Small farmers in the developing world may be on the cusp of an agricultural breakthrough. With emerging technologies like satellite imagery, drones and machine learning boosting productivity, it’s becoming more viable than ever to sell their produce in places like Western Europe. There’s just one catch: avocado farmers in East…
Bankrupt crypto companies FTX and Genesis Global announced they had reached an agreement in principle concerning claims made by the firms against themselves, per a July 27 letter to Judge Sean Lane. Although the letter does not disclose the specifics of the settlement terms, it mentions that the firms are…
This summer, parts of the United States are wilting under a multi-month stretch of sweltering heat and data suggests that summer temperatures will continue to creep up in the coming years. The planet is on what seems to be a pretty clear path to soon reaching 1.5 degrees Celsius of…
The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on the evening of July 27. The bill includes a provision that targets crypto mixers, anonymity-enhancing coins and institutions that are engaging in crypto trading. The NDAA is a bill that helps authorize how the…
Cryptocurrency asset manager Grayscale Investments has sent a letter to the U.S. Securities and Exchange Commission (SEC) arguing that new spot Bitcoin ETF filings such as Blackrock’s, based on prior rulings, should not be approved according to precedent. The letter argues that the regulator must approve any spot bitcoin exchange-traded…
The Sandbox metaverse development platform announced on July 27 that it will be partnering with the British Museum to bring it into the metaverse. The blog revealed that the partnership aims to create new “immersive experiences” for users to discover world history. A range of digital collectibles will be generated…
BOJ’s New Policy Direction The Bank of Japan (BOJ) announced a significant policy change today, July 28, which is already influencing the global financial markets. The BOJ has adjusted its yield curve control program, formerly designed to cap the 10-year government bond yield at 0.5%. Analyst Mohamed A. El-Erian commented…
Crypto mining hardware provider Phoenix Technology is reportedly starting discussions to conduct an initial public offering (IPO) in the United Arab Emirates, according to a report by Bloomber. The Bloomberg report cites anonymous sources who explained that discussions around the matter are still ongoing and the details are not yet finalized. Phoenix Technology…
Binance has moved to dismiss the charges filed against it and CEO Changpeng ‘CZ’ Zhao by the U.S. Commodity Futures Trading Commission (CFTC) because the financial regulator acted outside its powers. “The CFTC’s complaint should be dismissed because it has failed to plead that the Foreign Binance Entities and Mr.…
Animoca Brands co-founder and executive chairman Yat Siu sees significant potential in the personalization of Web3-based services as his firm earmarks $30 million to neobank platform hi. Siu’s investment firm plans to invest into the Web3 app that combines a cryptocurrency exchange, digital banking services and a customizable NFT-styled crypto…