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European central banks may start buying Bitcoin by 2025
Feb 04,2025
European central banks may start accumulating Bitcoin as early as 2025, according to blockchain expert Fiorenzo Manganiello. It follows the rollout of the EU's Markets in Crypto-Assets (MiCA) regulation, which aims to stabilise the crypto market by i...
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Monochrome Group registers Bitcoin and Ethereum ETFs in Singapore
Feb 04,2025
Australian crypto firm Monochrome Group has successfully registered its Bitcoin and Ethereum exchange-traded funds (ETFs) with the Monetary Authority of Singapore, marking a significant expansion into Southeast Asia. This move comes in response to ri...
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HR embraces AI in hiring
Jul 12,2024
A recent survey reveals that 66% of HR leaders have a more positive view of AI in the workplace compared to a year ago. Commissioned by recruitment platform HireVue, the research also found that 67% believe AI is as effective or better than humans at...
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Chinese e-commerce struggles amid economic slowdown
Jul 12,2024
Chinese e-commerce faces survival challenges amidst slowing growth and increasing price pressures as platforms vie for cost-conscious consumers with aggressive sales tactics. The once-booming sector, characterised by extravagant shopping events, is n...
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Apple's NFC technology will no longer be reserved to Apple Pay and Wallet in the EEA
Jul 11,2024
The EU Commission has announced that Apple will open its near-field-communication (NFC) technology to third party developers, including competitors. Rival mobile wallet providers will now be able to use this technology as well, giving them access to ...
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Intuit to cut 1,800 jobs, focus on AI investments
Jul 11,2024
Intuit, the parent company of TurboTax, has announced plans to reduce its workforce by 10%, affecting approximately 1,800 jobs. This move comes as Intuit shifts its focus towards enhancing its AI-powered tax preparation software and other financial t...
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Alipay launches tap-and-pay feature in China
Jul 10,2024
Alipay, China's leading mobile payment service, has introduced a new tap-and-pay feature to simplify the checkout process for merchants and enhance user experience on Android and iPhone devices. The Ant Group-operated service, recognised for populari...
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Chip boom propels TSMC into top tech giants
Jul 09,2024
The recent surge of Taiwanese chip giant TSMC into the ranks of the world's most valuable companies underscores the significant impact of the generative AI revolution on Wall Street. TSMC briefly surpassed the$1 trillion market capitalisation mark, s...
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Russia considers cryptocurrencies for international payments amid Western sanctions
Jul 04,2024
Russia's central bank has advised businesses to adopt 'multiple choice solutions,' including cryptocurrencies and other digital assets, to manage payments with foreign partners amidst Western sanctions related to Ukraine conflict. The sanctions have ...
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AI boom propels US venture capital funding to new heights
Jul 04,2024
US venture capital funding soared to$55.6 billion in the second quarter of 2024, marking the highest total in two years, largely driven by significant investments in AI companies such as Elon Musk's xAI and CoreWeave. The funding kickstart represents...
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EU considers imposing tariffs on cheap Chinese online goods
Jul 03,2024
The EU plans to impose customs duties on inexpensive goods purchased from online Chinese retailers such as Temu, Shein, and AliExpress. Under EU regulations, items bought online from non-EU countries are exempt from customs duties if their value is u...
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AI shaping the future of UBS banking
Jul 03,2024
According to Sabine Keller-Busse, head of the Swiss bank's domestic business, UBS is experiencing a significant shift in AI-driven client interactions. She compared this change to patients visiting doctors with pre-formed ideas about their ailments, ...
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