Oklahoma joins Ohio, Mississippi in passing Blockchain Basics Act
The new bill, which seeks to protect the residents’ right to mine, own, and trade digital currencies, is at advanced stages in Nebraska, South Carolina, and Tennessee.
Latest Business News
SEC sends Robinhood a Wells notice, BTC-e’s Vinnik cops to money laundering
Robinhood is scheduled to report its Q1 financials on May 8, and the analyst call may reveal further details regarding the company's SEC's issues.
Bill aims to provide tax clarity on staking digital currencies
Rep. Drew Ferguson (R-GA) says the U.S.’ approach to digital asset rewards is overly complex, leading to confusion, double taxation, and overseas relocation of U.S. companies.
Amazon records largest quarterly operating profit, boosted by AI
Amazon recorded $143.3 billion in Q1 revenue, beating Wall Street estimates, with its focus on AI “reaccelerating” growth for AWS, its cloud computing division.
EU partners with Japan to tackle digital IDs, AI
The EU's partnership with Japan isn't only geared toward supporting innovation and boosting their competitiveness in the tech space but is said to help even out the EU's AI playbook.
Dubai lays out blueprint for AI adoption as regional competition heats up
Under Dubai's AI blueprint, government entities will appoint an AI CEO to draft strategies for the tech's mass adoption; an AI Week for schools will also be curated to help introduce AI to the youth.
Blockchain tech absent during India’s elections despite wide adoption in some industries
About 970 million people in India are eligible to vote this year and decide whether to let Narendra Modi hold office for a third consecutive term.
Zimbabwe launches gold-backed ZiG notes and coins, but mistrust still high
After launching digitally a month ago, the physical versions of the ZiG gold-backed currency have debuted, but many businesses are still rejecting it.
Coinbase leans heavily on accounting changes to post billion-plus profit
Figures released on May 2 show Coinbase generated revenue of nearly $1.6 billion in the three months, more than twice the sum generated in the same quarter last year.
Akita dog society turns to blockchain for pedigree certificates
Apart from forgery incidents, paper-based pedigree certificates suffer from various problems, like missing documents and overseas verification issues, according to the Akita Inu Preservation Society.
Microsoft pledges $1.7 billion to improve Indonesia’s cloud, AI infrastructure
Most of the investment will be used to equip 840,000 Indonesians with AI skills, with an aim for nationwide upskilling program that will focus on women and youth from underrepresented communities.
Tether touts profits and new ‘compliance’ plan, loses transaction war with USDC
Tether claimed to have generated a profit of over $4.5 billion in the first three months of 2024, but while its gains seemed rosy, the USDT issuer still couldn't get a break from its alleged criminal ties.
Tokyo to promote digital securities on blockchain and subsidize setup costs
The Tokyo Metropolitan Government has updated its subsidy program for businesses issuing securities using blockchain, aiming to show how the technology allows issuers and investors to connect directly.
Asia-Pacific navigates diverse stablecoin regulations, experts weigh in
As APAC countries navigate the complex landscape of stablecoin regulations, industry stakeholders must tread carefully, balancing innovation and compliance in the market.
Roger Ver’s arrest is bad news for some, good news for the rest of us
Roger Ver’s arrest by U.S. authorities on tax evasion charges could signal a turning point in the digital asset sector’s history as ‘crypto’ crooks turn on each other to save their own skins.
BRICS still intent on a common currency, but the process is complex: Russia
Russia’s Deputy Foreign Minister Sergei Ryabkov noted that the common currency process hadn’t been shelved but acknowledged that it has many moving parts.
Embracing generative AI: Philippines leads global demand, study says
The latest report from the BCG unveiled the AI perspective among Filipino professionals, with 43% expressing conflicting emotions toward the rising tide of generative AI.
Bank of Japan issues latest report on ‘digital yen’ CBDC investigation
A regular update published this month by the Bank of Japan's Payment Services Department looks at what additional functions a digital yen could have.
‘Airbus for the metaverse’ key in attaining Europe’s Web4 ambitions: LSE Consulting
An "Airbus for the metaverse" is projected to provide a European innovation network while ensuring access to skilled talent in Europe and foster demand, scale, and open innovation across the bloc.
Jack Dorsey’s Block under federal investigation for terror transactions, sanctions evasion
A former Block employee had met with prosecutors at the U.S. Attorney’s Office for the Southern District of New York regarding 'compliance lapses’ at Block’s Square and Cash App divisions.