Digitalization is Necessary for Financial Inclusion – IMF Director
In her keynote address at the International Monetary Fund (IMF) seminar on financial inclusion in Marrakesh, Morocco, IMF Managing Director Kristalina Georgieva stated that digitalization is “the most important way” to expand financial inclusion. IMF managing director Kristalina Georgieva says digitalization is “the most important way” to scale up financial inclusion. “It is digital that […]
UK to Target Potential AI Threats at Safety Summit
In November 2023, the United Kingdom will host the inaugural international Artificial Intelligence (AI) safety summit. This event places significant emphasis on the potential existential threat that AI presents. The 1–2 November summit will emphasize the potential existential threat of artificial intelligence, a concern of numerous legislators. British Prime Minister Rishi Sunak, who perceives the […]
Reddit Closes Blockchain-based Community Points Service
Reddit has ended the blockchain-based Community Points reward program, citing regulatory and scalability issues. Reddit recently decided to stop using Community Points, their blockchain-based rewards program. Reddit mentioned the difficult regulatory environment and scalability problems as the main causes of the change in an official statement first published on TechCrunch. The Community Points scheme , […]
Bitmain Fires Employees After Salary Data Leak
Bitmain, the largest Bitcoin mining equipment manufacturer, was recently accused of suspending salary payments to its employees. According to data from the professional social network Maimai Community , some employees claimed that Bitmain had unpaid wages as of October 8 due to cash flow issues. Additionally, they stated that the 2022 bonus still needed to […]
MTS Announces Ads Services that Target Telegram Users
MTS claims it will launch an advertising service targeting Russian Telegram users, but the social messaging application denies it has any agreements in place. MTS says it will create an advertising business that targets Telegram users in Russia, although Telegram denies such agreements are in place. On October 17, the business announced the introduction of […]