Mastercard is exploring ways to simplify crypto transactions, which could lead to the mass adoption of these digital assets for day-to-day businesses. The US-based cards payments giant has introduced a new initiative to assess the use of its Crypto Credential programme. The aim of this programme is to ensure that people do not send crypto … Read more
Crypto scammers seem to be on an expansion drive now that the digital assets sector is logging growth in several regions around the world. Yi He, the co-founder of Binance called out Elon Musk over the weekend to take measures to ensure that the spread of fake crypto-related news on X is dealt with proactively. … Read more
Nvidia, a major supplier of chips and computing systems for artificial intelligence, on Tuesday, released a set of software tools aimed at helping chatbots watch their language. Nvidia’s chips have helped companies like Microsoft add human-like chat features to search engines like Bing. But the chatbots can still be unpredictable and say things their creators … Read more
The European Union (EU) is adding more layers to its crypto-related regulations to ensure that virtual digital assets (VDAs) are not misused by criminals to conduct or finance illicit activities. The European Banking Authority (EBA) has imposed a ‘travel rule’ on crypto firms that will require them to store details of transactions on their platforms, … Read more
The International Monetary Fund (IMF) has released a new report highlighting the rising carbon footprint of the crypto sector and stressing the need for control. To address this, the IMF has proposed a significant tax increase on crypto mining businesses to encourage the adoption of greener practices. According to the IMF’s latest estimates, crypto mining … Read more
Microsoft is bringing a new strike-based enforcement program to Xbox, aimed at curbing toxic behaviour among its players. The company outlined its new measures in a blog post, with a systemic diagram that clears up any confusion regarding how punishments will be handed out based on infractions. Based on the severity of the offence, be … Read more
Malaysia is embracing emerging technologies like Artificial Intelligence (AI) and blockchain to strengthen its fight against corruption. According to Azam Baki, chief commissioner of the Malaysian Anti-Corruption Commission (MACC), these tools enhance the agency’s ability to identify criminals involved in complex financial crimes. Last year, the MACC announced initiatives to address high-profile corruption cases that … Read more
The US Securities and Exchange Commission (SEC) has established the Cyber and Emerging Technologies Unit (CETU) to combat crypto-related cybercrimes. This new division will target illicit activities enabled by advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), and blockchain. The move follows US President Donald Trump’s recent creation of a crypto-friendly task force … Read more
Australia has introduced new rules to regulate crypto ATMs in order to safeguard citizens from financial risks associated with the technology. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has now enforced a deposit and withdrawal limit of AUD 5,000 (roughly Rs. 2.8 lakh) on crypto ATM transactions. The Australian regulator believes that this strategy … Read more