term value 🚀
The University of Austin is launching a unique Bitcoin-based investment fund, allocating more than $5 million from its $200 million fund. The university follows a long-term investment strategy, planning to hold the assets for at least five years, based on expectations of cryptocurrency growth. This move reflects the growing interest of U.S. educational institutions in digital assets, as evidenced by similar investments, such as Emory University, which acquired more than $15 million in Bitcoin through an ETF. Cryptocurrency investments are also becoming relevant among youth pension funds, with 40 percent of people under 30 having already invested in cryptocurrencies.
Trump Media is launching three new exchange-traded funds under the Truth.Fi brand, including the Truth.Fi Bitcoin Plus ETF, which tracks the price of Bitcoin, and two others aimed at supporting the American economy 💰
Donald Trump's company, Trump Media and Technology Group (TMTG), has announced the launch of three exchange-traded funds under the Truth.Fi brand. One of them, the Truth.Fi Bitcoin Plus ETF, will track the price of Bitcoin, while the other two will focus on supporting the American economy — Truth.Fi Made in America ETF and Truth.Fi Energy Independence ETF. These products, aimed at investors looking for an alternative to traditional funds, will be released in 2025, pending approval by the SEC. Trump's initiative is geared toward growing interest in cryptocurrency and thematic ETFs.