Online predators force teens to self-harm and livestream suicide for digital ‘entertainment’: FBI warns of global network ‘764’
TRENTON, NJ — The FBI issued a stark warning this week about a disturbing rise in violent online networks, including one known as “764,” which are actively targeting children and vulnerable individuals…
Fox announces new unit to house digital businesses
(Reuters) – Media company Fox Corp on Wednesday said it would house its standalone digital businesses under a new unit, Tubi Media Group, along with its news, sports and entertainment digital platforms.…
Fed’s Bowman sees potential for interbank digital dollar
(Reuters) – A so-called “wholesale” central bank digital currency could hold promise for the future settlement of certain financial market transactions and processing international payments, Federal Reserve Governor Michelle Bowman said on…
Coinbase halts support for Signature Bank’s digital payments platform
(Reuters) – Cryptocurrency exchange Coinbase Global Inc said on Monday it has stopped support for Signature Bank’s digital payments platform Signet, more than a week after U.S. regulators took control of the…
Santander’s Mexico arm to launch digital bank by March 2024
By Valentine Hilaire and Noe Torres MERIDA, Mexico (Reuters) – The Mexican arm of Spain’s Banco Santander plans to launch digital lender Openbank by the end of March 2024 to offer checking…
Quantum computer startup SEEQC unveils digital chip that operates at super cold temp
By Jane Lanhee Lee OAKLAND, Calif (Reuters) – New York-based quantum computer startup SEEQC said on Wednesday it has developed a digital chip that can operate at temperatures colder than outer space…
Factbox-China moves towards digital economy dream with national data bureau
By Josh Ye and Julie Zhu HONG KONG (Reuters) – China has announced plans for a national data bureau, describing it as part of an effort to coordinate data resources in the…
Brazil announces pilot for digital currency seeking to leverage financial services
BRASILIA (Reuters) – Brazil’s central bank announced the start of a digital currency pilot project on Monday, aiming to replicate the success of its instant payment system Pix to popularize financial services…
Australia’s central bank pairs with industry on digital A$ projects
SYDNEY (Reuters) – Australia’s central bank is launching 14 pilot projects with the financial industry to develop real world applications for a digital Australian dollar, with the focus on business use rather…
BoE and Treasury think UK is ‘likely’ to need digital currency – Telegraph
LONDON (Reuters) -The Bank of England (BoE) and Britain’s finance ministry think the UK is likely to need to create a central bank digital currency (CBDC) later this decade, the Telegraph newspaper…
Big Tech earnings show digital ads market not out of the woods
By Sheila Dang (Reuters) – After a challenging 2022 in which advertising-dependent companies faced shrinking budgets and cratering stock prices, fourth-quarter results this week from Alphabet, Meta Platforms and Snap showed they…
DOJ poised to sue Google over digital ad market dominance – Bloomberg News
(Reuters) -The U.S. Justice Department is poised to sue Alphabet Inc’s Google as soon as Tuesday regarding its dominance over the digital advertising market, Bloomberg News reported on Monday, citing people familiar…
BoE sceptical over digital pound as euro zone backs work on digital euro
By Huw Jones LONDON (Reuters) – Bank of England Governor Andrew Bailey questioned the need for a digital pound on Monday just as euro zone finance ministers backed further preparatory work on…
Digital Advertising Business Owner And Operator Sentenced To Prison For $5 Million Ponzi Scheme
LAS VEGAS – A Las Vegas business owner and operator who pleaded guilty to wire fraud was sentenced yesterday by U.S. District Judge Jennifer A. Dorsey to 34 months in prison followed…
Israel regulator awards licence to investors to set up new digital bank
JERUSALEM (Reuters) – Israel’s banking regulator on Sunday approved a conditional licence and control permit to a group of entrepreneurs to establish a new online bank, the second addition to the highly…
Cash loses top spot in euro zone as digital payments spread
FRANKFURT (Reuters) – Cash is losing its top spot as the euro zone’s dominant means of payment, a European Central Bank survey showed on Tuesday, in a historic shift for a part…
Brazil central bank to launch its digital currency in 2024
BRASILIA (Reuters) – Brazil’s central bank aims to launch its digital currency in 2024 after a closed pilot program next year with financial institutions, bank president Roberto Campos Neto said on Tuesday,…
CFTC to charge FTX ex-CEO with digital commodity asset fraud -source
WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission will file charges on Tuesday against cryptocurrency exchange FTX founder Sam Bankman-Fried over alleged digital commodity asset fraud, a source familiar with the…
NY Fed official: Digital dollar could speed foreign exchange settlement
By Michael S. Derby (Reuters) – A top Federal Reserve Bank of New York official said on Friday that the bank sees promise in using a central bank digital dollar to speed…
Digital payments firm Stripe to lay off 14% of workforce
(Reuters) – Stripe Inc, the digital payments giant which was valued at $95 billion in its last funding round, is cutting its headcount by about 14% as startups trying to navigate a…
France, Singapore, Switzerland jointly test central bank digital currencies
LONDON (Reuters) – France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies (CBDCs) in the first cross-regional trial of its kind. The project, which will…
Google veteran launches ‘digital family office’ backed by Betsy Cohen, Eric Schmidt
By Hannah Lang (Reuters) -Arta Finance, a fintech that aims to replicate the family office experience for a wider audience through artificial intelligence, debuted on Wednesday with $90 million in funding from…
Binance CEO sees no threat to crypto from central banks’ digital currencies
By Sergio Goncalves and Catarina Demony LISBON (Reuters) – Plans by central banks to launch digital currencies are not a threat to other cryptocurrencies as they would validate blockchain technology and build…
India cenbank to start pilot of digital rupee on Nov 1
BENGALURU (Reuters) – The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, it said on Monday, identifying nine banks,…
‘Digital Town Square’: Elon Musk Sheds More Light On His Plans For Twitter
‘Digital Town Square’: Elon Musk Sheds More Light On His Plans For Twitter John Hugh DeMastri on October 27, 2022 One day before a judge-imposed deadline to close his deal to acquire…
China’s digital yuan stands out in cross-border pilot in a show of global ambition
By Georgina Lee and Samuel Shen HONG KONG/SHANGHAI (Reuters) – China’s digital yuan took the centre stage in the world’s largest cross-border central bank digital currency (CBDC) trial to date, a report…
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