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Foresight Ventures Announces Appointment of Alice Li and Zac Tsui as Partners

Foresight Ventures Announces Appointment of Alice Li and Zac Tsui as Partners

Foresight Ventures, a research‑driven venture capital firm bridging East and West, today announced the appointment of Investment Partner Alice Li and Investment Director Zac Tsui to Partners, effective immediately. Co-Founder Forest Bai will step down from his management role and will continue to support the Foresight Ventures team in the future in an Advisor capacity.
Alice Li is currently an Investment Partner and Head of North America at Foresight Ventures, focusing on investments in stablecoin infrastructure, payment systems, AI applications, and social media, with the goal of driving mass-market adoption of Web3. She previously spent many years in product growth roles at TikTok and Amazon.
Zac Tsui is currently an Investment Director at Foresight Ventures. Before joining the firm, he worked at Ant Group, where he was responsible for strategic investments and incubation in the Web3 and blockchain sectors. Earlier in his career, he worked at leading venture capital firms including IDG Capital and BAI Capital, focusing on identifying companies with long-term value potential. He has invested in technology-sector unicorns across multiple fields and has built extensive expertise in fintech, AI, and emerging-markets investments.
Alice Li said: 'I'm truly grateful for the trust from the board. Foresight Ventures has always been committed to building a bridge between East and West and accelerating the real-world adoption of Web3 technologies. I look forward to working alongside Zac and our team to lead the company into its next chapter of growth.'
Zac Tsui added: 'The Web3 ecosystem is in a phase of dynamic growth and intense competition. Globally, we are seeing regulatory adoption accelerate alongside increasing industry consolidation. For us, investing is not about chasing short-term wins, but about steady progress and long-term commitment. At Foresight, our deep industry experience and global resources enable us to partner with entrepreneurs who think long-term and are dedicated to creating user value, helping them navigate cycles and emerge as leaders in their fields.'
Foresight Ventures is the first and only crypto VC bridging East and West and a Top 5 active crypto VC in 2024. With a research-driven approach and offices in the US and Singapore, we are a powerhouse in crypto investment and incubation. The company's 150+ premier media and startup companies portfolio includes Wallet Connect, Story, TON, Morph, 0G Labs, Sentient AI, The Block, Foresight News, BlockTempo, Coinness, and many more. We aggressively invest in the most daring innovations. We are dedicated to partnering with visionary projects and top teams to help them succeed, reshaping the future of digital finance and beyond.
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Vertix Auditing Introduces Blockchain-Integrated External Audit Services in UAE
Vertix Auditing Introduces Blockchain-Integrated External Audit Services in UAE

Time Business News

time34 minutes ago

  • Time Business News

Vertix Auditing Introduces Blockchain-Integrated External Audit Services in UAE

In Dubai, there are many companies that are providing new technologies to their clients for their better growth and records. Similarly, Vertix Auditing, one of the leading audit firms in Dubai, has introduced its new Blockchain-Integrated External Audit Services to make financial reports tested with latest techniques. The main aim is to make financial statement audits more transparent, accurate, and efficient. The UAE is moving fast toward using blockchain in its economy, with support from VARA, ADGM, and the Dubai Blockchain Strategy. Businesses now want auditors who can check both normal accounting records and blockchain transactions. The external audits are not just limited to paper records or ERP systems. For companies using blockchain for payments, managing assets, or tracking supply chains, audits now need to include blockchain checks to make sure every transaction is genuine, authentic, and completely recorded. Blockchain audit is a thorough examination of all information, transactions, and procedures on the blockchain to ensure that they are correct, reliable, and compliant with regulations. Blockchain is transparent as well as secure, but companies still need audits because of the following: · Regulatory Compliance: Blockchain shows all transactions transparently in open ledgers, but they must follow UAE rules and international laws. This is where we play a crucial role by verifying the data on the blockchain based on the applicable regulations in the UAE. · Investor Confidence: An independent audit is needed to make sure that the financial data on the blockchain reconciles accurately with the internal management accounts. Since there is still significant skepticism about blockchain technology, the audit helps address these concerns and boosts investor confidence in your numbers. · Fraud Prevention: Blockchain makes it difficult to change past records, but it cannot prevent fake transactions from being added. Auditors check for unusual activity, unauthorized actions, or missing information. · Smart Contract Reliability: Smart contracts on blockchain run automatically without people controlling them. If they have mistakes, they can cause big financial losses. Audits check for coding errors, rule violations, or business logic problems before they are used. 1. Blockchain Transaction Audits We check blockchain transactions, wallet balances, and token transfers on our own using blockchain explorers and forensic tools. This is important for: · Crypto exchanges · Web3 startups · DeFi platforms 2. Smart Contract Auditing We check smart contracts for technical errors, rule violations, and security risks to identify and resolve problems before the contracts are executed. 3. Blockchain-Based Financial Statement Verification For blockchain-based companies, we compare blockchain data with regular records to make sure the financial statements are accurate. 4. Regulatory Compliance Audits We help you follow UAE VARA rules, ADGM crypto regulations, and international anti-money laundering (AML) laws. 5. Proof of Audit Certificates After the audit, we can provide blockchain-verified certificates, which are secure proof that your company follows the rules and can be shared with investors and regulators. 1. Financial Statement Verification with Blockchain Evidence Comparing blockchain-based and cryptocurrency accounting transactions with the company's accounting records to ensure the financial statements are complete and correct. 2. Audit Trail Validation Using blockchain to check who made a transaction, when it happened, and if it was approved to help identify and prevent from error or fraud. 3. Asset Ownership Confirmation Verifying that digital assets, tokens, and blockchain inventory match what the company claims it owns. 4. Support for Multi-Entity and Cross-Border Audits For multinational companies that use blockchain to handle transactions between their own branches, subsidiaries or associated, Vertix Auditing ensures the accounts are correct and follow the transfer pricing and IFRS requirements. 5. Blockchain-Based Proof of Audit Issuance of blockchain-verified audit certificates, providing investors and regulators with a tamper-proof assurance record. 1. Engagement Planning: We identify areas where blockchain transactions impact financial reporting. 2. Data Access: Secure read-only blockchain data alongside traditional accounting records. 3. Reconciliation & Testing: Match on-chain data with financial ledgers, verifying completeness and cut-off accuracy. 4. Analytical Review: Identify anomalies, duplicate entries, or irregular transaction patterns. 5. Audit Report & Blockchain Certification: Deliver a comprehensive external audit report, with optional blockchain hash certification for independent verification. There is a continuous rise in the use of cryptocurrencies and digital assets among the UAE companies. Several audit firms qualify the audit reports of these companies due to the use of cryptocurrencies for business transactions. This is because hardly a few firms have proper knowledge of how blockchain transactions should be audited. Vertix Auditing believes that by launching Blockchain-Integrated audit services, we have covered a major gap in the market and able to help companies in financial services, logistics, manufacturing, and blockchain-based businesses. TIME BUSINESS NEWS

You probably forgot about some of 2025's most viral moments. Here's a recap.
You probably forgot about some of 2025's most viral moments. Here's a recap.

USA Today

time8 hours ago

  • USA Today

You probably forgot about some of 2025's most viral moments. Here's a recap.

A recap might be in order. Between a 24-hour news cycle and a never-ending loop of social media trends, remembering what happened yesterday, much less at the start of the year could prove difficult. From American Eagle's controversial jeans ad and the ongoing Labubu pandemonium, 2025 (at least so far) has been chock-full of viral moments. In an effort to remind you, our readers, what some of those big moments were, we've rounded them up and recapped them (in case the train passed you by on one or more of these.) See some of the moments that perfectly capture the zeitgeist of 2025, at least so far. Americans say 'goodbye' to TikTok Before TikTok "went dark" for 12 hours in January, some of its American users had already prepared for the worst, issuing last goodbyes and posting heartfelt tributes in case they would never be able to use the social media platform again. Influencers, content creators and casual users shared memories and posted memes and for an app they said fostered a sense of community and belonging, in addition to income. The federal legislation that required ByteDance, TikTok's parent company, to the divest the app's U.S. assets, was designed to assuage national security concerns, i.e., fears that the Beijing-based company was sharing U.S. user data with China. Fortunately, for TikTok, President Donald Trump came through with an executive order that delayed the ban for 75 days so ByteDance could find an owner in the U.S. Trump has since issued three executive orders to delay the ban, with the most recent deadline being Sept. 17. The fate of the short-form video app now lies in the hands of Chinese officials, U.S. Commerce Secretary Howard Lutnick said, and they have yet to approve a U.S.-drafted deal to sell the app's American assets. If Chinese officials don't approve the deal before the deadline, and if Trump does not issue another executive order to delay the ban, TikTok could go dark again. What's the latest on a TikTok ban? There's just a month until the app could be banned – again. Here's where things stand. Gulf of Mexico? Gulf of America. Gulf of Mexico? More like Gulf of America, President Donald Trump decreed on Inauguration Day. The name change went into effect on Feb. 10, a day after Trump declared Feb. 9 as the "first-ever Gulf of America Day" while en route to Super Bowl 59. Tech giants Google and Apple moved quickly to honor Trump's order after the new name was formally adopted by the Geographic Names Information System. Trump's executive order ruffled more than a few feathers, most notably Mexican president Claudia Sheinbaum, who threatened legal action against Google and joked that she would start calling the United States "Mexican America" in retaliation. Kendrick Lamar brought the heat to Super Bowl LIX Between the fashion and the set list (featuring SZA), Kendrick Lamar's halftime show performance at Super Bowl 59 was one for the books. Not to mention surprise cameos from Uncle Sam, i.e., Samuel L. Jackson and tennis legend (Drake's ex) Serena Williams, who crip-walked onstage. Kendrick Lamar and Drake rap beef: What makes this music feud so significant? Within the span of 13 minutes, the Grammy- and Pulitzer-winning rapper dropped easter eggs, trolled Drake with famed diss trick "Not Like Us" and performed a total of 11 tracks (with stunning visuals and an ensemble, to boot.) Troves of spectators, including fans, took to social media to either react (live) and/or discuss all things related to Lamar's performance. But the fun did not stop there, as Lamar and SZA took "GNX" collaborations on the road for the Grand National Tour, which concluded at Northwest Stadium in Washington, D.C. on June 18. Katy Perry hate (space?) train Haters gonna hate. And Katy Perry, one of six notable women catapulted to the edge of space, got a lot of it. Because of billionaire Jeff Bezos' private space company Blue Origin, Perry and her crewmates got the chance to take a quick trip beyond Earth's atmosphere, complete with out-of-this-world views and a dose of microgravity. The internet, including fellow celebrities Olivia Munn and Emily Ratajkowski, were critical of the voyage, which some considered "out of touch," even a "bit gluttonous." The hate train, mostly aimed at Perry, continued through the end of the mission, which took place on April 14. Perry, for her part, did not comment on the controversy until weeks later, telling a fan who congratulated the "Dark Horse" singer on the opening of her tour, that the online world tries to make her a "human Piñata." "I take it with grace and send them love, cause I know so many people are hurting in so many ways and the internet is very much so a dumping ground for unhinged and unhealed," Perry wrote. Instant replay: Katy Perry, Gayle King, 4 other women head to space on Blue Origin launch 100 men vs. 1 gorilla debate Could 100 men defeat a gorilla in a fight? The hypothetical question sparked discourse (and inspired memes) across social media platforms for several days in late April. We, like everyone else involved, were just as curious about the answer so we decided to ask an expert. Tara Stoinski, president and chief scientific officer of the Dian Fossey Gorilla Fund, told us to think about the numbers. 100 men vs. 1 gorilla? Expert weighs in on viral debate Haunted doll blamed for New Orleans hijinks Annabelle was in the wrong place at the wrong time, or the right place at the wrong time. (Depends on who you ask.) The haunted "Raggedy Ann" doll, which served as inspiration for a horror movie of the same name, was minding her own business when the internet turned on her. Annabelle, on a multi-city tour across the U.S., was accused of orchestrating the escape of 10 inmates from an Orleans Parish jail and a fire that decimated a plantation just south of Baton Rouge, event thats coincided with her visit to Louisiana. Some were amused by the coincidence, while others, like the X user above, were certain Annabelle had something to do with it. Once the rumor mill gets going, especially on social media, its hard to stop, something Ghost City Tours learned quicky. Tim Nealon, founder of Ghost City Tours, told USA TODAY they had received death threats. Most of them came from people who were "absolutely convinced" that the company had something to do with all of the hijinks, Nealon said. "I did not think people were taking it seriously, (because) I kept seeing jokes about it on Instagram and TikTok," Nealon said. "But, I didn't realize people were out here like, actually thinking that this was legit." Ghost City Tours also released a statement on social media, writing that they while they were of the comments being thrown around, they could confirm Annabelle had nothing to do with the fire. In photos: Original 'Annabelle' doll of paranormal infamy visits Gettysburg orphanage Labubu craze Labubus are to 2025 like Stanley cups were to 2024. And the monster plushies, so popular it spawned a knockoff, are this season's fashion accessory of choice. The doll was designed a decade ago by Kasing Lung, a Hong Kong-born artist. The toy, part of "The Monsters" line, and other figurines are currently sold by Beijing-based toy maker Pop Mart in "blind boxes," a sealed package that contains a mystery toy, typically from a themed series. But the craze for Labubus began to surge in popularity months after Lisa of K-pop girl group BLACKPINK mentioned her "secret obsession" with Pop Mart collectibles in a December 2024 interview with Vanity Fair. "The video that started all the Labubu craze.." one user wrote in VF's comment section. Labubus have become a hot commodity since then, as consumers worlwide struggle (and sometimes fight each other) to nab the real thing for themselves. While those lucky enough to get one, or more are either already plotting their next kill or buying outfits for the one, or ones they already own. Is your Labubu real? We spot differences between Pop Mart dolls and 'Lafufus' Jeans or genes? American Eagle ad starring Sydney Sweeney blasted American Eagle sought to promote its jeans through its campaign starring Sydney Sweeney, but somehow managed to elicit controversy online and support from the White House in the process. "Genes are passed down from parents to offspring, often determining traits like hair color, personality and even eye color," the "Euphoria" star said in the ad. "My jeans are blue." Critics were quick the slam the ad, arguing that the wordplay was a subtle attempt at endorsing eugenics. By glorifying the actor's white genetics as "good," many argued the ad promoted the belief that some genetic features are better than others. President Donald Trump, Sen. Ted Cruz and White House Communications Director Steven Cheung rushed toward the ad's defense saying that the backlash was just nonsense coming from liberals. Sydney Sweeney is everywhere: A look at her viral ad campaigns. 'Kiss Cam' incident at Coldplay concert Things got a little uncomfy for a couple attending a Coldplay concert in Foxborough, Massachusetts last month. You know the one. Two concertgoers (and tech company Astronomer, by proxy) were thrust into the spotlight after a "Kiss Cam" cameo. The clip shows a man and a woman leap out of close embrace and duck out of view after they realized everyone at Gillette Stadium, including front man Chris Martin, could see them on the jumbotron. "Come on, you're OK!" Martin told the pair. "Uh oh, what? Either they're having an affair or they're just very shy." Internet sleuths were on the case shortly after the clip went viral, with many curious and determined to uncover the identity of the couple. And some of them did. Days later, Astronomer CEO Andy Byron and the company's chief people officer, Kristin Cabot, resigned. Then Astronomer hired Martin's ex-wife Gwyneth Paltrow, a "temporary spokesperson" to be the face of its newest advertisement. The scandal also became a sort of spectacle, spawning reenactments and prompting musical artists to issue warnings ahead of shows.

Why the U.S. and China Are Playing Nice
Why the U.S. and China Are Playing Nice

Time​ Magazine

time11 hours ago

  • Time​ Magazine

Why the U.S. and China Are Playing Nice

The U.S. and the People's Republic of China are strategic rivals in the battle for global leadership in the 21st century. So it was no surprise when President Donald Trump hit China with 20% tariffs in the first few weeks of his second term and then imposed reciprocal tariffs of 34% on 'Liberation Day.' And when Trump a few days later lowered tariff rates for everyone else to calm markets, he quadrupled duties on China to a whopping 145%. But all that now feels like ancient history. Over the past four months, Trump has bent over backwards to be kind to Beijing. The two sides announced a 90-day ceasefire in Geneva in early May, agreeing to reduce tariffs and negotiate their differences over export controls and other issues. (Remaining U.S. tariffs on China are still at roughly 55%, and China's tariffs on the U.S. stand at almost 33%. These are historically high levels, but not sufficient to outright stop trade.) Further discussions in London and Stockholm made enough progress for the two sides this week to announce another extension of the ceasefire, with the White House praising Beijing for being cooperative and flexible in the negotiations to date. Read More: Why Trump Will Blink First on China In the same vein, the Trump Administration has not shut down TikTok in the U.S. despite the fact that it is still Chinese-controlled, in contravention of American law; it denied a transit visa for Taiwanese President William Lai; and it is allowing Nvidia and AMD to sell advanced chips in China despite originally blocking many of these sales, following a pay-for-play deal. So why the sudden about-face on China? It is doubly odd given the U.S.'s simultaneous tough tact toward other members of the BRICS—a rival to the U.S.-led G7 that includes Brazil, Russia, India, and South Africa—not to mention many of America's traditional allies. Three reasons stand out. First, both Washington and Beijing now have proven weapons that are restraining the aggressive instincts of the other side. Unlike others who caved in to Trump's pressure, Beijing retaliated, first with its own high tariffs, and then, more importantly, with restrictions on rare earth minerals, over which they have a global chokehold. Once Trump began lowering most of the initial reciprocal tariffs and calling for talks with Xi, they had confidence that restricting rare earths minerals and magnets would be met not with counterstrikes but with concessions. That includes the Trump Administration backing off imposing new export controls on several technologies and scrapping their threat to 'aggressively revoke' Chinese student visas. Beijing now believes it has perfected the recipe for making a 'TACO' ('Trump always chickens out'). Second, Trump and Xi both have an interest in strengthening economic confidence at home. With persistent overcapacity and price wars across industrial and consumer sectors, 'involution' has become the word of the year in China, a nod to the excessive competition that is hurting local businesses. Xi needs to shore up government finances, consolidate industries, and avoid further international barriers to Chinese exports and investment. The U.S.'s current economic picture is stronger, but constituents in town halls across the country have expressed deep worries about lost export markets, inflation, budget deficits, and a potential recession. Third, both Trump and Xi want to meet each other, most likely in the Fall in Asia. Trump has been signaling his desire for direct communication with Xi since at least April. He wants to assemble a deal that he can sell at home as boosting U.S. business opportunities and stopping the fentanyl epidemic, given China's role in producing most of the precursors in the synthetic opiod that is trafficked to America. The Chinese have played hard to get, privately saying any summit must be preceded by detailed negotiations and planning. Based on my conversations with experts in China in recent weeks, Xi wants to avoid being disrespected, as Ukrainian President Zelensky and other world leaders were during their White House visits. And with Trump making concession after concession, Beijing may want to consolidate its recent gains and aim even higher, perhaps inducing Trump to make further compromises over tariffs, export controls, and Taiwan. Read More: It's Time for Trump and Xi to Meet Although one should not dismiss the value of stable ties between the world's two largest economies, each equipped with massive stockpiles of nuclear weapons, this warming trend is unlikely to last very long. Both sides prefer calmness now because it aligns with their short-term interests. Chinese official rhetoric aside, neither side sees the relationship in cooperative terms, and neither is willing to take major steps to provide strategic reassurance to the other. The underlying fundamental challenges created by the countries' deep divisions over their economic ties, the potential for conflict over Taiwan and other hotspots, and their competing visions of the international order can only be papered over for so long. At some point Beijing may run out of luck, and either not concede enough in negotiations or push too hard to make a TACO, and instead generate a Trumpian tirade or policy overreaction. Trump's unpredictability make linear extrapolations of any U.S. policy or strategy a risky bet. At some point, for either reasons of policy or fashion, the U.S.'s current gentle approach toward Beijing is likely to eventually harden, and for a new scene in the drama to unfold. Read More: Why China Can't Win a Trade War Beijing knows no deal with Trump is permanent. They will enjoy the peace and quiet as long as they can, but they know they need to be prepared for the next round of escalation—whenever it arrives. Other countries, companies, and markets should, too.

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