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Communist nation embraces cryptocurrency to avoid US sanctions
This Communist country will regulate and recognise cryptocurrencies as demand grows for the digital currency
As the popularity of cryptocurrency continues to gain speed in across the world, Cuba says that it will officially recognise and regulate crypto payments.
The central bank says that it will set rules and determine how to license providers in the space. The state cited “reasons of socioeconomic interest” are behind the decision.
The move could help the Communist nation circumvent American sanctions which were enacted by former president Trump.
The decision to recognise crypto marks a historic moment
“It’s historic that they are embracing it,” Boaz Sobrado told CNBC. Sobrado is a London-based fintech data analyst, who spent four years working in crypto in Cuba.
“This is a conservative government still set in traditional Marxist ways. In fact, the communist Cuban central bank was founded by Che Guevara. The fact that they are cautiously regulating shows they are interested in what it can bring them,” Boaz said.
US-Cuba relations
Current US president Joe Biden is yet to reverse the restrictions, despite expectations that he would normalise relations with the country.
Instead, Biden has cracked down even further following government retaliation to protests in Cuba.
The state has assured that it will be keeping a tight control of crypto transactions within its borders. It also has explicitly outlined that crypto will not be used to facilitate illegal activity.
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Russia bans WhatsApp and promotes state-backed messaging app
Kremlin blocks WhatsApp, urging citizens to use state-backed MAX; critics warn of surveillance, prompting protests in Moscow.
Kremlin blocks WhatsApp, urging citizens to use state-backed MAX; critics warn of surveillance, prompting protests in Moscow.
The Kremlin has officially blocked WhatsApp, urging Russians to switch to MAX, a state-backed messaging app. This move comes after Meta refused to comply with local regulations, sparking debates over digital freedom in the country.
Critics warn that MAX could be used for government surveillance, though authorities deny these claims. The ban highlights Russia’s growing control over foreign tech platforms and its push for locally regulated alternatives.
Activists in Moscow have staged protests calling for an open and unregulated internet, while the public reacts with a mix of concern and resignation.
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U.S. secretly sent 6,000 Starlink terminals to Iran after protests
US covertly sent 6,000 Starlink terminals to Iran amid protests, aiding internet access despite government shutdowns and crackdown violence.
US covertly sent 6,000 Starlink terminals to Iran amid protests, aiding internet access despite government shutdowns and crackdown violence.
U.S. officials report that the Trump administration covertly sent around 6,000 Starlink satellite internet terminals into Iran following widespread protests. The move was designed to bypass strict internet blackouts imposed by authorities in Tehran.
The terminals reportedly enabled activists and dissidents to reconnect with the outside world during periods of severe digital restriction, raising fresh questions about foreign involvement and cyber strategy.
As geopolitical tensions simmer, the revelation underscores how connectivity has become a powerful tool in modern conflict.
#Iran #Starlink #DonaldTrump #MiddleEast #GlobalPolitics #TechNews #InternetFreedom #BreakingNews
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Anthropic secures 30 billion in fresh funding as valuation surges
Anthropic raises $30B, doubling valuation to $380B, boosting global AI race with support from GIC, Coatue, Microsoft, and Nvidia.
Anthropic raises $30B, doubling valuation to $380B, boosting global AI race with support from GIC, Coatue, Microsoft, and Nvidia.
Anthropic has secured a staggering $30 billion in fresh funding, catapulting its valuation to $380 billion and cementing its place among the most valuable AI companies in the world. The raise marks the second-largest private technology funding round ever, trailing only OpenAI’s $40 billion deal.
Major backers in this latest round include Singapore’s GIC and Coatue Management, alongside existing heavyweight partners Microsoft and Nvidia. The scale of the investment underscores intensifying global competition in artificial intelligence as capital continues to flood into the sector.
Anthropic’s valuation has more than doubled in just five months, fuelled by rapid enterprise growth. The company now works with eight of the Fortune 10 and boasts more than 500 customers spending over $1 million annually, highlighting surging demand for advanced AI tools across corporate America.
#ArtificialIntelligence #AI #Anthropic #TechNews #VentureCapital #BigTech #Innovation #Startups
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