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Apple Loses $113 Billion In Market Value As Regulators Close In
Regulators on both sides of the Atlantic are training their eyes on Apple Inc., unnerving investors with fears over fines and threatening its market dominance.
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Meta Concerned Over Telecom Bill’s Ambiguities, Fears Government Regulation of OTT Apps: Report
The Parliament passed the Telecommunications Bill, 2023, which seeks to amend the laws relating to telecommunication services and networks, on Thursday. The bill, introduced by Communications, Electronics and Information Technology Minister Ashwini Vaishnaw on December 13, would allow for the government to temporarily take control of telecom servic...
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"I Also Worry...": OpenAI CEO Sam Altman On AI Regulation
The CEO of ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but it is important and should not be feared, amid global concerns about rapid advances in artificial intelligence, or AI.
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ASEAN Countries Said to Set Ethics 'Guardrails' With AI Governance Codes
Southeast Asian countries are drawing up governance and ethics guidelines for artificial intelligence (AI) that will impose "guardrails" on the booming technology. Regulators across the world are rushing to draft regulations to govern the use of generative AI, which can create text and images and is engendering excitement as well as fear about its ...
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IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
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ChatGPT's Popularity Worries US Lawmakers About Its Impact on National Security
ChatGPT, a fast-growing artificial intelligence program, has drawn praise for its ability to write answers quickly to a wide range of queries, and attracted US lawmakers' attention with questions about its impact on national security and education. It was created by OpenAI, a private company backed by Microsoft, and made available to the public f...
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FTX Bankruptcy: US Prosecutors Began Probing Crypto Exchange Months Before Collapse: Report
FTX was being probed by US federal prosecutors months before the crypto exchange collapsed earlier this month, according to a report. The beleaguered crypto exchange filed for US bankruptcy protection and its founder Sam Bankman-Fried resigned as chief executive, after rival exchange Binance walked away from a proposed acquisition. The implosion of...
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Coinbase CFO Says Full Contagion of FTX Bankruptcy Yet to Be Revealed: Report
Coinbase CFO Alesia Haas said on Wednesday that the full extent of the fallout on the crypto industry from the collapse of Sam Bankman-Fried's FTX was yet to come out. The fallen crypto exchange fifiled for bankruptcy protection in the US on Friday in the highest-profile crypto blowup to date, after traders pulled billions from the platform in thre...
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India Has Around 115 Million Crypto Investors, Number May Rise Post Legal Clarity: KuCoin
In a new report, KuCoin crypto exchange has claimed that India currently has over 115 million crypto investors, making for 15 percent of its massive population. Majority Indian crypto investors are aged between 18 to 60. A key factor that is keeping people from investing in crypto is regulatory uncertainty prevailing in the country, as well as fear...
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Big Tech May Have to Share Europe Network Costs Amid Pressure From EU Countries, Reveals Document
EU regulators are being pushed by France, Italy and Spain to draft a legislation ensuring Big Tech firms partly finance telecoms infrastructure in the bloc, reveals a document. In May, Eu regulators were analysing whether Alphabet's Google, Meta and Netflix should share the cost. However, digital rights activists fear that making Big Tech pay for n...
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Binance.US Appoints Former PayPal, Acorns Executive Jasmine Lee as CFO
Binance.US has hired former PayPal executive Jasmine Lee as its chief financial officer. Lee previously served as CFO, CEO at Acorns. The appointment comes at a time when investors have been dumping digital assets on fears that aggressive interest rate hikes.
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Russian Antivirus Software Usage to Be Curbed by Italy in Public Sector Over Hacking Fear
Italy's government is poised to curb the use of Russian antivirus software in the public sector in the wake of Russia's invasion of Ukraine, fearing Moscow could hijack the programs to hack key websites, officials said.
-
Crypto Ban in India 'Difficult to Implement', Says Ashima Goyal of India’s Monetary Policy Committee: Report
While India is still mulling ways to regulate the crypto sector expanding in the country, investors had been fearing a complete crackdown on crypto activities in India. As per a renowned economist and Monetary Policy Committee (MPC) member, however, a complete ban on cryptocurrencies is difficult to implement for India.
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Volatility Is Colossal: Vladimir Putin Calls for Greater Crypto Monitoring, Regulation
The Russian President fears the risks that come with cryptocurrencies, which are decentralised and unregulated assets, capable of facilitating instant money transfers without geographical restrictions.
-
Didi Asked by Chinese Regulators to Delist From US on Security Fears: Report
Chinese regulators have asked top executives of ride hailing giant Didi to devise a plan to delist from US bourses on Security fears, Bloomberg News reported.
-
Apple Loses $113 Billion In Market Value As Regulators Close In
Regulators on both sides of the Atlantic are training their eyes on Apple Inc., unnerving investors with fears over fines and threatening its market dominance.
-
Meta Concerned Over Telecom Bill’s Ambiguities, Fears Government Regulation of OTT Apps: Report
The Parliament passed the Telecommunications Bill, 2023, which seeks to amend the laws relating to telecommunication services and networks, on Thursday. The bill, introduced by Communications, Electronics and Information Technology Minister Ashwini Vaishnaw on December 13, would allow for the government to temporarily take control of telecom servic...
-
"I Also Worry...": OpenAI CEO Sam Altman On AI Regulation
The CEO of ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but it is important and should not be feared, amid global concerns about rapid advances in artificial intelligence, or AI.
-
ASEAN Countries Said to Set Ethics 'Guardrails' With AI Governance Codes
Southeast Asian countries are drawing up governance and ethics guidelines for artificial intelligence (AI) that will impose "guardrails" on the booming technology. Regulators across the world are rushing to draft regulations to govern the use of generative AI, which can create text and images and is engendering excitement as well as fear about its ...
-
IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
-
ChatGPT's Popularity Worries US Lawmakers About Its Impact on National Security
ChatGPT, a fast-growing artificial intelligence program, has drawn praise for its ability to write answers quickly to a wide range of queries, and attracted US lawmakers' attention with questions about its impact on national security and education. It was created by OpenAI, a private company backed by Microsoft, and made available to the public f...
-
FTX Bankruptcy: US Prosecutors Began Probing Crypto Exchange Months Before Collapse: Report
FTX was being probed by US federal prosecutors months before the crypto exchange collapsed earlier this month, according to a report. The beleaguered crypto exchange filed for US bankruptcy protection and its founder Sam Bankman-Fried resigned as chief executive, after rival exchange Binance walked away from a proposed acquisition. The implosion of...
-
Coinbase CFO Says Full Contagion of FTX Bankruptcy Yet to Be Revealed: Report
Coinbase CFO Alesia Haas said on Wednesday that the full extent of the fallout on the crypto industry from the collapse of Sam Bankman-Fried's FTX was yet to come out. The fallen crypto exchange fifiled for bankruptcy protection in the US on Friday in the highest-profile crypto blowup to date, after traders pulled billions from the platform in thre...
-
India Has Around 115 Million Crypto Investors, Number May Rise Post Legal Clarity: KuCoin
In a new report, KuCoin crypto exchange has claimed that India currently has over 115 million crypto investors, making for 15 percent of its massive population. Majority Indian crypto investors are aged between 18 to 60. A key factor that is keeping people from investing in crypto is regulatory uncertainty prevailing in the country, as well as fear...
-
Big Tech May Have to Share Europe Network Costs Amid Pressure From EU Countries, Reveals Document
EU regulators are being pushed by France, Italy and Spain to draft a legislation ensuring Big Tech firms partly finance telecoms infrastructure in the bloc, reveals a document. In May, Eu regulators were analysing whether Alphabet's Google, Meta and Netflix should share the cost. However, digital rights activists fear that making Big Tech pay for n...
-
Binance.US Appoints Former PayPal, Acorns Executive Jasmine Lee as CFO
Binance.US has hired former PayPal executive Jasmine Lee as its chief financial officer. Lee previously served as CFO, CEO at Acorns. The appointment comes at a time when investors have been dumping digital assets on fears that aggressive interest rate hikes.
-
Russian Antivirus Software Usage to Be Curbed by Italy in Public Sector Over Hacking Fear
Italy's government is poised to curb the use of Russian antivirus software in the public sector in the wake of Russia's invasion of Ukraine, fearing Moscow could hijack the programs to hack key websites, officials said.
-
Crypto Ban in India 'Difficult to Implement', Says Ashima Goyal of India’s Monetary Policy Committee: Report
While India is still mulling ways to regulate the crypto sector expanding in the country, investors had been fearing a complete crackdown on crypto activities in India. As per a renowned economist and Monetary Policy Committee (MPC) member, however, a complete ban on cryptocurrencies is difficult to implement for India.
-
Volatility Is Colossal: Vladimir Putin Calls for Greater Crypto Monitoring, Regulation
The Russian President fears the risks that come with cryptocurrencies, which are decentralised and unregulated assets, capable of facilitating instant money transfers without geographical restrictions.
-
Didi Asked by Chinese Regulators to Delist From US on Security Fears: Report
Chinese regulators have asked top executives of ride hailing giant Didi to devise a plan to delist from US bourses on Security fears, Bloomberg News reported.
