Tag Archives: News

The Bank of England (BoE) has made extensive research on the best format for developing a digital pound to supplement the fiat system. The Bank of England (BoE) is working on re-establishing the pound as the preferred global reserve currency through a Central Bank Digital Currency (CBDC). The rise of the digital economy post-Covid-19 global pandemic through the cryptocurrency market has most governments thinking about moving to decentralized ledger technologies (DLTs). Moreover, the use of...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The idea that bitcoin was always a hedge against inflation has been rather prominent amongst crypto fans for the past few years. Now, according to Paul Tudor Jones – a bitcoin bull and billionaire hedge fund manager – it sounds like this idea may have reached its peak and is coming to an end. Paul Tudor Jones:...

The decision to prioritize wholesale CBDCs, which involve tokenized securities, showcases the SNB’s commitment to thoroughly assess and manage any associated risks before considering the introduction of retail CBDCs. The Swiss National Bank (SNB) is set to create a digital currency known as a wholesale central bank digital currency (wCBDC). According to a Reuters report, the announcement was made by the head of SNB, Thomas Jordan, during a Point Zero conference in Zurich yesterday, 26...

WhatsApp Business is introducing new paid features as it announces its monthly active users are now more than 200 million. Meta Platforms-owned WhatsApp Business, a version of the instant messaging app built for small businesses, now has over 200 million users. According to Meta CEO Mark Zuckerberg, this is a 4x jump from three years ago. In 2020, 2 years after its launch, WhatsApp Business announced a monthly active user (MAU) count of 50 million. Meta is now touting the advantages of...

Riot Platforms’ recent acquisition of Bitcoin miners from MicroBT holds significant importance in the context of the upcoming halving event in 2024. Riot Platforms Inc (NASDAQ: RIOT), a leading player in the Bitcoin (BTC) mining industry has announced a significant development in its quest to expand its mining capabilities. The company stated in a press release that it has entered into a long-term purchase agreement with MicroBT Electronics Technology Co., LTD, a well-known manufacturer of...

The result of the AGIEval and C-Eval tests shows that Ernie 3.5 achieved higher scores than other large models, including ChatGPT, and surpassed GPT-4. Competition in the AI market heats up as China’s Baidu said its AI model Ernie 3.5 beats the popular OpenAI’s ChatGPT AND GPT-4 on key tests. The Chinese internet company unveiled the Ernie bot at an event in March. At the time of the announcement, CEO Robin Li said that the new product was imperfect and would continue to improve as people...

Fireblocks’ cloud support comes at a time when more and more institutional investors and corporations are joining the crypto space. Blockchain security service provider, Fireblocks, has expanded its cloud service for crypto custody and settlement. According to the announcement, the service will now include Amazon Web Services (AWS), Google Cloud Platform, Alibaba Cloud, Thales, and Securosys. Cloud Computing Meets Crypto Security Fireblocks’ platform uses a combination of security...

Mizuho Bank said that it will use the AI tool in the bank’s brokerage unit. The Japanese banking giant will conduct an “ideathon” next month and brainstorm various ways to experiment with the technology. On Tuesday, June 27, Japan’s third-largest banking institution Mizuho declared that it will allow all of its 45,000 employees in Japan to use Microsoft’s Azure OpenAI from this week. This will make the Mizuho Group the first financial company in Japan to use generative AI. Niu Dujungang,...

If implemented, it will mark the third round of layoffs for Robinhood in just over one year. The brokerage firm laid off 9% of its workers in April 2022 and 23% in August of the same year. Robinhood plans to lay off some part of its staff as it seeks to reduce the cost of operations due to the reduction in demand it is experiencing. Many current workers were employed to fill various needed roles during the Covid era. During that time, there was a huge demand for cryptocurrency trading and...

The state-owned Aramco believes that the oil demand forecast for the rest of 2023 is solid even though metrics point to a dwindling economy. Saudi-owned oil and gas firm Saudi Aramco has a strong outlook on oil for the rest of the year as it anticipates healthy demand from India and China. Saudi Aramco predicts strong demand from both countries regardless of an economic retraction expected in global markets. Speaking at the Energy Asia conference in Kuala Lumpur, Aramco CEO Amin Nasser...