Unlimit Expands to Kenya
Fintech Unlimit (previously known as Unlimint) expanded its services to the Kenyan market, upon securing a Central Bank of Kenya licence
Nina Bobro
Apple Uses Innovative Iris Biometrics for New VR Headset, Acquires AR Startup Mira
Apple aims to expand a range of virtual reality products, such as its new Vision Pro VR headset that supports Optic ID, with the acquisition of AR startup Mira, which provides hands-free, smartphone-powered headsets purpose-built for industrial applications
OpenAI Launches Cybersecurity Grant Program
The goal of the new OpenAI program is to facilitate the development of AI-powered cybersecurity capabilities for defenders through grants and other support
Starling Bank Enables ‘Hide References’ to Aid Economic Abuse Victims
Starling Bank launched an unprecedented feature that enables abuse victims to switch off intimidating and offensive payment references that can accompany bank transfers
European Tech Startup Funding to Drop 39%: Forecast & Implications
European tech startups are witnessing another tough year, the funding is steadily falling, largely due to a retreat from US investors
El Salvador to Use Volcano Energy for $1B Bitcoin Mining Park
The small country of El Salvador is home to 30 volcanoes, 20 of which are potentially active. This “volcano energy” will not go to waste, being harnessed for an ambitious $1B Bitcoin mining project
Americans Are Sceptic About CBDC: Survey
A recent survey found that twice as many Americans are against (34%) the Federal Reserve offering a CBDC compared to those who favour centralized cryptocurrencies (16%)
SEC Sues Binance: Charges Revealed
Through thirteen charges on 136 pages, SEC alleges that Binance and its CEO Changpeng Zhao “engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law”
BIS Successfully Tests Quantum-Safe Financial Communications
The BIS Innovation Hub Eurosystem Centre in partnership with European banks has successfully set up a quantum-safe communication channel that shields financial data
UBS to Complete Credit Suisse Takeover by June 12
UBS expects to finalize its takeover of Credit Suisse as early as June 12, emerging from this rescue deal as a giant Swiss bank with a balance sheet of $1.6 trillion
US Bill Proposes to Change SEC Role in Crypto Regulation
House Republicans have unveiled legislation that addresses the role of regulators such as the SEC in the crypto industry, aiming to maintain the balance between consumer protection and encouraging responsible innovation
Total Funding Into Environment Tech Falls 5% in 2022, Keeps Declining
Having recorded its highest-ever funding of $31.6 billion in 2021, the environment tech sector saw investments fall by 5% year-on-year to $29.9 billion in 2022
Ant Group Achieves 2022 Carbon Neutrality, Doubles R&D Expenditure
With the help of green computing technologies, Chinese fintech giant Ant Group reduced carbon emissions by over 62,100 tonnes of carbon dioxide equivalents (CO2e) in 2022
Circle to Replace USDC With Native Arbitrum Version
USDC stablecoin developer Circle will launch the “official” version of its token running natively on the Arbitrum network
Stripe Introduces Charge Card Program for Stripe Issuing
With the addition of charge cards, Stripe Issuing users can create and distribute virtual or physical charge cards that allow their customers to use credit costs rather than spending the funds in their accounts
Sorbet Launches On-Demand PTO Cash Advance Solution
“With rising prices and a looming recession, Sorbet helps employees by unlocking extra compensation that they wouldn’t be able to access otherwise,” says the company
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