Business

IBM earmarks $500 million to fund enterprise AI-focused startups
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11 November, 2023

IBM earmarks $500 million to fund enterprise AI-focused startups

The IBM Enterprise AI Venture Fund aims to boost business productivity with generative artificial intelligence solutions, investing in startups from...
Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park
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11 November, 2023

Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park

Shenzhen, aiming for a widespread digital yuan adoption, Shas unveiled an industrial park housing various financial institutions that will serve...
SEC responds to Binance motion to dismiss securities violation suit
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10 November, 2023

SEC responds to Binance motion to dismiss securities violation suit

The U.S. SEC rejected the various arguments made by Binance, stating in its response to the exchange's motion that "no...
SEC in talks with Grayscale over ETF do-over
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10 November, 2023

SEC in talks with Grayscale over ETF do-over

The U.S. Court of Appeals for the D.C. Circuit ruled that the SEC had failed to justify its rejection of...
Office of the Comptroller of the Currency sees decreasing interest in retail digital assets but promise in tokenization
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10 November, 2023

Office of the Comptroller of the Currency sees decreasing interest in retail digital assets but promise in tokenization

OCC acting chief Michael Hsu acknowledged the positive impacts of tokenizing real-world assets but lamented the significant drop in interest...
Coinbase access in Kazakhstan blocked over illegal operations
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10 November, 2023

Coinbase access in Kazakhstan blocked over illegal operations

Kazakhstan is prohibiting access to Coinbase due to violations of digital asset laws, citing specific provisions prohibiting unsecured assets and...
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