Business

Indian banks to boost volume of CBDC transactions through incentives
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2 November, 2023

Indian banks to boost volume of CBDC transactions through incentives

With cashbacks and reward points, the Reserve Bank of India and other participating banks are hoping for a higher digital...
Hong Kong forms CBDC expert group emphasizing interoperability, privacy
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2 November, 2023

Hong Kong forms CBDC expert group emphasizing interoperability, privacy

Hong Kong has established an expert group for central bank digital currency comprised of academics who will focus on research,...
Do Kwon, Terraform Labs ask judge to dismiss SEC lawsuit
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2 November, 2023

Do Kwon, Terraform Labs ask judge to dismiss SEC lawsuit

Following a lengthy investigation into the Terra collapse, Terraform Labs and Do Kwon filed a motion to dismiss the SEC...
UN wants to harness AI potential for ‘common good’ via new advisory body
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1 November, 2023

UN wants to harness AI potential for ‘common good’ via new advisory body

The United Nations has unveiled a new advisory body for artificial intelligence (AI), aiming to harness its potential for global...
US judge sides with generative AI over artists in potentially precedent-setting ruling
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1 November, 2023

US judge sides with generative AI over artists in potentially precedent-setting ruling

Citing a lack of evidence, Judge William Orrick described the case filed against Midjourney, DeviantArt, and Stability AI, as "defective...
PROOF Act: US senators introduce bipartisan proof of reserves bill
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1 November, 2023

PROOF Act: US senators introduce bipartisan proof of reserves bill

Under the U.S. bipartisan bill PROOF Act, the results of monthly PoR inspections would be submitted to the Department of...