Business

Taiwan earmarks $94M to boost natural disaster capabilities with AI
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3 August, 2024

Taiwan earmarks $94M to boost natural disaster capabilities with AI

With the worsening climate change, Taiwan is boosting its resiliency with artificial intelligence, setting aside a big chunk of the...
Samsung’s Q2 operating profits surge 1,400% on strong AI chip demand
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2 August, 2024

Samsung’s Q2 operating profits surge 1,400% on strong AI chip demand

Samsung projects its most advanced chips to account for 60% of its chip sales by Q4 if they finally meet...
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...