Category: crypto

Nexus Core Systems signed a $1.28 billion MoU with Moroccan authorities to develop an artificial intelligence facility. The project, called Nexus AI Factory Platform, will roll out in two phases, creating 125 jobs by 2027. The initiative aligns with Morocco’s Digital 2030 strategy and aims to strengthen the country’s digital infrastructure and capabilities in AI.

Meta Platforms is working on developing a 3D AI version of Mark Zuckerberg to communicate with staff in real-time. The project involves training the system on Zuckerberg’s voice, expressions, and communication style. This initiative aims to provide employees with direct access to leadership for guidance and updates. Additionally, Meta is expanding its social commerce tools…

The European Central Bank supports transferring oversight of large crypto firms and trading platforms to the European Securities and Markets Authority to prevent financial shocks and promote market integration. Implementation faces opposition from countries like Malta, citing new regulatory framework concerns. The plan aims to prevent risk migration into the banking system.

Aave Labs will receive $25 million in stablecoin grants and 75,000 AAVE tokens to fund development. Revenue from products will go to the DAO treasury, shifting financial responsibility. Aave V4 is confirmed as the long-term technical foundation. The move aims to stay ahead of competition and capture new markets quickly.

The Bank of Korea is urging cryptocurrency exchanges to implement circuit breakers to prevent market panic after a $42 billion Bitcoin transfer error at Bithumb. The central bank recommends new regulations for trading curbs and internal controls to prevent similar incidents and improve transparency in the industry.

A fraudulent app on Apple’s App Store stole $420,000 in Bitcoin from musician G. Love. The app bypassed Apple’s security to target Ledger users. After downloading it, G. Love entered his recovery phrase, leading to the theft. The stolen Bitcoin was transferred to KuCoin. Similar scams are on the rise, with losses totaling $11 billion…

Bitcoin price dropped to $70,617 as the White House announced a naval blockade after failed peace talks with Iran. President Trump confirmed the blockade of the Strait of Hormuz, causing oil prices to surge to $105 per barrel. The situation led to economic fallout and increased volatility in the Bitcoin market.

European banks and corporates are transitioning from researching the stablecoin market to implementing rollout strategies. MiCA has provided a single rulebook for stablecoin projects, accelerating the process from planning to execution. Corporate treasury demand is driving the use of stablecoins for payments, settlement, and cross-border fund movement in Europe. Industry executives note a shift towards…

Justin Sun accused World Liberty Financial of hiding blacklist controls that could freeze token holders’ wallets. Onchain data tied the project to large token-backed borrowing, drawing criticism. Sun claimed the project had a backdoor blacklisting function and accused WLFI of violating investor rights and blockchain standards. Token prices fell, adding pressure to the project.

President Trump announced that the US Navy will start blockading ships entering or leaving the Strait of Hormuz immediately. He mentioned interdicting vessels paying tolls to Iran, linked the blockade to tensions with Iran, and expressed a goal of stopping “world extortion.” The move is part of broader efforts to address the Iran crisis.