Latest news with #Crypto
The National
3 hours ago
- Business
- The National
What new US crypto laws mean for the future
Crypto has reached a critical moment in its history. The US released a slew of game-changing bills for cryptocurrency last week, signalling a long-anticipated seal of approval of crypto from the world's largest economy. Those bills are the Clarity Act, something called the Anti-CBDC Surveillance State Act, and – the Genius Act, which is what we are focusing on today. It is all expected to have major implications for the Middle East, which has already established its own level of crypto adoption. On this episode of Business Extra, host Salim Essaid hears from two experts; Naeem Aslam, CIO at Zaye Capital Markets in London, and Ola Doudin, CEO of UAE-based cryptocurrency exchange BitOasis. here.
Bloomberg
7 hours ago
- Business
- Bloomberg
Crypto Industry Boosted Lobbying to Pass Coveted Stablecoin Bill
Crypto companies and advocates of digital assets boosted their lobbying this year to ensure passage of landmark legislation, delivering the nascent industry its first major policy victory in Washington. The firms reported spending $6.9 million in the second quarter, congressional disclosures show, a 21% increase over their outlays in the previous three months. The expanded spending came as Congress advanced industry-backed bills, including stablecoin legislation that President Donald Trump signed into law last Friday.
Bloomberg
10 hours ago
- Business
- Bloomberg
Public Market Moves By Crypto Companies
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Jelena Noble Co-Founder and CEO Jelena Djuric and Bitcoin Standard Treasury Company CIO Sean Bill. (Source: Bloomberg)
Forbes
17 hours ago
- Business
- Forbes
From Algeria To The World: Local Voice Shapes African Decentralized AI
Crypto Ownership Growth by Region. Data Source: Triple-A. (Graphic by Visual Capitalist via Getty ... More Images) When people talk about the future of decentralized AI (DeAI), the conversation often gravitates toward technical infrastructure, such as blockchain-based protocols, large language models, dataset quality, privacy, and ethical standards. But underneath the model lies a far more human foundation: community, an integral part that transforms Decentralized AI from a concept into a practical utility, beyond mere narrative. In Algeria – Africa's largest country by land area, rich in natural resources and cultural heritage, bridging North Africa and the Arab world – that foundation has been quietly taking shape over the years, led by a volunteer voice few outside the region know. I spoke with Chabane MT Tarek, a local Algerian whose mother tongue is Arabic, an Economics and Accounting graduate, who's been captivated by the world of blockchain since 2013, and is now deeply engaged with the possibilities of DeAI. Chabane is a volunteer who devotes his time largely to the Crypto & AI community in Africa. He's helping shape Africa's presence in one of the most important technological movements of our time. We spoke about his personal journey through crypto, the on-the-ground realities of building community in Africa, and what it truly means to make DeAI (and AI in general) not just technically sound, but globally inclusive. 'I Entered Crypto In 2013, Out Of Curiosity.' When Chabane came across Bitcoin in 2013, 'There wasn't even a community. I read whitepapers, followed online forums, taught myself what I could,' he tells me. That curiosity would later evolve into conviction through Ethereum, ICOs, DeFi, and eventually, decentralized AI. 'I've seen hype come and go. What excites me now is infrastructure. Real, usable, and inclusive systems.' His discovery of DeAI came at a time when AI was becoming mainstream but also increasingly centralized. 'The decentralized AI model and infrastructure fascinated me. I realized this was something with true vision, especially considering the centralized hacks and setbacks the industry had gone through in 2016 and 2019." The Africa 'Playbook' and Misunderstanding Ask someone unfamiliar with the continent about 'tech in Africa', 'usage of AI in Africa', and chances are, you'll get vague generalizations. 'People forget this is a continent of 54 countries and over 2,000 languages,' Chabane says with a light tone and smile. 'What works in Ghana won't automatically work in Algeria.' In North Africa, Arabic is the primary language; in parts of central Africa, it's French or English; and elsewhere, the dominant digital language is English. But language is just one layer. 'To localize means more than translation: it means understanding people's behaviors, platforms, economics, even cultural comfort zones.' In Algeria, for instance, Twitter is not the go-to channel for tech discussion. Facebook is still where most online communities engage, something many international projects fail to grasp. Geographically, North Africa holds a unique position as a cultural and geopolitical bridge between sub-Saharan Africa and the MENA (Middle East and North Africa) region. 'Our location gives us a natural role in connecting two massive regions,' he explains. 'There's shared language with MENA, but we're also part of Africa's emerging tech narrative.' For decentralized AI to be truly global, regions like this can't be an afterthought. They have to be part of the foundation. When I ask why decentralized AI feels relevant in his region, Chabane doesn't hesitate. 'Because centralized AI has never served us fully. We've always been on the outside of the decision-making process, whether it's access to platforms, data rights, or even language inclusion.' Decentralized AI offers an alternative. It enables local data contributors to be rewarded, gives communities agency over their own digital narratives, and creates opportunities that aren't gatekept by borders or bandwidth. Chabane's current work on DeAI is entirely volunteer-driven. He organizes community events, translates technical content, supports education initiatives, and uses AI tools to craft locally relevant stories. "There's growing interest here. People want to be part of something global, yet something they can intuitively resonate with. They just need an entry point." Build Decentralized AI From Ground up It's easy to romanticize decentralization as a technical ideal, but this story reminds us: there's no decentralization without distribution across geographies, languages, and cultures. 'You can have the best protocol in the world,' Chabane opines, 'but if people in Algeria, Nigeria, South Africa, or rural Kenya can't understand and make sense of it, then it's not really decentralized.' Although building decentralized infrastructure for AI is still at its infancy, that future could also be closer than we think thanks to voices like his, building not from the top down, but from the ground up.
Zawya
a day ago
- Business
- Zawya
BitGo joins crypto IPO rush as sector hits $4trln in market value
Crypto custody startup BitGo said on Monday it has confidentially filed for a U.S. listing, joining a wave of companies looking to capitalize on strong market momentum. The crypto sector's climb to a $4-trillion market value has reignited interest for initial public offerings, with clearer regulation, corporate treasury adoption, and institutional inflows fueling a new wave of new listings. Bitcoin, the world's largest and best-known cryptocurrency, recently hit an all-time high and breached the $120,000 mark. "These are the best market conditions the crypto space has seen in years, and companies want to take advantage of that," said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs. "These startups know that the IPO window can shut unexpectedly, especially in a volatile space like crypto, so they're looking to strike while the iron's hot." Founded in 2013, BitGo is one of the largest crypto custody firms in the United States. It stores and protects digital assets for clients, a role that has gained importance as institutional interest in crypto grows. In mid-2023, it raised $100 million at a $1.75 billion valuation. CRYPTO IPO BOOM The sector's rapid ascent has opened the floodgates for IPO filings, with crypto exchange Bullish recently disclosing its IPO paperwork. Crypto-focused asset manager Grayscale and Gemini, the digital assets exchange founded by Tyler and Cameron Winklevoss, have also confidentially filed to go public. "Many crypto companies have matured. After more than a decade, they've built stable client bases, some with SaaS-like margins and predictable cash flows," said Kat Liu, vice president at IPO research firm IPOX. Last week, U.S. President Donald Trump signed a law to create a regulatory regime for stablecoins, potentially allowing the dollar-pegged digital assets to become an everyday way to make payments and move money. Stablecoin issuer Circle went public in June in a blowout market debut. (Reporting by Manya Saini in Bengaluru; Editing by Leroy Leo and Shinjini Ganguli)
