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Mintoak's Digiledge acquisition boosts digital payment solutions
Mar 05,2025
Indian fintech startup Mintoak has acquired Digiledge in a deal valued at around$3.5 million, marking the first acquisition in India's central bank digital currency (CBDC) sector. The move comes as the Reserve Bank of India continues expanding its pi...
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Kraken wins legal battle as SEC ends registration lawsuit
Mar 05,2025
The US Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against cryptocurrency exchange Kraken, marking a significant shift in regulatory oversight under the new administration. Kraken, which was accused of operating as an u...
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FCC raises concerns over EU's online regulation impact on free speech
Mar 05,2025
The chairman of the US Federal Communications Commission (FCC) has criticised the EU's Digital Services Act (DSA), warning it could excessively limit free speech. Speaking at the Mobile World Congress in Barcelona, Brendan Carr argued that the Europe...
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SoftBank plans multi-billion dollar AI push
Mar 04,2025
SoftBank CEO Masayoshi Son is planning to borrow$16 billion to expand the company's investments in AI, with a possible additional$8 billion loan in early 2026. The financing plan was discussed with banks last week, according to sources cited by The I...
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Intel revises timeline for Ohio semiconductor plants
Mar 04,2025
Intel has announced a significant delay in its planned$28 billion semiconductor manufacturing project in Ohio, pushing the completion of its first factory to 2030. Operations are expected to begin between 2030 and 2031, extending the initial timeline...
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Musk under scrutiny over $2.4 billion FAA telecom contract
Mar 04,2025
A group of US lawmakers is raising concerns over the potential involvement of SpaceX CEO Elon Musk in a$2.4 billion Federal Aviation Administration (FAA) telecommunications contract originally awarded to Verizon. Musk, who owns satellite company Star...
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Financial crime agency investigates Paytm over past transactions
Mar 04,2025
India's financial crime enforcement agency has issued a show cause notice to Paytm over alleged violations of the country's Foreign Exchange Management Act. The notice relates to the acquisition of two companies, Little Internet Private Limited and N...
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US accuses crypto entrepreneur of manipulating digital token markets
Mar 04,2025
The founder of cryptocurrency financial services firm Gotbit has been extradited from Portugal to the United States to face charges of market manipulation and fraud. Aleksei Andriunin, a 26-year-old Russian national, appeared in a Boston court, where...
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US investigates UK over alleged backdoor demand for Apple data
Mar 03,2025
United States officials are reviewing whether the UK breached a bilateral agreement by reportedly pressuring Apple to create a 'backdoor' for government access to encrypted iCloud backups. Apple recently withdrew an encrypted storage feature for UK u...
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European Commission unveils major clean industry support package
Mar 03,2025
The European Commission has proposed a
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Senator Warren urges stricter AI chip controls on China
Mar 03,2025
Senator Elizabeth Warren has called for tougher restrictions on Chinese technology, urging President Donald Trump's nominee for a key trade role to reinforce AI chip controls. In a letter to Jeffrey Kessler, the nominee for the Commerce Department's ...
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Intuit expects solid Q3, but profit forecast falls short
Feb 27,2025
Intuit has projected stronger-than-expected third-quarter revenue, driven by growing demand for its AI-powered financial services and a busy US tax season. The company's optimistic forecast sent its shares up nearly 5% in extended trading. Chief Fina...
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