Oxford scientists develop GPU-accelerated limit order book sim to teach AI how to trade
The first of its kind architecture gives up to a 7X speedup over traditional training methods. Go to Source
Fintech
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Scientists warn the ‘quantum revolution’ may stagnate economic growth
There are “traps” lying in wait for innovators at the vanguard of fintech and quantum computing, according to researchers. Go to Source Powered by WPeMatico
HSBC trialing quantum-safe financial transaction network in the UK
The venerable British bank became the first to join BT (formerly British Telecom) and Toshiba’s secure quantum “metro” network in the United Kingdom. Go to Source Powered by WPeMatico
Robinhood buys credit card fintech X1 for $95M
In 2022, X1 claimed to have 500,000 people on its waiting list for a credit card. Over the past two years, the startup has raised $62 million from venture capital firms. Go to Source Powered by WPeMatico
Google launches ‘Anti Money Laundering AI’ after successful HSBC trial
Google claims the new tools are far more efficient than traditional rules-based approaches at detecting money laundering at scale. Go to Source Powered by WPeMatico
Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal
Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress Group. Go to Source Powered by WPeMatico
Sequoia Capital announces three-way split to separate China business
One of the world’s largest venture capital firms, Sequoia Capital, will split into U.S./Europe, India/SEA, and Chinese branches. Go to Source Powered by WPeMatico
Bitcoin Miami panel rejects ‘fight’ rhetoric against regulators
Panelists at a discussion on “Fighting the Anti-crypto Army” sought to dismiss the idea that working with lawmakers to regulate crypto should be framed as a fight. Go to Source Powered by WPeMatico
Latam Insights: Bolivia Sells Gold for Dollars, Argentina Bans Fintech Crypto, Fitch Upgrades El Salvador’s Credit Rating
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech companies from using crypto, and Fitch improves El Salvador’s credit rating. Bolivia Passes Law … Read more
Breaking the Barriers of Traditional Banking With Digital Assets
Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling the squeeze. A number of banks have failed recently due to mismanagement, poor risk management, and other factors which are leading to bailouts and buyouts from large players. They’re consolidating with larger banks faster than … Read more
