TechREG

Wells Fargo Fake Accounts Settlements Nears $5 Billion Mark
Wells Fargo Fake Accounts Settlements Nears $5 Billion Mark
September 10, 2023  |  Legal

Wells Fargo will pay $1 billion to settle an investor lawsuit tied to authorized customer accounts. The settlement was approved Friday (Sept. 8) by U.S. District...

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This Week in AI: Deepfakes, Vertical Horizons and Smarter Assistance 
This Week in AI: Deepfakes, Vertical Horizons and Smarter Assistance 
September 08, 2023  |  artificial intelligence

Is it Moore’s Law, or more’s law?  Anyone keeping an eye on the generative artificial intelligence (AI) landscape could be forgiven for confusing the two. ...

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Tether Sees Market Cap Drop Amid Broader Stablecoin Troubles
Tether Sees Market Cap Drop Amid Broader Stablecoin Troubles
September 03, 2023  |  Cryptocurrency

Tether has seen its market capitalization fall for the first time in nine months amid a shaky stablecoin market. Tether’s USDT token’s market cap fell 1.2%...

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Big Tech Escapes California’s Social Media Addiction Bill Again
Big Tech Escapes California’s Social Media Addiction Bill Again
September 03, 2023  |  Regulation

A California bill proposing to hold platforms accountable for social media addiction has died in committee. As Bloomberg News reported Friday (Sept. 1), this marks the second...

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EU’s AI Act Raises Questions Around Who Will Watch the Watchers
EU’s AI Act Raises Questions Around Who Will Watch the Watchers
August 29, 2023  |  artificial intelligence

Lawmakers around the globe are organizing their efforts to tackle artificial intelligence (AI) more aggressively. Both Beijing and Brussels have struck first, although the European...

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Bitstamp Ends U.S. Crypto Staking Due to ‘Regulatory Dynamics’
Bitstamp Ends U.S. Crypto Staking Due to ‘Regulatory Dynamics’
August 24, 2023  |  Cryptocurrency

Bitstamp says the ongoing crackdown on cryptocurrencies has cost its U.S. staking business. Beginning Sept. 25, the Luxembourg-based exchange will no longer offer staking services in...

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Europe’s Startups Stretched as VC Funding Falls 61% in First Half of ’23
Europe’s Startups Stretched as VC Funding Falls 61% in First Half of ’23
August 22, 2023  |  Startups

European startups are reportedly rethinking expansion amid a venture funding drought. As the Wall Street Journal reported Tuesday (Aug. 22), the struggle to find financing has become...

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UK Launches FinTech Fund Backed by Mastercard and Barclays
UK Launches FinTech Fund Backed by Mastercard and Barclays
August 16, 2023  |  Startups

The United Kingdom has taken a significant step to bolster its position as a global FinTech investment hub by launching a £1 billion investment fund,...

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Back-Office Overhaul Critical to Survival in Faster Payments Landscape, Says Form3
Back-Office Overhaul Critical to Survival in Faster Payments Landscape, Says Form3
August 08, 2023  |  Payment Methods

Just a few weeks after launch, FedNow is live. Miriam Sheril, Head of Product, U.S. at Form3, said that the initial interest and embrace by banks just a...

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