A cryptocurrency initiative called Worldcoin, which aims to implement a universal basic income (UBI) through its program, is experiencing explosive expansion. Since its debut in June 2023, the project has amassed over 10 million users on its World App and adds approximately 2 million new registrants every day. Approximately 10 million individuals utilize the world … Read more
Circle, the company behind USDC stablecoin, has rolled out a new smart contract feature allowing for seamless conversion of BUIDL fund shares to USDC. Launched by BlackRock in March 2024, the BUIDL fund is based on Ethereum and provides dollar stability through tokenization. In the near future, investors can perform direct redemptions of their BUIDL … Read more
Kwon Do, a co-founder of Terraform Labs, is currently in a waiting period as Milović, Montenegro’s justice minister, deliberates on whether to request his extradition. Previously, the final decision regarding this matter was in the hands of the Supreme Court of Montenegro; however, it has now been transferred to the Ministers for consideration. In March … Read more
Fidelity Dynamic Buffered Equity Fund (FBUF), Fidelity Protected Equity Fund (FHEQ), and Fidelity Enhanced Yield Equity Fund (FYEE). These ETFs cater to the increasing demand of investors looking for safeguards against equity market downturns and enhanced income returns. Fidelity is entering the market for retiree-preferred candy-like investments, offering a variety of flavors through two Exchange-Traded … Read more
Sam Bankman-Fried, FTX CEO, has filed an appeal against his 25-year prison term handed down on March 28th. Judge Kaplan not only imposed this sentence but also frozen his $11 billion worth of assets during the hearing. Bankman-Fried’s legal team intends to challenge both the jury’s finding of guilt on seven felony charges and the … Read more