Fraud Levels Skyrocket at Bitcoin ATMs
FTC cautions consumers about the surge of fraud losses at Bitcoin ATMs due to the increasing government impersonation, business impersonation, and tech support scams.
News - page 87
Bank of Canada Reportedly Plans to Cut Interest Rates Again
The Bank of Canada is likely to decide on another interest rate cut at its third meeting in a row.
Technology and Finance Giants Join Anti-Financial Crime Group
The Centre for Finance, Innovation and Technology (CFIT) has formed a group to combat financial crimes.
Visa to Promote Digital Payments in India
Visa is currently partnering with companies such as Paytm and PayU to promote digital payment practices in India.
Google Expands Partnership With UPI
Google Pay has presented several new offers through the Indian United Payments Interface (UPI).
Lloyds Bank and Cleareye Launch Partnership
Lloyds Bank announced the start of a partnership with the artificial intelligence platform Cleareye.ai.
Brazil Tries to Calm Investors
In Brazil, the local economic team is going into damage control mode to reassure investors and ensure that the country’s government is complying with fiscal rules, even as President Luiz Inacio Lula da Silva is pushing for a decision to increase social spending.
Brazil Blocks X
In Brazil, a panel of federal supreme court justices voted unanimously to uphold an order suspending the operation of social media platform X, formerly known as Twitter and owned by Elon Musk, in the country.
Singapore Considers Bill to Fight Fraud
Singapore is currently considering a bill that provides for the police to be able to order banks to temporarily prevent customers from transferring money to fraudsters.
PDD Holdings Reportedly Accumulates $38 Billion Cash Stockpile
The media reports that PDD Holdings, which ownership structure includes Temu, a company operating in the e-commerce area, is currently sitting at $38 billion in cash.
China Warns Japan of Consequences for Possible New Chip Restrictions
China has stated to Japan that it is ready to take restrictive retaliatory measures if Tokyo continues to reduce the scope of sales and service of equipment necessary for the production of chips.
Qatar Launches Digital Asset Regulations
A comprehensive regime for regulating and creating digital assets will enable safe and transparent custody arrangements, transfer and exchange of cryptocurrencies in the Qatar Financial Centre (QFC) in Doha.
Central Banks Buy Record Gold Reserves
Global central banks purchased 483 tonnes of gold in the first half of 2024, outperforming the previous record of 460 tonnes set in H1 2023 by 5%.
Amazon Reportedly Chooses Anthropic to Power Alexa 2.0
Media reports say Amazon is using Anthropic’s Claude AI model to power a new version of its Alexa voice assistant.
Magic Raises $320 Million
Magic has announced that it has raised $320 million in funding to develop an artificial intelligence coworker for AI research and code generation.
Eurostat Reports Inflation Decline
Inflation in the Eurozone fell to 2.2% in August.
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