CRYPTOCURRENCY
Oracle Introduces PCI-Compliant Payment Cloud Service in the UK
Oracle launches PCI-compliant Payment Cloud Service in the UK with fixed-rate pricing and streamlined reporting.
Anyscale and deepsense.ai Collaborate on Cross-Modal Search for E-commerce
Anyscale and deepsense.ai develop a scalable cross-modal image retrieval system for e-commerce.
Navigating AI Transparency and Privacy in Digital Commerce
As AI transforms digital commerce, transparency and proactive privacy measures become key to balancing innovation with consumer trust and safety.
Mercari Japan Embraces Bitcoin Payments
Mercari, Japan's e-commerce leader, announces Bitcoin payment integration by June 2024, leveraging its subsidiary Melcoin. This reflects Japan's advanced crypto regulatory environment, fostering digital currency adoption in commerce.
US Government Grants $162 Million to Microchip Technology for Semiconductor Production Boost
US grants $162M to Microchip Technology, bolstering domestic semiconductor production under the CHIPS & Science Act.
Chamber of Digital Commerce Joins Forces to Counter SEC's Lawsuit Against Binance.US
The Chamber of Digital Commerce has spearheaded a collective effort to defend Binance.US against the SEC's lawsuit. The chamber, along with Binance.US and other industry stakeholders, is challenging the SEC's regulatory approach, marking a significant collaborative resistance within the cryptocurrency sector.
US Toughens Export Controls on Semiconductors to China Amid Military Concerns
The US Department of Commerce tightened export controls on advanced computing semiconductors to China and other countries of concern to address national security threats posed by military modernization. The rules, effective from November 16, 2023, refine the parameters defining restricted chips, introduce a global licensing requirement, and expand controls on semiconductor manufacturing equipment. The update also adds certain PRC entities to the Entity List, requiring a BIS license for foundries manufacturing chips for these entities.
Mastercard Unveils Interoperable CBDC in Australia
Mastercard, in association with the RBA and DFCRC, has demonstrated a groundbreaking interoperable CBDC solution to enhance Web3 commerce in Australia and beyond. The live demonstration showcased a pilot CBDC holder purchasing an NFT on Ethereum, utilizing Mastercard’s Multi Token Network, emphasizing the potential of blockchain interoperability in fostering secure and efficient digital commerce.
Visa Announces $100 Million Fund for Generative AI in Commerce and Payments
Visa Inc. has announced a $100 million fund to invest in generative AI technologies that are relevant to commerce and payments. The initiative, led by Visa Ventures, aims to foster innovation in the rapidly evolving field of artificial intelligence.
Citcon Partners with Cash App Pay and Afterpay to Enhance E-commerce Payment Solutions
Citcon partners with Cash App Pay and Afterpay to offer e-commerce businesses a range of streamlined payment options. The collaboration aims to simplify the payment process for both merchants and consumers, targeting especially the Millennial and Gen Z demographics.