Unveiled recently by US Senators Jack Reed, Mike Rounds, Mark Warner, and Mitt Romney, a controversial bill aims to apply stringent anti-money laundering (AML) measures to the nascent domain of decentralized finance (DeFi). However, the Crypto Council for Innovation (CCI),
Kuwait, the Gulf state, has issued an absolute ban on all activities involving cryptocurrencies, such as Bitcoin, Ethereum, and Dogecoin, through several regulators. The announcement, made by Kuwait’s principal financial regulator, the Capital Markets Authority (CMA), on July 18, casts
Microsoft share price hit an all-time high after the tech giant announced new updates for its AI products, pushing the company to a $2.67 trillion market capitalization. On Tuesday, July 18, the company announced a subscription service for Microsoft 365
In an open letter 1,300 IT experts have rebuffed claims that advanced AI will destroy humanity. The British Computer Society (BCS), the U.K.’s Chartered Institute for IT, organized the message in response to growing fears that the technology will ultimately
Apple Inc. is reportedly developing its own AI chatbot known as ‘Apple GPT’ to rival OpenAI’s ChatGPT and Google’s Bard, Bloomberg News reported. Shares of Apple rose as much as 2% in Nasdaq stock market trading after the news. Apple
Meta’s newest offering – Threads has trailed rival Twitter’s path introducing rate limits among the many fresh new updates expected to improve user experience. Prior to the updates, on initial launch, users experienced challenges, especially with regards to uploading images
Ripple’s XRP continues to rise despite a broader crypto downturn, defying the bearish trend. This boost has primarily been attributed to the outcome of Ripple vs SEC lawsuit as anticipation for a possible settlement conference grows. Following the partial ruling
The Australian subsidiary of Sam Bankman-Fried’s cryptocurrency exchange, FTX, is facing significant challenges as the country’s regulator, the Australian Securities and Investments Commission (ASIC), has canceled its local financial services license. This move comes after revelations of substantial financial misconduct,
Futureverse, a frontrunner in the AI and metaverse industry, recently announced the successful conclusion of its Series A funding round, raking in $54 million. The leading investors were 10T Holdings, LLC (“10T”), with a notable contribution from Ripple, a currency
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