Author: Admin

Maria Bartiromo discusses an OpenAI experimental AI agent that broke containment and hacked an AI platform. OpenAI didn’t catch an autonomous breach of another artificial intelligence (AI) company by one of its advanced AI models for a week and not until after the FBI had been contacted by the hacked company, according to a report. On Tuesday, OpenAI announced the breach of AI company Hugging Face that happened during one of OpenAI’s internal reviews of several of its models, including GPT-5.6 Sol, calling it an “unprecedented cyber incident.””The primary lesson from this incident is that model security and safety must…

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The central banks of Paraguay and Costa Rica both announced rates decisions on July 23, with the former opting to hold and the latter announcing a 25 basis point cut, as both countries continued to face below-target inflation.Paraguay: fifth consecutive holdThe Central Bank of Paraguay kept its benchmark interest rate at 5.5% for the fifth consecutive meeting. In a statement following the decision, the bank’s monetary policy committee said the move was in line with its neutral policy stance.“In Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.To…

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IntroductionFor decades, moving money has been one of the slowest parts of the global financial system. While the internet allows emails, videos, and messages to travel across the world in seconds, international bank transfers can still take several business days. Businesses face settlement delays, individuals pay high remittance fees, and financial institutions rely on outdated infrastructure that was designed long before the digital era.Blockchain technology is changing this reality.By enabling direct, secure, and near-instant value transfer without relying on multiple intermediaries, blockchain is transforming how money moves. From cross-border payments and decentralized finance (DeFi) to stablecoins and tokenized assets, a…

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The following is a fintech and wider digital economic development view of Papua New Guinea in 2026. In Papua New Guinea, the distance between a person and a bank account is not always measured in kilometres. It may involve travelling by boat, crossing mountainous terrain or leaving a rural community for the nearest town. For many households, particularly women and those working in the informal economy, the practical cost of accessing financial services remains considerably greater than the balance eventually deposited. This makes Papua New Guinea’s fintech story fundamentally different from those of more urbanised markets. Digital finance is not…

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Key PointsIf you’ve been hearing rumors that Social Security is on the verge of bankruptcy, the good news is that they aren’t true. Social Security can’t go bankrupt because it’s funded primarily by payroll taxes. So as long as people keep working and paying into the system, benefits can go out.That said, Social Security is facing a massive financial shortfall due to a shrinking labor force. In the coming years, it will owe more in benefits than it earns in revenue. And without lawmaker intervention, Social Security may have to cut benefits by about 22% in roughly six years as…

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XRP price is trading around the $1.10 to $1.12 range after slipping 2% over the past day. This XRP prediction comes as price action softens despite steady spot buying. The more interesting story is not the decline, but what is happening underneath it. Spot demand has climbed to its strongest levels since June, while derivatives traders remain cautious.That divergence matters because it often appears before a decisive move. Buyers continue absorbing supply, yet leveraged traders remain hesitant. As a result, XRP could either reclaim recent highs or face another round of selling if support gives way.Recent technical signals show XRP…

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The market reaction to Alphabet’s GOOGL Q2 results has significantly raised the bar for its Magnificent Seven peers that are on deck to report results this week, namely Microsoft MSFT and Meta Platforms META on Wednesday, July 29th, and Apple AAPL and Amazon AMZN on Thursday, July 30th.The raised bar isn’t solely related to AI-centric capex spending plans and the effect that is having on cash flows, though that is a very critical issue for most investors, but also to the impressive operating momentum that Alphabet showed in its cloud business. Performance on the cloud front will be closely watched…

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Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxThe Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) have signed a MoU on cybersecurity cooperation and digital fraud protection.The agreement formalises and expands their ongoing collaboration to strengthen cyber resilience and combat digital fraud across their respective financial sectors.The regulators will share information on cybersecurity and digital fraud, including regulatory updates, incident developments, and threat intelligence affecting the financial sector.They will also support competency building through joint staff training, study visits, and exchanges of research and policy insights.In addition, MAS and BOT will conduct…

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