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Business

Nouriel Roubini’s firm to create digital token with climate goals—yes, you heard that right
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22 November, 2023

Nouriel Roubini’s firm to create digital token with climate goals—yes, you heard that right

Nouriel Roubini's Atlas Capital reveals plans for a "stablecoin" digital token called ACT, backed by a basket of "sophisticated climate...
Binance, Changpeng Zhao reach $4.3 billion settlements with US authorities
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22 November, 2023

Binance, Changpeng Zhao reach $4.3 billion settlements with US authorities

Binance attempts to stay afloat with the appointment of its new CEO after CZ stepped down following a guilty plea...
Commerzbank secures digital asset custody license in Germany
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22 November, 2023

Commerzbank secures digital asset custody license in Germany

Commerzbank’s foray into digital currencies may increase adoption, given that it has nearly 11 million small-business and private customers in...
China national data agency to spur digital economy and AI aspirations
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22 November, 2023

China national data agency to spur digital economy and AI aspirations

The new agency will take over some of the roles of the Cyberspace Administration of China, as some experts question...
Meta shuts down its responsible AI team following internal restructuring
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21 November, 2023

Meta shuts down its responsible AI team following internal restructuring

Meta is dissolving its Responsible AI team in a mid-November restructuring and is redirecting members to generative AI roles, raising...
Global securities regulators issue new recommendations for digital asset regulation
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21 November, 2023

Global securities regulators issue new recommendations for digital asset regulation

Regulators from 131 jurisdictions worldwide are recommending a set of standard policies similar to those in traditional financial markets, with...
Kraken, Coinbase risk being forced out of US market over illegal securities trading
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21 November, 2023

Kraken, Coinbase risk being forced out of US market over illegal securities trading

The U.S. Securities and Exchange Commission has charged Kraken and Coinbase with selling unregistered securities, revealing asset risks and regulatory...
Spanish regulators call for X probe over fraudulent digital currency ads
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21 November, 2023

Spanish regulators call for X probe over fraudulent digital currency ads

The head of the National Stock Market Commission in Spain strikes social media platforms, particularly X, over alleged fraudulent and...
Monetary Authority of Singapore calls for AI sustainability, draws lessons from ‘crypto’
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21 November, 2023

Monetary Authority of Singapore calls for AI sustainability, draws lessons from ‘crypto’

Singapore is embracing artificial intelligence cautiously, drawing from digital currency lessons, securing substantial investments, emphasizing safety, and implementing robust regulations...
Kazakhstan launches digital tenge, makes first retail payment
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20 November, 2023

Kazakhstan launches digital tenge, makes first retail payment

The National Payment Corporation of Kazakhstan has unveiled the CBDC, which it says integrates VISA and Mastercard, as well as...
German politician trying hard to sell parliament on BTC
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20 November, 2023

German politician trying hard to sell parliament on BTC

Bundestag's Joana Cotar argues that BTC is a better alternative to cash than a CBDC, citing the possibility of regulators...
OpenAI CEO Sam Altman ousted from company
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20 November, 2023

OpenAI CEO Sam Altman ousted from company

With their clashing views over AI innovation, the board decided to remove Sam Altman from OpenAI and as CEO of...