Business

Coinbase profits plunge as retail traders lose their appetite for self-destruction
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2 August, 2024

Coinbase profits plunge as retail traders lose their appetite for self-destruction

Things aren't looking good for Coinbase, which recorded a significant drop in transaction revenue and profit in Q2 while dealing...
Bank of England looks to update RTGS by exploring wholesale CBDC, synchronization
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2 August, 2024

Bank of England looks to update RTGS by exploring wholesale CBDC, synchronization

After the real-time gross settlement crash in July, the BOE is looking for a solution to update the network, proposing...
Luxembourg updated DLT bill adds ‘control agent’ role for digital securities
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2 August, 2024

Luxembourg updated DLT bill adds ‘control agent’ role for digital securities

Luxembourg has proposed a new DLT bill that adds an optional "control agent" role responsible for issuing digital securities, tracking...
Israel announces first batch of digital shekel challenge participants
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2 August, 2024

Israel announces first batch of digital shekel challenge participants

Israel’s central bank announced the digital shekel challenge in May, and it has now picked COTI, Fireblocks, PayPal and 11...
Bank of Baroda gets fresh upgrades with AI relationship manager, credit line on UPI
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2 August, 2024

Bank of Baroda gets fresh upgrades with AI relationship manager, credit line on UPI

One of India's major banks, the Bank of Baroda, rides on the AI boom, introducing an AI-powered VRM, along with...
Nigeria to train 1,000 youth on blockchain, AI annually to ‘overtake’ advanced economies
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1 August, 2024

Nigeria to train 1,000 youth on blockchain, AI annually to ‘overtake’ advanced economies

Nigeria’s Vice President Kashim Shettima has inaugurated a new initiative to train young minds on emerging tech and outsource their...
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