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Business

Philippines supreme court plans to use AI in courts
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26 October, 2023

Philippines supreme court plans to use AI in courts

Philippines' Supreme Court Chief Justice Alexander Gesmundo remarked that AI could help with inquiries in court processes and procedures and...
Chinese banks partner with foreign counterparts to boost CBDC adoption
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26 October, 2023

Chinese banks partner with foreign counterparts to boost CBDC adoption

Chinese banks form global digital currency partnerships to boost CBDC adoption amid regulatory challenges and international economic concerns.
Greece AI advisory team to develop national blueprint for tech
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25 October, 2023

Greece AI advisory team to develop national blueprint for tech

Greece ventures into AI with an advisory committee and national strategy, joining the EU's AI landscape under the influence of...
SEC faces unusual dilemma as court confirms Grayscale order
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25 October, 2023

SEC faces unusual dilemma as court confirms Grayscale order

The SEC's deadline to appeal passed last week with no action from the commission, triggering a seven-day window for the...
Tether’s transparently phony transparency v. Justin Sun’s stable self-hacking
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25 October, 2023

Tether’s transparently phony transparency v. Justin Sun’s stable self-hacking

Years dragged on and a change in leadership took place, but Tether still couldn't provide the transparency in its reserves,...
Newly filed amicus brief defends Binance despite terror links
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25 October, 2023

Newly filed amicus brief defends Binance despite terror links

The Chamber of Digital Commerce calls for the dismissal of the SEC's case against Binance and Changpeng Zhao, claiming that...
Australia pilots offline CBDC, but challenges hinder real-world deployment
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25 October, 2023

Australia pilots offline CBDC, but challenges hinder real-world deployment

Australia's central bank digital currency pilot achieves offline payments, but mass adoption faces hurdles due to card reluctance in emergencies.
Canada’s central bank explores DeFi, highlighting technical and regulatory hurdles
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24 October, 2023

Canada’s central bank explores DeFi, highlighting technical and regulatory hurdles

Bank of Canada highlighted several flaws associated with DeFi use, including limited tokenization, unregulated centralized entities, and increased interconnectedness in...
Pension funds on AI? New report suggests potential increased returns for investors
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24 October, 2023

Pension funds on AI? New report suggests potential increased returns for investors

Mercer CFA Institute report explores artificial intelligence's role in pension fund efficiency, risk management, and workforce impact.
SEC wins default judgment against Thor Technologies, founder David Chin
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24 October, 2023

SEC wins default judgment against Thor Technologies, founder David Chin

The SEC scoring a win on its default judgment meant that Thor and David Chin are restrained from participating in...
Binance won’t identify new EUR payment partners, loses more senior execs
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24 October, 2023

Binance won’t identify new EUR payment partners, loses more senior execs

Binance's integrity is gradually disintegrating, as seen in its unwillingness to comply with financial regulations, which include being transparent about...
US Treasury cracks down on coin mixing
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24 October, 2023

US Treasury cracks down on coin mixing

The move was announced by the Financial Crimes Enforcement Network, identifying coin mixing operations as “a class of transactions of...