Ripple, an enterprise blockchain and crypto solutions provider, received approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payments and services in the Dubai International Financial Centre (DIFC). Ripple will be the first blockchain-enabled payments provider licenced by DFSA, according to a statement by the Dubai government published Thursday. “Securing this DFSA
Blockchain can enhance traditional financial systems, but mass adoption requires a focus on interoperability, usability and regulation. Unsplash+ When Gartner predicted in 2022 that blockchain would create $176 billion in business value by 2025 and $3.1 trillion by 2030, it seemed like the technology was poised to revolutionize every industry it touched. Yet here we
With the launch of its Grok 3 model, Grok AI has disrupted the entire LLM industry. Elon Musk, the CEO of its parent company XAI, called Grok 3 “the smartest AI,” claiming it outperforms rivals such as ChatGPT, Google Gemini, and DeepSeek R1. Not surprisingly, investors are already using Grok AI to improve their investment
Ho Chi Minh, Vietnam, Aug. 26, 2024 (GLOBE NEWSWIRE) — BSCS has successfully secured a strategic investment from K300 Ventures, marking a major milestone in its journey to foster innovation. BSCS operates as a decentralized protocol that supports incubating and launching new blockchain projects, facilitating the smooth transition of innovative ideas from conception to execution. The investment from
Felix Pinkston Aug 26, 2024 05:36 Binance will discontinue its 7-Day and 30-Day Stable Rate Loan services from September 2, 2024, while VIP Loan services remain unaffected. Binance, one of the world’s largest cryptocurrency exchanges, has announced significant updates to its loan services. Effective from September 2,
The arrival of the internet unleashed a wave of creativity as users found new ways to make and mix culture, but it also delivered an economic blow to authors, musicians, and news outlets. Much of the revenue that had once flowed to content producers got gobbled by tech platforms like Facebook and Google. Now, at
China is closely monitoring the use of virtual assets in money laundering activities, according to the country’s highest court, in a move that legal experts say could increase the risk of prosecution for trading cryptocurrency on the mainland. Using virtual assets to transfer or convert criminal proceeds is among a range of money laundering methods
The value of funds taken in hacking activities and ransomware attacks rose during the first seven months of the year. These increases were driven by the higher value of bitcoin and by ransomware attacks targeting larger organizations, Chainalysis said in a Thursday (Aug. 15) crypto crime mid-year update. Stolen funds inflows rose by about 84%
The Covid-19 pandemic was one of the key drivers (open banking the enabler) of global embedded finance adoption. According to Global Market Insights, the embedded finance market shot to $58 billion by 2022, and is estimated to clock-in a 29% compound annual growth rate (CAGR) until 2032 – by which point it could exceed
Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only crypto-friendly banks in the U.S., was served with a 13-page regulatory enforcement action by the Federal Reserve related to its digital asset and dollar token