Day: 15 May 2023

According to a recent survey conducted by Bloomberg's Markets Live Pulse, Bitcoin has the potential to become one of the top three assets in the event of a U.S. debt default.  The survey, conducted from May 8 to May 12, 2023, gathered responses from 637 participants, including both professional and ...

Amazon will harness the power of artificial intelligence (AI) to enhance its delivery process and bridge the gap between products and customers. Stefano Perego, Amazon's Vice President of Customer Fulfillment and Global Operations Services for North America and Europe, made this known while highlighting the significant role of AI across ...

The US Department of Justice (DOJ) is stepping up efforts to combat illegal cryptocurrency activities by targeting hackers and exploiters of decentralized finance (DeFi) platforms.  In response to a surge in such activities over the past four years, the department announced the establishment of the National Cryptocurrency Enforcement Team (NCET), ...

Zimbabwe's central bank has defied warnings from the International Monetary Fund (IMF) and issued digital tokens backed by gold worth $39 million. This decision comes as the country grapples with high inflation and volatile currency fluctuations. The tokens were launched in April and made available for purchase from May 8 ...

South Korean legislator Kim Nam-kuk has resigned from the Democratic Party following allegations of involvement in cryptocurrency activities while participating in the enactment of the country’s digital assets legislation. Kim declared his intention to prove his innocence and noted that his resignation would relieve party members of the burden caused ...

On May 15, 2023, Samsung Electronics and the Bank of Korea (BOK) signed a memorandum of understanding (MOU) to form a strategic partnership to conduct extensive research on offline capabilities of the central bank digital currency (CBDC) for payments.  According to a report from local media, Samsung's involvement will be ...

OpenAI CEO Sam Altman is reportedly in "advanced talks" to secure $100 million in funding for Worldcoin, a project focused on creating a globally distributed and cooperatively owned cryptocurrency.  The funding is expected to come from a private token sale involving both existing and new investors. Notable investors in the ...