Samsung and BOK team up for offline CBDC tech
Samsung and the Bank of Korea are working together to develop offline CBDC technology that can enable secure and reliable transactions using digital currency on Samsung devices with NFC. In a strategic pivot toward the future of finance, South Korean technology giant Samsung has partnered with the Bank of Korea (BOK) to enter the field […]
Nomba Raises $30M to Boost Payment Solutions In Africa
Formerly known as Kudi, the Nigerian payments firm secured a pre-Series B fundraising round led by Base10 Partners to develop and expand its innovative products and services. Nomba, a Nigerian payments firm, raised $30 million in funding before Series B. Base10 Partners of San Francisco headed the startup’s oversubscribed equity round and included major investors […]
French Senate Eases Crypto Ad Restrictions for Influencers
The French Senate’s Committee has proposed to allow social media influencers to promote crypto products from registered or licensed companies, in contrast to the National Assembly’s stricter stance. The French Senate’s Economics Committee has agreed on a proposal to let social media influencers promote crypto products from companies that have either registered with or obtained […]
IBM Plans to Automate “Back-Office” Jobs with AI
IBM CEO Arvind Krishna said the company expects to replace around 30% of its non-customer-facing staff with AI technology over the next five years. IBM Seeks to Adopt AI Technology to Improve Efficiency and Reduce Costs International Business Machines Corp (IBM) is looking to put a “pause” on hiring for “back-office” roles that could be […]
MiCA: The EU’s Game-Changing Crypto Regulation
A summary of MiCA, the first-ever comprehensive regulation of cryptocurrencies in the EU. Learn what it is, why it matters when it will apply, and what it means for the crypto industry. The European Union has approved the world’s first comprehensive regulation of cryptocurrencies. The new rules will provide legal clarity and reduce risks for […]