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MANTRA Completes $11M Round Led by Shorooq Partners to Accelerate RWA Tokenization

MANTRA ($OM), the Layer 1 blockchain for Real World Assets (RWA), has announced the completion of a new funding round. Top venture and technology investor in the MENA region, Shorooq Partners, led the $11M investment round. Additionally, a diverse...

EU AI Act And Its Effect On AI Adoption Endeavours of Banks

As we move ahead into 2024, while the banks go on to experiment with generative AI, they also have to be aware of how the regulators will scrutinize how they are going to use AI. A specific challenge is...

European Union Pressures Banks To Advocate Fast Payments

It is worth noting that on February 26, 2024, the European Council went ahead and adopted a new regulation, the Instant Payments Regulation. This is going to make instant payments in euros completely available to the consumers as well...

Major Banks Resolvability Calls For Additional Measures

It was around a year ago that Credit Suisse, which is a global systemic bank with $540 billion in assets and second-largest Swiss lender, established in 1856, failed and was sold to UBS. In the US, Silicon Valley Bank,...

Generative AI And What Next It Has In Store For The Banks

At the beginning of the digital revolution, Bill Gates said that banking is indeed necessary, however, banks are not. This was back in 1994. After 30 years of digital change that’s disrupting dozens of sectors, it is still not...

Next Generation Crypto Casino Bombastic Set to Launch

The team from Betmax Entertain is thrilled to announce the launch of a new crypto casino – Bombastic, a next-generation online crypto casino that brings together the dynamic world of cryptocurrencies with thousands of games including Slots, Blackjack, Poker,...

NAV Launches Groundbreaking Bitcoin Layer 2 SIP for High-Yield Opportunities

NAV, a leading quantitative hedge fund in the DeFi space, is thrilled to announce the launch of its revolutionary Bitcoin Layer 2 Structured Investment Product (SIP). This innovative offering empowers Bitcoin holders to transform their BTC into a high-yield...

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