Author: cryptotechbro
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Insider Brief Naver has partnered with the Saudi Arabian government on a five-year, $100 million project to develop digital twin platforms for Riyadh and four other major cities. The initiative will create highly accurate 3D models to improve urban management, integrating services like smart city infrastructure planning and flood simulation. Naver’s project supports Saudi Arabia’s smart city strategy and positions the company as a major player in the global digital twin industry. PRESS RELEASE — Naver, a prominent South Korean internet and technology company, has entered into a significant five-year partnership with the Saudi Arabian government to develop digital twin…
Crypto trading platform Robinhood remains in talks with the US Securities and Exchange Commission (SEC), following a warning letter issued by the financial regulator in May. In an interview with Bloomberg Television, Chief Executive Officer Vlad Tenev revealed that the company has filed a response to the SEC’s Wells Notice regarding its cryptocurrency operations, hinting at possible regulatory enforcement action. Robinhood CEO Emphasizes Robust Response A Wells notice is a letter from the SEC informing a company that the regulator is considering recommending civil or administrative action against it. Robinhood has since submitted a response, with Tenev emphasizing that the…
Each fund would invest in SOL, which is currently the fifth largest cryptocurrency by market cap. Two asset management firms, VanEck and 21Shares, have applied to offer Solana spot exchange-traded funds (ETFs). VanEck filed its application with the U.S. Securities and Exchange Commission (SEC) on June 27, while 21Shares filed its application on June 28. Both funds intend to list and trade shares on the Cboe BZX Exchange. The ETFs aim to invest in Solana’s native cryptocurrency token, SOL, and reflect the the asset’s price performance minus operating expenses. Both applications identify certain companies that will participate in operations. 21Shares…
On-chain data shows the XRP sharks and whales have expanded their holdings to a new all-time high (ATH) with a 10% jump in August. XRP Wallets With 10 Million To 100 Million Tokens Have Set A New Record According to data from the analytics firm Santiment, the XRP sharks and whales have sharply increased their holdings recently. The indicator of relevance here is the “Supply Distribution,” which tells us about the total amount of the cryptocurrency that a given wallet group is holding right now. Addresses or investors are divided into these cohorts based on the number of coins that…
Donald Trump, a name synonymous with political spectacle, has now set his sights on the world of cryptocurrency. We analyzed his recent remarks. At the recent Bitcoin conference in Nashville, the former president made a bold promise: if elected, he would make the U.S. the “crypto capital of the planet” and usher in a “Bitcoin superpower.” The crowd erupted in cheers, but beyond the hype, what does this really mean for the future of Bitcoin? Trump’s embrace of crypto is undoubtedly a political maneuver. His campaign has already raked in millions in cryptocurrency donations, and his Nashville appearance likely generated a further windfall.…
Insider Brief LG Innotek partners with Ansys to expand Digital Twin technology, drastically reducing product development time and costs. Virtual simulations cut substrate warping prediction time from 11 days to 3.6 hours, optimizing production processes. Collaboration aims to implement Digital Twin across all value chains, enhancing quality and efficiency through AI-driven simulations. LG Innotek announced on August 8 its plans to expand the application of ‘Digital Twin’ technology across all processes in collaboration with Ansys, the global leader in engineering simulation, according to the Korea IT Times. This partnership aims to leverage the technology to improve the manufacturing sector by…
Solana price is up today as the wider crypto market recovers and analysts focus on SOL’s outperformance versus ETH.
The rise of blockchain technology has brought about a wave of positive transformations across multiple sectors, including online gambling. This cutting-edge technology ensures safety and openness in tackling concerns within the gambling sector. Blockchain technology functions as a decentralized ledger system that securely logs transactions across a network of computers. Each transaction gets bundled into a block connected to the one creating a sequential chain. This setup ensures transparency, immutability, and security because changing any block requires unanimous agreement across the network making it resistant to manipulation and fraud. Widely linked with cryptocurrencies such as Bitcoin, the use of blockchain…
The American Internal Revenue Service has announced much tougher tracking on income gained from cryptocurrency investments. Alright, listen up, crypto folks. The IRS just dropped some serious bombshells about how they’re gonna be tracking your digital dough. Let’s break it down: starting in 2026, crypto brokers are going to be spilling the beans on your trades. They’ll be sending the IRS all your juicy details on Form 1099-DA, including how much you made from selling your digital assets. And get this: in 2027, they’ll be ratting out your cost basis as well. Yeah, Uncle Sam wants to know exactly what…