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09-20-2024
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Business

Bahamas shores up digital asset loopholes with DARE Act, 2 years after FTX implosion
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5 August, 2024

Bahamas shores up digital asset loopholes with DARE Act, 2 years after FTX implosion

When FTX moved to the Bahamas in 2021, the government said it was proof the country was becoming a tech...
North Carolina House of Representatives overturns governor’s veto of bill banning CBDC
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5 August, 2024

North Carolina House of Representatives overturns governor’s veto of bill banning CBDC

Prohibiting testing or accepting a potential U.S. central bank digital currency remains on the table after the majority of North...
India’s UPI to offer wallet service to foreign visitors amid digital payments boom
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5 August, 2024

India’s UPI to offer wallet service to foreign visitors amid digital payments boom

Exploring India's cultural attractions is now easier with the UPI One World wallet, eliminating the complexities of forex transactions and...
Taiwan could record massive economic gains from AI adoption: Google report
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5 August, 2024

Taiwan could record massive economic gains from AI adoption: Google report

Taiwan is on course to add $103 billion to its economic benefits before the end of the decade, according to...
US telco firm Lumen navigates digital transformation, AI with Microsoft
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4 August, 2024

US telco firm Lumen navigates digital transformation, AI with Microsoft

With the adoption of emerging tech on the rise, Lumen makes an effort to speed up its digital transformation, while...
This week in AI: Apple delays AI features launch, Taco Bell rolls out Voice AI in drive-thrus, EU AI Act takes effect
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3 August, 2024

This week in AI: Apple delays AI features launch, Taco Bell rolls out Voice AI in drive-thrus, EU AI Act takes effect

The AI landscape continues to boom, with Taco Bell setting up Voice AI on several of its drive-thru locations, firms...
India, UK’s technology security initiative to focus on AI and defense ties in Indo-Pacific region
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3 August, 2024

India, UK’s technology security initiative to focus on AI and defense ties in Indo-Pacific region

The initiative will see both nations increase their collaborative efforts in AI, semiconductors, essential minerals, and telecommunications, focusing on defense...
Taiwan earmarks $94M to boost natural disaster capabilities with AI
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3 August, 2024

Taiwan earmarks $94M to boost natural disaster capabilities with AI

With the worsening climate change, Taiwan is boosting its resiliency with artificial intelligence, setting aside a big chunk of the...
Samsung’s Q2 operating profits surge 1,400% on strong AI chip demand
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2 August, 2024

Samsung’s Q2 operating profits surge 1,400% on strong AI chip demand

Samsung projects its most advanced chips to account for 60% of its chip sales by Q4 if they finally meet...
Coinbase profits plunge as retail traders lose their appetite for self-destruction
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2 August, 2024

Coinbase profits plunge as retail traders lose their appetite for self-destruction

Things aren't looking good for Coinbase, which recorded a significant drop in transaction revenue and profit in Q2 while dealing...
Bank of England looks to update RTGS by exploring wholesale CBDC, synchronization
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2 August, 2024

Bank of England looks to update RTGS by exploring wholesale CBDC, synchronization

After the real-time gross settlement crash in July, the BOE is looking for a solution to update the network, proposing...
Luxembourg updated DLT bill adds ‘control agent’ role for digital securities
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2 August, 2024

Luxembourg updated DLT bill adds ‘control agent’ role for digital securities

Luxembourg has proposed a new DLT bill that adds an optional "control agent" role responsible for issuing digital securities, tracking...