Meta reins in metaverse ambitions, cuts budget by 20%
Meta has instructed Reality Labs to cut its budget by 20% by 2026, just weeks after reorganizing its metaverse division and laying off some senior staff.
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Russia cautiously warms up to digital asset payments as Putin warns of power disruptions
Russia’s AML chief called on the government to accelerate the development of digital asset payment infrastructure in international payments amid global sanctions.
Japan’s DeCurret starts production testing for DCJPY tokenized deposit platform
DeCurret announced DCJPY in October 2023, with the Internet Initiative Japan set to use tokenized deposits to pay for renewable energy certificates for members.
Meta to halt AI releases in EU due to ‘unpredictable’ regulations
Meta joins Apple in blackballing EU users, but unlike the iPhone maker’s anti-competitive reasons, it’s concerned about using public data to train AI.
Jordan launches national blockchain network
Known as MODEE DLT, the new network will be integrated into the country’s digital identity network Sanad to provide digital records of all transactions.
Nigeria begins implementation of national blockchain policy
The chairman of the steering committee revealed that the implementation had officially started, with NITDA spearheading the initiative on the government’s side.
UNESCO, Huawei to train East African university lecturers on AI
The training will take place in mid-August and will cover two of Huawei’s AI models—MindSpore and Atlas—and popular models from companies like OpenAI.
Hong Kong unveils stablecoin consultation results
The FSTB and the HKMA conducted the consultation in 2023, and they will release the results “soon” as stablecoin regulations in Hong Kong take shape.
Taiwan introduces its first AI draft bill
The bill primarily steers away from specific stipulations, focusing on promoting safety, accountability, risk mitigation and data protection.
Tokenized deposits unlock payment efficiency, reduce settlement risk: Visa
Visa partnered with HSBC and Hang Seng Bank in 2023 on a pilot that combined the e-HKD and tokenized deposits and has now published a report on its success.
Turning developers’ visions into reality: Brett Banfe discusses the BSV DevCon 2024
The BSV DevCon saw some of the industry's most acclaimed developers discuss their products, services, tools and roadmaps, Brett Banfe tells CoinGeek Backstage.
South Korea’s ruling party wants to postpone 20% digital asset tax to 2028
Initially scheduled for 2021, the disputed 20% tax on annual digital currency gains could be postponed if the ruling People Power Party has its way.