Mark Cuban and Max Keiser, prominent cryptocurrency advocates, have sharply criticized former President Donald Trump’s cryptocurrency venture, ‘World Liberty Financial (WLFI).’ They expressed concerns about the project’s potential to damage the credibility of the cryptocurrency industry and described the token sale as a ‘pump scheme.’
Bahrain is poised to invest $10 billion in a new greenfield airport, located on a reclaimed island, to meet growing demand and secure its position as a key aviation hub in the Middle East. This ambitious project aims to expand air connectivity to 100 global destinations and contribute to the nation’s Vision 2030 economic diversification goals.
Qatar Airways has secured the top spot as the most followed airline on social media, boasting an impressive 47 million followers across platforms like Facebook, YouTube, and TikTok. The airline’s commitment to innovative strategies and a focus on employee well-being has propelled its social media presence to new heights.
A 2013 video resurfaced, highlighting a former Arianespace executive’s dismissal of SpaceX as a ‘dream seller.’ This video serves as a stark reminder of how established players can underestimate disruptive innovators. SpaceX, once doubted, has since grown to become a dominant force in the space industry, surpassing its critics with its rapid advancements and ambitious goals.
The Vogue Singapore Innovation Prize 2024, in partnership with BMW, has culminated in selecting two finalists for the grand prize. Off/Script, a community-led product creation platform, and PAKT, a circular wardrobe service, are vying for the SGD$20,000 cash prize and a host of other benefits. Both companies champion sustainable practices and are poised to revolutionize their respective industries.
Cryptocurrencies inspired by Elon Musk’s SpaceX and its Starship rocket experienced a surge following the space transportation company’s historic test flight. While these coins are not affiliated with SpaceX, they rode the wave of excitement surrounding the event. The rise in their value highlights the potential for cryptocurrencies to be influenced by real-world events and popular brands.
The US Department of Justice is defending the nationwide ban on cannabis, arguing that Congress has the authority to regulate marijuana under the Commerce Clause, despite its legalization in many states. This legal battle, which could potentially overturn the federal prohibition, is being spearheaded by Massachusetts-based retailer Canna Provisions Inc. and supported by companies like Verano Holdings. The case hinges on the Supreme Court’s 2005 decision in Gonzales v. Raich, which upheld federal prohibition. The plaintiffs, led by renowned attorney David Boies, contend that the widespread legalization of cannabis across states and changing federal enforcement policies necessitate a reexamination of the federal ban. This legal battle occurs concurrently with the Biden administration’s review of cannabis rescheduling, which is one of three potential paths toward federal legalization.
Anthony Scaramucci, CEO of SkyBridge Capital, has lauded former President Donald Trump for his influence on the cryptocurrency landscape. Scaramucci believes that Trump’s vocal support for cryptocurrencies has forced Democrats to reconsider their stance on the issue, potentially leading to a more favorable environment for the industry.
Apple is reportedly gearing up to take on Meta in the burgeoning mixed-reality and smart glasses market. The tech giant is developing a more affordable version of its Vision Pro headset, set to launch next year, along with a second-generation Vision Pro and even smart glasses to compete with Meta’s Ray-Bans. This aggressive move comes as Apple faces criticisms about its current VR offering, which has been deemed expensive, heavy, and prone to overheating.
Leading cryptocurrencies like Bitcoin and Ethereum experienced a dip on Sunday, driven by concerns over persistent inflation and the looming possibility of the U.S. government liquidating its Bitcoin holdings. The market witnessed a drop in overall value, with Bitcoin falling below $63,000 and Ethereum struggling to break through $2,500. Concerns about the government’s potential liquidation stemmed from the Supreme Court’s decision to decline a case challenging its ownership of Bitcoin seized from the Silk Road marketplace, paving the way for the sale of up to 69,370 BTC.
