Business

Instagram’s new background editing tool is powered by AI
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22 December, 2023

Instagram’s new background editing tool is powered by AI

Instagram introduces Backdrop, an AI-driven background editing tool that promises to enhance user experiences through innovative image transformations.
JCB, Idemia CBDC pilot phase 2 focuses on offline functionality
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22 December, 2023

JCB, Idemia CBDC pilot phase 2 focuses on offline functionality

JCB and Idemia is moving to stage two of CBDC pilot with Soft Space, focusing on offline payments using near-field...
Revolut suspends digital currency services for UK, cites new FCA rules
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21 December, 2023

Revolut suspends digital currency services for UK, cites new FCA rules

Revolut has joined PayPal, Luno, and Bybit, which have suspended some of their digital currency services in the United Kingdom,...
TikTok’s parent company banned from using OpenAI API
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21 December, 2023

TikTok’s parent company banned from using OpenAI API

ByteDance's AI initiative, Project Seed, encountered a hiccup after OpenAI banned the firm from using its API over a breach...
Do Kwon’s extradition to US quashed by Montenegro court
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21 December, 2023

Do Kwon’s extradition to US quashed by Montenegro court

The U.S. was in the lead in its race with South Korea for Do Kwon’s extradition, but an appellate court...
Industry figures fear EU ban on block reward mining could be imminent
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21 December, 2023

Industry figures fear EU ban on block reward mining could be imminent

The fate of block reward mining hangs in the balance following the European Commission methodology tender's conclusion, which seemingly hints...
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