How the DAO Revolution is Transforming Businesses & Society Imagine you are part of an organization that has formed a committee with regulations. Everyone came together to create it. A document with the committee’s rules has been established and is accessible to all members. This document about DAO stipulates that the ultimate decision-making power lies […]

New York, Tuesday, September 17, 2024- Flowcarbon, the climate tech startup co-founded by Adam Neumann, has begun issuing refunds to investors after failing to launch its much-anticipated “Goddess Nature Token” (GNT). Launched in 2022 with $70 million in funding from investors like Andreessen Horowitz, Flowcarbon aimed to merge carbon credits with blockchain technology. However, the […]

NEW YORK, Wednesday, September 18, 2024- A consortium of tech giants and financial firms, led by BlackRock and Microsoft, has announced the formation of a $30 billion investment fund dedicated to artificial intelligence (AI) infrastructure, reports said. The Global AI Infrastructure Investment Partnership (GAIIP) will focus on building data centers and supporting power infrastructure, essential […]

WASHINGTON – The US Department of Transportation (DOT) has implemented a new rule from Wednesday, April 24 requiring airlines operating in the United States to offer cash refunds to passengers in the event of canceled flights. This rule applies to both domestic and international flights originating within the US. The rule also clarifies the timeframe […]

Luxumberg, Monday, September 16, 2024- Alphabet Inc.’s Google is under investigation by Europe’s Data Protection Commission (DPC) for potential breaches of the General Data Protection Regulation (GDPR) related to its artificial intelligence model, PaLM2. Launched in May 2023, PaLM2 is being scrutinized for its handling of personal data from EU and European Economic Area citizens. […]

Wednesday, June 19, 2024 – HSBC Bank in China recently announced that it would offer e-CNY services to corporate clients, according to report. The corporate clients are allowed to connect their bank accounts with digital yuan accounts for asset management, a statement said. Nord Anglia Education Group, a Chinese school management company in London, has […]

Beijing, China, Wednesday, August 28, 2024- IBM has announced significant layoffs at its research and development teams in China, sending shock waves through the local tech community. Over 1,000 employees across Beijing, Shanghai, and Dalian are expected to be affected by the closures of the China Development Lab and China Systems Lab. The decision comes […]

In the fast-expanding field of cryptocurrency and blockchain technology, Initial Coin Offerings (ICOs) and Security Token Offerings (STOs) have emerged as innovative fundraising approaches. The ICO or the STO are the Web 3 equivalents of stock market IPOs, except these use cryptocurrencies instead of Fiat money. These approaches have transformed the way firms and startups […]

SAN FRANCISCO, CA, October 10, 2023: Kraken, one of the world’s largest cryptocurrency exchanges, announced on October 5 that it had acquired Coin Meester B.V. (BCM), a Dutch crypto broker. The deal, which is expected to close in the fourth quarter of 2023, is expected to give Kraken a foothold in the Dutch market and […]

New York, Friday, September 13, 2024— Mastercard has agreed to acquire threat intelligence firm Recorded Future from Insight Partners for $2.65 billion. The acquisition will significantly bolster Mastercard’s cybersecurity capabilities, aligning with the company’s push toward expanding value-added services (VAS). This deal brings enhanced threat intelligence to Mastercard, which processed $9 trillion in gross dollar […]

TYSONS CORNER, Va., Tuesday, February 7, 2024- Business intelligence firm MicroStrategy surprised analysts by reporting a net income of $89.1 million for the fourth quarter of 2023. MicroStrategy is the largest corporate holder of Bitcoin and the largest independent publicly traded business intelligence company. MicroStrategy has continued its aggressive strategy of acquiring Bitcoin during the […]

Following the news that the Paxos Trust Company will stop issuing the stablecoin BUSD due to being instructed by the New York State Department of Financial Services (NYDFS), PayPal has allegedly delayed the launch of its own stablecoin, reported Bloomberg citing anonymous sources. Legislators and financial regulators have been calling for improved consumer protection, tax […]