News
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.
Want to find out more about Crypto? Hear the latest from our resident experts on Ticker Crypto
News
Fourth death confirmed due to Optus outage issues
Fourth death confirmed following Optus outage that blocked Triple Zero calls for 13 hours during network upgrade
Fourth death confirmed following Optus outage that blocked Triple Zero calls for 13 hours during network upgrade
– A fourth death is confirmed due to an Optus network failure affecting emergency calls for 13 hours.
– Optus CEO announced an investigation after communication failures and criticism from politicians and emergency services.
He stated that approximately 600 calls to emergency services were disrupted, impacting residents across South Australia, Western Australia, and the Northern Territory.
Rue confirmed that the outage stemmed from a problematic firewall upgrade and revealed details of communication failures within the company. Politicians and emergency services expressed anger at the lack of timely information during the crisis.
System Failure
South Australian Premier Peter Malinauskas criticised Optus for their incompetence in handling the situation.
The federal communications minister also condemned the company, highlighting that such failures are unacceptable.
The incident follows a previous outage for which Optus was fined $12 million, raising serious concerns about their emergency service handling.
News
Israel launches its new “Iron Beam” laser system
Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.
Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.
Israel’s Defence Ministry says its new “Iron Beam” laser system will be deployed by year’s end. The technology is designed to destroy incoming missiles, rockets, drones and mortars with precision.
Developed by Rafael Advanced Defense Systems in partnership with Elbit Systems, Iron Beam will sit alongside existing defences such as Iron Dome, David’s Sling and Arrow. Unlike traditional interceptors which can cost tens of thousands of dollars per shot, the laser comes at negligible expense.
Officials call it the world’s first high-power laser interception system to achieve operational maturity, hailing it as a game-changer for modern warfare. Military leaders expect the system to reshape air defence capabilities and cut costs dramatically.
#Israel #Defence #LaserWeapons #TickerNews
News
Stephen Colbert’s opening monologue on Jimmy Kimmel
Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.
Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.
Stephen Colbert’s opening monologue is being hailed as one of the most powerful moments in modern late-night history. Standing on stage at the Ed Sullivan Theatre, Colbert dedicated his show to Jimmy Kimmel and his team after ABC suspended Kimmel’s programme under pressure from Washington.
Colbert called the move “blatant censorship” and directly accused President Trump of acting like an autocrat. “With an autocrat, you cannot give an inch,” he warned, making clear that the stakes reach far beyond late-night comedy.
#StephenColbert #JimmyKimmel #FreeSpeech #TickerNews
-
Shows3 days agoInspiring transformation: from prison to boardroom success
-
News5 days ago
Vance vows crackdown after Kirk murder
-
News5 days ago
Charlie Kirk’s legacy reshaping US conservatism
-
Tech5 days ago
Musk’s $1B Tesla stock buy amid trillion pay proposal
-
Tech5 days ago
U.S. and China reach TikTok deal framework agreement
-
Money5 days ago
RBA plans to ban credit card surcharges in Australia
-
News3 days ago
Disney cancels Jimmy Kimmel’s show after controversy
-
News2 days ago
Mark Zuckerberg has unveiled Meta’s first so-called AI glasses
