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Business

Hong Kong forms CBDC expert group emphasizing interoperability, privacy
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2 November, 2023

Hong Kong forms CBDC expert group emphasizing interoperability, privacy

Hong Kong has established an expert group for central bank digital currency comprised of academics who will focus on research,...
Do Kwon, Terraform Labs ask judge to dismiss SEC lawsuit
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2 November, 2023

Do Kwon, Terraform Labs ask judge to dismiss SEC lawsuit

Following a lengthy investigation into the Terra collapse, Terraform Labs and Do Kwon filed a motion to dismiss the SEC...
UN wants to harness AI potential for ‘common good’ via new advisory body
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1 November, 2023

UN wants to harness AI potential for ‘common good’ via new advisory body

The United Nations has unveiled a new advisory body for artificial intelligence (AI), aiming to harness its potential for global...
US judge sides with generative AI over artists in potentially precedent-setting ruling
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1 November, 2023

US judge sides with generative AI over artists in potentially precedent-setting ruling

Citing a lack of evidence, Judge William Orrick described the case filed against Midjourney, DeviantArt, and Stability AI, as "defective...
PROOF Act: US senators introduce bipartisan proof of reserves bill
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1 November, 2023

PROOF Act: US senators introduce bipartisan proof of reserves bill

Under the U.S. bipartisan bill PROOF Act, the results of monthly PoR inspections would be submitted to the Department of...
UK Treasury publishes response to feedback on proposal to regulate digital assets
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1 November, 2023

UK Treasury publishes response to feedback on proposal to regulate digital assets

The consultation and call for evidence was issued in April, following a report by the Treasury that it intends to...
Bittrex bankruptcy may turn a profit, thanks to KYC-phobic exchange customers
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1 November, 2023

Bittrex bankruptcy may turn a profit, thanks to KYC-phobic exchange customers

Owing to the unclaimed balances from users, with some voicing irritability over Bittrex's "super slow and disjointed" claims process, would...
Digital Nigeria: BSV Blockchain Association’s Evan Freeman talks building the future via blockchain education
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1 November, 2023

Digital Nigeria: BSV Blockchain Association’s Evan Freeman talks building the future via blockchain education

At Digital Nigeria, BSV Blockchain Association Director of Education Evan Freeman talked about how Africa can leverage blockchain for an...
Taiwan digital asset bill passes first reading in parliament
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1 November, 2023

Taiwan digital asset bill passes first reading in parliament

The new bill passes its first reading in parliament, laying the groundwork for increased consumer protections and tighter regulation around...
AI could boost Amazon’s earnings after strong financial results
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31 October, 2023

AI could boost Amazon’s earnings after strong financial results

Amazon's CEO Andy Jassy sees artificial intelligence (AI) as the key to future earnings growth, with a $1.25 billion investment...
Meta lawsuit claims platform’s use of AI algorithms endanger child safety
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31 October, 2023

Meta lawsuit claims platform’s use of AI algorithms endanger child safety

Lawyers representing 34 U.S. states claim in their lawsuit that Meta is engaged in multiple offenses that potentially harm teenagers...
Biden’s new executive order to regulate AI development—but we need oversight for everyone
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31 October, 2023

Biden’s new executive order to regulate AI development—but we need oversight for everyone

The Biden administration's new standards will force AI system developers to report to the federal government on their progress, and...