Fintech News

The Reserve Bank of Zimbabwe (RBZ) announced plans to introduce a gold-backed digital token (GBDT) for retail transactions.

Zimbabwe Unveils Innovative Gold-Backed Digital Tokens for Retail Commerce

The Reserve Bank of Zimbabwe (RBZ) has revealed its strategic plan to introduce a gold-backed digital token (GBDT) for retail transactions. This innovative initiative, initially

The city of Changzhou in China is making strides in the adoption of CBDC by giving away $700K worth of digital yuan tokens and coupons.

Changzhou City in China to Distribute $700k Worth of Digital Yuan Tokens and Coupons

The city of Changzhou in China is making strides in the adoption of central bank digital currency (CBDC) by giving away $700,000 worth of digital

Brazil's CBDC Pilot Source Code Reveals Potential Fund Control Functions, Developer Claims

Brazil’s CBDC Pilot Source Code Reveals Potential Fund Control Functions, Developer Claims

A blockchain developer claims to have uncovered functions in the source code of Brazil’s pilot central bank digital currency (CBDC) that grant a central authority

JP Morgan Hit with $4 Million Penalty by SEC

JP Morgan Hit with $4 Million Penalty by SEC for Regulatory Infractions

JP Morgan Chase, one of the largest financial institutions, has been fined $4 million by the Securities and Exchange Commission (SEC) for the deletion of

Advanced Micro Devices (AMD) made an announcement

AMD Introduces Game-Changing AI Chip to Compete with Nvidia

Advanced Micro Devices (AMD) made a significant announcement, revealing details about their latest artificial intelligence (AI) chip, the M1300X. This powerful GPU is set to

Coinbase CEO in Hot Water as Insider Trading Allegations Rock the Company

Coinbase CEO Brian Armstrong Under Fire for Suspected Insider Trading in $1.7 Million Stock Sale

Allegations of insider trading have emerged against Coinbase CEO Brian Armstrong, causing concern among investors and industry experts. Armstrong sold over $1.7 million worth of

Google Cloud isoffering up to $1 million in protection to certain customers who fall victim to undetected crypto mining attacks.

Google Introduces $1M Crypto Mining Attack Protection

Google Cloud has introduced a significant security measure by offering up to $1 million in protection to certain customers who fall victim to undetected crypto

Ripple

American Banker Report Highlights Ripple’s Role in CBDC Development

Ripple, a Manhattan-based fintech company, has garnered attention from American Banker for its significant efforts in the development and implementation of Central Bank Digital Currencies

Robinhood is reassessing its cryptocurrency offerings following recent actions taken by the SEC against two crypto exchanges

Robinhood Initiates Review of Crypto Operations in Response to SEC Crackdown

Robinhood, a leading brokerage firm, is reassessing its cryptocurrency offerings following recent actions taken by the Securities and Exchange Commission (SEC) against two prominent digital

The U.S. FBI has issued a warning about the increasing use of deepfakes by criminals to target victims for extortion.

FBI Issues Warning About AI Deepfake Extortion Scams

The U.S. Federal Bureau of Investigation (FBI) has issued a warning about the increasing use of deepfakes by criminals to target victims for extortion. These

European officials are urging companies developing generative AI tools to embrace transparency and responsible practices.

EU Officials Propose Labels for All AI-Generated Content

European officials are urging companies developing generative AI tools to embrace transparency and responsible practices. In a recent statement, Vera Jourova, the European Commission’s vice

Eric Horvitz, Microsoft's chief scientific officer

Microsoft CSO Eric Horvitz: AI Can Help Humans Flourish, But It Must Be Used Responsibly

Eric Horvitz, Microsoft’s chief scientific officer, believes artificial intelligence (AI) can be a force for good, but he also sees the potential for AI to

OpenAI CEO Sam Altman has hinted that the company behind ChatGPT might pull out of Europe

OpenAI Faces Regulatory Pressure in Europe

OpenAI CEO Sam Altman has hinted that the company behind ChatGPT might pull out of Europe if the company cannot comply with pending European Union

The government of Pakistan has set an ambitious goal of producing 1 million AI-trained IT graduates by 2027

Pakistan’s AI Master Plan: 1 Million Graduates by 2027

The government of Pakistan has set an ambitious goal of producing 1 million AI-trained IT graduates by 2027. The goal is part of the government’s

Jiangsu Province one of China’s most populous provinces

Jiangsu Province Plans to Expand Digital Yuan Adoption in Education Sector

Jiangsu Province, one of China’s most populous provinces, is planning to expand the use of the digital yuan in the education sector. The province is

South Korea’s central bank has signed a MoU with Samsung Electronics to research the use of CBDC

Samsung to Research South Korea’s CBDC for Offline Payments

South Korea’s central bank, the Bank of Korea (BOK), has signed a memorandum of understanding (MoU) with Samsung Electronics to research the use of central