What is Quantum Computing? Quantum computing is an emerging technology that harnesses the laws of quantum mechanics in order to solve complex problems that classical computers cannot handle. Unlike the computers we use now, which use bits to represent data, quantum computers use quantum bits, also known as ‘qubits,’ to represent data. Due to a […]
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 […]
Menlo Park, California Wednesday, August 09 – Hot on the heels of DoorDash integrating AI tech into their App, Uber Technologies Inc. also claimed it was developing an AI-powered chatbot to integrate into its app, Bloomberg reported on August 4. By taking this action, Uber will become one of the companies incorporating the language tool […]
SAN FRANCISCO, Thursday, July 25, 2024-Alphabet, Google’s parent company, reported better-than-expected quarterly earnings Tuesday, boosted by strong growth in digital advertising and cloud computing. Alphabets Q2 reports can be accessed here. According to the report revenue climbed 14% to $84.74 billion in the April-June period, topping Wall Street forecasts. Net income jumped 28.6% to $23.6 […]
San Francisco, Friday, September 27, 2024-OpenAI CEO Sam Altman has firmly denied reports suggesting that he plans to receive a substantial equity stake in the company. During an all-hands meeting on Thursday, Altman addressed investor concerns, stating that the claims are “just not true.” His comments come at a time when OpenAI is navigating leadership […]
New York, Tuesday July 30, 2024— Wall Street is poised for a significant week as Amazon, Apple, Meta Platforms, and Microsoft, collectively valued at nearly $9 trillion, prepare to report their quarterly earnings. These tech giants, whose stock movements heavily influence market trends, are expected to play a crucial role in shaping investor sentiment. Investors […]
The new economy is upon us. The digital world has forever changed the way we communicate and do business. Social media has driven companies to connect with their target audience to stay ahead of the curve with marketing campaigns and brand identity. Companies need an online presence to remain competitive in today’s market, and services […]
Cupertino, California, Tuesday, June 11, 2024- Apple’s annual Worldwide Developers Conference (WWDC), which started yesterday (June 10), in Cupertino, California had one big unApple thing-more customizable UI on its iPhone OS. The tech giant kicked things off with a keynote event touting the new features that are coming to its devices running on iOS 18, […]
San Francisco, Thursday, September 12, 2024-Apple on Monday introduced its latest smartphones, the iPhone 16 Pro and iPhone 16 Pro Max. Apple officially launched the highly anticipated iPhone 16 series at the Glowtime Event 2024, held at its Cupertino Park headquarters in California on Monday. Reviews of the devices are yet come The new phone was met […]
Ethereum… the brainchild of Vitalik Buterin, has and continues to change the digital landscape by providing an all-in-one platform for the creation of decentralized finance (DeFi) applications, decentralized exchanges (DEXs), and the issuance of non-fungible tokens (NFTs). At the heart of Ethereum is the Ethereum Virtual Machine (EVM), a virtual machine that runs smart contracts […]
Canberra, Friday, September 06, 2024 – Australia has introduced a non-legally binding artificial intelligence (AI) framework aimed at ensuring ethical and responsible AI use. Released Wednesday, the guidelines outline ten principles focused on risk management, transparency, human oversight, and fairness. Though voluntary, the framework is modeled after international standards, especially the European Union’s. The guidelines […]
Singapore, Wednesday, August 28, 2024- Bitget has announced that it had introduced a new feature that allows users to create and access their crypto wallets using Telegram accounts. This update, utilizing keyless MPC technology, eliminates the need for users to manage private keys, enhancing both security and user experience. This comes in the aftermath of […]
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 […]
What exactly is a Blockchain Bridge? Blockchain, by nature, is closed off and exists as an isolated ecosystem. This is a major bane for the development of the blockchain industry as a whole, as it prevents the pooling of resources and achieving synergy. Imagine a blockchain bridge as a virtual connection that allows different blockchain […]
What is a Blockchain Oracle? Those who enjoy Greek mythology should be familiar with “Oracle.” Just like the oracles mentioned in ancient texts acted as a bridge between divine wisdom and the real world, blockchain oracles bridge real-world data to blockchain networks. In other words, oracles are lines of code that allow on-chain and off-chain […]
Blockchain has proven to be a revolutionary technology that has the potential to change the way we live and do business. It’s a decentralized, immutable, distributed, public ledger of transactions containing digital records which are grouped together in blocks and then linked together to form a chain. This makes it possible for multiple parties to […]
New York, Wednesday, August 21, 2024- A malicious Chrome extension labeled “Bull Checker” has been targeting Solana decentralized finance (DeFi) users, draining their wallets by exploiting a seemingly legitimate interface. The issue was first identified by Jupiter Exchange on August 19, 2024, following reports from affected users. The extension, disguised as a meme coin tracker, […]
London, Tuesday, November 28-European technology companies have faced a harsh reality, witnessing a nearly 50% decrease in funding in the third quarter of 2023 compared to the same period last year, reports said last week.According to data from PitchBook, venture capital investment in European startups amounted to €33.2 billion in the third quarter, down from […]
New York, Saturday, September 14, 2024- The Commodity Futures Trading Commission (CFTC) has announced new partnerships aimed at tackling the growing issue of “pig butchering” scams within the cryptocurrency space. This type of scam, which has increasingly replaced traditional Ponzi schemes, involves fraudsters cultivating deceptive romantic relationships with victims to persuade them to invest in […]
Beijing, China, Monday, April 1, 2024 – The technological rivalry between the United States and China intensified last week as Beijing restricted government agencies from using American hardware and software, according to the safety list published by China Information Technology Security Evaluation Centre. The announcement was issued in December 2023. According to the Financial […]
BEIJING, Tuesday, December 21 – China has unveiled its strategy for Web3, the emerging concept of a decentralized internet, choosing to embrace its technological potential while maintaining strict control and avoiding involvement with cryptocurrencies, according to a government statement. In contrast to neighboring Hong Kong’s ambition to become a hub for virtual assets, China’s Web3 […]
Washington, DC, Tuesday, April 9, 2024 – Despite efforts by Washington to limit their presence, the number of Chinese-manufactured internet-connected devices on U.S. corporate networks continues to rise, according to a report shared exclusively with Axios April 2. The following report is compiled using the above report. As tensions escalate between the U.S. and China, […]
New York, Tuesday, September 17, 2024-CleanSpark, a U.S.-based Bitcoin mining company, has announced the acquisition of seven mining facilities in the Knoxville, Tennessee area. The purchase is expected to increase CleanSpark’s total hashrate by 22%, significantly expanding its operations. The facilities, bought from Exponential Digital for $27.5 million, will contribute 85 megawatts (MW) of energy […]
The Effects It Will Have on the Uptake of Web 3 The phrase Web3 refers to the next internet paradigm in which users may communicate with decentralized applications (dapps) that operate on blockchain networks. Transparency, security, privacy, and ownership of data and assets are just a few of the benefits that Web3 provides. Web3 does, […]
What is the Cosmos Hub and How Does it Work? The Cosmos Hub aims to become the internet for blockchain, which is expected to lead to the widespread use of blockchain technology. It is an open-source project to connect various blockchains to create a faster, interoperable, scalable, and low-fee hub. The Cosmos Network ecosystem is […]
New York, Wednesday, July 31, 2024— CrowdStrike Holdings Inc. partners estimate a 20% reduction in new bookings for the second half of the year following a significant tech outage, according to a report by Morgan Stanley. The cybersecurity firm’s partners reported disruptions in their operations due to the outage, which occurred earlier this month and […]
New York, Monday, September 16, 2024-The cryptocurrency industry has emerged as the second most targeted sector for identity fraud in Q2 2024, according to a report by AU10TIX released on September 11. The report reveals that nearly 29% of global identity fraud attempts targeted crypto platforms, trailing only the payments sector, which accounted for 52% […]
New York, Sunday, September 15, 2024 –A new Chainalysis report reveals a troubling surge in cryptocurrency-related scams in 2024. The research highlights that 43% of illicit crypto inflows have gone to wallets activated this year, a significant increase from 29.9% in 2022. The report indicates a shift from long-term Ponzi schemes to more targeted frauds, […]
Finding a company that doesn’t use blockchain will be challenging in the future. it is not just for cryptocurrencies anymore. Blockchain has the potential to change many industries and even our society. Blockchain technology can be used in various industries to create trust between two parties when exchanging goods or services. This is because it […]
SingularityNET is a decentralized AI marketplace that leverages Blockchain technology to provide open access to algorithms and applications. It aims to develop Artificial General Intelligence (AGI) with extensive capabilities. Founded in 2017 by Dr. Ben Goertzel and Dr. David Hanson, the platform gained attention through Sophia, a humanoid robot created by Hanson Robotics. While Sophia’s […]
Imagine a market where you usually go to buy groceries. Multiple vendors will sell different types of goods, and they may have their own union or a local government body to regulate and oversee operations. Each vendor has their own prices, supplies, reputation, and quantity. What if there was a marketplace for digital assets where […]
In a highly digitised society, digital identity is more important than one’s physical identity. The irony is that today we do not own our digital identity and our digital identities are held by trust corporations and third parties. Digital identity and decentralized identity are two different approaches to managing a person’s digital identity. A digital […]
Blockchain oracles are a vital part of blockchain infrastructure that has and continues to connect Web3 with the physical world. Blockchains are closed off by nature and can only access native on-chain data, severely limiting their scope of use and functionality. To overcome this challenge, decentralized oracle networks (DONs) provide a decentralized and trustless mechanism […]
NEW YORK, Wednesday, July 31, 2024- Delta Air Lines is considering legal action against CrowdStrike and Microsoft following a massive technology outage earlier this month that grounded thousands of flights and caused widespread disruption across multiple industries, reports said. The airline has hired prominent attorney David Boies to explore potential damages claims after suffering hundreds […]
Meta Connect, in partnership with EssilorLuxottica, has announced its next-generation Ray-Ban Meta smart glasses collection. Starting at $299, this pair of smart glasses has new and improved features aimed at content creators. The Meta Ray-Ban smart glasses will be available for purchase starting October 17. These new glasses, known as the Ray-Ban Meta collection, were […]
San Fransico, September 9, 2024- Tesla CEO Elon Musk could become the world’s first trillionaire by 2027, according to a report from Informa Connect Academy. In addition to Musk, other billionaires are also forecasted to join the trillionaire club in the near future. Nvidia CEO Jensen Huang, Adani Group founder Gautam Adani, and Barito Pacific […]
Ethereum is one of the most popular cryptocurrencies. It has been around for a while but has seen massive growth in 2017. Whether you’re just getting acquainted with it or are a seasoned pro, there’s a lot you probably don’t know about it. To help clear up some common misconceptions, we will go over what […]
EU Launches Antitrust Probe into Meta, Google, Apple, and Amazon, Warning of Potential 10% Annual Turnover Fines Brussels, Monday, April 01, 2024-The European Commission announced On March 25 that it had launched antitrust investigations into Apple, Google, and Meta for potential violations of the bloc’s new Digital Markets Act (DMA). The DMA, which took effect […]
Brussels, Tuesday, April 16, 2024 – The European Union on Monday, April 8 announced that it was lifting the sanctions on Iranian tech startup ArvanCloud, saying it no longer sees a need to keep them in place. The EU had accused the company of involvement in Tehran’s internet crackdown in November 2022 and imposed the […]
Luxemberg, Tuesday, September 10, 2024-In a significant legal ruling, the European Union’s (EU) highest court has upheld a €2.4 billion fine imposed on Google today. The fine, originally levied by the European Commission, stems from an antitrust investigation into Google’s practices. The court’s decision confirms the penalty for Google’s alleged abuse of its dominant position […]
BRUSSELS, Tuesday, December 12, 2023 – The European Union has agreed on the world’s strictest rules for artificial intelligence, in a landmark move that could shape the development and deployment of the technology globally. The AI Act, which was approved by EU lawmakers after months of negotiations, sets out a risk-based framework for regulating AI […]
BRUSSELS, July 31, 2023 – The European Union’s proposed regulation of artificial intelligence (AI) is sparking debate, with some experts arguing that it is too restrictive and others saying that it is not strict enough. The proposed regulation, known as the AI Act, would classify AI systems according to their risk level and impose different […]
We live in a digital era where the internet has become an essential part of our lives, connecting us with people worldwide. However, while seven out of ten people on the planet have internet access, millions remain unconnected. So how can we connect the rest? This a question that almost every network provider has been […]
In the era of Web 3.0, we are exploring the use of Blockchain technology and have witnessed the advancements of Smartphones; what if both worlds merge? Similar to an Android or iPhone, web 3.0 phones can be loaded with native dApps, be used as a wallet, create Non-Fungible Tokens, and many more endless Web 3.0 […]
New York, Thursday, September 05, 2024- The FBI issued a warning Tuesday on North Korean cyber operations targeting the cryptocurrency sector. In the announcement, the FBI detailed North Korea’s use of social engineering tactics to deploy malware and steal digital assets. According to the FBI the Democratic People’s Republic of Korea (DPRK) has reportedly focused […]
NEW YORK, December 4, 2023 – Forbes, the global media brand synonymous with business and finance, said it would take to Web3 with a series of gamified campaigns powered by Galxe, a leading platform for building Web3 communities. This partnership marks a significant step for Forbes as it seeks to engage its audience and unlock […]
NFTs are unique digital assets that confirm ownership and authenticity of data. Unlike interchangeable cryptocurrencies like Bitcoin and Ethereum, where any two coins are identical to each other, NFTs are not exchangeable. NFTs have gained popularity in various sectors, from Art to Virtual Real Estate. NFTs are created using blockchain systems like Ethereum and Binance […]
New York, Friday, August 09, 2024- A US district court has ordered cryptocurrency exchange FTX and its sister company Alameda Research to pay $12.7 billion to fraud victims, marking the largest recovery in the history of the Commodity Futures Trading Commission (CFTC). The ruling was issued by the U.S. District Court for the Southern District […]
KUALA LUMPUR, Malaysia, Tuesday, June 11, 2024 – Google announced a $2 billion investment plan on Thursday to establish its first data center and Google Cloud region in Malaysia. This move signifies Google’s commitment to Southeast Asia’s burgeoning tech market and aligns with Malaysia’s ambitions to become a regional digital hub. The investment comes amidst […]
WASHINGTON, August 6, 2024 – A federal judge ruled that Google violated U.S. antitrust law by maintaining a monopoly in the search and advertising markets, marking a significant victory for the Department of Justice (DOJ).Google has said it would appeal. The ruling. In his decision, Judge Amit Mehta found that Google has leveraged its dominance […]
San Francisco, Monday, September 9, 2024- Google’s ad tech business is under intense scrutiny as a major trial gets underway today. The U.S. Department of Justice (DoJ) is challenging Alphabet, Google’s parent company, on allegations that it operates an illegal monopoly in the digital advertising market. The case, set to be heard by U.S. District […]
WINNIPEG, Manitoba, Saturday, July 27, 2024- HIVE Digital Technologies Ltd. It announced on July 23 that it was expanding its Bitcoin mining operations into Paraguay.HIVE’s announcement can be read here. The new facility, expected to consume 100 megawatts of electricity, will double HIVE’s mining capacity. The company says it plans to source power from the […]
Hong Kong, Tuesday, September 24, 2024-The Hong Kong Monetary Authority (HKMA) launched the second phase of its e-HKD pilot on Monday (September 23), focusing on tokenization, offline payments, and programmability. Dubbed “Project e-HKD+,” this phase brings together 11 groups, including major financial players like Bank of China, Hang Seng Bank, HSBC, Visa, and Mastercard. The […]
Avalanche platform Avalanche is a heterogeneous blockchain network that rivals Ethereum. It’s well known because of its scalable solutions, interoperability, and transaction speeds. It can process about 4,500 transactions per second. whereas Ethereum can only process about 30 transactions per second. It uses a novel approach utilizing three separate blockchains under its primary chain to […]
Canberra, Thursday, July 25, 2024- HSBC Australia has abruptly blocked all customer transactions to cryptocurrency exchanges, citing a surge in scam activity. The move, which took effect on July 24, 2024, restricts both bank transfers and credit card payments to crypto platforms. The bank claims the decision is to protect customers from financial losses. The […]
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 […]
New Delhi, Thursday, September 12, 2024- India remains the top country for cryptocurrency adoption, according to Chainalysis’ 2024 Global Crypto Adoption Index released a while ago.The Chainanalysis report can be seen here. This marks the second consecutive year that India has ranked first, surpassing countries like Nigeria, Indonesia, the United States, and Vietnam. Chainalysis analyzes […]
New York, September 8: ConsenSys, which owns Infura, said on its website that Infura would release a decentralized version of its service by the end of 2023. This decentralization would be operated by multiple entities, making it resilient to outages. Infura is a blockchain infrastructure-as-a-service (IaaS) platform that provides developers with access to Ethereum and […]
PoH is a newly developed consensus mechanism engineered by Anatoly Yakovenko, the founder of Solana Labs. Solana’s PoH is all about making sure that in a blockchain, the order of events matters as much as the events themselves. To do this, it uses a tool called Verifiable Delay Function (VDF) to record when each event […]
Until a few years ago, Artificial Intelligence or AI felt like something only in the movies or something that won’t come around anytime soon. But unbeknownst to the general public, there has been major research and development in the field of AI. The research mentioned above has come to fruition and taken the digital world […]
Understanding L2 Blockchains and Their Importance Layer 2 blockchains (L2 Blockchains) are a method to improve the scalability and performance of blockchains without sacrificing their security or decentralization. This is done by offloading some of the computational and transactional load from the primary blockchain, Layer 1, to a secondary layer. This makes it possible to […]
The digital age has changed how we live and operate. From social media to e-commerce, the digital world has given us access to information and opportunities previously limited to a selected few. With its vast array of uses outside of currency and payments, the digital economy is now called the Blockchain Economy. The blockchain is […]
New York, Friday, September 06, 2024- Apple’s highly anticipated iPhone 16 event is set for Sunday September 9, where the tech giant is expected to unveil its latest smartphone lineup, as well as iOS 18 and Apple Intelligence. The event, themed “It’s Glowtime,” will be livestreamed at 10 a.m. PT on Apple’s website and YouTube. At […]
Washington, Tuesday, September 10, 2024 – Vice President Kamala Harris unveiled her policy positions for her presidential campaign yesterday, but the list notably excludes any mention of cryptocurrencies, reports said. While Harris has committed to supporting “American innovation and workers,” focusing on sectors like artificial intelligence, she has remained silent on the growing cryptocurrency industry […]
The Power of LinkedIn and Microsoft Entra Collaboration When you meet a professional contact for the first time online in the digital age, you need more trust indicators to boost your confidence that they are who they claim to be. Recruiters and professionals have long struggled with the difficulty of workplace verification. Inaccurate or false […]
LONDON, Monday, May 27, 2024- The London Stock Exchange (LSE) will commence trading for exchange-traded notes (ETNs) based on Bitcoin (BTC) and Ether (ETH) tomorrow Tuesday, May 28, 2024. It is important to note that participation in this market will be limited to professional investors. The London stock Exchange announced in March. The move follows […]
NEW YORK, DC, Thursday, August 15, 2024- Marathon Digital Holdings, one of the largest Bitcoin miners, has acquired $249 million worth of Bitcoin following a $300 million note sale aimed at expanding its business. The company announced on August 14 that it used part of the proceeds to purchase approximately 4,144 Bitcoins at an average […]
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 […]
Remember the days when you’d walk into a record store, pick up a vinyl record or a compact disc, and hold in your hands the tangible embodiment of your favorite music? The good old days when you would exchange games with friends? Those albums and CDs were more than just carriers of songs; they were […]
Thursday, June 20, 2024 – Recall that the AI-powered feature of tracking a computer’s web data will not be initiated by Microsoft with the Copilot+PC launch on June 18, 2024, due to privacy risks; instead, it will be a preview with the WIP community, Reuters announced on June 15, 2024. The user activities, starting from […]
REDMOND, Wash. Wednesday, August 7, 2024 — Microsoft has alerted its Windows 10 users to a significant security threat, urging them to upgrade to Windows 11 before support for Windows 10 ends on October 14, 2025. The company warns that 70% of Windows users are at risk due to a 2018 vulnerability in the Microsoft […]
New York, Wednesday, September 25, 2024-MicroStrategy’s financial profile could significantly strengthen as the company continues to expand its Bitcoin holdings and explore potential yield-generation strategies through lending, a report by Benchmark said. Reports said that last week MicroStrategy (MSTR) purchased 7,420 Bitcoin for $458 million, bringing its total Bitcoin holdings to 252,220 BTC, valued at […]
Paris, France, Friday, December 8, 2023- In a major boost for Europe’s expanding artificial intelligence (AI) scene, The French company, Mistral, announced a €2 billion valuation following its recent funding round. The hefty price tag, which includes the money raised, pushes the Paris-based company to the forefront of the global AI race and is seen as […]
NEAR Foundation is an organization focused on supporting the social process as part of a redistributed system. As time passes, the mission of NEAR is to continue expanding as more resources will be made available through ecological and local financial resources. NEAR’s Vision of the Future: The foundation aspires to nurture the ecosystem’s development by […]
LOS ANGELES, Saturday, September 30: Netflix shipped its last DVD on Friday, September 29, marking the end of an era for the company that helped change home entertainment. Netflix now has about 238 million subscribers worldwide, and most subscribers watch content via streaming.(Q2 2021)The DVD-by-mail service now has fewer than 1 million subscribers. As of […]
Wellington, Thursday, September 12, 2024-New Zealand introduced a new tax bill on September 8 that includes the introduction of the Organization for Economic Cooperation and Development (OECD) crypto reporting framework. Titled the Omnibus Taxation (Annual Rates for 2024-2025, Emergency Response, and Remedial Matters) Bill (Bill), had its first reading on 29 August 2024. The Bill makes a […]
How The Next Generation Wearables Would Empower Metaverse The Metaverse and wearables are two interconnected concepts. These two concepts play a prominent role in the realm of Virtual experiences. The Metaverse mainly refers to a virtual living space or a digital space where people can interact. Additionally, they can also interact with computer-generated environments in […]
Have you ever wondered what owning an authentic art piece in a virtual world would be like? Questions like “How would you claim ownership?” or “How would you validate your ownership?” would immediately pop into your mind. The concept of ownership and authenticity in the digital world is complex. In the physical world, claiming ownership […]
SAN FRANCISCO, Thursday, June 20, 2024- In a significant shift within the technology sector, chipmaker Nvidia on Tuesday surpassed Microsoft to become the world’s most valuable company by market capitalization. In June first week Tesla CEO Elon Musk also pledged that he would buy USD 9 bn worth of chips from Nvidia. On June 13, […]
SAN FRANCISCO, CA, Friday, May 31, 2024– Popular tech giant leading in the AI technology OpenAI, said on its blog post on Thursday, May 30 that it had foiled five covert influence operations (IO) attempting to misuse its AI models in the past three months. The disrupted operations originated from various countries, including Russia, China, […]
SAN FRANCISCO, Friday, July 26, 2024- OpenAI unveiled a new search engine prototype on Thursday that aims to challenge Google’s dominance by using artificial intelligence to provide quick, accurate answers to user queries. SearchGPT, as the tool is called, is designed to combine the power of AI with real-time web data to deliver more relevant […]
New York, Thursday, September 26, 2024-PayPal has announced a major expansion in its cryptocurrency services, allowing U.S. business accounts to buy, sell, hold, and transfer digital assets.PayPal’s announcement can be reached here. The move, part of PayPal’s growing digital presence, will soon enable millions of merchants across the United States to use cryptocurrencies more freely […]
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 […]
SIM (Subscriber Identity Module) cards were first introduced in the year 1991 by Munich smart-card maker Giesecke+Devrient. They remained relatively unchanged with respect to their functionality, with only their size getting smaller every couple of years, to the point where physical SIM cards are going extinct in favor of E-SIM technology. However, SIM cards have […]
TBILISI, Georgia, Monday, June 17, 2024 – Financial technology firm Ripple met with representatives of the National Bank of Georgia (NBG) on June 8 to explore avenues for digitizing the country’s economy, according to a LinkedIn post from the NBG. The meeting involved NBG Acting Governor Natia Turnava and Varlam Ebanoidze, head of the bank’s […]
REDWOOD CITY, Calif. and Redmond, Wash. (Nov. 20, 2023) – Sam Altman, the former CEO of OpenAI, has joined Microsoft as the head of a new in-house AI team. The announcement comes just days after Altman was unexpectedly ousted from OpenAI in a corporate shakeup that shocked the artificial intelligence world. The news closely follows […]
San Francisco, Thursday, September 26, 2024 –CEO of OpenAI Sam Altman is set to receive equity in the company for the first time as part of a significant restructuring, reports say. OpenAI, the company behind ChatGPT, is going through a restructuring process from a non-profit to a for-profit benefit corporation. While the non-profit entity will […]
Introduction to Sands Metaverse Gaming Platform The winds of gaming are shifting, transporting us past pixelated screens and into the vast expanse of the metaverse. This rich, interwoven network of virtual worlds promises to transform not only how we play, but also how we create, interact, and own in the digital sphere. In this fascinating […]
New York, Thursday, December 7– SBI Holdings of Japan and Saudi Aramco of Saudi Arabia, announced significant investments in Ripple Labs, the blockchain technology company best known for its payment protocol, RippleNet. The move is seen as a major validation for Ripple and its ambitions to revolutionize cross-border payments and asset transfers. However, the details […]
New York Thursday, August 22, 2024-SnapChat and Meta are set to reveal their latest augmented reality (AR) glasses in September, marking a significant step in the ongoing race to dominate the AR market, reports said. Snap Inc. will debut its fifth-generation ‘Spectacles’ AR glasses on September 17 during its annual Partner Summit in Los Angeles, […]
Paris, France, Tuesday, December 18, 2023 – In a first for the financial industry, Societe Generale, the French banking giant, issued a €10 million green bond directly on a public blockchain on Monday, December 4. This move, a three-year senior preferred unsecured bond, utilizes Societe Generale’s dedicated blockchain platform, SG-Forge, and registers the bond on […]
DENPASAR, Bali, Indonesia, Monday, May 20, 2024- SpaceX launched its Starlink satellite-based broadband internet service in Indonesia on Sunday, May 19, 2024. Elon Musk, the CEO of SpaceX and Tesla, arrived in Indonesia on Sunday to launch the internet service in the world’s largest archipelago nation. Starlink aims to provide affordable access to high-speed internet […]
Toronto, Canada, Wednesday, August 28, 2024- A new study has linked cryptocurrency ownership to certain personality traits, including psychopathy, narcissism, Machiavellianism, and sadism. Researchers at the University of Toronto and the University of Miami surveyed 2,001 American adults to examine the relationship between cryptocurrency ownership and various psychological and social characteristics. However, the researchers cautioned […]
Brussels, Monday, April 1, 2024-The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global messaging network for banks, is gearing up to launch a new platform for central bank digital currencies (CBDCs) within the next 12 to 24 months, according to a Press release issued by SWIFT. Earlier in September 2023, SWIFT completed a six-month […]
From the beginning, efficiency and scalability were the two major issues raised over the Bitcoin blockchain network. ‘SegWit,’ also known as “Segregated Witness,” is a soft fork utilized in the Bitcoin blockchain to increase the number of transactions that can occur simultaneously. This update was referred to as the Civil War since there were many […]
Paris, France – Monday, August 26, 2024-Pavel Durov, the CEO and co-founder of the popular messaging app Telegram, was arrested by French authorities at Le Bourget Airport on Thursday. The arrest stems from an ongoing investigation into Telegram’s moderation practices and its alleged failure to address illegal content such as drug trafficking, child sexual abuse […]
PARIS, Thursday, August 29, 2024- — Telegram CEO Pavel Durov who was arrested last week in France, was indicted by a French court yesterday (Wednesday) on charges including “complicity in the spread of sexual images of children” and drug trafficking, Bloomberg reported. Durov, who was taken into custody earlier in the day as part of […]
Introduction Gas is simply known as a metric that Ethereum utilizes to measure the computational resources necessary for executing a transaction or smart contract on its network. It plays a crucial role in determining the cost of executing transactions and smart contracts on the Ethereum blockchain. In this article, we’ll explore what gas prices are […]
Apple announced the Apple Vision Pro on June 5, 2023, at its Worldwide Developers Conference (WWDC) in San Francisco, California. The headset is scheduled to be released in early 2024 in the United States and later that year internationally. The Vision Pro is Apple’s first product in another major category since the Apple Watch in […]
Menlo Park, California, Friday, August 04 – Meta Platforms Inc. CEO Mark Zuckerberg said on Friday that the company’s Threads app will soon have search and web functions. Zuckerberg made the announcement in a post on Threads, a short-form messaging app that is designed for close friends and family. He said that the new features […]
Binance, Bybit Suspend Trading on TON New York, Wednesday, August 28, 2024- The Open Network (TON) blockchain faced a major disruption on Wednesday, halting the validation of new transactions for over six hours. The team attributed the issue to an unusually high load on the network, which prevented several validators from cleaning the database of […]
TOKYO, Wednesday, July 24, 2024- Toyota Motor Corp. is exploring the use of Ethereum blockchain technology to manage vehicle data and potentially transform how cars are owned and used. “Toyota Blockchain Lab suggests developing a MOA (Mobility-Oriented Account) based on Ethereum ERC-4337 to ensure that the account itself can be retained even if the private […]
New York, Monday, September 02, 2024- Presidential candidate Donald Trump, along with his family and associates, is deepening his involvement in the cryptocurrency world, with a new focus on decentralized finance (DeFi) and non-fungible tokens (NFTs). Recently, Trump has been promoting World Liberty Financial, a DeFi project aimed at eliminating traditional financial intermediaries like banks. […]
London, UK, Monday, February 19, 2024 – The UK economy officially entered a technical recession in the final quarter of 2023, according to data released on February 15 by the Office for National Statistics (ONS). Gross domestic product (GDP) contracted by 0.3% following a 0.1% decline in the previous quarter, marking the first back-to-back decrease […]
In recent years, the popularity of cryptocurrencies has surged dramatically, attracting a growing number of individuals and businesses who are keen to invest in digital assets. However, concerns regarding the environmental impact of cryptocurrencies have emerged due to the significant energy consumption associated with conventional mining methods. For instance, in 2022 alone, bitcoin mining consumed […]
Singapore, Thursday, November 30– The United Nations Development Programme (UNDP) has announced a partnership with the Algorand Foundation to equip over 22,000 UNDP employees globally with comprehensive knowledge and practical skills in blockchain technology. The partnership aims to leverage the transformative potential of blockchain for sustainable development and accelerate the implementation of the UN’s Sustainable […]
CUPERTINO, California, Tuesday, January 16, 2024 – The long-awaited Apple Vision Pro headset, Apple’s first major new product category since the Apple Watch in 2015, will finally hit store shelves on February 2nd, 2024, reports said. The mixed-reality device, unveiled at WWDC 2023, sparked extensive industry buzz, and pre-orders began on January 19. The Vision […]
Introduction: Understanding the Basics of Blockchain Layer 3 Blockchain technology has progressed tremendously over the years, giving birth to a multi-layered design to boost speed and scalability. At the core of this design is the notion of blockchain Layer 3, a critical component that extends the capabilities of the blockchain protocol. In this post, we […]
Virtual reality (VR) emulates a real or imagined world through computer-generated environments. These artificial settings, crafted with software, aim to immerse users fully by replicating a realistic experience. Some instances go beyond mere representation, allowing users to suspend disbelief and perceive the virtual environment authentically as accurate. The human brain relies heavily on vision to […]
WASHINGTON, Friday, August 02, 2024- A US appeals court on Thursday temporarily blocked the Federal Communications Commission’s (FCC) attempt to reinstate net neutrality rules, dealing a significant blow to President Joe Biden’s efforts to revive regulations scrapped under the Trump administration. The Sixth Circuit U.S. Court of Appeals ruled that broadband providers are likely to […]
Washington, D.C. Thursday, December 7 – Another milestone was achieved in the U.S. House of Representatives on December 7, as a crypto bill secured unanimous approval from a committee. The proposed legislation aims to instruct the U.S. Secretary of Commerce to actively endorse and support blockchain technology. The House Committee on Energy and Commerce unanimously […]
New York, Wednesday, August 6, 2024- The seven most valuable U.S. tech companies lost a combined $1 trillion in market value at the start of trading on Monday, deepening a market downturn that has pushed the Nasdaq into correction territory. The tech-heavy index dropped more than 3% following its steepest three-week slide in two years, […]
SAN FRANCISCO, Tuesday, July 30, 2024- Visa Inc. has successfully deployed artificial intelligence to prevent a staggering $40 billion in fraudulent transactions over the past year, a company executive said Thursday. The payment giant’s use of AI and machine learning has been instrumental in combating a surge in cybercrime that has nearly doubled in recent […]
SINGAPORE, Thursday, August 29, 2024- Indian cryptocurrency exchange WazirX has requested a six-month moratorium from the Singapore High Court following a $234 million hack in July. The court filing seeks protection while the company restructures its liabilities and develops a recovery plan for users affected by the cyberattack. WazirX’s Singapore-incorporated parent, Zettai Pte, stated that […]
Seoul, Friday, December 22, 2023- South Korean gaming giant Wemade and Singapore-based technology investor Whampoa Digital announced in December last week that they had joined forces in a strategic partnership aimed at boosting the Web3 landscape in the Middle East. This collaboration will see the establishment of a $100 million Web3 fund by Wemade, specifically […]
Humans wrap themselves in different materials to explore different environments. For example, divers put on wetsuits, while astronauts wear spacesuits. Similarly, cryptocurrencies require a form of wrapping to venture off into other blockchains. Hence Cardano cBTC. What is Cardano cBTC? Cardano cBTC is a cryptocurrency that is built on the Cardano blockchain and is a […]
The Ethereum Request for Comment (ERC) serves as a technical protocol that proposes modifications or enhancements to the Ethereum network. It provides developers with a set of technical specifications or instructions that can be used to create applications and smart contracts that operate on the Ethereum network. ERCs are developed and maintained by the Ethereum […]
Virtual worlds were once only seen in science fiction, but with technological advancements, these imaginative realms are becoming a tangible possibility. It may be soon that you or an avatar representing you can venture to the edge of the Milky Way with your companions while enjoying the comfort of your home through virtual reality.Most of […]
Exploring Palm Network’s Move to Polygon and What It Means for the Cryptocurrency Industry The recent partnership between Palm Network and Polygon Supernet has ignited a wave of excitement within the cryptocurrency world. This collaboration has the potential to bring about a significant transformation in terms of scalability and responsiveness, with a particular focus on […]
On July 5 2023, Meta, the parent company of Facebook and Instagram, unveiled its latest communication platform: Threads. This launch marked a significant milestone in the world of social media, drawing attention for several compelling reasons. Firstly, any new application introduced by Meta, the industry giant in the realm of social media, naturally piques curiosity […]
Zurich, Switzerland, Thursday, September 05, 2024- Zurich Cantonal Bank (Zürcher Kantonalbank or ZKB) yesterday announced that it had introduced trading and custody services for Bitcoin (BTC) and Ethereum (ETH) service for its retail clients and third-party banks. ZKB is ranked as the world’s second safest bank by Global Finance and is the fourth-largest bank in […]
Seoul, South Korea, Friday, September 27, 2024- Worldcoin Foundation and Tools for Humanity have been fined $850,000 by South Korean authorities for illegally collecting and transferring biometric data. The Personal Information Protection Commission announced the fine on Thursday, following an investigation into the collection of iris scans from nearly 30,000 users without proper consent or […]
London, July 24- Worldcoin, a cryptocurrency project founded by OpenAI (Better known by it ChatGPT) CEO Sam Altman, launched on Monday, July 24. The project aims to create a global digital identity system that uses iris scanning to verify the identities of users. Worldcoin users will be able to earn Worldcoin tokens by having their […]
Wednesday, June 19, 2024 – The Chinese-based semiconductor integrated device manufacturer, Yangtze Memory Technologies Corporation (YMTC), has recently announced the surge in demand for its flash memory chips among local customers. It is reported that YMTC’s flash memory chips are widely utilized for government and military-based projects. “YMTC has never supplied its technology or products […]
The need for privacy is increasing. People are worried about their personal data being exposed and getting hacked. This is worrisome for many because it could risk their jobs, titles, and even lives. The risks that come with a lack of privacy should not be taken lightly. Without privacy, individuals may find themselves exposed to […]
If you think of blockchain, you probably don’t imagine creating security tokens. Unfortunately, some companies or consortia have learned that designing their standards without foresight can lead to roll-your-own security tokens. It’s not easy to create a security token standard from scratch while piecing together code and documentation from various sources. That’s why many companies […]
NEW YORK, Wednesday, July 31, 2024– The Decentralized ZKX Protocol has ceased operations. The perpetual trading platform built on Starknet, platform announced the shutdown on Tuesday, citing low user engagement and declining trading volumes. The announcement can be seen here. Founded in 2021, ZKX aimed to create a scalable decentralized exchange. Despite securing $7.6 million […]