Matthew Ryan, head of market strategy at global financial services firm Ebury, anticipates that the central bank will hike interest rates to around 6.35% within the first three months of next year. Mortgage rates in the United Kingdom have reached a 15-year high, adding pressure on homeowners and slowing the …

According to the survey, progress in the global development of CBDCs has continued since last year, with a particular emphasis on emerging economies where CBDCs are viewed as a means of providing financial access to unbanked individuals. The Bank for International Settlements (BIS) has released its 2022 survey on central …

The launch of Threads came at a time when social media enthusiasts were seeking out better alternatives to Twitter due to the newly introduced limitations on the app. Meta’s newly launched social app Threads has achieved a remarkable milestone in less than a week, surpassing 100 million users. The text-based …

In addition to Tongyi Wanxiang, Alibaba Cloud unveiled ModelScopeGPT, a versatile framework designed to streamline complex AI tasks across language, vision, and speech domains. Chinese e-commerce giant Alibaba has introduced a new AI image generation model dubbed Tongyi Wanxiang. The tool aims to enhance productivity and foster creativity for businesses …

The Kraken founder is not the first public figure in the crypto industry to be investigated by federal authorities. Jesse Powell, the controversial founder and former CEO of Kraken, one of the leading cryptocurrency exchanges, has recently found himself at the center of an investigation by the Federal Bureau of …

In addition to ChatGPT-4, OpenAI has made three other AI models’ APIs available. OpenAI, the software development company known for its generative artificial intelligence (AI) tools, said that its latest text-generating model, ChatGPT-4 API, is now available worldwide. The company made the announcement on July 6, responding to the high …

The UAE recently opened the biggest nuclear power plant in the Arab world, with a total capacity of 4 gigawatts, and is gearing up for expansion later this year. The United Arab Emirates (UAE) is establishing itself as a key destination for Bitcoin (BTC) mining in the Middle East. With …

Companies like Circle, Ripple, and the non-fungible tokens (NFTs) marketplace OpenSea have happier employees. Employee happiness is a crucial aspect of any industry, and the cryptocurrency space is no exception. However, recent data derived from Glassdoor indicates that staff satisfaction at popular crypto exchanges such as Gemini, Binance, and Coinbase …

Binance is facing regulatory challenges in multiple jurisdictions worldwide. Binance, the world’s largest cryptocurrency exchange, faces intensified regulatory scrutiny as authorities search its offices in Australia. According to a Bloomberg report on July 5 citing people familiar with the matter, the Australian Securities and Investments Commission (ASIC) invaded the company’s …

The introduction of Threads by Meta will mark the latest chapter in the ongoing rivalry between the company and Twitter. Meta Platforms, the parent company of Facebook and Instagram, is making waves in the social media landscape with the upcoming launch of its new app called “Threads”. The app aims …

To ensure the effective implementation of the new requirements, the financial regulator of Singapore has opened the draft legislative amendments to public feedback. Singapore’s cryptocurrency sector is set to undergo significant changes as the Monetary Authority of Singapore (MAS) has introduced new measures requiring crypto companies to safeguard customer assets. …

When categorizing the funding by sector, the infrastructure category emerged as the frontrunner, with $213 million recorded in June. The crypto industry has witnessed a significant decline of over 70% in venture capital investments over the past year, according to a recent report published by RootData, a leading digital asset …