The IMF has raised concerns about Nigeria's rapid adoption of dollar-pegged stablecoins, warning this trend threatens the country's monetary sovereignty and could weaken its traditional banking sector. Nigeria leads sub-Saharan Africa in stablecoin inflows, driven by naira depreciation, high remittance costs, and limited access to formal forex markets. The IMF likens this to "digital dollarization," where reliance on dollar-denominated digital assets limits central bank control over inflation and liquidity. It recommends stronger regulation, better data use, and improved payment systems to compete with stablecoins and protect financial stability.
Silvaco and NVIDIA have teamed up to enhance semiconductor design and manufacturing by integrating NVIDIA's AI and accelerated computing with Silvaco's physics-based simulation technology. This collaboration aims to create high-fidelity digital twins...
The9 Limited reported a record net income of $23 million for Q1 2026, its strongest quarter since going public in 2004. This growth was primarily driven by digital asset income, including the receipt of 1.425 billion 9BIT tokens, and the rapid expans...
Memecoins saw a sector-wide rebound with the market cap rising 8% to $23 billion and trading volume up 77% to $2.85 billion. MemeCore (M) led the recovery, climbing 11.2% to around $1.32 after holding support at $1.1. Increased trader interest was ev...
The9 Limited has named George Lai as its new CEO, effective July 27, 2026, succeeding founder Jun Zhu who remains Executive Chairman. Lai, with 18 years at The9 and former CFO, will lead the company’s AI-driven platform the9bit, which has attracted 8...
Dr. Dajun Yang, Chairman and CEO of Ascentage Pharma, was ranked No. 3 on The Medicine Maker Power List 2026 in the Small Molecules category, recognizing his leadership in oncology drug development. Under his guidance, Ascentage Pharma has advanced i...
