‘Godmother of AI’ launches World Labs with $230M funding at $1B valuation

The Chinese special administrative region of Hong Kong is aiming to become a leading crypto hub, as the region started to promote the development of Web3. At the same time, its securities regulator has begun to actively regulate the crypto space, awarding licenses for retail crypto trading. On June 30, the Hong Kong government announced that…

On Thursday, U.S. Federal Reserve chairman Jerome Powell is expected to deliver an important speech that will highlight a new strategy of targeting “average inflation.” This means that the Fed might allow inflation to overshoot the 2% target temporarily if it has spent a long time below that level.If the Fed adopts this new strategy,…

According to the chairman, the central bank will decide on implementing its own digital currency by the end of 2022. 285 Total views 17 Total shares While Kazakhstan’s government is catching up with the tremendous volume of crypto mining in the country by introducing new taxes and regulations, the local central bank intends to explore…

Cecabank, Abanca and Adhara Blockchain have been chosen from the 24 applications received over the past year. 5484 Total views 17 Total shares Spain’s central bank, Banco de España, has chosen its collaborators a year after publishing an open call for partners to participate in central bank digital currency (CBDC) tests. On Jan. 3, the

People who were aware of CBDCs were more reluctant to adopt the technology when compared with those who didn’t know about it. 301 Total views 12 Total shares A recent public consultation on Canada’s central bank digital currency (CBDC) initiative revealed an overall negative sentiment from Canadians, confirming the Bank of Canada’s concerns around its

Venezuela’s national oil-backed cryptocurrency, the Petro (PTR), has been scathingly denounced as an opaque “stunt” backed by a centralized and debt-saddled entity, the Wired reports today, August 22. Amid rampant hyperinflation in the Venezuelan economy, President Nicolas Maduro has this week introduced a rebranded fiat currency – the sovereign bolívar – which will have five…

OKEx founder Star Xu was reportedly questioned by police a week ago. 1914 Total views 2 Total shares The founder of major global cryptocurrency exchange OKEx has been reportedly questioned by authorities previous to OKEx suspending cryptocurrency withdrawals.OKEx founder Mingxing Xu, also known as Star Xu, has reportedly been questioned by the police, Chinese news…

On May 26, Tommaso Mancini-Griffoli, a representative from the International Monetary Fund, stated that moving forward, the best way to harness the potential of central bank digital currencies would be by fostering synthetic partnerships between the private and public sectors.Further expounding his views on the matter, the deputy division chief of the IMF’s monetary capital…

Square reports that Bitcoin composed the bulk of Cash App’s revenue in the first quarter, though it added much less to profit. On May 6, Square released its filings for the first quarter of 2020. The filings publicized revenue for Square’s Cash App, a majority of which came from Bitcoin.The numbers for Q1 and Bitcoin’s…