On Tuesday, in a significant development, central banks have said, they are set to regulate cross-border stablecoins, including Facebook’s Libra, with a common approach; they also mentioned that more rules may be introduced later to ensure market stability. The prospect of a currency-backed stablecoin being used by billions of people on Facebook has galvanized central…
According to sources with knowledge of the matter at hand, Revolut, a digital banking app plans on applying for a bank charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within weeks. Although Revolut’s bank charter will be with California, it will allow the lender to operate widely throughout…
After entering the Indian market 20 years ago, United States based iPhone maker Apple has just now started to sell directly to customers of the market. On Wednesday, its online store was launched by Apple in India which marked a very important move by the company in one of the largest economies of the world.…
A study conducted on millions of tweets have found that anti-vaccination content generated by bots are rarely retweeted by Twitter users which suggests that there are some serious limitations in the use of bots in spreading vaccine misinformation. The role of bots was apparently found to be ineffective with respect to efforts to influencing discourse…
In a statement, Twitter Inc and Facebook Inc said, they had taken down more than dozen disinformation networks used by state-backed groups and political entities in multiple countries to deceive users on their platforms. As part of that effort, they had identified and suspended more than 3,500 accounts between them, which used fake identities and…
In a statement Apple Inc said, it plans on extending its free Apple TV+ subscriptions through February; initially they were set to end within the next three months. Earlier had bundled its 1 year free subscription to its video-streaming service, which debuted commenced in November 2019 featuring shows such a Jennifer Aniston’s “The Morning Show”…
According to two sources close to the matter at hand, telecom operators Orange Belgium and Proximus plan on replacing Huawei’s mobile equipment in Belgium and Luxembourg with Nokia equivalent. The development comes with growing recognition of U.S. accusations that Huawei’s telecom gear could be used for economic and military espionage purposes by Beijing. Both Nokia…
More airlines are set to fail in the coming months despite some airlines have been helped not to go bankrupt by strong government support say aviation experts. Since January this year, 43 commercial airlines have failed, found Travel data company, Cirium. In comparison, 46 and 56 airlines had failed for the entire years of 2019…
Even though the Chinese owned short video sharing app TikTok is currently faced with a possible ban by in the United States after the government accused it of being a national security risk, many of the major advertisers including Procter & Gamble, Danone and Chipotle Mexican Grill have decided to stick around with spending on…
On Wednesday, in a statement Sharp Corp said, German automaker Daimler has signed a licensing agreement with it following a settlement in a patent infringement lawsuit concerning in-vehicle mobile communications technology. In a court ruling last month, Sharp won the patent dispute with a German court allowing Sharp to enforce a sales ban against Daimler…
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