Business

Interbank pilot from Goldman, Visa, and others proves blockchain utility
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27 March, 2024

Interbank pilot from Goldman, Visa, and others proves blockchain utility

As the world slowly realizes that most "cryptocurrencies" have no value, the shift will focus on how immutable ledgers such...
Saudi Arabia mulls $40 billion AI investment fund to diversify its oil-based economy
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27 March, 2024

Saudi Arabia mulls $40 billion AI investment fund to diversify its oil-based economy

Saudi Arabia's Public Investment Fund has opened high-profile talks with U.S.-based venture capital firm Andreessen Horowitz to establish an AI-focused...
China working on CBDC guide to make digital yuan more accessible to foreign users
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27 March, 2024

China working on CBDC guide to make digital yuan more accessible to foreign users

The People’s Bank of China—the country's central bank—and its Digital Currency Research Institute have published a guide for foreign tourists...
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.
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