Banks’ cryptocurrency projects have been upended by U.S. Securities and Exchange Commission (SEC) accounting guidance that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients, according to more than half a dozen people with knowledge of the matter. A slew of lenders including U.S. Bancorp, Goldman Sachs Group Inc, […]
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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 […]
The rollout of the eagerly anticipated iPhone series is here. Apple is preparing its users for the transition by releasing the newest iOS 16. It might be the most exciting iOS update Apple has ever given us. Loads of new features, soon to be iconic and most probably copied by various phone manufacturers. Here […]
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, […]
Compass Minerals International Inc said on Wednesday it will use a lithium extraction technology developed by EnergySource Minerals LLC to produce the electric vehicle battery metal for Ford Motor Co and others. Washington has been pressing for U.S. companies to find greener ways https://www.reuters.com/business/sustainable-business/new-lithium-technology-can-help-world-go-green-if-it-works-2022-04-07 to boost domestic production of battery metals and lessen the country’s […]
U.S. investment in foreign chip companies is a potential concern for the Biden administration, a White House official said on Wednesday, but he stressed it has not yet made a final decision on a potential mechanism regulating U.S. investments in China. National Security Council official Peter Harrell heralded the administration’s efforts to kick-start U.S. chipmaking […]
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 […]