BTC mining profits elusive as difficulty hits all-time high

    coingeek 2024-09-09 64410 views Trending
    Block reward miners on the BTC network had their least profitable month in nearly a year in August, leading to bankruptcies, share dilutions, and other ‘Hail Mary’ efforts to stave off the inevitable.

    ASEAN pledges to transform education with digital tools

    coingeek 2024-09-06 60886 views Trending
    ​ASEAN member states and partners have announced plans to collaborate on improving the state of education in the region by leveraging an array of next-gen technologies.According to a report, the ASEAN education ministers converged in Thailand for a series of high-profile meetings designed to chart a course for the future of education in the region. The meetings’ theme, “Transforming Education in the Digital Era,” drew attendance from senior officials from the ten ASEAN countries and nations in the Asia-Pacific.

    Nigeria welcomes IPv6 as part of digital transformation strategy

    coingeek 2024-09-05 39170 views Trending
    ​We are on the verge of a digital revolution thanks to robust future technologies such as blockchain, artificial intelligence (AI), and IPv6. Countries like Nigeria are uniquely positioned for exponential growth by “leapfrogging” the now outdated tech that more advanced countries are still using and harnessing future tech from the start.

    Japan implements tax reform; eyes Web3 growth

    coingeek 2024-09-04 62721 views Web3
    Japan has signaled an intention to go all in on Web3 by unveiling a new tax reform to attract global service providers.According to local reports, the Ministry of Economy, Trade and Industry is pushing for a new tax policy for digital asset firms in Japan to pursue a digitization agenda for its economy. The Minister, Takeru Saito, disclosed the ambitious tax plans during the Web X conference but did not delve into the details of the incoming tax policy.

    UK digital asset registration dips, compliance rises

    coingeek 2024-09-04 69193 views Trending
    United Kingdom’s top finance regulator reports that withdrawn digital asset applications decreased by 78% in the past year, reflecting increased compliance with rules. However, it also revealed fewer registration applications and lengthy approval times.

    New Zealand to enforce OECD tax reporting frameworks by 2026

    coingeek 2024-09-02 31172 views Trending
    New Zealand plans to implement the Organisation for Economic Co-operation and Development’s (OECD) digital asset reporting framework by April 2026, according to a recently released tax policy document.

    WEF offers steps for MENA to forge ‘intelligent economies’

    coingeek 2024-08-30 31431 views AI
    The World Economic Forum (WEF) has unveiled four strategies for the Middle East and Africa (MENA) to embrace and develop intelligent economies in a rapidly changing world.According to the WEF report, the MENA region faces many economic challenges that can be solved by leveraging digitization. The region has to integrate artificial intelligence (AI), the Internet of Things (IoT), and blockchain systems into every facet of their local economies.

    India’s CBDC has 5M users, RBI in ‘no rush’ to launch it

    coingeek 2024-08-29 74460 views Trending
    ​India’s central bank digital currency (CBDC) now boasts over 5 million users and 16 participating banks in the pilot phase, but the Reserve Bank of India (RBI) is in no rush to launch it publicly.

    Telegram founder’s arrest slammed by darknet market fans

    coingeek 2024-08-28 49422 views Trending
    The arrest of Telegram Founder/CEO Pavel Durov could have dire implications for the messaging platform’s crypto-savvy criminals.

    IDC guide predicts worldwide AI spending to reach $632 billion by 2028

    coingeek 2024-08-27 55000 views Trending
    A new report from the International Data Corporation (IDC) has predicted a sharp rise in global artificial intelligence (AI) spending in the coming years driven by a combination of factors for the emerging technology.

    Is BRICS about to announce a gold-backed currency?

    coingeek 2024-08-26 55991 views Trending
    Back in July, BRICS announced the intention to create a new payment system to rival SWIFT and further the bloc’s stated goal of de-dollarization.While the exact details of how the system works are not yet confirmed, Former Russian Ambassador to the USA Yury Ushakov made public statements confirming it would use cutting-edge digital technology, including blockchain. He called this an “important goal for the future.”

    Ghana issues draft digital asset guidelines

    coingeek 2024-08-23 63893 views Trending
    ​Ghana’s central bank has published new draft guidelines for the digital asset sector, requiring all virtual asset service providers (VASPs) to obtain licensing from the country’s securities watchdog before serving investors.

    Nigeria’s Lagos state targets real estate tokenization to boost revenue

    coingeek 2024-08-22 32817 views Trending
    ​Nigeria’s Lagos state plans to tokenize real estate to enable more retail investors to purchase property and boost the state revenues.The state’s ambitious plans were revealed by local media outlets and are expected to be laid out at the Eko Revenue Summit 2024, which kicks off on September 25.

    Tokenized deposits gaining traction in India, central bank says

    coingeek 2024-08-21 60743 views Trending
    ​India’s growing adoption of blockchains and distributed ledger technology has bolstered support for tokenized deposits or digital representations of traditional bank deposits hosted on a secure blockchain, according to the Reserve Bank of India (RBI).

    California waters down AI safety bill to appease industry opposition

    coingeek 2024-08-20 67746 views Trending
    ​California lawmakers have amended a bill that would hold artificial intelligence (AI) firms accountable for the harm caused by their products after the original draft received significant opposition from the industry, including AI firm Anthropic.

    Replacement of bank deposits by CBDC an area of key interest for deposit insurers: RBI

    coingeek 2024-08-19 34672 views Trending
    Deposit insurers or lenders that provide insurance to depositor funds against bank failures should take an interest in the degree of replacement of bank deposits by central bank digital currencies (CBDCs), according to the Reserve Bank of India (RBI).

    India has no plans to regulate digital asset sales or purchases

    coingeek 2024-08-16 32649 views Trending
    ​The Indian Ministry of Finance revealed it has no immediate plans to regulate the sale and purchase of digital assets. However, the country continues to tighten oversight on digital asset-related money laundering and terrorist financing.

    Philippine finance chief urges tax bureau to drive revenue growth through digitalization

    coingeek 2024-08-15 49299 views Trending
    The Philippines’ Department of Finance (DOF) Secretary Ralph Recto has underscored the critical role of the Bureau of Internal Revenue (BIR) in ensuring the government meets its fiscal targets, emphasizing that sustained improvements in revenue collection are essential for economic growth and national development. Speaking at the BIR’s 120th anniversary earlier this month, Recto highlighted the importance of digitalization in achieving these goals.

    Hong Kong’s digital banks urged to improve services for Web3 firms

    coingeek 2024-08-14 49767 views Web3
    ​Virtual banks in Hong Kong have been charged to improve the scope of their services to Web3 companies in the city-state following a raft of regulatory support directed into them over two years.

    AI in renewable energy to reach $4.6 billion by 2032: report

    coingeek 2024-08-13 54608 views AI
    As artificial intelligence (AI) continues to grow exponentially, new sectors are embracing emerging technology to improve industry productivity, with one report touting that renewable energies will ride the way.

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