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Business

Microsoft seeks to shine light on AI’s transformative power with Super Bowl ad
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9 February, 2024

Microsoft seeks to shine light on AI’s transformative power with Super Bowl ad

To spotlight artificial intelligence's immense capabilities to revolutionize the world, Microsoft will dedicate its ad space in the Super Bowl...
Hong Kong to VASPs: Secure license by February 29 or face shutdown
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9 February, 2024

Hong Kong to VASPs: Secure license by February 29 or face shutdown

As the deadline looms, Hong Kong has reiterated its pledge to shut down all unlicensed VASPs by the end of...
Bank of Russia eyes direct support line for retail CBDC users
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9 February, 2024

Bank of Russia eyes direct support line for retail CBDC users

Since mid-2023, the Bank of Russia has been experimenting with its central bank digital currency, the digital ruble, and a...
South Korea wants digital asset criminals sentenced to life imprisonment
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8 February, 2024

South Korea wants digital asset criminals sentenced to life imprisonment

The new amendments will hand life sentences to any criminal that embezzles over $3.8 million, with the minimum time served...
South Dakota joins Florida, Indiana in passing anti-CBDC bill
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8 February, 2024

South Dakota joins Florida, Indiana in passing anti-CBDC bill

South Dakota’s state Senate passed the bill recently, barring a digital dollar from being defined as money in its UCC,...
Meta ramps up efforts to fight AI-generated deepfakes
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8 February, 2024

Meta ramps up efforts to fight AI-generated deepfakes

As deepfakes grow rampant on social media, Meta works to counter such threats, implementing visible markers on images and embedding...
UK pledges $126M for AI research and training
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8 February, 2024

UK pledges $126M for AI research and training

The £100 million funding will go toward upskilling workers for the AI era, launching nine new AI hubs, and training...
MUFG pilot program with Ginco aims to explore new stablecoin use case
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8 February, 2024

MUFG pilot program with Ginco aims to explore new stablecoin use case

Japan's MUFG and Ginco have embarked on a new pilot program centered on building a new stablecoin solution that targets...
South Korea to vet VASP execs; US SEC charges American Bitcoin Academy over $1.2M scam
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7 February, 2024

South Korea to vet VASP execs; US SEC charges American Bitcoin Academy over $1.2M scam

Elsewhere, Hong Kong’s Treasury has proposed bringing OTC venues under the city’s regulations, arguing that they have been used to...
AI innovation in the Middle East can match EU, North America, analysts say
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7 February, 2024

AI innovation in the Middle East can match EU, North America, analysts say

While the Middle East is the leader in oil reserves, experts believe it will resort to a "follow the leader"...
Nigeria’s Zone to launch blockchain remittances in 2025
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7 February, 2024

Nigeria’s Zone to launch blockchain remittances in 2025

Rebranded from Appzone and formerly a software firm, Zone now processes blockchain payments and facilitated over $360 million for Nigerian...
Abuja’s Bureau De Change operators shut down, blame P2P digital asset market
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6 February, 2024

Abuja’s Bureau De Change operators shut down, blame P2P digital asset market

Nigeria’s digital asset community has dismissed the unfounded claims, noting that Bureau De Change operators rely on physical foreign currencies...