The International Monetary Fund is pushing El Salvador to ditch bitcoin as legal tender, according to a statement released on Tuesday. IMF directors “stressed that there are large risks associated with the use of bitcoin on financial stability, financial integrity, and consumer protection, as well as the associated fiscal contingent Read more…
The SAT taken by prospective college students across the country will go all-digital starting in 2024 and will be an hour shorter, the College Board announced in a statement Tuesday. The transition comes months after the College Board pilot-tested a digital SAT in November 2021 in the US and internationally. Read more…
Quantum computers would need to become around one million times larger than they are today in order to break the SHA-256 algorithm that secures bitcoin, which would put the cryptocurrency at risk from hackers. Breaking this impenetrable code is essentially impossible for ordinary computers, but quantum computers, which can exploit Read more…
Manufacturers and other buyers of computer chips had less than five days’ supply of some chips on hand late last year, leaving them vulnerable to any disruptions in deliveries, the Commerce Department reported Tuesday as it pushed Congress to endorse federal aid for chip makers. Manufacturers’ median chip inventory levels Read more…
Indonesia’s Financial Services Authority (OJK) on Tuesday warned that financial firms are not allowed to offer and facilitate sales of crypto assets amid a boom in crypto trading in Southeast Asia’s largest economy. “OJK has strictly prohibited financial service institutions from using, marketing, and/or facilitating crypto asset trading,” the regulator Read more…
The Biden administration has concluded that a global semiconductor shortage will persist until at least the second half of this year, promising long-term strain on a range of U.S. businesses including auto makers and the consumer electronics industry. U.S. officials plan to investigate claims of possible price gouging for chips Read more…
