05/17/2023
MEPs’ EU AI Act proposals focus on ‘foundation models’
The obligations on providers of foundation models would apply regardless of whether the model is provided on a standalone basis or embedded in an AI system or a product.
Bitcoin, Blockchain & AI
05/17/2023
98% of UAE organisations regard AI as a major enabler, study shows
Companies investing more heavily in data science platforms to build and maintain AI models
05/17/2023
Bitpanda to invest $10 million in AI
AI driven, fully personalised, and accessible 24/7 from the phones in their pockets.
05/17/2023
Cryptocurrency hedge fund ARK36 launches algorithmic machine learning trading software
A key element of the software is Advanced Algorithmic Trading, utilising sophisticated algorithms to analyse vast amounts of market data, identify patterns, trends, and opportunities in real-time, allowing swift execution and maximum profit.
05/17/2023
AI regulation tracker: UK and EU take divergent approaches to AI regulation
While the UK is proposing a light touch regulatory approach to foster innovation, the EU has focused on establishing clear rules with the hope of attracting increased investment through regulatory clarity.
05/17/2023
Hong Kong court rules cryptocurrency is a form of property for first time
Customers were required to open and register an account with Gatecoin and deposit cryptocurrency or fiat currency to be able to make transactions and withdrawals.
05/16/2023
AI is helping investment advisors better serve their clients
Still most people also think it will never completely replace human guidance
05/15/2023
Syz to launch crypto fund of hedge funds
The fund is a result of collaboration with CMCC Global and aims to deliver returns in both bear and bull markets.
05/15/2023
Business can benefit from changing UK approach to data protection exemptions
Under the REUL Bill, Article 23 and Articles 9 and 10 of the UK GDPR will no longer take precedence.
05/12/2023
Bitcoin falls below $27,000 as U.S. regulatory crackdown pressures crypto’s biggest market makers
You’ll see more frequent gaps up and down since order books are thinner in general.
05/12/2023
Gibraltar-Based Xapo Bank Launches Tether Stablecoin Payment Rails for Retail Customers
Since enabling USDC deposits in November it has received $48million in USDC deposits and enabled $4.5million in USDC withdrawals since the function went live in March.
05/12/2023
Binance exec hits out at 'very difficult' US regulatory environment
In March, the Commodity Futures and Trading Commission charged Binance
05/12/2023
PwC launches AI collaboration with Microsoft and Icertis
As PwC rapidly grows its AI capacity, it has also entered into a strategic collaboration to accelerate enterprise digital transformation with AI-powered contract intelligence.
05/12/2023
Bitcoin’s Role in the Financial System of Maldives
These inefficiencies make it challenging for small to medium-sized businesses to access the financial support needed to grow and compete in the global market.
05/11/2023
SymphonyAI Launches Generative AI Tool for Financial Crime Detection
The offering is the first of a series of strategic applications from SymphonyAI to provide transformational generative AI applications across six separate divisions.
05/11/2023
Bank of Valletta taps Resistant AI for fraud prevention solution
Resistant AI’s tech is used by banks, insurers and fintech companies to detect document forgery, serial fraud, synthetic identities
05/11/2023
BBVA Switzerland publishes blockchain education course
The 'Blockchain to go' learning pills have been designed in a consumable format, as its name suggests
05/10/2023
Origence and Zest AI tem on automated underwriting tech for credit unions
The partnership also includes the integration of Zest AI’s machine learning (AI) underwriting technology with Origence’s consumer origination platform.
05/10/2023
BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’
At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies.
05/10/2023
Unstoppable Finance to launch DeFi bank and euro-pegged stablecoin
The stablecoin will be pegged one-to-one against the euro and backed by reserves held at the European Central Bank.