countries – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 04 Sep 2025 04:37:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 countries – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitcoin averages 4.67/10 trust score across 25 countries in Cornell survey https://earlybirdsinvest.com/bitcoin-averages-4-67-10-trust-score-across-25-countries-in-cornell-survey/ https://earlybirdsinvest.com/bitcoin-averages-4-67-10-trust-score-across-25-countries-in-cornell-survey/#respond Thu, 04 Sep 2025 04:37:22 +0000 https://earlybirdsinvest.com/bitcoin-averages-4-67-10-trust-score-across-25-countries-in-cornell-survey/

Bitcoin (BTC) scored an average trust rating of 4.67 on a 10-point scale across 25 countries, according to a survey released by Cornell Bitcoin Club on Sept. 3.

The survey reveals significant regional variations in perceptions of cryptocurrency. Nigeria led global Bitcoin trust levels, while Japan recorded the lowest scores among surveyed nations.

BTC consistently ranked below traditional assets, including gold, real estate, and major fiat currencies in risk perception comparisons.

Government trust patterns

Ten countries reported higher trust in Bitcoin than their national governments: Brazil, Indonesia, Kenya, Lebanon, Nigeria, the Philippines, South Africa, Turkey, Ukraine, and Venezuela. These regions represent emerging markets or nations experiencing political instability.

The UAE, China, and Saudi Arabia demonstrated high levels of government trust, which significantly exceeded Bitcoin confidence ratings. The pattern suggests Bitcoin attracts interest where institutional trust has eroded, positioning crypto as an alternative to centralized authority.

Survey participants consistently rated Bitcoin as riskier than traditional investment options across all categories. However, 45% of respondents considered Bitcoin equally risky compared to stocks, while 43% viewed it as equivalent to corporate bonds, indicating some alignment with established volatile asset classes.

Questions about Bitcoin’s fraud reduction capabilities, privacy protection, and service provider trustworthiness produced predominantly neutral responses rather than clear endorsement or rejection.

The pattern suggests widespread uncertainty about Bitcoin’s practical benefits rather than informed skepticism.

Financial stress correlation

Countries reporting higher financial stress levels, measured by responses to “my finances control my life,” generally showed increased Bitcoin ownership and trust.

Turkey, India, Kenya, and South Africa recorded the highest financial stress indicators alongside elevated Bitcoin adoption rates.

El Salvador, Switzerland, China, and Italy reported the lowest financial stress levels, correlating with reduced Bitcoin interest. Mexico, Italy, and Japan ranked lowest in both financial stress and cryptocurrency adoption metrics.

While correlation does not establish causation, the data suggest Bitcoin may appeal as an alternative financial system in regions experiencing acute economic pressure.

The Cornell study indicates Bitcoin’s global position reflects local economic contexts and institutional trust levels rather than uniform acceptance or rejection patterns.

Uncertainty rather than outright dismissal characterizes the views of most respondents on cryptocurrency capabilities.

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Interpol arrests 1,200 people, seizes over $100M in crypto busts across multiple African countries https://earlybirdsinvest.com/interpol-arrests-1200-people-seizes-over-100m-in-crypto-busts-across-multiple-african-countries/ https://earlybirdsinvest.com/interpol-arrests-1200-people-seizes-over-100m-in-crypto-busts-across-multiple-african-countries/#respond Sat, 23 Aug 2025 00:25:02 +0000 https://earlybirdsinvest.com/interpol-arrests-1200-people-seizes-over-100m-in-crypto-busts-across-multiple-african-countries/

Authorities across Africa arrested more than 1,200 suspects and seized nearly $100 million in a sweeping cybercrime operation that dismantled online fraud networks and illegal crypto mining operations, INTERPOL announced on Aug. 22.

The three-month crackdown, known as Operation Serengeti 2.0, targeted nearly 88,000 victims across 18 African nations in collaboration with the UK.

Investigators uncovered 11,432 malicious infrastructures tied to ransomware, business email compromise schemes, and online investment fraud.

Major seizures and arrests

In Angola, police shut down 25 crypto mining centers operated by 60 Chinese nationals who were illegally validating blockchain transactions. Authorities also confiscated 45 illicit power stations used to fuel the operation, as well as mining and IT equipment valued at more than $37 million.

Officials said the seized power assets will be redirected to bolster the electricity supply in vulnerable areas.

Meanwhile, Zambian authorities dismantled one of the region’s largest online investment fraud schemes, where scammers persuaded more than 65,000 people to invest in crypto platforms with promises of high returns.

Losses were estimated at $300 million. Police arrested 15 suspects, seized forged documents, and shut down bank accounts tied to the scheme.

In a separate raid, officers and immigration officials disrupted a human trafficking ring and confiscated 372 counterfeit passports.

Meanwhile, in Côte d’Ivoire, investigators dismantled a transnational inheritance scam traced back to Germany. Victims were tricked into paying upfront fees to claim fabricated estates. Authorities arrested the lead suspect and seized cash, electronics, vehicles and jewelry, estimating losses at $1.6 million.

Training, prevention and international support

The crackdown followed months of intelligence sharing between INTERPOL and private-sector partners, who provided data on suspicious domains, IP addresses, and command-and-control servers.

Ahead of the operation, officers underwent training workshops on crypto tracking, open-source intelligence, and ransomware analysis. INTERPOL officials said the operation reflects a growing global push to tackle cybercrime through coordinated enforcement and prevention.

A new partnership with the International Cyber Offender Prevention Network, involving 36 countries, aims to identify threats before they escalate into criminal activity.

Funded by the UK’s Foreign, Commonwealth, and Development Office, the effort brought together operational partners including Group-IB, Kaspersky, Trend Micro, TRM Labs, and Fortinet.

Authorities said more investigations are underway, particularly into the international financial and criminal networks behind the fraud schemes.

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Kraken currently lives in all 30 EEA countries under MICA https://earlybirdsinvest.com/kraken-currently-lives-in-all-30-eea-countries-under-mica/ https://earlybirdsinvest.com/kraken-currently-lives-in-all-30-eea-countries-under-mica/#respond Wed, 13 Aug 2025 04:34:11 +0000 https://earlybirdsinvest.com/kraken-currently-lives-in-all-30-eea-countries-under-mica/

Kraken currently lives in all 30 European Economic Area (EEA) countries under the Crypto-Assets Regulation (MICA) licensed market. This is an important milestone that provides secure and compliant cryptography to millions of people in Europe.

Today, all EEA clients are directly serviced by Kraken’s MICA-regulated entities approved by the Central Bank of Ireland. This GoLive represents the full activation of MICA licenses, allowing services to be provided throughout the region under a single, unified regulatory framework.

MICA has implemented consistent standards throughout the EU for consumer protection, operational transparency and regulatory oversight. We provide Kraken clients with an additional assurance that the platform they trust operates in accordance with one of the world’s most robust cryptographic regulations.

This is what it means for Kraken clients across the EEA.

✅ Regulatory Service Passport across all 30 EEA countries
🔓 Access to over 450 digital assetsthere is a continuous expansion
💡 Fast and easy onboarding Local financial support
📈 Facility-grade trading servicesIncludes OTC
🛡🛡 EU-wide protection under MICA For greater transparency and security

This expansion is based on Kraken’s broader regulatory foundation in Europe. While MIFID licenses allow you to provide regulated derivatives to senior traders across the EU market, EMI licenses support FIAT-related services and payments across the region.

Together, these licenses allow Kraken to provide a fully regulated experience with consistency and confidence throughout the EU.

We are excited to serve European clients under MICA and continue to build the safest, innovative and reliable platform in the industry.

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Solana begins shipping Seeker mobile device in over 50 countries https://earlybirdsinvest.com/solana-begins-shipping-seeker-mobile-device-in-over-50-countries/ https://earlybirdsinvest.com/solana-begins-shipping-seeker-mobile-device-in-over-50-countries/#respond Mon, 04 Aug 2025 22:51:48 +0000 https://earlybirdsinvest.com/solana-begins-shipping-seeker-mobile-device-in-over-50-countries/

Solana Mobile has started shipping the second generation of its mobile device on Monday, supplying users in over 50 countries.

The Seeker phone, which has amassed over 150,000 pre-orders, will feature upgraded technology, a mobile-native crypto wallet and a decentralized application store that bypasses “cryptophobic censorship” seen in app stores today.

Solana Mobile general manager Emmett Hollyer told Cointelegraph that the Seeker comes with hardware improvements across the board compared to the first-generation Saga. “But what really sets Seeker apart is its onchain features.”

One of the device’s onchain features is the seed vault, according to Hollyer. “The Seed Vault provides hardware-level security that keeps private keys, seed phrases and secrets completely separated from the application layer,” while permitting interaction with apps.

Solana Mobile is targeting both developers and crypto enthusiasts with its new device. Developers will have an alternative app marketplace that eliminates the heavy fees charged by Google and Apple app stores. Crypto enthusiasts are expected to find improvements in mobile experience, whether trading NFTs, playing games or using DeFi applications.

The device, which has been sold at two prices, $450 and $500, is forecast to generate at least $67.5 million in gross revenue for Solana Mobile, a subsidiary of blockchain technology company Solana Labs.

The Solana first-generation mobile device, Saga, sold 20,000 units, and sales lagged for months until memecoins stored on the phone made buying profitable.

Related: Solana smartphone Saga triggers mixed reactions from crypto community

TEEPIN architecture for decentralization and security

With Seeker, Solana Mobile will try to decentralize the economy and incentives on the device. The mechanism for this is a technology called TEEPIN, or the “Trusted Execution Environment Platform Infrastructure Network.”

TEEPIN is a three-layer architecture that decentralizes different aspects of the device, from device access to app distribution. It links hardware, verified software, users and network Guardians to create a decentralized mobile platform.

Traditional mobile devices take a hybrid approach, incorporating some aspects of centralization, such as within app stores or security. Decentralization is a key principle in Web3.

In addition, TEEPIN architecture affords Seeker an extra security feature, according to Hollyer. It “provides security through cryptographic attestation. The device can prove to the network that it’s running legitimate software.”

Related: Solana hoses down ‘inaccurate’ CertiK report on Saga phone security flaws

Apple softens app-store rules

Apple, the technology giant with a market capitalization of $3 trillion, had been at the center of an antitrust controversy where it allegedly impeded developers’ ability to communicate with users and levied commissions on off-app purchases.

The court ruling was reportedly a win for crypto app developers, who, after the ruling, could link to an NFT collection or external payment system without needing to pay an entitlement. The court case was fought between Epic Games and Apple.

Crypto apps have been at the center of rulings from governing bodies worldwide. These centralized app stores can block certain apps depending on rulings, such as when Google Play blocked access to 17 unregistered exchanges in South Korea.

Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plunge

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Why are countries like Spain and South Korea increasing their foreign aid budgets? https://earlybirdsinvest.com/why-are-countries-like-spain-and-south-korea-increasing-their-foreign-aid-budgets/ https://earlybirdsinvest.com/why-are-countries-like-spain-and-south-korea-increasing-their-foreign-aid-budgets/#respond Sun, 03 Aug 2025 11:12:14 +0000 https://earlybirdsinvest.com/why-are-countries-like-spain-and-south-korea-increasing-their-foreign-aid-budgets/

If the world has had enough of helping others, then somebody forgot to tell Spain.

Yes, Spain. The same country that, a little more than a decade ago, desperately accepted billions in bailout money from its European neighbors to keep its economy afloat. That Spain is now doing something almost unthinkable. It’s ramping up aid spending just as the United States notoriously retreats. And in the process, Spain is trying to remind the world why we give back in the first place.

The US Agency for International Development (USAID) — the world’s largest humanitarian aid donor by far, whose work in recent years saved upward of a million lives per year — was officially dismantled earlier this month. Its scattered remains were subsumed by the State Department and its empty headquarters given to the FBI. But America isn’t the only one putting itself first these days. The UK, France, Belgium, and Germany all slashed their development budgets this year thanks to a wave of right-wing populism painting foreign aid as an unnecessary expense against the national interest.

The crisis is steep. The pot of money going to global development is set to shrink by 17 percent, or $35 billion, in 2025, on top of a $21 billion drop the year before, according to the Organization for Economic Cooperation and Development. That’s a $56 billion funding vacuum where global aid for mosquito nets, vaccine research, and food assistance used to be. And the declines are likely to become even steeper in the years ahead, as cuts in the US take full effect.

But while President Donald Trump was gutting USAID, Spain made moves to rebuild its aid agency and committed to more than doubling its aid budget by 2030. Nor is it alone: Ireland, South Korea, and Italy also all made recent pledges to boost their foreign aid budgets.

It’s far from enough to fill the foreign aid gap, however. And while the pain will fall primarily on impoverished recipient countries, foreign aid doesn’t just help the countries that receive it. It helps everyone.

Diseases and conflict don’t recognize legal borders and aid helps keep these deadly problems at bay. Every $100 million spent on preventing tuberculosis, HIV, and malaria helps prevent about 2.2 million new infections total. And global cuts are already expected to exacerbate the spread of diseases; former USAID officials anticipate cuts from the US alone could cause 28,000 new cases of infectious diseases like Ebola and Marburg each year. “Even if you’re in this isolationist mindset, you can’t actually isolate yourself from the rest of the world,” said Rachael Calleja, a research fellow at the Center for Global Development.

The fact that some countries have managed to fight the impulse to isolate — convincing their citizens that problems abroad are interconnected with our problems at home — could help reshape the future of aid for the better. Their decisions point to the possibility of a new future for foreign aid that could be more collaborative and less paternalistic than before.

Aid has long been dominated by a small club of wealthy nations — chief among them the United States, Germany, and the United Kingdom — that give the most, and in doing so, set the tone for how to help the rest of the world. Too often these well-intentioned solutions perpetuated the same exploitative power dynamics that made poor countries poor and one-time colonial powers like Spain and Italy rich in the first place. Western aid often comes with strings attached, like forcing Mali to privatize its cotton industry or requiring that funds be spent on consultants and supplies from the donor country — even though such policies have been shown to make aid less effective and much more expensive.

Ready or not, the old club’s grip on global influence is now breaking down.

”Nobody who works in development sat around saying, ‘The system is great. We’re awesome. Let’s just spend more money to do more of the same,’” said Dean Karlan, who was, until recently, the chief economist at USAID. “There is a blank slate. Let’s put in place a better system.”

Why are some countries bucking the trend?

Spain, Ireland, Italy, and South Korea are all increasing aid — but most have a lot of room for growth.

The United Nations set a lofty goal in the 1970s for wealthy countries to give away 0.7 percent of their gross national income (GNI) as development assistance. Half a century later, almost none do.

That includes this year’s overachievers. Ireland spent 0.57 percent of its GNI — $2.47 billion — on development aid last year. Spain spent 0.25 percent or $4.35 billion, and Italy, 0.28 percent or $6.67 billion. South Korea spent 0.21 percent or $3.94 billion.

It’s not a lot, especially compared to the $63.3 billion the US spent in 2024, although that only added up to 0.22 percent of its GNI. But these countries are moving forward at a time when everyone else seems to be moving backward. According to the global development consultancy SEEK Development’s donor tracker, the US is now projected to spend just 0.13 percent of its GNI on overseas aid this year.

There is a growing recognition that someone has to fill the gaps left by the US, but everybody balks at the price tag, Arturo Angulo Urarte, a Madrid-based development expert, said in Spanish. “It’s like, ‘Yes, but gosh, and how much does that mean? Oh, it means money? Well, then no.’”

Spain’s aid increase, however, has been a long time coming. Spanish activists launched a kind of Occupy Wall Street in favor of overseas aid back in the 1990s. A group of global development workers and grassroots activists staged hunger strikes and protest encampments, chaining themselves to government buildings to demand that Spain give at least 0.7 percent of its GNI to aid. At the time, Spain was giving around 0.24 percent of its GNI to aid, but the protests helped propel the country to double its commitment to a high of nearly 0.5 percent in 2008.

Then the 2008 economic turmoil left Spain once again with a wisp of an foreign aid budget. By the time its economy crawled closer to pre-crisis levels in 2015, its development spending had cratered to 0.12 percent of GNI.

But the idea of Spain becoming a bigger player in global development never really left the public consciousness, remaining broadly popular even during the country’s worst financial straits. In 2023 the country passed a law promising to rebuild its aid agency and bump up spending to 0.7 percent of GNI by 2030 — effectively tripling its current rate.

Spain has since increased its aid budget to about 0.25 percent of its GNI, or $4.4 billion last year — roughly $490 million more than it spent the year prior at 0.24 percent of its GNI — and says it will continue to give more in the year ahead. That’s more money for climate resilience projects in Morocco and Algeria, LGBTQ rights in Paraguay, and HPV vaccine campaigns across Latin America and the Caribbean.

A mother living with HIV since 2017 visits Kuoyo Sub-county Hospital with her child to collect their medications, on April 24, 2025 in Kisumu, Kenya.

A mother living with HIV since 2017 visits Kuoyo Sub-county Hospital with her child to collect their medications, on April 24, 2025 in Kisumu, Kenya.
Michel Lunanga/Getty Images

The dismantling of USAID has destroyed longstanding and hard-won infrastructure for implementing aid programs, especially in critical areas like HIV prevention. There’s little that anyone can do to bring that infrastructure back, but countries like Spain, Ireland, or South Korea have been able to uplift and increase funding to the initiatives most affected by the cuts, like Gavi, the international vaccine alliance, and the Global Fund to Fight AIDS, Tuberculosis and Malaria.

Ireland also aims to increase its aid spending to 0.7 percent of GNI by 2030. It inched closer to that goal this year by boosting its development budget by about $40 million to $925 million. “We wouldn’t expect Ireland to be able to fill the USAID gap in any shape or form,” Jane-Ann McKenna, who heads Dóchas, an umbrella group for Irish development organizations, said. “But that’s where our positioning and our voice becomes more important.”

That said, foreign aid has always been about more than just charity. It’s a geopolitical tool that countries have used for decades to win friends and influence people.

It’s no coincidence that, according to a 2006 study, US aid increased about 59 percent to nations when they temporarily joined the UN Security Council. The birth of PEPFAR — the HIV/AIDS program that saves around a million lives per year, which makes it perhaps America’s most effective ever form of foreign aid — helped boost public opinion of the US across sub-Saharan Africa. Much of Italy’s recent aid budget has gone to its $6 billion Mattei Plan in Africa, which aims to collaboratively influence the continent’s energy development and migration flows, but which some critics contend recreates old colonial patterns by relying too heavily on European priorities — not local expertise — to decide where the money ought to go and how its vision should take shape.

But if you take countries like Ireland and Spain at their word, their approach to foreign aid is not just about soft power anymore. These countries also have something in common that can differentiate them from other larger donors: recent histories of underdevelopment. Some of the newcomers might have been aid recipients rather than donors just a few decades ago.

South Korea received billions in foreign aid in the decades after the Korean War, which helped it grow to the point where it became the first former recipient to join OECD’s forum for major aid providers in 2010. Spain’s wealthier neighbors offered the country major financial support when it began integrating with Europe in the 1980s in the aftermath of the Franco dictatorship.

That dynamic can make it easier, Calleja says, to empathize with others who need aid today. (Though let’s not forget that Spain once colonized much of Latin America and the Caribbean — places that now receive the bulk of Spanish foreign aid — and therefore laid the groundwork for many patterns of exploitation and inequality there that its aid now seeks to resolve.)

Ireland was never a colonizer, but was once colonized itself by Britain. That legacy, McKenna said, means that many Irish people are passionate about human rights abroad and highly supportive of overseas aid.

“We have the history of the famine and we’ve had conflict on the island and we’ve had to engage in a whole peace process ourselves,” McKenna explained. “That’s there in the background of all of our psyches.”

As these smaller players like to say, it’s about “solidarity.” Spain’s own development agency’s four-year plan mentions the word solidarity 84 times. It explicitly calls for a move away from the old model, where wealthy nations dictated terms to grateful recipients, and toward a more equitable and collaborative model built on shared priorities and mutual respect.

Of course, not everybody is buying it.

Henry Morales is an economist and director of the Movimiento Tzuk Kim-Pop, a Guatemalan human rights group. He let out a little laugh when I asked him about Spain’s solidarity plan. After all, he’s seen foreign funders renege on their promises before.

He’s seen European powers pledge numerous times to do more to promote climate resilience in low-income countries before watching them give up when the politics become too difficult. Spain’s plan for development stresses that it aims to approach its funding priorities — like combating climate change and promoting gender equality — from a place of consistency and genuine partnership, the kind that can’t be abandoned on a whim when a new government takes power.

Whether Spain’s plan represents a form of global reparations or just colonialism with better PR remains to be seen, he said, but regardless, the old top-down model is clearly cracking.

Countries who receive aid now want “a voice and a vote, so that the decisions are no longer made by a private club of the big donors, the big traditional financiers,” he said. “But by debates and global agreements that are much more transparent and much more democratic.”

Fifty countries in the Global South now have their own agencies to exchange ideas, technical advice, and reciprocal funds for solving poverty, fighting climate change, and improving education.

Ensuring that recipients have a big say in how aid gets around is not only good for building a better, more democratic system — it can also make it much more efficient. According to Vox’s previous reporting in 2022, aid programs tend to work better when people from the countries they’re targeting play a big role in directing how and where the money’s used. Morales thinks that kind of collaboration is the real future of aid, which he prefers to see not as charity but as “simply the fair distribution of wealth.”

He’s not the only one who thinks so. The director-general of the World Trade Organization, Ngozi Okonjo-Iweala, called foreign aid “a thing of the past” at a meeting with African leaders in February.

For his part, Karlan, the former USAID economist, doesn’t think USAID will ever come back as the acronym or institution it once was, and although that’s mostly a very bad thing, he sees a flicker of opportunity.

Still, he isn’t sure if he believes that a real change to the aid paradigm is afoot. “Solidarity strikes me as a little bit of a softer way of saying soft power,” he mused, even if countries like Spain or Ireland aren’t necessarily “looking for flyover rights for the military.”

What he is sure of is that the US is moving in a very different direction. If Spain’s soft power is softening, then the United States’ is calcifying into something more toxic, more transactional, and — as Karlan likes to add — less efficient than before.

“Imagine a marriage in which you never did something considerate for your partner just because you cared about them,” he said. Instead, everything is a negotiation. “That isn’t a healthy relationship. What we’re risking is losing these long-term relationships, those long-term friendships.”

By the time the US is ready to reopen the door on them, it may find a world that has already moved on.

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FTX Faces Pushback Over Crypto Payout Ban in 49 Countries https://earlybirdsinvest.com/ftx-faces-pushback-over-crypto-payout-ban-in-49-countries/ https://earlybirdsinvest.com/ftx-faces-pushback-over-crypto-payout-ban-in-49-countries/#respond Sun, 13 Jul 2025 17:11:27 +0000 https://earlybirdsinvest.com/ftx-faces-pushback-over-crypto-payout-ban-in-49-countries/

A Chinese national has objected to a recent request by the FTX estate that would halt payments to people in countries with rules that limit or ban cryptocurrency use.

Weiwei Ji lives in Singapore but was grouped as a Chinese creditor because of their passport.

According to a July 8 filing, Ji stated that the objection was submitted on both personal grounds and for over 300 other Chinese claimants who may be affected.

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The complaint stated that FTX is making repayments in US dollars. It also claimed that Chinese laws do not ban owning or receiving crypto. In China, digital assets are considered a form of personal property.

Ji noted that their family holds four verified accounts with claims worth over $15 million. The filing stated that they followed all the rules under the repayment plan. Ji noted that the FTX estate’s proposal would block access to funds without proper cause.

The FTX estate had filed its motion on July 2. It asked the court for permission to stop payouts to people in 49 countries where crypto laws are unclear or restrictive.

The estate warned that sending payments to these regions might result in fines, legal issues for its staff, or even criminal charges. These risks, the estate said, could come from violating local laws.

According to the filing, about 5% of the total value of approved claims comes from residents of these regions. The list includes China, Russia, Egypt, Ukraine, Afghanistan, Zimbabwe, Tunisia, and Moldova.

Meanwhile, Shaquille O’Neal agreed to a $1.8 million settlement over claims he promoted FTX to users. How will the money be used? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea https://earlybirdsinvest.com/stablecoin-issuers-182-billion-us-treasury-hoard-ranks-17th-among-countries-beating-uae-and-south-korea/ https://earlybirdsinvest.com/stablecoin-issuers-182-billion-us-treasury-hoard-ranks-17th-among-countries-beating-uae-and-south-korea/#respond Wed, 09 Jul 2025 05:08:05 +0000 https://earlybirdsinvest.com/stablecoin-issuers-182-billion-us-treasury-hoard-ranks-17th-among-countries-beating-uae-and-south-korea/

Four US-dollar stablecoin issuers hold roughly $182 billion in US Treasury bills, an amount that would slot them 17th on the Treasury Department’s country-by-country league table.

The amount in overnight Treasury-collateralized repos and Treasury-heavy money market funds would put the group between Norway’s $195.9 billion and Saudi Arabia’s $133.8 billion.

Tether’s USDT tops the cohort. Its first-quarter attestation showed $120 billion in Treasuries, while CEO Paolo Ardoino told CNBC in late May that the firm held “more than $125 billion” and continues to expand.

Circle’s May accountant’s report listed $28.7 billion in T-bills and $26.5 billion in overnight repos, for a combined $55.2 billion backing USDC.

First Digital’s May 31 dashboard showed $1.665 billion in FDUSD reserves, 78% of which is held in Treasury bills, amounting to roughly $1.3 billion.

Paxos’ PayPal USD (PYUSD) uses overnight reverse-repo agreements collateralized 97% by Treasuries. It has $878 million outstanding, which implies roughly $880 million in government debt.

According to US Treasury data from April, those positions reach $182.4 billion, enough to leapfrog South Korea and the United Arab Emirates and fall just shy of Norway.

Treasury paper dominates reserves

Issuers buy short-dated government debt because it settles T-plus-zero at clearing banks, offers daily liquidity, and earns yields now above 5%. 

Tether’s latest assurance showed that Treasuries, repos, and Treasury-only money-market funds represented more than 80% of its collateral, helping drive $1 billion in first-quarter profit.

Circle uses BlackRock’s SEC-registered Circle Reserve Fund to hold its bills and repos, enabling same-day liquidation if redemptions spike.

Ardoino said that issuing stablecoins “creates incremental demand for US debt without relying on the banking system,” citing Tether’s ranking above that of Germany, the UAE, and Spain.

Circle and Paxos have made similar arguments in policy filings, noting that narrowly distributed, highly liquid collateral protects holders during market stress.

Regulatory backdrop

Lawmakers in Washington and Brussels are considering bills that would restrict reserve assets to cash and short-term Treasury securities, maintaining the current composition but limiting diversification into gold or corporate bonds. 

The GENIUS Act, which cleared the Senate in June, would formalize those limits. At the same time, Europe’s Markets in Crypto-Assets (MiCA) regime already bars commodities for euro-pegged coins. 

Stablecoin treasurers say the proposed rules align with their investment profile, though they warn that concentration in one asset class links stablecoin liquidity to Federal Reserve funding conditions.

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Digital assets make a difference in war-torn countries — here’s the benefit to consumers and businesses https://earlybirdsinvest.com/digital-assets-make-a-difference-in-war-torn-countries-heres-the-benefit-to-consumers-and-businesses/ https://earlybirdsinvest.com/digital-assets-make-a-difference-in-war-torn-countries-heres-the-benefit-to-consumers-and-businesses/#respond Sun, 20 Apr 2025 18:29:08 +0000 https://earlybirdsinvest.com/digital-assets-make-a-difference-in-war-torn-countries-heres-the-benefit-to-consumers-and-businesses/

The following is a guest post and opinion from Sergii Malomuzh, Founder of Rewump.

War-torn nations are among the most financially marginalized regions in the world: destructive conflicts impact people’s living standards and harm local economies. With traditional banking often inaccessible, digital assets emerge as crucial legal tender in conflict zones.

Satoshi Nakamoto designed Bitcoin (BTC) to empower people with peer-to-peer (P2P) transactions free from centralized oversight. Bitcoin has inspired other digital currencies, including stablecoins, which serve as the last hope for people living in war-affected countries.

Despite the challenges in crypto adoption, ranging from regulatory concerns to user literacy, the asset class remains indispensable to distressed nations.

The Need for Crypto in Warring Nations and Backing Regulations

Banking systems might face severe disruption, depending on the nature of a conflict. Since most businesses cannot operate in active war zones, they relocate to safer regions. Those that stay charge steep premiums for their services, passing the cost burden to civilians.

This shift is poised to affect both living standards and business viability. As a result, users increasingly turn to Bitcoin, stablecoins, and altcoins to cushion the impact posed by digital transaction restrictions and cross-border settlement constraints.

Moving cash is essential for residents’ survival in distressed economies. Cryptocurrencies’ speed, low cost, and easy accessibility make them a viable alternative to traditional currencies.

These digital assets also enable users to bypass sanctions imposed by Western banking systems. The key concern is ensuring that the quality of life is not compromised and businesses can still easily transfer value.

In regions like Ukraine and Syria, governments are pushing to legitimize cryptocurrencies. Such measures may lead to greater institutional recognition of the nascent asset class, building public confidence.

In 2022, Ukraine passed the “On Virtual Assets” law, formally establishing crypto’s legal status. The legislation classifies virtual assets as property, granting individuals and businesses legal rights to own, use, and trade digital assets. Regulatory oversight falls to both the National Bank of Ukraine and the National Securities and Stock Market Commission.

Syria currently lacks formal crypto regulations; however, the government is actively drafting legislation. These measures aim to reignite the local economy and attract foreign investment.

Key Benefits of Crypto in War-Torn Regions

The adoption of cryptocurrencies in conflict zones has defined distinct advantages to individuals, businesses, and governments.

A primary benefit of using digital currencies in war-torn nations is their accessibility. These assets remain functional even when traditional banking infrastructure has collapsed.

Beyond that, stablecoins — accounting for about 70% of daily crypto transactions — serve as an inflation hedge, maintaining a 1:1 peg to the US dollar, which typically sees lower inflation than domestic currencies in conflict-affected regions.

Crypto’s lower barriers to entry — requiring only a digital wallet with minimal verification — make them particularly valuable for displaced populations in conflict areas who may lack access to conventional banking services. Businesses can execute cross-border payments without settlement concerns, drawing on the robust liquidity in crypto markets.

Today, more than $52 billion Tether (USDT) has been traded, according to CoinMarketCap. The stablecoin market has recorded over $66 billion in 24-hour trading. This implies that no matter how big a transaction is, there is good reason to believe there are enough funds to settle it.

At the national level, turning excess energy into a Bitcoin mining resource is also a major advantage of crypto during the war. Using untapped energy resources for Bitcoin mining could deliver multiple economic benefits, including monetizing excess energy, attracting foreign investment, creating jobs, and generating supplemental government revenue.

The global and decentralized nature of cryptocurrencies has proven effective for fundraising efforts. This has particularly helped Ukraine generate as much as $225 million in various digital currencies.

Digital currencies can serve as a hedge against hyperinflation. When profiled over the longer term, Bitcoin has consistently outperformed fiat currencies and traditional assets in long-term percentage gains. While the coin exhibits intense volatility, its overall trajectory has trended positively in the long run.

In Syria, annual inflation has averaged 100% over the past four years, with the national currency depreciating by 30-fold. By contrast, Bitcoin’s inflation rate stands at just 1.5%, while its value has increased by 240% during this period.

These benefits signify that digital currencies play a critical role in sustaining both individuals and national economies during geopolitical conflicts.

Are There Downsides to Crypto Adoption?

As with any innovation, there are limitations and downsides to using digital currencies in warring countries. One of the most obvious is the potential for inadvertent financing of terrorist organizations.

Western regulators particularly emphasize this vulnerability, making it a key focus of Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance frameworks.

The absence of centralized oversight also means there are challenges in transaction protection and recovering funds in case of fraud. Additionally, existing regulatory frameworks often prove inadequate, creating many gray areas that businesses may exploit against the average consumer.

At the business level, depressed economic activities may incentivize unauthorized crypto mining operations that strain national energy infrastructure.

Poor digital infrastructure and low levels of financial literacy among local populations can make adoption even harder. Nevertheless, cryptocurrencies and digital asset service providers remain the first line of contact in distressed regions.

Cryptocurrencies present more agile solutions to financial challenges compared to traditional systems. This responsiveness positions digital assets as potential drivers for economic transformation in warring countries and hyperinflationary economies.

Mentioned in this article
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March Madness 2025: Why are so many college basketball players from other countries? https://earlybirdsinvest.com/march-madness-2025-why-are-so-many-college-basketball-players-from-other-countries/ https://earlybirdsinvest.com/march-madness-2025-why-are-so-many-college-basketball-players-from-other-countries/#respond Mon, 31 Mar 2025 03:32:11 +0000 https://earlybirdsinvest.com/march-madness-2025-why-are-so-many-college-basketball-players-from-other-countries/

Vox reader Brian Diederich asks: Why and how do so many collegiate basketball teams — both men’s and women’s — now have so many international student-athletes?

If you’ve turned on March Madness this year, you’ve witnessed the most international players ever in college basketball’s signature competition.

Across both the men’s and women’s brackets, 264 athletes — 15 percent of all NCAA players in the tournaments — hailed from outside of the US. They are a cross-section of humanity, representing 45 countries in the women’s tournament and 52 in the men’s.

The number of overall international college basketball players more than doubled from 2010 to 2025. It is a trend across sports: 25,000 of all US college athletes were born in another country.

Forty years ago, US schools put little thought into recruiting players from Africa or Europe. A handful of players started to come to the US to play college ball in the 1980s, as the NBA was becoming more popular and thinking more globally. But international players were almost exclusively identified by word of mouth, recommendations from a friend of a friend. Sometimes, the US coaches wouldn’t even see any game tape before signing a player to a scholarship; in 1984, Dutch player Rik Smits got a scholarship offer from Marist University based on nothing but his height (7’4”); he says the coach never even saw him play.

But today, the NBA and NCAA have built out an international pipeline for players, while the internet has made it easier than ever to scout from abroad. A lot has changed.

What has driven more international recruitment in college basketball?

NBA legend Hakeem Olajuwon, who came to the US in 1980 to play NCAA basketball, is a pivotal figure in this evolution. Then a relatively unknown Nigerian teenager, he was offered a chance to try out for the University of Houston’s team because a coach had heard from an acquaintance that Olajuwon was a promising prospect. After his star college career and a successful transition to the pros, Olajuwon had set the blueprint.

Olajuwon became one of the NBA’s best players in the ’80s and ’90s, winning an NBA MVP and two championships. His rise was paralleled by Jamaica’s Patrick Ewing, who moved from Kingston to play high school basketball in the US before attending Georgetown and then going on to make the New York Knicks one of the consistently best in the league. Smits played for 12 seasons and made one All-Star team.

Their success, and the next generation of players who followed, pushed the NBA — and, with it, college basketball — on the path to globalization. By the turn of the century, even elite prep schools were starting to recruit international players.

A recruiting arms race got underway in the ’80s and ’90s, and then an NCAA rule change in 2010 made it easier for more international players to come to the US.

Basketball is typically one of the most popular and most profitable athletic programs that a university will have, second only to football if the school has a football team — and for some schools, like Duke, basketball still maintains primacy. The pressure to compete is intense. If you’re at the University of North Carolina and you see your top rival, the Blue Devils, recruiting abroad, you are going to start doing the same thing. International recruitment went from happenstance in the ’80s to an indispensable recruitment tactic that teams across the NCAA used to keep up.

In 2001, the NBA and NCAA doubled down on the strategy and set up a formal pipeline, the Basketball Without Borders program, to get promising international players in front of American scouts. The NBA has more recently set up academic training camps that teach basketball skills while also offering more general education classes to prepare participants for a US college experience.

The program proved to be a success. One of Basketball Without Borders’s graduates is Joel Embiid, a Cameroonian player who came to basketball as a teenager, played as a Kansas Jayhawk, and won an MVP at the professional level in 2023.

Technology helped revolutionize basketball recruiting. In 1984, Rik Smits’s Marist coach had to hope that somebody had recorded Smits playing on some grainy VHS tape and then physically get his hands on that tape. Without that, he had nothing to go on but height. Today, player highlights from all over the world are uploaded to YouTube — where American coaches can view them easily at any time, and players can even build hype on social media to get attention from recruiters.

Those recruiters are offering players not only the chance to come to the US for an education — they’re also offering a financial opportunity.

How has money in college sports affected international recruitment?

Money is changing everything about what it means to be a college athlete — including for international players.

An opportunity to make money for themselves — and not just for the schools — is steering even more foreign basketballers to US colleges. NCAA athletes can now earn money through endorsements and other activities thanks to the Name, Image, and Likeness (NIL) rule that took effect in 2021.

In the ’90s and early 2000s, as international recruitment was spreading, playing college basketball wasn’t necessarily the smart move for the most elite foreign players. They could instead play in the expanding overseas professional leagues, earn a salary, and then enter the NBA draft without ever attending a US school. And that path was well trod: Luka Dončić, the subject of a media frenzy after his trade to the Los Angeles Lakers, played in the EuroLeague and leapt to the NBA in 2018 — three years before the NIL provision took effect.

But today, you can make real money playing college basketball in America and earn a salary that rivals those of foreign professional leagues. International players do have to jump through some extra hoops, as students on an immigration visa earning money raises legal questions, but athletes and their sponsoring institutions are quickly becoming savvy about how to navigate that issue.

The potential to make money while in school might even convince some players to stay in the college game longer instead of jumping to the NBA as quickly as possible.

Michigan center Vladislav Goldin, who was born in Russia, helped lead the Wolverines to their Sweet 16 berth last weekend, but he almost wasn’t there at all: He’d declared for the NBA draft in spring 2024, but changed his mind and transferred from Florida International University to the U of M, a more prestigious program with more earning opportunities.

A decade or two ago, that would have been unthinkable. But the business of college basketball has changed — and so have the players.

This story was also featured in the Explain It to Me newsletter. Sign up here. For more from Explain It to Me, check out the podcast.

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Ghost ransomware breached orgs in 70 countries https://earlybirdsinvest.com/ghost-ransomware-breached-orgs-in-70-countries/ https://earlybirdsinvest.com/ghost-ransomware-breached-orgs-in-70-countries/#respond Wed, 19 Feb 2025 22:03:28 +0000 https://earlybirdsinvest.com/ghost-ransomware-breached-orgs-in-70-countries/

Ghost

CISA and the FBI said attackers deploying Ghost ransomware have breached victims from multiple industry sectors across over 70 countries, including critical infrastructure organizations.

Other industries impacted include healthcare, government, education, technology, manufacturing, and numerous small and medium-sized businesses.

“Beginning early 2021, Ghost actors began attacking victims whose internet facing services ran outdated versions of software and firmware,” CISA, the FBI, and the Multi-State Information Sharing and Analysis Center (MS-ISAC) said in a joint advisory released on Wednesday.

“This indiscriminate targeting of networks containing vulnerabilities has led to the compromise of organizations across more than 70 countries, including organizations in China.”

Ghost ransomware operators frequently rotate their malware executables, change the file extensions of encrypted files, alter the contents of their ransom notes, and utilize multiple email addresses for ransom communications, which has often led to fluctuating attribution of the group over time.

Names linked to this group include Ghost, Cring, Crypt3r, Phantom, Strike, Hello, Wickrme, HsHarada, and Rapture, with ransomware samples used in their attacks including Cring.exe, Ghost.exe, ElysiumO.exe, and Locker.exe.

This financially motivated ransomware group leverages publicly accessible code to exploit security flaws in vulnerable servers. They target vulnerabilities left unpatched in Fortinet (CVE-2018-13379), ColdFusion (CVE-2010-2861, CVE-2009-3960), and Exchange (CVE-2021-34473, CVE-2021-34523, CVE-2021-31207).

To defend against Ghost ransomware attacks, network defenders are advised to take the following measures:

  1. Make regular and off-site system backups that can’t be encrypted by ransomware,
  2. Patch operating system, software, and firmware vulnerabilities as soon as possible,
  3. Focus on security flaws targeted by Ghost ransomware (i.e., CVE-2018-13379, CVE-2010-2861, CVE-2009-3960, CVE-2021-34473, CVE-2021-34523, CVE-2021-31207),
  4. Segment networks to limit lateral movement from infected devices,
  5. Enforce phishing-resistant multi-factor authentication (MFA) for all privileged accounts and email services accounts.

Right after Amigo_A and Swisscom’s CSIRT team first spotted Ghost ransomware in early 2021, their operators were dropping custom Mimikatz samples, followed by CobaltStrike beacons, and deploying ransomware payloads using the legitimate Windows CertUtil certificate manager to bypass security software.

In addition to being exploited for initial access in Ghost ransomware attacks, state-backed hacking groups that scanned for vulnerable Fortinet SSL VPN appliances also targeted the CVE-2018-13379 vulnerability.

Attackers also abused the same security vulnerability to breach Internet-exposed U.S. election support systems reachable over the Internet.

Fortinet warned customers to patch their SSL VPN appliances against CVE-2018-13379 multiple times in August 2019, July 2020, November 2020, and again in April 2021.

The joint advisory issued by CISA, the FBI, and MS-ISAC today also includes indicators of compromise (IOCs), tactics, techniques, and procedures (TTPs), and detection methods linked to previous Ghost ransomware activity identified during FBI investigations as recently as January 2025.

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