Cryptocurrency exchange Coinbase COIN says that one million tech jobs are at risk of being outsourced to other countries. What Happened: Coinbase said as the U.S. goes down a path of regulatory uncertainty, the EU, U.K., UAE, Hong Kong, Singapore, Australia, and Japan are all creating environments for crypto to flourish. Coinbase said that a
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Spain’s inflation almost halved in a month to 3.1 per cent in March as energy costs dropped, in a possible early sign of a sharp fall in European headline inflation this year. The year-on-year rise in Spanish consumer prices compared with the previous month’s rate of 6 per cent and was lower than the 4
Still a long shot — With Amazon Alexas future in peril, Fire TVs offer a glimmer of hope Fire TV devices encourage the kind of Alexa interactions that actually make money. Scharon Harding – Mar 29, 2023 11:00 am UTC Enlarge / Fire TVs give Alexa hope, but the future still feels grim.Amazon reader comments
Frontier fintechs are a rapidly growing sector in the financial industry. These new players in the industry offer innovative solutions to traditional financial services, often using cutting-edge technology to provide fast, convenient and cost-effective financial solutions. One of the key characteristics of frontier fintechs is their focus on customer-centricity. Unlike traditional financial institutions, fintech companies
IN THE WILD — Ransomware crooks are exploiting IBM file-exchange bug with a 9.8 severity If you haven’t patched your Aspera Faspex server, now would be an excellent time. Dan Goodin – Mar 29, 2023 12:24 am UTC EnlargeGetty Images reader comments 11 with Share this story Share on Facebook Share on Twitter Share on
Ethereum's largest ecosystem update since The Merge occurred. Crypto players showcased new products at ETHDenver 2023. Among the highlights: implementing EIP-4337, an Ethereum Improvement Proposal that improves the ecosystem without changing its consensus-layer code. The proposal is known as Account Abstraction. See Also: Ethereum Rises Above This Major Level; XDC Network, Nexo Among Top Gainers
Apple Pay — Apple Pay Later turns Apple into a full-on money lender Financial product launches nearly a year after it was first announced. Samuel Axon – Mar 28, 2023 10:29 pm UTC reader comments 98 with Share this story Share on Facebook Share on Twitter Share on Reddit This is the main view for
Last week, members of Congress relentlessly grilled Shou Zi Chew, the CEO of Chinese social media giant TikTok. Anger toward Chew was remarkably bipartisan: Both Republicans and Democrats consider TikTok an addictive service that harms kids, provides a vector for Chinese government propaganda, and captures the personal data of millions of Americans. These concerns are
UBS has brought Sergio Ermotti back as chief executive to steer its takeover of Credit Suisse. Ermotti, who was chief executive for nine years before stepping down in 2020, will replace Ralph Hamers, UBS said on Wednesday. Hamers will remain as an adviser during a transition period, the Swiss bank said. UBS said it acted
the holy un-see — Immaculate AI images of Pope Francis trick the masses Faux puffy pontiff AI image fools many in viral social media post. Benj Edwards – Mar 27, 2023 9:41 pm UTC Enlarge / An AI-generated photo of Pope Francis wearing a puffy white coat that went viral on social media.@skyferrori on Twitter
WHEN LAWFUL INTERCEPT ISN’T LAWFUL — Bidens executive order limits governments use of commercial spyware Move comes as “clickless exploits” targets journalists and others accused of no crimes. Dan Goodin – Mar 27, 2023 9:31 pm UTC EnlargeGetty Images reader comments 34 with Share this story Share on Facebook Share on Twitter Share on Reddit
India and UAE have signed a Memorandum of Understanding (MoU) to collaborate on developing digital currencies. What Happened: The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) signed the MoU in Abu Dhabi on Monday. The MoU focuses on exploring various emerging areas of financial technology (fintech), with
Without a high-level understanding of zero-knowledge (ZK) technology running on the Ethereum Virtual Machine (EVM), its hard to conceptualize the benefit this innovation brings to the crypto economy. After attending Ethereums largest industry conference in Denver earlier this month, Benzinga was able to distinguish between the leading ZK projects, and why the technology is mission-critical
Meta Platforms IncMETA , formerly known as Facebook,announced Monday that it will stop working on digital collectibles, also known as non-fungible tokens (NFTs), in order to focus on other ways to support creators, businessesand people. This decision was made to prioritize areas where the company can make a greater impact at scale, according to Meta.
This month, Wealthfront launched fractional share trading of stocks with zero commissions. Wealthfront Stock Investing Accounts, which can be opened with just $1, offer clients curated stock selections and round out the brands saving, investing, and lending suite. To learn more, Benzinga spoke with vice president of product Dave Myszewski, who began his career at
China has significantly expanded its bailout lending as its Belt and Road Initiative blows up following a series of debt write-offs, scandal-ridden projects and allegations of corruption. A study published on Tuesday shows China granted $104bn worth of rescue loans to developing countries between 2019 and the end of 2021. The figure for these years
close video The chances of banning TikTok are very high: Rep. Mark Green Rep. Mark Green, R-Tenn., discusses the strong likelihood there will be bipartisan support to ban TikTok on The Bottom Line. Rep. Alexandria Ocasio-Cortez, D-N.Y., was criticized for defending TikTok after it was revealed the app's Chinese-owned parent company gave six-figure donations to
Dave Inc DAVE , the Los Angeles-based neobank targeting demographics ignored or charged excessive fees by bigger banks, just logged a 50% or so rise in revenues during the fourth quarter of 2022. Though the companys fourth-quarter EPS came in negative and worse than expected, the companys founder and CEO Jason Wilk is optimistic the
Time for full disclosure — The fight to expose corporations real impact on the climate Most carbon emissions caused by businesses are hidden from sight. Gregory Barber, wired.com – Mar 25, 2023 11:21 am UTC EnlargeWalter Zerla via Getty Images reader comments 76 with Share this story Share on Facebook Share on Twitter Share on
With the advent of fintech and neo-banking, many issues and pain points that have long plagued the traditional financial system have been alleviated. Accessing personal finances has never been easier. Whether applying for a loan, budgeting or cashing a check, much of an individuals financial life is mediated digitally. This has meant huge growth for