News

In response to Japanese regulators ordering LY Corp., the operator of the popular messaging app Line, to decrease its reliance on Naver, the South Korean partner in the venture, the South Korean government has pledged to safeguard its enterprises working abroad. The conflict involving Naver’s 50% holding in LY, a partnership with SoftBank, emerged…

The crypto industry has faced little regulatory attention until recently, with some countries opting for passive approaches through enforcement rather than creating clear frameworks to differentiate good actors from bad. However, as the industry has matured, incidents such as repeated setbacks and reputational damage caused by rogue players have become increasingly common. As a…

Kgothatso Ngako, a former software developer for Amazon, created the app Machankura, which allows users in Africa to send and receive bitcoin using the Lightning Network, without requiring a smartphone or internet connection. Before launching Machankura, Ngako founded Exonumia, an organization dedicated to translating Bitcoin literature into African languages. With over 15,000 users across…

In a world dominated by digital natives, Gen-Z women are navigating unprecedented territory. Born into a world where social networks are as integral as oxygen, these individuals have mastered the use of technology to present themselves authentically, interact with others, and build their online presence. Yet, as the appeal of endless possibilities and worldwide…

Fast-fashion giant Shein is shifting its focus towards a potential London listing after facing regulatory obstacles and criticism from US legislators during its attempt to float in New York. According to two individuals familiar with the matter, the online fashion retailer intends to update China’s securities regulator regarding the change in initial public offering…

With high interest rates and persistent inflation driving up costs for various household items, such as flooring and refrigerators, homeowners have been increasing their spending on home renovations in recent years. This surge in expenditure reached its peak during the early stages of the COVID-19 pandemic, as people invested in modifying their homes to…

A major cyberattack on Ascension, one of the largest healthcare systems in the US with over 140 hospitals and 25,000 beds spread across 19 states and Washington D.C., has caused significant disruptions to operations. Patients have reported missing scheduled medical procedures, including CT scans and mammograms, while some hospitals have been forced to divert…

In response to growing concerns about hidden fees and inflated costs, California has announced a new mandate set to come into effect on July 1st. Thousands of restaurants and businesses will no longer be allowed to add on service charges, resort fees, surcharges, or “junk fees” without clearly indicating these costs in their menu…

According to recent reports and statements made by European Central Bank officials, there is growing consensus among policymakers that it may be appropriate to cut interest rates during their upcoming meeting in June. While a “very large majority” supported keeping deposit rates unchanged at 4% during their April gathering, some members believed that the…

The recent market downturn has led to a resurgence in popularity for selling bitcoin call options, known as a yield-generating strategy, as the appeal of the cash and carry arbitrage diminishes. This strategy involves selling call options, which provides insurance to buyers against bullish price moves in exchange for a premium, the maximum profit…