Binance launches $1bn fund to encourage mass crypto adoption October 12, 2021 Binance, the world’s largest crypto exchange, has launched a $1bn (£736m) Crypto Mass Adoption Fund to accelerate the use of digital assets and blockchain technology. The billion dollar investment will support the Binance Smart Chain, a blockchain which developers can use to build decentralised applications (dapps) and projects. Half of the fund will be reserved [...]
Binance launches $1bn fund to encourage mass crypto adoption – CityAM : CityAM October 12, 2021 Binance, the world’s largest crypto exchange, has launched a $1bn (£736m) Crypto Mass Adoption Fund to accelerate the use of digital assets and blockchain technology. The billion dollar investment will support the Binance Smart Chain, a blockchain which developers can use to build decentralised applications (dapps) and projects. Half of the fund will be reserved [...]
‘FCA claimed a big scalp’: NatWest’s £320m money laundering fine sends message to the entire City October 8, 2021 NatWest is this morning staring at the prospect of a fine of up to £320m following the bank’s admission of guilt yesterday in relation to three charges of money laundering. The banking giant admitted it had failed to properly monitor £365m when it was deposited into a customer’s account. The case is widely seen as [...]
Brits given unprecedented access to reactor 4, the heart of Chernobyl’s disaster zone October 7, 2021 British researchers have been granted unprecedented access to Chernobyl’s reactor 4, which triggered the worst nuclear disaster the world has seen, to test systems developed to aid the decommissioning process. The team led by University of Bristol scientists have tested a new radiation scanning system at the heart of the Chernobyl disaster zone. The group [...]
Facebook’s artificial intelligence catches little offending content, says whistleblower October 6, 2021 Whistleblower Frances Haugen testified in a congressional hearing that “Facebook’s AI systems only catch a very tiny minority of offending content. And best case scenario, and the case of something like hate speech, at most they will ever get 10 to 20 percent.” Watch the full report.
Facebook accused of being ‘morally bankrupt’ at whistleblower Frances Haugen Senate hearing October 5, 2021 Whistleblower Frances Haugen is testifying against Facebook before the US Senate, and has accused the firm of putting “astronomical profits before people” and said it “harms children.” Haugen, a former Facebook product manager, began her testimony by saying: “I believe Facebook’s products harm children, stoke division and weaken our democracy.” During the committee hearing, Senator Blumenthal, [...]
Conservative conference: Rishi Sunak declares the ‘future is here’ October 4, 2021 Rishi Sunak has declared the “future is here” in his party conference speech as he vowed to bring the UK’s economy into the 21st century. The chancellor said “I want tax cuts”, but that first “public finances must be put back on a sustainable footing”. It comes after the government recently increased National Insurance Contributions [...]
Robot lawyers aren’t the distant future – they’re real and will revolutionise trade September 29, 2021 Would you trust artificial intelligence to make your financial decisions? How about conducting legal services? In some areas it may already do so. As AI becomes more advanced and the world becomes more integrated, these technologies are reshaping the way we think of the global trade in services. Last week, the new Secretary of State for [...]
London Tech Week: Russ Shaw looks back at a spectacular week September 28, 2021 London Tech Week – the showcase of all things innovative – happened last week and Tech London Advocates and Global Tech Advocates boss Russ Shaw CBE is back writing us reflecting on the jamboree. Here’s he looks back on the week that was. What a week it has been! London Tech Week saw a new [...]
Post-Brexit ambitions: UK outlines 10-year plan to become global leader in AI September 22, 2021 The UK has outlined a 10-year plan today to make the country a leader in Artificial Intelligence (AI), in a bid to draw in foreign investment and shape the way it is regulated globally. In the country’s first AI strategy, which comes amid London Tech Week, the UK has proposed a new white paper on [...]