EBA officials anticipate a surge in stablecoin issuance over the coming months and have urged businesses to use its guiding principles before the necessary restrictions are implemented. In advance of required regulations that are expected in a year, the banking watchdog for the European Union asked stablecoin issuers to voluntarily follow certain “guiding principles” on...Continue Reading

Learn the key strategies for leveraging chatbots in virtual assistance, from setting goals to designing intuitive interfaces and continuously enhancing their performance. Businesses and individuals are continually looking for novel methods to improve customer service, optimize operations and provide individualized experiences in today’s digital world.  Chatbots, a potent tool for virtual support, allow for effective...Continue Reading

Bitcoin is tipped to see classic volatility in BTC price around the CPI release, while liquidity remains tightly wrapped around spot. Bitcoin (BTC) eased higher into July 12 with the key macroeconomic event of the week just hours away. BTC/USD 1-hour chart. Source: TradingView CPI set to hit lowest since March 2021 Data from Cointelegraph...Continue Reading

A week after Google updated its privacy policy to allow data scraping for AI training purposes the company is now facing a class action lawsuit. Google is now facing a lawsuit in the follow-up to its recent privacy policy update that accuses the tech giant of misusing large amounts of data, including copyrighted material in...Continue Reading

A deep dive into global employment data and trends indicates that AI could have the biggest impact on high-skill jobs. An employment outlook paper suggests that highly skilled professions are the most exposed to artificial intelligence while its potential impact on employment is yet to be seen. The Organisation for Economic Co-operation and Development (OECD)...Continue Reading

The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized “super SIM cards” that have near-field communication capabilities. Bank of China, one of the largest state-owned banks in China, is currently conducting trials for a novel offline payment system that connects to SIM cards. This payment method is...Continue Reading

The Government Accountability Office highlighted blockchain’s ability to streamline and improve annual reporting, facilitate safe loans and monitor business development progress. The United States Government Accountability Office (GAO) found that blockchain technology can help facilitate oversight of various programs run by the Small Business Administration (SBA). The GAO explored the potential use of blockchain in...Continue Reading

Celsius aims to claw back 40 million MATIC, 66,000 DOT, 25,000 staked native ETH and 35,000 ETH from liquid staking platform StakeHound. Bankrupt crypto lender Celsius Network has filed a lawsuit against liquid staking platform StakeHound after the company allegedly failed to return $150 million worth of tokens owned by Celsius.  According to a court...Continue Reading

Document faces confirmation in the higher chamber of Russian parliament and, afterward, the President’s signature. The central bank digital currency (CBDC) project in Russia made one large step closer to reality. On July 11, Gosduma, the lower chamber of the Russian parliament, passed a “digital rouble” bill in the third reading. Now the document faces...Continue Reading

Cathie Wood is taking profits from ARK Invest’s Coinbase holdings by selling a small portion of its COIN stash. Pro-Bitcoin (BTC) Investment veteran Cathie Wood is taking some profits from ARK Invest’s large Coinbase (COIN) holdings by selling a small portion of its COIN stash. On July 11, Wood’s investment firm ARK offloaded 135,152 Coinbase...Continue Reading