Polygon Labs and Google Cloud announced a multi-year partnership at Consensus 2023 that will see the cloud computing service provider help boost the development of the Ethereum scaling protocol’s tools and infrastructure. Polygon’s core protocols, including Polygon proof-of-stake (PoS), Polygon zkEVM and Polygon Supernets, are set to benefit from the…
Popular interactive artificial intelligence (AI) chatbot, ChatGPT, has been reallowed to provide services in Italy after addressing the privacy concerns raised by the region’s data protection agency, Garante. On March 31, OpenAI’s ChatGPT was placed on a temporary ban in Italy after a watchdog suspected the AI chatbot of violating…
Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space. The solution is dubbed the “Mastercard Crypto Credential” and its launch was announced on April 29. In an accompanying explainer video…
As cryptocurrencies continue to become a bigger part of the global economy, more and more governments are exploring ways to regulate the industry and construct rules for firms operating in the space. There have been some significant regulatory developments in recent weeks, with the European Parliament approving the Markets in…
Adding to the growing list of radical implementations to improve Twitter’s bottom line and promote citizen journalism, Tesla CEO Elon Musk announced that creators on the social media platform can now monetize their content. Ever since Musk’s takeover of Twitter, the company has taken several drastic measures to turn itself…
Patrick McHenry, the Chairman of the House Financial Services Committee, has announced a series of joint hearings in May that will focus on addressing the market structure around digital assets in the U.S. The move was revealed via a joint announcement on April 27 from Congressman McHenry, Glenn Thompson, Chairman…
Mauritius plans to launch the pilot phase of a digital rupee in November, Bank of Mauritius Governor Harvesh Kumar Seegolam announced. Many of the parameters of the prospective central bank digital currency (CBDC) are already in place. Speaking at the International Monetary Fund/World Bank Community of Central Bank Technologists meeting held…
Cross River Bank has received a consent order from the FDIC demanding further oversight, according to a filing made public on April 28. Bank receives order for lending compliance The FDIC suggested in that filing that Cross River Bank engaged in “unsafe or unsound banking practices” related to fair lending…
As digitalization takes over the financial industry, tokenization is becoming an integral part of tomorrow’s capital market. While making use of blockchain technology, tokenization securitizes assets in a digital way and creates a flurry of opportunities for assets, markets and potential investors. The continuously growing tokenization market is expected to…
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