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Ghana and the UAE signed an MoU to establish a technology and innovations hub to boost Ghana’s digital evolution as a center for AI and emerging tech. Also present to witness the signing were officials of the UAE’s mission in the country. Ghana and the UAE closed the $1B deal in Ningo, Greater Accra, on May 29th by the Minister of Communication, Digital Technology and Innovations, Samuel George, on behalf of Ghana and the Chairman of the Dubai PCFC, Sultan Ahmed Bin Sulayem, on behalf of the Middle Eastern nation. The signing ceremony was witnessed by top officials from Ghana and the UAE, including the UAE Ambassador to Ghana, H.E. Dr. Abdulla Almandoos, and the CEO of the Ghana Investment Promotion Centre (GIPC), Mr. Simon Madjie. Hon. George, also the Member of Parliament (MP) for Ningo-Prampram, described the partnership as an ambition grounded in mutual respect and built on a shared understanding. The “Ghana-UAE Innovations and Technology Hub” initiative was led by UAE’s Ports, Customs, and Free Zone Corporation (PCFC). The PCFC fully funded the initial phase of the one billion dollar project in partnership with AI firms behind Dubai’s AI transformation. It will involve the development of a 25 Km 2 site in Ningo-Prampram, with the government providing the land for the initiative. Global ICT giants and ‘enabled businesses’ to set up African HQs at the hub 🔹 Purpose of the Initiative: Transform Ghana into a regional technology and innovation hub. Attract foreign investment and foster economic growth across West Africa. Support startups, entrepreneurs, and digital infrastructure development. 📌 The project reflects Dubai’s… — Dubai | دبي (@dubai) June 2, 2025 Hon. George said the initiative, also known as the “Ningo Tech Gateway,” would see global ICT giants and enabled businesses take residence in the hub as their African HQs. It will feature AI laboratories, innovation hubs, and data centers powered by renewable energy sources. The Minister added that the partnership spoke to the vision of H.E. President JD Mahama and the potential that his “One Million Coders Program” held for Ghanaians. Member of Parliament for Asunafo North Haruna Mohammed said the hub will drive AI engineering, business process outsourcing (BPO), knowledge process outsourcing (KPO), and Africa-focused machine learning. The initiative is expected to attract over 11K global tech firms, including Microsoft, Meta, Oracle, IBM , and Alphabet, who are seeking to expand their presence in the country and across the continent, creating unprecedented opportunities for economic growth and job creation. Hon. Mohammed believes that Ghanaian youths will benefit from training and employment opportunities in AI, cybersecurity, data protection, and other high-demand digital skills. He added that the initiative will help cultivate a new generation of innovators and entrepreneurs who will develop solutions tailored to local needs while competing globally. “For my constituents, this initiative is a beacon of hope, offering a future where our brightest minds can find opportunity in their own backyard, contributing to a digital renaissance led by Ghanaians for Ghanaians.” – Hon. Haruna Mohammed , MP for Asunafo North Hon. Mohammed also reiterated that the initiative reflected Hon. George’s unwavering commitment to advancing President Mahama’s vision of diversifying Ghana’s economy through innovation and inclusive development. Sultan Sulayem says implementing and scaling ideas defines national wealth Sultan Ahmed Bin Sulayem, who also serves as the Chairman and CEO of DP World, stated that national wealth in today’s world is defined by the ability to generate, implement, and scale ideas. He cited Apple , which turned a simple concept into a multi-billion-dollar enterprise, stressing the power of ideas, engineering, and innovation. Sultan Sulayem highlighted the global shift toward automation and AI, explaining that the role of people had evolved from manual labor to high-value design, problem-solving, and supply chain management. He used examples from DP World’s fully automated port in Rotterdam and its integrated logistics operations in over 70 countries, emphasizing that jobs were not being lost but transformed–workers now managed smarter processes and customer relationships. The DP World CEO also said Ghana was set to become a major production and distribution hub in West Africa. He pointed out that global supply chains were strained, and companies were looking to produce goods closer to their markets. KEY Difference Wire helps crypto brands break through and dominate headlines fast
In a striking commentary that has sparked renewed debate in the crypto space, market observer Amonyx has urged investors to convert their Bitcoin (BTC), Ethereum (ETH), and other altcoins, dismissively referred to as “shitcoins” into XRP , warning that time is running out. Amonyx made this assertion while referencing a viral post by analyst Jacob King, who alleges that a shadowy $4 billion Bitcoin transfer by Tether to Jack Mallers’ newly launched firm, Twenty One Capital, may be the latest red flag in what he calls a fabricated market ecosystem. Tether’s Dubious Bitcoin Transfer Sparks Alarm At the center of the controversy is a massive transaction involving 37,229 BTC, worth nearly $4 billion, moved by Tether to Twenty One Capital just a day after the company launched. According to King, the timing and scale of this transfer raise serious concerns about the legitimacy of the demand for Bitcoin. “Nobody was buying,” King stated bluntly, implying that without Tether’s interference, organic interest in Bitcoin is virtually nonexistent. REMINDER: Time is running out to convert your $ETH , $BTC , and all other shitcoins into $XRP . https://t.co/1FWn7qyvG4 — Amonyx (@amonbuy) June 3, 2025 This sudden liquidity injection is seen by critics not as an investment decision, but rather as an attempt to simulate demand and support artificially high prices. King argues that the Bitcoin market is being propped up by a single centralized entity, likening it to a house of cards destined to collapse once the illusion of liquidity is exposed. Jack Mallers’ Risky Venture Draws Comparisons to Collapsed Schemes What further intensifies the scrutiny is Mallers’ announcement of a new lending service under Twenty One Capital, a move that critics argue echoes the playbooks of defunct platforms like Celsius and Bitconnect. These notorious projects lured investors with promises of high returns through lending models, only to implode under the weight of insolvency and mismanagement. For Amonyx and others raising the alarm, Mallers’ pivot into lending, so soon after receiving billions in BTC from Tether, is a glaring red flag. “Avoid at all cost,” King warned, suggesting that the scheme will inevitably go bust. The parallels with past crypto collapses are unsettling, with King calling this episode “the most elaborate financial fraud in history” and predicting its unraveling will be “nothing short of spectacular.” We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP as a Safer Alternative Amid Systemic Risks Against this backdrop of escalating skepticism surrounding Bitcoin and Ethereum, Amonyx is championing XRP as a superior and more transparent alternative. The digital asset, developed by Ripple Labs, has long positioned itself as a bridge currency for cross-border payments and has recently gained renewed institutional interest following partial legal clarity in the U.S. courts. XRP’s resilience amid regulatory uncertainty and its focus on real-world utility make it, according to Amonyx, a safer bet as the rest of the market faces increasing scrutiny and potential collapse. While BTC and ETH are criticized for their speculative bubbles and lack of clear use cases, XRP’s alignment with global financial infrastructure continues to gain traction, especially with growing partnerships across Asia, the Middle East, and Latin America. A Turning Point for the Crypto Market? The warning from Amonyx is not isolated. It reflects a growing disillusionment within parts of the crypto community who are questioning the sustainability of the existing market structure. The latest revelations only intensify the demand for greater transparency and decentralized accountability. As trust in some of the market’s most dominant assets begins to erode, XRP appears to be emerging as a potential beneficiary of the shift. Whether or not investors will heed the call to convert their holdings before what Amonyx calls the impending collapse remains to be seen. But one thing is clear: the market is approaching a critical juncture, and the decisions made in this moment may shape the future of crypto for years to come. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Convert Your Bitcoin, Ethereum Into XRP, Pundit Says Time Is Running Out. Here’s Why appeared first on Times Tabloid .
Digital finance provider Currency.com has expanded further into the U.S. market by acquiring regulatory approval in the state of Tennessee . According to the company, this is its 31 st U.S. Money Transmitter License (MTL). This brings it a step closer to its strategic goal of getting full licensure across all 50 states. The Currency.com team said it was encouraged by Tennessee’s crypto-friendly initiatives over the past three years. Tennessee politicians have also been actively engaged over the years in crypto-related matters at the federal level. As for the company itself, it plans to secure “regulatory approval across the country preemptively.” It will hasten these efforts for the remaining licenses. Additionally, Currency.com will also be forming local compliance and operational teams. Source: Currency.com This state-by-state strategy will position it to “rapidly scale its offering once nationwide crypto regulation is firmly established.” It’s all a part of “a broader vision to establish a fully regulated, future-proof financial platform in the U.S.—one capable of supporting both institutional clients and individual users.” CEO Konstantin Anissimov commented that the company wants to become a leading player in the U.S. digital finance space. “We’re securing the necessary licenses today so we can hit the ground running when the regulatory landscape matures. Tennessee is another critical step toward that vision,” he said. You may also like: PayPal Adds Solana and Chainlink for U.S. Users in Expanded Crypto Offering PayPal has expanded its digital asset services by adding support for Solana (SOL) and Chainlink (LINK) for users in the United States and its territories.According to an update on the company’s crypto FAQ page, customers can now buy, sell, hold, and transfer these two cryptocurrencies directly through PayPal’s platform.Previously, users could only access SOL and LINK via third-party services like MoonPay while using PayPal as a payment method.PayPal’s Latest Crypto Move Marks... (Re)Turning to the U.S., One at a Time Currency.com says it serves businesses, enterprise clients, and retail users. It is operational in more than 100 countries, with “a growing network of regulatory approvals” in the United States, the European Union, and the Middle East. Another major FinTech partnership! Our CEO shared his ideas with @PYMNTS : “SMEs are turning to stablecoins as banking rails get harder to use. Faster payments = more working capital.” https://t.co/4jLo1LsE4X #Stablecoins #Crypto #FinTech #Currencycom — Currency.com (@CurrencyCom) May 23, 2025 Per the website, the company is registered with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) as a money services business (MSB). It’s neither a registered broker-dealer nor a member of the Financial Industry Regulatory Authority (FINRA) or the Securities Investor Protection Corporation (SIPC). Internationally, Currency.com is regulated by the Financial Supervision Commission of Poland as a Virtual Asset Service Provider under the Polish Regulatory Framework. Meanwhile, crypto companies seem to have amped up their efforts to (re)enter the U.S., after years of regulatory challenges. While the regulatory clarity is not there, the environment is somewhat more crypto-friendly. For example, Deutsche Bank and Standard Chartered are now exploring options to expand their crypto operations in the United States. Traditional banking giants JPMorgan, Bank of America, Citi and Wells Fargo are considering a consortium-backed stablecoin to compete in the crypto space. #Stablecoin #Banks https://t.co/sWFJQ8R9oD — Cryptonews.com (@cryptonews) May 23, 2025 Within the country itself, some of Wall Street’s major banks are reportedly exploring crypto expansion . However, according to four unidentified executives, banks hesitate to be the first to make this step, fearing a rule change. Instead, they are waiting for initial test cases to pass. Overall, we’re likely to see this trend continue. You may also like: Why Is Crypto Up Today? – June 3, 2025 After several days of consecutive slight decreases, the crypto market has turned green. The majority of the top 100 coins are up over the past 24 hours. At the same time, the cryptocurrency market capitalization has decreased by 1% to $3.43 trillion. The total crypto trading volume is at $101 billion.Why Is Crypto Up Today? Crypto Winners & LosersAt the time of writing, of the top 10 coins per market capitalization, nine are green. Only one has seen a decrease, but so minor that... The post Currency.com Secures MTL License in Crypto-Friendly Tennessee, Accelerating 50-State Ambition appeared first on Cryptonews .
The US cryptocurrency industry is launching its most vigorous lobbying push to date as the Senate weighs a historic vote on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act — a 15-page bill that would bring much anticipated federal regulations to the $150 billion stablecoin market. The stakes are high: if enacted, it will be the first significant crypto law to make it to the Senate, setting a precedent for regulation of digital dollar and defining the global stablecoin space. What's in the Bill and Who's Pushing for It? The GENIUS Act, which cleared a 66-32 procedural vote, aims to subject stablecoin issuers like Circle (USDC) and Tether (USDT) to stringent reserve, consumer protection, and anti-money laundering requirements. The bill includes new foreign and non-financial issuer limits, interest payment prohibitions to stablecoin holders, and specific language to prohibit issuers from implying government sponsorship or FDIC insurance. Behind the bill is a high-profile coalition: the Blockchain Association, Crypto Council for Innovation, Digital Chamber, and DeFi Education Fund have all made joint statements urging lawmakers to pass the bill without delay or unnecessary amendments. Big banks and payments giants like Citigroup and BlackRock are keeping watch, betting that regulatory clarity will unlock trillions of new demand for U.S. Treasuries and digital payments infrastructure. As the bill makes its way through the amendment process, we respectfully ask lawmakers to hold fast to its core objective: implementing a targeted and holistic approach to stablecoin regulation,” the groups wrote in a June 2 statement. “As the bill continues through the amendment process, we respectfully urge lawmakers to remain committed to its central goal: providing a targeted and comprehensive approach to stablecoin oversight,” the groups said in a June 2 statement Senate Drama: Amendments, Election-Year Politics, and the Clock Despite its bipartisan backing, the bill faces a political minefield. Senators Roger Marshall and Dick Durbin are engaged in a battle to attach the Credit Card Competition Act (CCCA), a controversial swipe-fee restructuring opposed in fierce terms by card networks and banks. Other amendments would touch on foreign ownership, disclosure of government officials, and even Trump family crypto businesses — each threatening to jam up or derail the bill as election politics heat up. Crypto lobbyists are in a time crunch to keep the bill on track. ”Unacceptable,” warned Americans for Prosperity's James Czerniawski, warning that unrelated amendments could harm consumer credit and sidetrack the bill's momentum. Experts place a 60-65% probability of passing this year's stablecoin bill, but warn delays could delay final approval past the election and into 2026. Who's a Winner and Loser? If it is passed, stablecoin issuers like Circle and Paxos will stand to gain the most, with clearly delineated rules probably fueling institutional adoption and widespread usage. Banks and asset managers can expect new demand for U.S. Treasuries, while fintechs and payment networks will face new compliance obligations. The bill's current form can enrich political insiders and expose consumers to new danger, according to critics like Senator Elizabeth Warren. Social Buzz Crypto Twitter is on fire with speculation and lobbying. Industry influencers are calling out followers to reach out to their senators, while opponents are cautioning that party politics might drown the bill at the eleventh hour. ”If the Senate can't manage this now, stablecoin regulations may remain in limbo for years,” posted one analyst. Others see the bill's advancement as a sign that Washington is finally ready to bring digital assets into the fold as a fundamental part of the financial system. With the Senate poised for a historic vote, the outcome will not just determine what stablecoins are, but the future of American digital finance.
Coinbase was informed of a customer data leak at its outsourcing partner, Taskus, some four months before a significant breach that is expected to cost the company $400 million. Breach Causes 200 Employees to Lose Jobs? U.S. cryptocurrency exchange Coinbase was made aware of a customer data leak at one of its outsourcing companies four
MELANIA Token surged after a Wintermute agreement for liquidity support. Trump's spouse's token initially peaked due to hype before the downturn. Continue Reading: Altcoins Surge as MELANIA Token Climbs Higher The post Altcoins Surge as MELANIA Token Climbs Higher appeared first on COINTURK NEWS .
Moody’s finds growing institutional demand for tokenized money market funds, citing benefits in liquidity, compliance and operational efficiency.