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Business

EU opens probe against Alphabet, Apple, Meta over Digital Markets Act non-compliance
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26 March, 2024

EU opens probe against Alphabet, Apple, Meta over Digital Markets Act non-compliance

The various investigations by the European Union are to be concluded within 12 months, after which the Commission will inform...
German regulator BaFin calls for responsible AI use and regulation that avoids unnecessary bureaucracy
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26 March, 2024

German regulator BaFin calls for responsible AI use and regulation that avoids unnecessary bureaucracy

Bafin's Director, Dr. Thorsten Pötzsch, has highlighted the need for practical EU regulation and also called for companies to "manage...
Universal Digital Payments Network opens digital currency sandbox
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26 March, 2024

Universal Digital Payments Network opens digital currency sandbox

Developed by Red Date Technology, UDPN aims to support interoperability between digital currencies, tokenized deposits, CBDCs, and stablecoins.
Oracle adds new generative AI functionality for cloud application users
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26 March, 2024

Oracle adds new generative AI functionality for cloud application users

Software firm Oracle has confirmed that the new AI capabilities will be native to the Oracle Fusion Cloud Applications Suite.
Israel completes blockchain-based bond tokenization pilot
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26 March, 2024

Israel completes blockchain-based bond tokenization pilot

The Israeli Ministry of Finance recently published a report on Project Eden, which listed efficiency, transparency, and enhanced security as...
OKX digital asset exchange shuts India operations
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25 March, 2024

OKX digital asset exchange shuts India operations

In an X post, OKX asked Indian users to close all their margin positions and positions in perpetuals, futures, and...
A week’s update on AI: UN drafts resolution, Microsoft hires Google DeepMind co-founder, and more
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25 March, 2024

A week’s update on AI: UN drafts resolution, Microsoft hires Google DeepMind co-founder, and more

AI innovations are quickly driving innovators and governments; last week, the UN adopted an AI resolution, while Tennessee has become...
Deutsche Börse planned platform seeks to make tokenized assets fungible
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25 March, 2024

Deutsche Börse planned platform seeks to make tokenized assets fungible

As interest in digital asset investments grows, Deutsche Börse eyes developing a platform that would make tokenized assets fungible for...
Microsoft latest hiring spree shifts balance of consumer AI products
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25 March, 2024

Microsoft latest hiring spree shifts balance of consumer AI products

Microsoft is ramping up its AI efforts as tech giants race to become the frontrunner in the industry, hiring key...
ECB announces seven new digital euro rulebook workstreams and calls for expert assistance
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22 March, 2024

ECB announces seven new digital euro rulebook workstreams and calls for expert assistance

The ECB is establishing seven new ‘workstreams’ to develop the digital euro rulebook, and experts in payments infrastructure and architecture...
Jerome Powell denies having CBDC lab, study says ‘crypto’ won’t become money
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22 March, 2024

Jerome Powell denies having CBDC lab, study says ‘crypto’ won’t become money

U.S. Fed Chair Jerome Powell insists he's not plotting to unleash a CBDC, while a new study says concerns about...
IMF offers Andorra technical assistance in digital asset monitoring
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22 March, 2024

IMF offers Andorra technical assistance in digital asset monitoring

Andorra sought assistance in recording ‘crypto’ transactions, with the IMF providing guidance on current and upcoming digital asset industry trends.