FPT, a prominent IT company from Vietnam, and Nvidia, a renowned global chip-making company, announced their plans to team up financially and construct a $200 million AI factory in Vietnam. On April 23, the companies announced that they are collaborating on a project with the goal of providing a comprehensive solution for artificial intelligence (AI) … Read more
For beginners in crypto jargon, let’s delve deeper into a commonly asked question among crypto enthusiasts and traders: What does “FUD” mean in the cryptocurrency world? In the crypto market, there was a need for a term that clearly conveyed the feelings of apprehension, ambiguity, and hesitation among investors, making the market’s dynamics more transparent … Read more
Ripple, the cross-border payment protocol company, challenged the SEC’s proposed $2 billion penalty in the US, arguing that a more reasonable fine of around $10 million would be more appropriate. In their latest court submission, Ripple Labs challenged the SEC’s proposal of imposing a penalty of around $2 billion on the company before a federal … Read more
EU’s major banks are considering joining the cryptocurrency sector due to the clear guidelines provided by the MiCA regulations adopted by the European Union. This is according to Lukas Enzersdorfer-Konrad, the deputy CEO of Bitpanda, who told CryptoMoon: “European banks are moving into crypto as an asset class and tokenization technology, because MiCA, the upcoming … Read more
The Philippines’ Securities and Exchange Commission (SEC) instructed Google and Apple to take down the Binance app from their app markets for Filipino users. The SEC announced on April 23 that it’s collaborating with major tech firms to take down apps connected to Binance, the renowned cryptocurrency company. These companies were reportedly given individual notices … Read more
PayPal removes protections for NFT buyers and sellers PayPal is quietly removing safeguards for NFT (non-fungible token) transactions on its platform. Starting May 20, PayPal’s updated policies will no longer offer buyer and seller protections for Non-Fungible Token (NFT) purchases. According to the company’s policies page, NFTs are now ineligible for coverage under PayPal’s Purchase … Read more