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Business

US Payment Stablecoin Act could pose trouble for Tether
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30 April, 2024

US Payment Stablecoin Act could pose trouble for Tether

If the Payment Stablecoin Act passed and applicable bank regulations followed, it would open the door for America's biggest banks...
India’s IndusInd Bank executes programmable CBDC pilot with farmers
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30 April, 2024

India’s IndusInd Bank executes programmable CBDC pilot with farmers

The pilot project will be executed as an alternate form of CBDC where the bank can program the end use...
Coca-Cola inks $1.1 billion AI partnership with Microsoft
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29 April, 2024

Coca-Cola inks $1.1 billion AI partnership with Microsoft

Coca-Cola first announced the partnership in 2020, back then worth $250 million, but is scaling it up to include testing...
Stablecoin AML extension necessary for US national security: Brookings Institute
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29 April, 2024

Stablecoin AML extension necessary for US national security: Brookings Institute

Former CFTC Chair Timothy Massad said stablecoins may put the U.S. national security at risk because of their bearer nature,...
Consensys sues SEC over plans to label ETH an unregistered security
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29 April, 2024

Consensys sues SEC over plans to label ETH an unregistered security

Drawing from previous cases involving securities, Consensys struck the SEC with a complaint as it seeks protection from the U.S....
UK competition regulator scrutinizes big tech ‘partnerships’ in AI industry
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29 April, 2024

UK competition regulator scrutinizes big tech ‘partnerships’ in AI industry

The U.K.'s Competition and Markets Authority is inviting views on whether AI partnerships and other arrangements between the big techs...
Mauritania commissions Germany’s G+D to design CBDC
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29 April, 2024

Mauritania commissions Germany’s G+D to design CBDC

The prospective CBDC, called the digital ouguiya, will “advance the digital transformation” and boost financial inclusion in Mauritania, the central...
South Africa’s digital payments roadmap includes CBDC, stablecoins
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28 April, 2024

South Africa’s digital payments roadmap includes CBDC, stablecoins

South Africa is marching toward Vision 2025 payments digitalization, with the central bank identifying stablecoins and a retail CBDC as...
Nigeria’s central bank denies directive to freeze digital asset bank accounts
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27 April, 2024

Nigeria’s central bank denies directive to freeze digital asset bank accounts

After news outlets reported on the directive supposedly issued to multiple banks, the Central Bank of Nigeria denied it amid...
SAP’s AI advancement aims to streamline supply chain, manufacturing processes
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27 April, 2024

SAP’s AI advancement aims to streamline supply chain, manufacturing processes

SAP disclosed that its artificial intelligence solution will be focused on streamlining the supply chain process that are designed to...
Global generative AI health market poised to reach $29B by 2033: report
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27 April, 2024

Global generative AI health market poised to reach $29B by 2033: report

Artificial intelligence in healthcare could soar to reach over of $29.8 billion by 2033, compared to its present value of...
Connecticut Senate passes AI bill curbing bias, deep fakes
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26 April, 2024

Connecticut Senate passes AI bill curbing bias, deep fakes

The bill would punish anyone found guilty of using AI to create deceptive deep fakes and is supported by Microsoft...