Author: Charlotte

The Johannesburg high court, in a landmark judgment, has ruled that cryptocurrency constitutes both “money” and “capital” under South Africa’s Exchange Control Regulations. The case arose after the South African Reserve Bank (SARB) ordered the forfeiture of roughly R6m in cash and Bitcoin belonging to Square Mangundhla and Fungai Dangaiso. Between 2018 and 2020, Mangundhla used his and Dangaiso’s accounts on the Luno cryptocurrency trading platform to move about 1,680 Bitcoins, valued at about R182m, from South Africa to digital wallets hosted on foreign cryptocurrency exchanges without Treasury permission. The Reserve Bank took the view that this conduct amounted to…

Bitnob today announced the next evolution of its infrastructure platform with the launch of Bitnob Enterprise, a new non-custodial infrastructure stack, alongside the next generation of Bitnob Business, its managed platform for businesses building with modern financial rails. The announcement marks a significant milestone in Bitnob’s journey from a single infrastructure platform into a broader ecosystem designed to support the diverse ways businesses, developers, fintechs, and financial institutions build and move money globally. Launched as a consumer Bitcoin app in 2021, Bitnob has spent the last three years quietly building infrastructure offering wallets-as-a-service, payments, card programs, collections, payouts, and stablecoin…

Alternative asset manager Blackstone (BX.N) has successfully closed its Asia private equity fund, Blackstone Capital Partners Asia III, at a formidable $13.1 billion. This achievement not only surpassed its initial $10 billion target but also marks the firm’s largest fundraise in the region to date, more than doubling its previous vehicle. Blackstone is an alternative asset manager that raises funds from investors and deploys capital across diverse asset classes. The significant fundraising reflects robust investor interest in Asia, even amidst global volatility, including events such as the Iran crisis. This follows Swedish firm EQT AB raising $15.6 billion recently for…

By Caroline Simson ( June 2, 2026, 9:01 PM EDT) — Silver Bull Resources Inc. has lost its $375 million claim against Mexico over the country’s alleged failure to remove a “blockade” at a silver and zinc mine in the north of the country, the Canadian mining company said Monday…. Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription…

The House of Lords has told the Bank of England and the FCA to keep to their timetable on stablecoin regulation, arguing that further delay will hand the digital payments race to Washington and Brussels, and shut British SMEs out of a fast-moving market. Britain’s stablecoin moment has, in the view of peers, finally arrived, and the regulators must not fluff it. In a report published this week under the unsentimental title Stablecoins: waiting for regulation, the cross-party House of Lords Financial Services Regulation Committee has urged the Bank of England, the Financial Conduct Authority and HM Treasury to stick…

August 5th marked another grim day for Imran Khan, the former Prime Minister of Pakistan and one of the world’s greatest cricketers. It was the second anniversary of his incarceration in Rawalpindi’s Adiala jail on trumped-up charges. Thanks to General Asim Munir, the Army’s Chief of Staff, Khan has been held in solitary confinement in a six-by-eight “death cell” for two years. Anyone less that “Captain Pakistan,” as Khan is known, would have met the Grim Reaper long ago. The last time I spoke to Khan was on April 2, 2023. We spoke for an hour-and-a-half via Zoom. I was…

An Ontario court has rejected an energy company’s claim against a defunct hedge fund firm, Traynor Ridge Capital Inc. — which was cease traded back in 2023, after the firm’s head suddenly died — ruling that shareholders don’t owe any duty to the issuers of the stocks they trade. In October 2023, Traynor Ridge and its funds were cease traded by the Ontario Securities Commission (OSC) after the operator and sole officer of Traynor Ridge, Chris Callahan, passed away, leaving no one in charge of the firm — which was then also placed into receivership under Ernst & Young Inc.…

What Happened? Shares of semiconductor company Semtech (NASDAQ:SMTC) jumped 10.8% in the afternoon session after it caught a powerful tailwind from HPE’s blockbuster Q2 results. This is the same demand environment SMCI directly operates in. Also, product announcements at Computex 2026 in Taipei reinforced SMCI’s AI server roadmap. At Computex, SMCI announced it is one of the first partners to bring AMD’s 72-GPU Helios rack-scale system to market, and simultaneously launched a new Arm AGI CPU rack-scale lineup targeting enterprise agentic AI workloads. Arm estimates deployments using its AGI CPU in Supermicro solutions can save enterprises up to $10 billion…

SpaceX is coming to your retirement account. Not everyone is thrilled. NBC News Source link

Selecting the players, games and kits from Old Gold history he deems to be the most underrated is the Express and Star’s Wolves correspondent, Liam Keen. Goalkeeper | John Ruddy After John Ruddy’s first season at Wolves, no one would have described him as underrated, but the remaining four years of his time at the club he found himself on the bench. He was a strong leader, good goalkeeper and deserves appreciation for his contribution. Defender | Toti Going with a current player, it has to be Toti Gomes. His rise up the ranks at Wolves after returning from a…