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Coinbase Expands Reach with Monetary Authority of Singapore’s Approval

The Monetary Authority of Singapore MAS has granted Coinbase, the worlds largest publicly traded cryptocurrency exchange, a Major Payment Institution

The Monetary Authority of Singapore MAS has granted Coinbase, the worlds largest publicly traded cryptocurrency exchange, a Major Payment Institution MPI licence. Using this licence, Coinbase can provide digital payment token services to businesses and individuals in Singapore. Asias leading centre for the bitcoin business is now Singapore. With 32% of the population reported to own cryptocurrencies or have held them in the past, Coinbase regards the Singaporean market as essential. However, recent crypto company failures have cooled interest in the industry. Only a few organisations successfully acquire licences from the MAS, which issues them to cryptocurrency enterprises with stringent antimoney laundering policies. Read More..

B2B Tech News | 2 years ago          

EU Takes Action Against Tech Weaponization Threats

The risk of essential technology, such as semiconductors and artificial intelligence, being weaponized by nations opposed to EU principles will be ass

The risk of essential technology, such as semiconductors and artificial intelligence, being weaponized by nations opposed to EU principles will be assessed by the European Commission. This measure reflects those taken by the US, Australia, and other nations in reaction to Chinas increasing assertiveness and aligns with the EUs economic security strategy. The EU has also listed quantum technologies and biotechnologies such as vaccinations and genome sequencing for risk assessments. By the end of the year, the assessments will be carried out in collaboration with member states, and risk mitigation steps, such as export restrictions and alliances with likeminded countries, are planned for the following year. Read More..

B2B Tech News | 2 years ago          

Unlock Rex Flyers Exclusive Benefits From Today

Rex, an Australian airline, has launched Rex Flyer, a frequent flyer loyalty programme, to compete with Qantas and Virgin Australia. For reservations

Rex, an Australian airline, has launched Rex Flyer, a frequent flyer loyalty programme, to compete with Qantas and Virgin Australia. For reservations booked by January 2, 2024, the programme offers a 5,000point signup bonus and double reward points. At Adelaide, Sydney, Melbourne and Brisbane airports, Rex is also building new lounges. After suffering a $46.1 million loss the year before, the airline reported an aftertax profit of $14.4 million for the fiscal year that ended on June 30. The frequent flyer programme offers three flight reward options Anytime, Getaway, and Ultimate, and members can earn up to seven points for every dollar spent on flights. Read More..

B2B Tech News | 2 years ago          

Data Breach Alert McLaren HealthCare Hit by Ransomware Attack

After seeing unusual activity on its computer network, McLaren Hospital, one of Michigans most prominent hospital institutions, has verified a ransomw

After seeing unusual activity on its computer network, McLaren Hospital, one of Michigans most prominent hospital institutions, has verified a ransomware attack. The company is looking into rumours that some data may be available on the dark web, and it will inform anybody who may be affected. Earlier this month, McLaren, which runs 13 hospitals and numerous medical facilities, experienced disruptions. The Black Cat/AlphV ransomware gang claimed responsibility for the attack. It claimed to have stolen 6 TB of data, including patient videos and personal information. The Michigan authorities need to be more active in offering knowledge. Read More..

B2B Tech News | 2 years ago          

From Anime Dreams to Reality ARCHAX Robot Takes Center Stage

Tokyobased startup Tsubame Industries has created a 4.5metertall robot named ARCHAX, inspired by the "Mobile Suit Gundam" anime series, available for

Tokyobased startup Tsubame Industries has created a 4.5metertall robot named ARCHAX, inspired by the "Mobile Suit Gundam" anime series, available for $3 million. The robot features cockpit monitors that display images from exterior cameras, enabling the pilot to control its arms and hands using joysticks inside the torso. ARCHAX can switch between robot mode and vehicle mode, reaching speeds of up to 10 km/h. The CEO, Ryo Yoshida, aims to produce five robots for enthusiasts and envisions applications in disaster relief and space industries. Yoshidas background in manufacturing and passion for preserving Japans manufacturing expertise drive his innovative pursuits. Read More..

B2B Tech News | 2 years ago          

Innovation Consortia Boosts Chinas Smart Vehicle Supply Chain

China is pushing for the development of innovation consortia in its smart car supply chain, encouraging company cooperation to achieve assisted and au

China is pushing for the development of innovation consortia in its smart car supply chain, encouraging company cooperation to achieve assisted and autonomous driving standards by 2025. China is the largest auto market in the world. Level 2 automation is included in more than 42% of new Chinese passenger vehicles, making them capable of managing driving tasks but still requiring driver readiness. Level 3 automation, which enables vehicles to operate under certain circumstances, is led by Apollo Go from Baidu. China wants to deploy driverless cars and develop advanced autonomous driving technologies. Still, it needs help because of export limitations and Western rivals like Tesla. Read More..

B2B Tech News | 2 years ago          

Clorox Bounces Back Stronger After Cyberattack Disruption

Following a hack that affected company operations in August, Clorox has announced the total return of manufacturing activities. The manufacturer of Bl

Following a hack that affected company operations in August, Clorox has announced the total return of manufacturing activities. The manufacturer of Bleach first disclosed a cybersecurity incident that impacted its IT infrastructure and resulted in temporary system outages and manual order processing. The company is currently switching back to automated order processing and increasing production to refill its inventory. They are also concerned with increasing shipment effectiveness and returning everything to normal. Before the cyber intrusion, Clorox had issued a warning about the possibility of a negative impact on its firstquarter earnings due to delivery delays. Other businesses, like Caesars Entertainment and MGM Resorts International, have been impacted by recent cyberattacks. Read More..

B2B Tech News | 2 years ago          

Cassavas Tailored AI Solutions to Boost African Business Competitiveness

To improve connectivity and digital services in Africa, Cassava Technologies, a panAfrican technology company, has partnered with Atlas AI, an AI anal

To improve connectivity and digital services in Africa, Cassava Technologies, a panAfrican technology company, has partnered with Atlas AI, an AI analytics platform. The alliance is concentrated on using datadriven insights to quicken digital transformation and spur economic progress throughout the continent. Cassava wants to provide its enterprise clients with specialised AI development tools created for African business requirements. Through this agreement, Cassava can provide enterprise AI solutions to African businesses, improving supply chain resilience and optimisation. Additionally, it will encourage using geospatial AI for applications that benefit the public good and aid underserved communities. Read More..

B2B Tech News | 2 years ago          



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