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Tether, the world’s largest stubcoin plagued by scandals and government investigations, sells some of its Bitcoin holdings valued at around $8 billion to match proposed US stubcoin regulations You may need to do that. According to a recent report by JPMorgan analysts, Tether could be forced to offload approximately $8 billion in Bitcoin Holdings chunks to comply with new US regulations. Current estimates suggest that only 66% to 83% of tether reserves are in line with the proposed requirements. This means there could be a major change in asset allocation on the horizon. “Tether may need to sell non-compliant assets,…
Industrial centres and coastal regions will receive a major economic boost as the UK government supports renewable energy companies investing in the industrial community. The application window has been opened for a bonus in the clean industry. It provides financial support to offshorewind companies on a condition that prioritizes investment in areas that require most, including the traditional oil and gas community. Support also rewards developers who build more sustainable low-carbon plants, offshore wind blades, cables and ports, reducing industrial emissions across the clean energy supply chain. The UK is at the forefront of addressing the climate crisis and providing…
A recent experiment at Fermilab has observed a large asymmetry between the up and downstream ocean quark distributions of protons. The first direct evidence of point-like components in nucleons comes from the observation of scaling phenomena in deep elastic scattering (DIS) experiments. The charged components, such as these points, known by Richard Feynman, are found to be spin-1/2 fermions. These partons were initially identified as valence Quarks in the component Quark model. However, it was quickly recognized that only Valence Quarks could not explain the low momentum parton herd observed in DIS. These low-moment partons, known by Feynman, were interpreted…
MicroStrategy Chairman Michael Saylor will speak at the Bitcoin 2024 Conference held in Nashville, Tennessee, USA on Friday, July 26th, 2024.Bloomberg | Bloomberg | Getty ImagesLast week, White House Crypto Czar David Sacks held his first press conference to discuss the future of crypto policy coming out of the Trump administration.That includes Stablecoin laws and digital asset regulations, but Sacks assesses CNBC’s top agenda idea to “whether it is possible to create either a Bitcoin reserve or some kind of digital asset stockpile?” He said he was doing it.But will the momentum around Bitcoin and other cryptocurrencies be reflected in…
Identity security company Cyberark has acquired identity governance and management (IGA) platform Zilla Security in transactions worth up to $175 million. The transaction consists of a cash portion of $165 million and an additional $10 million “earn” that is paid when you meet certain milestones. This can be seen as an incentive for founders or other key talent to hang the transition phase. Founded in 1999, Cyberark, based in Boston, specializes in access management. This includes privileged access security that helps organizations protect sensitive data and critical infrastructure from external (and internal) threats. Cyberark had previously made eight known acquisitions,…
The group manipulated from the van to pay cyberattacks on businesses and banks, stealing confidential information.Kuwait authorities have arrested members of international cybercrime gangs of Chinese nationality, the Home Office said after a massive attack on communication towers and financial institutions across the country. The cybercrime fight division was warned after several telecommunications companies and banks reported cyberattacks on the network and stole customer information and funds, the department said in an X post Thursday. Officers arrested a Chinese national in the Fawaniya area of Kuwait and seized several electronic devices in his possession. Police later found more tech tools…
We look into Gaza, his statement, Trump’s proposal for the reaction it produced.President Donald Trump sparked a controversy with his latest remarks suggesting that the US is “taking over” Gaza, “your” and “your” referring to Gaza. We’ll look at what he suggested and his reaction to it. What did Trump say about his “plan” in Gaza? Trump made controversial claims about Gaza, primarily centering on the idea that the US should control its territory, eliminate its people, and “redevelop” it. His key points: The US must “own” Gaza. He suggests that the US should control Gaza to ensure stability. Palestinians…
Nairobi, Kenya – Weeks after Rwanda-backed M23 rebels claimed control of the Congolese city of Goma, the capital of North Kivu province, fighters are advancing in neighbouring South Kivu despite calls from regional leaders for an immediate ceasefire. Over the weekend, leaders from the Southern African Development Community (SADC) bloc and the East African Community (EAC) bloc met in Tanzania, to discuss a way forward to restore peace in eastern Democratic Republic of the Congo (DRC), while the conflict is also high on the agenda at an African Union foreign ministers’ meeting in Ethiopia this week. At the Tanzania summit…
German anti-trust watchdog has been researching Apple’s APP privacy framework since 2022. On Thursday, releasing preliminary findings from the probe, Bundeskartellamt (FCO) said it suspects iPhone manufacturers are not treating third-party app developers equally as the law requires them . Anti-Trust Watchdog said it believes Apple’s actions could be self-rated. Apple was banned from preferring its own services and products in Germany in April 2023. In April 2023, it was subject to special abuse control aimed at regulating Big Tech’s market power. Under the wider Pan-EU Digital Markets Act (DMA), Apple is also prohibited from self-presenting several other core platform…
Silver Marketing Association, a B2B membership organization focused on reaching and impacting mature markets, has seen a massive surge in creative agencies that have joined the ranks over the past six months. According to CEO Debbie Marshall, the addition of five institutions over the past six months means that more participation is expected, meaning it will help understand and effectively target mature consumer markets. It reflects a growing awareness of importance. Marshall is keen to strengthen the expertise of teams in this rapidly expanding, profitable sector, and to help more junior members of staff understand demographics better. It emphasizes that…