Kraken Australia's Managing Director Jonathon Miller said institutional crypto demand is lagging in Australia, but stablecoins and the right policy moves could help it catch up. Australia’s crypto industry is in a good spot to benefit from a global “inflection point” for crypto demand as long as its lawmakers make the right decisions, according to a...
U.S. lawmakers have urged the Securities and Exchange Commission (SEC) to review its cyber security preparedness after the financial regulator's X account posted market material information earlier in the week due to a hack. Someone briefly accessed its X, formerly called Twitter, account on Tuesday, the agency had confirmed, and posted a fake message saying it...
The New York Department of Financial Services said Digital Currency Group subsidiary Genesis Global trading will pay an $8 million penalty and surrender its license from the regulator after an investigation found significant failings in the company's anti-money laundering and cybersecurity programs. Genesis - a cryptocurrency market-maker and brokerage firm - failed to maintain an effective...
A U.S. appeals court on Friday upheld two earlier decisions by a patent tribunal that favored Masimo in its intellectual property dispute with Apple over blood oxygen sensors in newer Apple Watch models. The decisions by the Court of Appeals for the Federal Circuit concern findings by the Patent and Trademark Office and come as Apple...
Citigroup on Friday reported a $1.8 billion loss for the fourth quarter as it recorded charges to refill a government deposit insurance fund and carry out a sweeping internal reorganization. CEO Jane Fraser called the results "very disappointing," but expects this year to be a turning point. "We made substantial progress simplifying Citi and executing our strategy...
JOHOR BARU: Malaysia and Singapore are looking into implementing passport-free QR code clearance at their land checkpoints to support the Johor-Singapore Special Economic Zone (JS-SEZ). In a joint statement after signing the JS-SEZ memorandum of understanding (MOU) yesterday, Economic Minister Rafizi Ramli and Singapore’s Trade and Industry Minister Gan Kim Yong said the two countries are...
GANDHINAGAR, India : Indian data centre operator Yotta's plans to purchase more AI chips from its partner Nvidia will be worth $500 million, taking its total order book with the U.S. firm to $1 billion as Yotta beefs up AI cloud services, its chief executive told Reuters. Yotta said last month that it would place an order for...
Netflix's ad-supported tier has reached more than 23 million global active users per month, the Variety magazine reported on Wednesday, quoting the streaming giant's advertising chief Amy Reinhard. The ad tier plan was launched in November 2022 in 12 markets, including the United States, to attract more customers and add a new revenue stream as competition...
BANGKOK : Thai consumer confidence rose in December, reaching the highest level in 46 months, boosted by government measures to ease living costs and increased tourism, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce increased to 62.0 in December from 60.9 the previous month, the university said...
Alphabet's Google said on Wednesday it is laying off hundreds of people working on its voice-activated Google Assistant software and is eliminating a similar number of roles in the company's Devices and Services team. The layoffs at Google Assistant, first reported by news platform Semafor, are a part of organizational changes that have been in place...
