The U.S. Consumer Financial Protection Bureau (CFPB) plans to start regulating “buy-now, pay-later” (BNPL) companies like Klarna and Affirm Holdings due to worries their fast-growing financing products are harming consumers, the agency said on Thursday. The watchdog, which does not currently oversee BNPL companies or products, will issue guidance or a rule to align sector […]
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The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said. The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to three U.S. companies — KLA Corp, Lam […]
On the blockchain, Non-Fungible Tokens (NFTs) effectively serve as a means of proving ownership. They can store data from any digital object, including artwork and music files. In the world of sports and sports collectables, it is a ripe ground of the best sports NFTs to surface. Ownership of NFTs may be confirmed via the […]
The sporty all-electric car from the Netherlands resembles a BMW coupe, but is unique: It captures more carbon than it emits. “Our end goal is to create a more sustainable future,” said Jens Lahaije, finance manager for TU/ecomotive, the Eindhoven University of Technology student team that created the car. Called ZEM, for zero emission mobility, […]
The world of fintech is forever evolving. It needs to be, and the need for it to match our high level of demands requires it to be. Significant trends are introducing themselves to the world to notice their existence. If you take a closer look, you might find your golden ticket, perhaps the direction that […]
The world has just started to see 5G roll out, but Nokia is looking further ahead towards 6G. Nokia is leading multiple plans toward a 6G ready world by 2030. The Finnish giants are collaborating and fortifying their teachings on various fronts. The Nokia 6G is starting today. Let us take a look at Nokia […]
Lei Jun, the founder, and CEO of Xiaomi revealed the Xiaomi Mix Fold 2, the company’s second foldable phone, during his annual address event earlier. Despite only being available officially in China, for the time being, the Mix Fold 2’s starting price of 8999 yuan ($1,320) makes importation an option for foldable phone enthusiasts. The […]
The U.S. Commerce Department said it reached a cooperative research and development agreement with Alphabet Inc’s Google to produce chips that researchers can use to develop new nanotechnology and semiconductor devices. The deal was signed between the Commerce Department’s National Institute of Standards and Technology (NIST) and Google. The chips will be manufactured by semiconductor […]
California Governor Gavin Newsom said on Tuesday he had signed a bill into law requiring transparency of social media companies, a move that could draw criticism from tech firms and industry groups. The law, AB-587, will require social media companies to publicly post their policies regarding hate speech, disinformation, harassment and extremism on their platforms, […]
Unless you have been under a rock for the last couple of years, you have most likely heard how the metaverse will bring about a new era of digital connectedness, virtual reality (VR) experiences, and e-commerce. With all that technology in mind, do you need VR for Metaverse access or to take part in the […]