The digital era has expanded its limitations of deliverance to reach financial services. The World Bank is implementing a strategy to enlarge the adoption of digital financial services in developing countries to answer poverty and suffering economies. The integration of technology and finance (Fintech) in countries where an economy based on traditional services is suffering […]
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Babel Finance, the Hong Kong-based crypto lender which suspended withdrawals and redemption of crypto assets on Friday, said it has reached an agreement with counterparties on the repayment of some debts to ease short-term liquidity. Cryptocurrency valuations have plunged in recent weeks as investors dump risky assets in a rising interest rate environment. Bitcoin BTC=BTSP, […]
The evolution of wireless technologies has been going at a steady pace. Two technologies have been dominating the market for more than two decades. The advent of GSM or 2G as it is widely known, has allowed true mobile communications that culminated with the latest 5G evolution, while the Wireless Fidelity (Wi-Fi) standard has brought […]
China’s Tencent Holdings announced to its staff on Monday the official formation of an “extended reality” (XR) unit, three people familiar with the matter said, formally placing its bets on the metaverse concept of virtual worlds. The unit is tasked with building up the extended reality business for Tencent including both software and hardware, the […]
Bitcoin on Sunday rose around 7.6 percent to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday. Bitcoin, the world’s biggest and best-known cryptocurrency, is now up 16.7 percent from this year’s low of $17,592.78 on June 18, when it tumbled on investor worries about growing troubles in the crypto […]
Lithuanian authorities said a ban on the transit through their territory to the Russian exclave of Kaliningrad of goods that are subject to EU sanctions was to take effect from Saturday. News of the ban came on Friday, through a video posted by the region’s governor Anton Alikhanov. The EU sanctions list notably includes coal, […]
For the police, the use of facial technology in a technologically accelerated world is nothing but a means to optimize their internal operations to deliver a more safeguarded environment, conduct faster investigations, and catch criminals. But for the public, the police use of facial recognition is a cause of concern in terms of a potential […]
Republican senators on Friday asked TikTok Chief Executive Shou Zi Chew about reports the social media site had allowed Russian state-approved media content but barred other videos. “Recent reports indicate TikTok… has allowed Russian state media to flood the platform with dangerous pro-war propaganda. No company should find itself in the position of amplifying the […]
The Russian subsidiary of Alphabet’s Google has submitted a declaration of bankruptcy, Interfax reported on Friday, citing court filings online. The subsidiary announced plans to file for bankruptcy in May after authorities seized its bank account, making it impossible to pay staff and vendors. “The Russian authorities’ seizure of Google Russia’s bank account has made […]
How Can Telcos Help Solve Rural Connectivity? Access to the internet is still an issue for many people across the globe — the most recent data collected by DataReportal revealed that just over 40 per cent of the world’s total population don’t have it. In a world where digitalisation is gaining traction, internet connection is often perceived as […]