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Business

IBM earmarks $500 million to fund enterprise AI-focused startups
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11 November, 2023

IBM earmarks $500 million to fund enterprise AI-focused startups

The IBM Enterprise AI Venture Fund aims to boost business productivity with generative artificial intelligence solutions, investing in startups from...
Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park
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11 November, 2023

Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park

Shenzhen, aiming for a widespread digital yuan adoption, Shas unveiled an industrial park housing various financial institutions that will serve...
SEC responds to Binance motion to dismiss securities violation suit
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10 November, 2023

SEC responds to Binance motion to dismiss securities violation suit

The U.S. SEC rejected the various arguments made by Binance, stating in its response to the exchange's motion that "no...
SEC in talks with Grayscale over ETF do-over
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10 November, 2023

SEC in talks with Grayscale over ETF do-over

The U.S. Court of Appeals for the D.C. Circuit ruled that the SEC had failed to justify its rejection of...
Office of the Comptroller of the Currency sees decreasing interest in retail digital assets but promise in tokenization
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10 November, 2023

Office of the Comptroller of the Currency sees decreasing interest in retail digital assets but promise in tokenization

OCC acting chief Michael Hsu acknowledged the positive impacts of tokenizing real-world assets but lamented the significant drop in interest...
Coinbase access in Kazakhstan blocked over illegal operations
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10 November, 2023

Coinbase access in Kazakhstan blocked over illegal operations

Kazakhstan is prohibiting access to Coinbase due to violations of digital asset laws, citing specific provisions prohibiting unsecured assets and...
Bitwise Industries CEOs charged over fake financial records that put 900 out of work
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10 November, 2023

Bitwise Industries CEOs charged over fake financial records that put 900 out of work

Former Bitwise CEOs Jake Soberal and Irma Olguin, Jr. would face a hefty penalty of $250,000 and a 20-year jail...
Hong Kong mulls permitting spot ETFs tied to digital currencies after JPEX
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10 November, 2023

Hong Kong mulls permitting spot ETFs tied to digital currencies after JPEX

Hong Kong is looking at permitting retail access to digital currency spot ETFs, following a careful regulatory approach for investor...
Meta bans political advertisers from using generative AI tools to prevent misinformation
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9 November, 2023

Meta bans political advertisers from using generative AI tools to prevent misinformation

Due to ethics concerns, Meta is banning advertisers from using its generative AI tools for political campaigns—a move that may...
Korvio Coin $300M ‘crypto’ scam names 4 cops among 8 arrested in India
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9 November, 2023

Korvio Coin $300M ‘crypto’ scam names 4 cops among 8 arrested in India

The scam started in 2018 and lured people to purchase Korvio coins, with over 1,000 cops among the 100,000 victims;...
What is Grok? Elon Musk’s new AI and how it uses your data
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9 November, 2023

What is Grok? Elon Musk’s new AI and how it uses your data

Elon Musk's new AI, Grok, is trained on data from social media platform X, and it has access to real-time...
Patents, profit, and regulation at the 2023 Exeter Blockchain and Law Conference
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9 November, 2023

Patents, profit, and regulation at the 2023 Exeter Blockchain and Law Conference

A conference by the University of Exeter brings government, academics, and industry figures together to discuss where innovative techs, such...