Meta reins in metaverse ambitions, cuts budget by 20%
Meta has instructed Reality Labs to cut its budget by 20% by 2026, just weeks after reorganizing its metaverse division and laying off some senior staff. [...] Read More... The…
UK fines Coinbase £3.5M for ‘repeated and material breaches’ of financial crime controls
The FCA fined a £3.5 million (US$4.5 million) penalty on Coinbase's CB Payments Limited for "repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers." [...]…
India in need of simplifying user verification process to bolster digital payments
While India has witnessed a surge in digital payments, the country’s KYC procedure continues to be cumbersome, especially for the elderly, poor, and migrants. [...] Read More... The post India…
Block Dojo Philippines cohort 2 looks at real-world issues that could be solved with blockchain
Johannes Cortez, Clarice Cabanlit, and Jynon Mapa joined Block Dojo Philippines' three-month venture building program to show how blockchain can be used in real-world problems. [...] Read More... The post…
Russia cautiously warms up to digital asset payments as Putin warns of power disruptions
Russia’s AML chief called on the government to accelerate the development of digital asset payment infrastructure in international payments amid global sanctions. [...] Read More... The post Russia cautiously warms…
Japan’s DeCurret starts production testing for DCJPY tokenized deposit platform
DeCurret announced DCJPY in October 2023, with the Internet Initiative Japan set to use tokenized deposits to pay for renewable energy certificates for members. [...] Read More... The post Japan’s…
Nvidia set to launch new AI chip for Chinese market amid trade embargo: sources
Trade restrictions won't keep Nvidia from continuing its partnership with China, with sources claiming the tech giant is preparing a new AI chip tailored explicitly for the Chinese market. [...]…
