Pavel Durov, co-founder of encrypted messaging app Telegram, was arrested at an airport near Paris.Pavel Durov, the founder and CEO of Telegram, is expected to find out on Wednesday if he will face charges or be detained following his arrest by French authorities over alleged violations related to the messaging app.The 39-year-old Russian-born creator...
Credit: DepositphotosFor more than 3,000 years, cash, evolving from shells to coins and notes, has been a reliable medium. However, developed nations are increasingly transitioning to electronic payments.According to a recent study, electronic payments are encouraging increased spending compared to traditional cash transactions. Researchers from the University of Adelaide and the University of Melbourne...
Credit: UnsplashWe live in an era where Creativity is everything and everywhere. Influencers are taking over sales and even leading people´s consumption behavior in society. Businesses used to collaborate with celebrities to do their advertisement but a new segmentation is rising up where a more person-to-person approach is taking over, which reflects on the...
Credit: Unsplash.Embattled cryptocurrency exchange Binance faces a setback as payment card giants Mastercard and Visa discontinue certain services, reflecting the financial industry's growing caution amid regulatory scrutiny and broader compliance concerns in the crypto sector.Mastercard's Card PullbackMastercard has decided to cease offering Binance-branded cards in Latin America and the Middle East. These cards enable users...
Credit: Unsplash.The economic downturn and a heightened focus on cash flow have prompted organizations to examine their budgets closely. CFOs have mandated significant reductions in software expenditures, ranging from 10% to 30%.A report from CloudEagle, a SaaS procurement and management platform, sheds light on the evolving landscape of software spending.Shifting Priorities in Software...
The Citibank logo. Credit: Banking Dive.Citi has unveiled a new token service harnessing blockchain technology to provide digital asset solutions to its institutional clients. The bank made this announcement on Monday.Citi Token Services: Revolutionizing Digital Asset SolutionsThe newly introduced service, Citi Token Services, can convert clients' deposits into digital tokens, which can be utilized...
Credit: Unsplash.A groundbreaking paper from the Illinois Institute of Technology researchers highlights that blockchain technology, investor sentiment, and economic stress levels are significant predictors of Bitcoin returns. The empirical evidence presented in the paper aims to provide valuable insights for investors, economists, and academics.Co-authored by Sang Baum "Solomon" Kang, associate professor of finance at...
Credit: PixabayThames Water is said to be teetering on the edge of failure. The foremost water company in the UK, renowned for its significant water loss, incidents of sewage overflow, generous executive salaries, and dividend disbursements, seems to be overwhelmed with debts that exceed its financial capacity to repay.Thames Water is facing a critical...
According to reports, Microsoft is currently engaged in discussions to invest a significant amount of $10 billion in OpenAI. This strategic move is aimed at creating a competitive force against Google's search engine, which currently holds a dominant position worldwide.Microsoft has revealed its latest progression in the field of artificial intelligence with the...
A young man withdrawing cash from the ATM. Credit Pexel.Bank technology refers to the various technological tools and systems that banks use to provide financial services to their customers. These technologies have transformed the banking industry, making transactions more convenient, secure and accessible.Some of the most important bank technologies include:Online Banking: Allow, customers accessing...
