financial system

Bitcoin and Institutional Adoption: Navigating the Future Financial Frontier In 2024 Bitcoin, the pioneer of cryptocurrency, has seen a notable shift in recent years with increased interest and adoption by institutional players. This article explores the evolving relationship between Bitcoin and institutional investors, examining the factors driving this adoption, the impact on the cryptocurrency landscape, and what the future may hold for Bitcoin integration into the mainstream financial system. Rising…

The onset of the COVID-19 pandemic in 2019 marked a pivotal moment in human history, presenting unprecedented challenges that extended beyond healthcare into the realms of psychology, economics, and various industrial sectors. High-contact services, including education, retail, foodservice, and notably the banking and financial sector, were significantly impacted. This paradigm shift in human behavior, characterized by a transition to remote environments and increased teleworking, inadvertently created new avenues for…

Today, December 15, the artificial intelligence space was filled with twists and turns, and the familiar foe of emerging technology, AI hallucination, has made a comeback. In the first incident, Microsoft's AI chatbot Bing AI made a major blunder while answering questions on elections in Germany and Switzerland. In other news, the US Financial Stability Oversight Council has found that the rapid adoption of AI can pose new risks for the financial system of the country. This and more in today's AI roundup. Let us take a…

Over 350 million people on the African continent are excluded from the financial system, a new report has shown. Published by AfricaNenda in partnership with Co-Develop, the report was released on Tuesday in Nairobi, Kenya. PREMIUM TIMES’ reporter monitored via Zoom the release of the report from Accra, Ghana, where a journalism fellowship on Digital Public Infrastructure (DPI) is ongoing. Presenting the report, Sabine Mensah, Deputy CEO of Nairobi-based AfricaNenda, a not-for-profit organisation, said the high…