News - page 225

Science & Technology

Gartner identifies Metaverse and decentralized identity as emerging tech to watch

Gartner research identifies 25 must-know emerging technologies designed to help enterprise architecture and technology innovation leaders

Finance & Economics

UN urges to restrict crypto in developing countries

UN Conference on Trade and Development (UNCTD) released three policy briefs on the dangers of the rising use of cryptocurrency in developing countries

Science & Technology

Apple Pay expands to Malaysia

The contactless payment technology Apple Pay launched in Malaysia with support for Mastercard and Visa cards from selected banks

Blockchain & Crypto

BlackRock to launch new private spot Bitcoin trust, sends BTC on a bullish track

Bitcoin has reached a $25K mark following the announcement of a new private spot Bitcoin trust from the world’s largest asset manager BlackRock 

Finance & Economics

Buy buttons save US customers 148 million hours annually: PYMNTS

Although the use of buy buttons saves US consumers as much as 148 million hours a year, many online merchants have introduced friction into the checkout flow

Finance & Economics

Amazon’s palm-scanning payment tech launches at 65 more Whole Foods locations

Whole Foods stores in California will soon modernize their retail shopping with the contactless biometric payment solution Amazon One

Fintech & Ecommerce

Plaid & Wise made an open finance agreement: now Wise customers can connect to thousands of apps

Integration with Plaid’s open finance tool Core Exchange will allow Wise users to connect their Wise USD local account to thousands of other financial apps

Finance & Economics

Working group that will determine the future of UK open banking now has a leader

UK regulators have started forming a strategic working group (SWG) to formulate the future of open banking

Blockchain & Crypto

Iran makes the first import with crypto, plans widespread use by end of September

Economic sanctions against the Islamic state have forced Iran to start using crypto as a medium of payment for importing goods

Finance & Economics

Nike and Rtfkt connect physical clothing with AR NFTs using NFC technology

New Nike hoodies connect with an NFT version of the garment that can be ‘worn’ by digital avatars in Rtfkt’s Clone X through NFC chips

Science & Technology

China to remain the global e-commerce leader with over $2 trillion sales in 2022: GlobalData

GlobalData expects Chinese e-commerce market to grow by 10.4% this year, retaining its leading position on the global scale

Science & Technology

CBDCs can enhance financial stability

A well-designed central bank digital currency (CBDC) may enhance financial stability, contrary to popular belief

Reports

DeFi sector recovers from crypto winter with a 123% jump in the last 45 days

As the crypto market slowly regains its volumes, the DeFi market dominance is also growing

Reports

Cash regains its ground in the UK: inflation is to blame

Rising living cost makes Brits literally count the pennies: inflation increased the use of cash in the UK

Science & Technology

Blockchain makes sense for commercial real estate: Deloitte

The new Deloitte study suggests that blockchain technology is likely to take over half of the entire leasing and sale process across commercial real estate

Science & Technology

SoftBank lost record $23 billion in a quarter, suffering from the global tech selloff 

The record loss of Japanese technology investor SoftBank reflects the decline of tech shares around the globe