Trump Media Eyes Bitcoin with Fintech Expansion

Trump Media Eyes Bitcoin

President Donald Trump’s Trump Media and Technology Group (TMTG) is venturing into financial services, with plans to launch a fintech arm called Truth.Fi. The company, which operates the social media platform Truth Social, announced the move as part of a broader diversification strategy. In a bold declaration, Truth.Fi revealed that it may invest $250 million […]

Microsoft to Train 1 Million South Africans in AI and Cybersecurity

AI and Cybersecurity

Microsoft has unveiled plans to train 1 million South Africans in artificial intelligence (AI) and cybersecurity skills by 2026. This initiative is part of the company’s broader strategy to empower individuals and businesses across Africa with essential digital skills, ensuring they can compete in the global economy. Building on its earlier commitment to train 30 […]

Crypto Advocate Scott Bessent Confirmed as Treasury Secretary

Crypto Advocade Scott Bessent

The U.S. Senate voted to confirm billionaire hedge fund manager and crypto advocate Scott Bessent as the next Treasury Secretary, with a resounding majority of 68 votes in favor. Bessent, known for his vocal support of blockchain and digital assets, joins President Trump’s cabinet, marking a significant shift in leadership at the Treasury Department. Bessent’s […]

Kraken Case: A Turning Point for Crypto Regulation

Kraken Case

The Securities and Exchange Commission (SEC) secured a partial victory in its lawsuit against Kraken, a prominent US-based cryptocurrency exchange. In a California court, federal judge William Orrick dismissed Kraken’s key defense under the major questions doctrine, which argues that regulatory agencies cannot address significant economic issues without clear congressional authority. Judge Orrick ruled that […]

Bitcoin ETF Inflows Lose Momentum

Bitcoin ETF Inflows

In the wake of President Donald Trump’s inauguration, inflows into spot Bitcoin exchange-traded funds (ETFs) in the United States slowed significantly, defying the crypto community’s high expectations. Data from SoSoValue revealed that the 12 spot Bitcoin ETFs collectively attracted $1.76 billion over the past week, marking a 10.5% decline compared to $1.96 billion the previous […]

SEC Crypto Actions Hit a Crossroad

SEC crypto actions

The cryptocurrency regulatory landscape saw dramatic changes in 2024, according to a report from Cornerstone Research. Enforcement actions by the U.S. Securities and Exchange Commission (SEC) dropped by 30% compared to 2023, marking a stark contrast to the record-breaking number of actions in the prior year. However, this decline didn’t signal leniency. Instead, the financial […]

Trump’s Crypto Vision Sparks Buzz

Trump's crypto vision

The 2025 World Economic Forum (WEF) in Davos wrapped up with an unexpected twist: crypto and AI were at the center of global discussions. Coinbase CEO Brian Armstrong shared insights from the event, revealing that US President Donald Trump’s crypto agenda is reshaping financial conversations. Armstrong took to X (formerly Twitter) on Jan. 24, stating, […]

Banks Cleared to Custody Bitcoin After Rule Change

Banks cleared to Custody

Michael Saylor, executive chairman of MicroStrategy, revealed that banks can now legally custody Bitcoin (BTC) following the repeal of the controversial SAB 121 rule. The rule, outlined in an earlier SEC accounting bulletin, required companies engaged in crypto custody to list digital assets as liabilities on their balance sheets. This mandate made it financially unfeasible […]