Digital Financial News

The United Nations Secretary-General is spearheading a multi-stakeholder High-level Advisory Body on Artificial Intelligence (AI). The initiative aims to harness AI's potential for humanity while addressing its accompanying risks and uncertainties as AI technologies proliferate internationally. The comprehensive approach seeks to foster a globally inclusive ethos by analyzing and advancing recommendations for AI's international governance.

On October 25, Taiwanese legislators tabled the Virtual Asset Management Bill before the single-chamber parliament, the Legislative Yuan. This initiative seeks to bolster consumer protection and furnish better oversight over the burgeoning digital asset sector.

BRUSSELS (Reuters) — Alphabet (NASDAQ:GOOGL)'s YouTube and TikTok have been given a Nov. 30 deadline by the European Union to reply to an information request on how they protect children from illegal and harmfulcontent, the European Commission said on Thursday.

NEW DELHI : With AI tools becoming more accessible, deepfakes are a rising threat in audio, video and photo formats. But, catching the actual perpetrators is next to impossible, thanks to how cyber tools allow people to obfuscate the traces of origin. Mint explains why: A deepfake is more sophisticated than basic morphed content.

Broadband India Forum (BIF), a lobby for tech companies, has slammed the telcos’ stand against the use of OTT platforms such as WhatsApp, for enterprise communications, saying operators are only trying to thrust a technologically inferior and user-unfriendly product like SMS through regulatory/administrative intervention. The Broadband India Forum (BIF) said the SMS route is often unreliable due to lapses in network coverage, which is why telco customers prefer app-based messaging platforms like WhatsApp over SMS. “The telcos’ action is analogous to insisting on transportation by bullock cart when modern and more affordable automotive transportation is available and permitted,” T V Ramachandran, president, BIF, told ET. The tech forum counts Amazon, Meta (which owns WhatsApp), Microsoft, Intel, Qualcomm, and Google among its key members. The BIF president added that WhatsApp and Telegram are perfectly legal and permissible products and it’s absurd to allege that some corporates are circumventing and bypassing the legal telecom route by using apps. The popularity of OTT communication platforms among users, he said, is the result of better experience.

deepfake incident — reading the takedown rulebook to social media platforms and reminding them of the legal provisions against digital impersonation — must be backed up by vigorous prosecution against the perpetrators. Fakery, deep or shallow, is detectable, and policing it is a matter for enforcers of the law. Deepfakes require considerable computing capacity and a large digital footprint of their targets, making it easier to narrow down the search for their origin.

SBI Holdings and Standard Chartered’s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United Arab Emirates targeting crypto startups.

By David Lawder

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

U.S. Securities and Exchange Commission Chair Gary Gensler indicated a potential reboot of FTX during DC Fintech Week on Wednesday, prompting FTX’s digital token, FTT, to rally. 

MONTREAL — National Bank of Canada won’t offer any more new safety deposit boxes, which allow customers to keep valuable items or important documents at bank branches. It’s the first large Canadian bank to stop offering this service.

Gold holds a special significance as an auspicious metal that can double up as a prudent investment is second to none. Buying gold on the occasion of Dhanteras is considered auspicious but with changing times, the methods of investment have also changed. Now it is not just physical gold that is attracting buyers, there is a growing trend of investing in Digital Gold, ETFs and SGBs, especially during Dhanteras and Diwali. So, you can think about these five methods for investment in Gold this Dhanteras:

Shriram General Insurance intends to increase its policy renewal rate to around 60% in the next two years from 40% currently.

Apollo Hospitals, Enterprise, India's largest private healthcare provider on Thursday said it will be investing Rs Rs 3435 crore on expanding its bed capacity. Apollo said it will be adding 2300 beds across 8 locations to its network over the next three financial years. The capacity expansion will be met through internal accruals and debt financing, the company added. The new expansion will mainly come in West, East and North India, where Apollo is strengthening its foothold. Apollo is traditionally dominant in the South. As part of the expansion plan, the company announced a 250-bed new hospital in Pune expandable to 425 beds in 2 years at an overall cost of Rs 675 crores.

India offered officials from various cybercrime and police departments training in cryptocurrency forensics and investigation during the financial year 2022–2023.

Investing.com — Take-Two (NASDAQ:TTWO) has reported lower than anticipated current-quarter net bookings, but the video game maker said it remained «well positioned» for the holiday season.  

Protean eGov Technologies IPO is expected to be finalised on Friday. Investors received shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

It was only a matter of time. Antony Catalano has taken his first official step towards spoiling ASX-listed ARN Media’s plans to acquire rival Southern Cross Austereo, Street Talk can reveal.

Financial readiness is the ability to navigate life's needs, wants, and uncertainties by critically evaluating one's income, budget, spending, avenues to maximise and save the said income, plan for emergencies, and for future retirement.

The joint venture will focus on investing in companies across the digital assets spectrum including market infrastructure, risk and compliance tools, DeFi, tokenisation, consumer payments, and the metaverse. The parties intend to capitalise the vehicle with $100 million.Alex Manson, CEO, SC Ventures, says: “The region is fast becoming a hub for fintechs in the digital asset space due to its regulation, strengthening infrastructure and talent.

WhatsApp has added a new 'Protect IP Address in Calls' option that helps hide your location from other parties on the call. The new option hides your IP address from the other party by relaying calls through WhatsApp Servers, ensuring that other parties in the call cannot see your IP and subsequently deduce your general geographical location.