August 7, 2023 By Sharan Kaur Phillora In an advancement that marks a significant stride in the AI landscape, Alibaba Group, China’s tech and e-commerce powerhouse, declared the introduction of two open-sourced artificial intelligence models, Qwen-7B and Qwen-7B-Chat, on August 3rd. These models, each comprising 7 billion parameters, are trimmed versions of the Tongyi Qiawen, […]

August 7, 2023 By Anjali Kochhar The NFT market has recently experienced a liquidity shortage. Previously, it was booming with massive liquidity and extraordinary interest. This has been hampered by a number of challenges, including skepticism regarding the usefulness and long-term value of NFTs, governmental prohibitions, and technological limitations. Overall liquidity has also been impacted

August 4, 2023 By Anjali Kochhar Aug 2, 2023, Cryptocurrency exchange Binance witnessed a staggering $90 billion in monthly transactions related to cryptocurrency assets in China, despite the trading of such digital assets being outlawed in the country since 2021, according to a report by the Wall Street Journal (WSJ) on Tuesday. The data cited

August 4, 2023 By Sharan Kaur Phillora The United States Department of Justice (DoJ) is reportedly considering levying fraud charges against Binance, the world’s largest cryptocurrency exchange, but is hesitant due to potential fallout and harm to consumers. Here’s what we know: According to a report by Semafor on August 2, officials within the Justice Department are

August 3, 2023 By Anjali Kochhar Blockchain has revolutionized the way how the digital world works and is perceived today, how fast information travels through connected devices within a fraction of a second. From the global financial meltdown in 2008 till date, no other information technology services have witnessed such tremendous growth and spiked up

August 3, 2023 By Sharan Kaur Phillora Worldcoin, the contentious digital ID cryptocurrency project, officially launched on July 24 after three years of development, but it has been met with mixed reviews and significant scrutiny over data privacy. Here’s what we know: Co-founded by Sam Altman, CEO of OpenAI, the project came into the limelight

August 2, 2023 By Sharan Kaur Phillora On July 31, the city of Shanghai, China’s technology and commercial hub, launched a comprehensive plan to advance its urban blockchain digital infrastructure system by 2025. This strategic move is aimed at transforming Shanghai’s urban digital environment and reinforcing blockchain’s role in the economy, public services, and governance. Here’s

August 2, 2023 By Sharan Kaur Phillora Fubon Bank Hong Kong has announced its collaboration with US-based fintech company Ripple to pioneer a real estate tokenization program. Slated for the third quarter, this initiative aims to harness digital currencies and blockchain technology to enhance property transactions and lending procedures. Here’s what we know: As part of

August 1, 2023 By Sharan Kaur Phillora Chinese authorities have taken the unprecedented step of arresting several core members of a well-known Decentralized Autonomous Organization (DAO), signaling a potential legal turning point for DAOs within the country.  Here’s what we know: The incident was first reported by Twitter user @wublockchain12, marking the first instance of

August 1, 2023 By Anjali Kochhar Argentinian police have launched a murder investigation after the dismembered remains of millionaire Fernando Pérez Algaba, 41, were discovered by children in Buenos Aires Province. The grisly find occurred when kids playing by a stream found a red suitcase containing body parts over the weekend. The police inspected the