Day: 5 May 2023

Zimbabwe is set to offer its gold-backed digital currency for investors at a minimum price of $10 for individual buyers and $5,000 for businesses and other entities. The offer will be available for a limited time from May 8, 2023, to May 10, 2023. The Reserve Bank of Zimbabwe announced ...

The Kenyan Government has proposed new taxation measures to boost the country's domestic revenues and reduce its fiscal deficit amidst a persisting financial crunch. The African country is targeting its digital economy with this proposed tax regime. The new regulation is expected to boost transparency and tax collection on cryptocurrency ...

Letitia James, New York State Attorney General, has proposed a program bill to the State's Legislature to establish new guidelines for cryptocurrency firms, with the primary objective of safeguarding investors and consumers.  The proposed legislation, known as the CRPTO Act, mandates crypto firms to conduct independent auditing and financial statement ...

Blockchain technology provider nChain has announced it would invest $2.4 million in Asset Layer, a digital asset platform utilizing blockchain technology, and obtain a 20% equity stake in the company. The investment is expected to facilitate a relationship between Asset Layer and nChain that will boost the digital asset platform's ...

According to an internal document by Luke Sernau, a senior software engineer at Google's artificial intelligence (AI) efforts are threatened by the open-source community. Sernau argued that independent researchers who use open-source technology are making rapid and unexpected progress in AI development, outpacing both Google and its rival OpenAI. Sernau ...

On May 4, 2023, Vice President Kamala Harris met with top CEOs in the artificial intelligence (AI) sector to discuss concerns about the risks associated with AI. The CEOs of OpenAI, Microsoft, Google, and AI startup Anthropic attended the meeting, while Mark Zuckerberg, CEO of tech giant Meta, was absent. ...

Coinbase has reassured its investors that it has no plans to move its operations elsewhere, despite the regulatory uncertainty and looming crackdown on the cryptocurrency market in the United States.  In the company's first shareholder letter in 2023, CEO Brian Armstrong emphasized the importance of adhering to the rule of ...