Business Financial News

21.07 / 11:21

business Technology Adoption Quantum Computing Supercomputer Deal Cerebras Systems secures $100m AI supercomputer deal with UAE’s G42

Cerebras Systems has announced the signing of a deal worth around $100 million with G42, a technology group based in the United Arab Emirates (UAE). The agreement entails providing the initial installment of an artificial intelligence (AI) supercomputer, with the possibility of delivering up to nine more units, the company said in a statement on July 20.

21.07 / 06:19

business regulation Scams crimes Police Canadian police warn crypto investors on growing home robbery trend

A Canadian police department has issued a public warning of a possible trend where high-value cryptocurrency investors are being robbed in their own homes.

21.07 / 06:09

business regulation banking UK government Customers UK banks risk losing licenses for debanking customers over political views

The British government is reportedly set to announce measures that could see banks stripped of their license if they choose to debank customers due to their political views.

21.07 / 03:33

business Stablecoin Binance SEC Tether coinbase Usd Coin CCData Stablecoin dominance slides as market cap falls to near 2-year lows: CCData

The market capitalization of stablecoins has hit the lowest level since August 2021 coming on the back of 16 consecutive months of decline, a new report says.

21.07 / 01:01

business FTX Court Bankruptcy Fried Sam FTX sues Sam Bankman-Fried and other former execs to claw back $1B

FTX has sued former CEO Sam Bankman-Fried and several other former key executives from the now-bankrupt crypto exchange to recover more than $1 billion in misappropriated funds.

20.07 / 21:29

business Twitter Social Media Scams Uniswap Hackers compromise Uniswap founder's Twitter account to promote scam

Members of Crypto Twitter have quickly identified and warned others against a scam being pushed by Uniswap founder Hayden Adams’ compromised account.

20.07 / 21:29

business ChatGPT OpenAI launches ‘custom instructions’ for ChatGPT so users don’t have to repeat themselves in every prompt

OpenAI announced the beta launch of “custom instructions” for ChatGPT on July 20. The much-requested feature will allow users to create a preface for their prompts featuring instructions for the artificial intelligence (AI) chatbot to consider before responding to queries.

20.07 / 19:03

business SEC Terra Luna Terra Terraform Labs seeks access to FTX wallets in fraud defense

Terraform Labs is seeking permission from a judge to subpoena data from bankrupt crypto exchange FTX, claiming the information could help its defense against a lawsuit brought by the United States Securities and Exchange Commission (SEC) in February, a court filing shows.

20.07 / 19:03

business Hashdex Former Binance.US CEO joins Hashdex board

Brian Brooks, former acting comptroller of the currency for the United States government, has joined the board of directors for crypto-focused asset manager Hashdex.

20.07 / 15:23

business Blockchain solana Aptos Aptos' new user growth hits 900% after integration with social media app Chingari

The Aptos blockchain has seen a surge of activity following its integration with Chingari, an India's social media platform previously powered by Solana. According to on-chain data, the number of new users jumped 900% over the previous month, up to nearly 90,000 daily on-chain onboarding.

20.07 / 14:11

business Technology NFT wallet Polygon Reddit EthCC Reddit engineer shares strategy behind NFT onboarding at EthCC

Mirela Spasova, a Reddit senior engineer on the Collectible Avatars project, took to the master stage at the Ethereum Community Conference (EthCC) event in Paris to shed light on Reddit’s strategy for onboarding millions of users to its blockchain-backed digital collectibles.

20.07 / 14:11

business event Ethereum Social Media Andreessen EthCC Andreessen Horowitz exec sees ‘promising paths’ for Web3 social platforms — EthCC

An executive from venture capital firm Andreessen Horowitz (a16z) believes that Web3 has the solutions to the headaches and problems found on Web2-based social media platforms.

20.07 / 14:11

business Blockchain Binance Report Liquid staking claims top spot in DeFi: Binance report

Liquid staking is a decentralized finance (DeFi) subsector that lets users earn yield by staking their tokens without losing their liquidity. It has become the biggest DeFi sector in terms of total value locked (TVL), according to crypto exchange Binance’s Half-Year Report 2023.

20.07 / 10:25

business Payments regulation Federal Reserve Mainstream Reserve FedNow Service has no relation with CBDCs, Federal Reserve clarifies

The Federal Reserve of the United States clarified that its new service for instant payments between organizations — FedNow Service — has no relation with central bank digital currencies (CBDCs).

20.07 / 09:07

business Terraform Labs Terra Terraform Labs appoints new CEO from existing team: Report

As the co-founder of Terraform Labs, Do Kwon, is facing possible extradition to South Korea or the United States from a jail cell in Montenegro, the company has appointed a new CEO. Kwon still remains the principal shareholder of Terra.

20.07 / 06:47

business CBDC Adoption regulation Bank of China transaction volume China’s digital yuan nears $250B transaction volume: Central bank governor

Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank governor has claimed.

20.07 / 04:05

business Coding ChatGPT ChatGPT’s capabilities are getting worse with age, new study claims

OpenAI’s artificial intelligence-powered chatbot ChatGPT seems to be getting worse as time goes on and researchers can’t seem to figure out the reason why.

20.07 / 02:23

business Tesla Bitcoin Payments Bitcoin Bitcoin Price Holdings bitcoin holdings Tesla’s diamond hands: EV maker's Bitcoin holdings see no change in Q2

For the fourth quarter in a row, Tesla hasn’t sold or added to its digital asset holdings with the electric vehicle manufacturer continuing to hold $184 million worth of its remaining Bitcoin (BTC).

20.07 / 02:23

business Blockchain Adoption Conference privacy Scalability Internet Aleo zk NOT ZK proofs could change the internet, not just Web3 — Aleo exec

Zero-knowledge proofs could be used to solve the “biggest problem” plaguing the internet today — privacy, according to one cryptocurrency executive.

19.07 / 20:19

business Apple Machine Learning ChatGPT Apple has its own GPT AI system but no stated plans for public release: Report

Apple’s reportedly working on its own generative pre-trained transformer (GPT) artificial intelligence (AI) model. However, there’s no indication that the company has any plans to launch it to the public.

19.07 / 20:19

business Blockchain economy economics Science FinTech Quantum Computing Scientists warn the ‘quantum revolution’ may stagnate economic growth

Quantum computing technologies are slowly beginning to trickle out of the laboratory setting and into commercial industries. While it remains to be seen when mainstream adoption will occur, a number of companies are currently engaged in experiments and trials with paying clients to develop quantum computing solutions.

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