Business

World Economic Forum report examines use cases, benefits of wholesale CBDC
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22 April, 2024

World Economic Forum report examines use cases, benefits of wholesale CBDC

While emphasizing the potential of CBDCs in enhancing payments and securities transactions, the World Economic Forum also identified a number...
Microsoft’s G42 deal shows US and China in AI cold war (that could get much hotter)
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22 April, 2024

Microsoft’s G42 deal shows US and China in AI cold war (that could get much hotter)

Microsoft made a $1.5 billion 'strategic' investment in G42, the UAE-based AI tech holding company, followed by behind-the-scenes negotiations with...
Digital shekel will compete with banks for deposits, payments: Bank of Israel
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22 April, 2024

Digital shekel will compete with banks for deposits, payments: Bank of Israel

A digital shekel will force commercial lenders to up their game and offer better and cheaper services, according to the...
South Africa issues digital currency licenses to Luno, VALR
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20 April, 2024

South Africa issues digital currency licenses to Luno, VALR

The Financial Sector Conduct Authority announced in 2023 that all VASPs had to obtain a license or shut down by...
India’s Blockchain for Impact allots $150,000 to IIT-Kanpur for advancements in healthcare
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20 April, 2024

India’s Blockchain for Impact allots $150,000 to IIT-Kanpur for advancements in healthcare

BFI will support IIT Kanpur in promoting entrepreneurial initiatives through the institute's SIIC, with the aim of developing solutions that...
Massachusetts AG releases AI advisory for enterprises amid soaring adoption rates
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19 April, 2024

Massachusetts AG releases AI advisory for enterprises amid soaring adoption rates

Massachusetts AG's advisory took swipes at the “false advertising” in AI and warned that AI firms engaged in deceptive marketing...