News - page 218

Fintech & Ecommerce

SEC Chair Says About Developing Rules for AI Use

The U.S. Securities and Exchange Commission (SEC) plans to use its current powers to carry out activities to regulate the use of artificial intelligence-based tools.

Fintech & Ecommerce

CFPB and European Commission Start Discussion About Digitization of Finance

Didier Reynders, Commissioner of the European Commission for Justice and Consumer Protection, and Rohit Chopra, Director of the U.S. Consumer Financial Protection Bureau (CFPB), on Monday, July 17, announced the beginning of a dialogue on some issues related to the digitalization of the financial industry.

Fintech & Ecommerce

Visa & Mastercard Sued by Block in Another Antitrust Lawsuit

Block, the company behind the Square payment platform, alleges Visa and Mastercard conspired to inflate interchange fees

Society & Lifestyle

Call of Duty to Remain on Playstation After Activision Blizzard Deal With Microsoft

Microsoft has signed an agreement with Sony, according to which the Call of Duty video game will remain available on PlayStation after the tech giant implements a $69 billion takeover deal for Activision Blizzard.

Finance & Economics

Twitter Loses Nearly Half Advertising Revenue

The level of Twitter’s revenue from placing advertising materials on this virtual platform has almost halved after Elon Musk became the owner of the social network in October last year.

Finance & Economics

Venture Capital Firms Reportedly Slash Funds

The media reports that currently, companies with venture capital are reducing the volume of their mega funds after many years of accumulation and formation of the base of the financial asset.

Blockchain & Crypto

Aave Introduces GHO Stablecoin

Crypto lender Aave presented his first stablecoin called GHO.

Blockchain & Crypto

Ripple CEO Says XRP Ruling Helps Company to Grow

Ripple CEO Brad Garlinghouse announced the positive consequences of the court’s decision, which concerns the token of this company.

Science & Technology

Startup Character.AI Plans New Funding Round

The media, citing their sources, report that the startup Character.AI, which carries out activities in the area of artificial intelligence, which its name partially hints at, plans to hold a new round of raising investment funds.

Blockchain & Crypto

Binance Integrates Bitcoin Lightning Network

Deposits and withdrawals for Bitcoin (BTC) on Binance are now taking place on the Lightning Network. What’s the difference?

Science & Technology

Google Play Games Beta for PC Expands to New Countries

Google has expanded access to the beta version of the Play Games project for PC, with which users can play games designed for Android software on Windows devices.

Finance & Economics

Citigroup Fixes Personal Banking Revenue Growth in US

Citigroup reported that by the end of the second quarter of this year in the United States, the revenue received by this financial institution as a result of the provision of personal banking services increased by 11% compared to the indicator for the same period in 2022 and amounted to $4.6 billion.

Blockchain & Crypto

Trials of Binance: Are the Accusations True?

13 charges from the SEC piling on accusations of regulatory evasion by the CFTC. Denouncement, investigations, and severance of banking relationships with over 7 countries. Outflows in the billions (US dollars, fortunately). Binance is going through it. The onslaught of financial, regulatory, and social pressure exuded onto the crypto industry through execution in effigy of […]

Science & Technology

Indian Tech Giant Wipro to Invest $1 Billion in AI

Wipro, one of the leading software providers in India, intends to train all its employees to use artificial intelligence.

Finance & Economics

Top China Mutual Fund Bets on AI Stocks for Recovery

China’s most highly performing mutual fund, Soochow Mobile, is currently preparing for the recovery of onshore shares.

Fintech & Ecommerce

Bank of America Uses AI to Train New Hires

Bank of America uses artificial intelligence, Metaverse, and virtual reality to train 2,000 of its new employees as part of an immersive program.