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PH crypto exchange raises P630M in new funding round

BSP-regulated cryptocurrency exchange PDAX (Philippine Digital Asset Exchange) recently raised $12.5 million in funding during the latest funding round to fuel its short-term and long-term growth plans for expansion and the roll-out of more digital financial services and products.

Landbank e-banking channels breach P1-trillion in transactions from Jan-July

The Land Bank of the Philippines reported on Tuesday, Aug. 24, a sustained increase in the usage of its major electronic banking channels, including payment systems used by national and local government agencies, in the first seven months of the year.

IBM’s new AI-powered chip can detect fraud in real-time

Telum is IBM’s first processor that contains on-chip acceleration for AI inferencing while a transaction is taking place.

BI to roll out ACR I-Card checking system for foreigners

The Bureau of Immigration (BI) said foreigners registered will soon be able to enter and exit the country with more ease with the upcoming integration of the agency’s automated travel control system at the ports with its database of issued alien certification of registration identity cards (ACR I-Cards).

Defensor files House resolution calling for probe on Facebook

Anak Kalusugan part-list representative Michael Defensor has filed a resolution seeking an investigation into Facebook’s censorship guidelines, saying the social media giant may be restraining free online expression.

SC intros online payment options for Bar exam fees

Bar applicants now also have the additional option to pay the Bar application fee online through the Landbank Link.Biz portal and the Judiciary ePayment Solutions.

House panel begins deliberations on bill regulating e-wallets

The House Committee on Banks and Financial Intermediaries began on Tuesday, Aug. 17, to fine-tune House Bill 9615, which seeks to regulate the use of e-wallets and prohibit their use for any unlawful activity.

House resolution cites 3 Fil-Ams for role in Perseverance rover

The House Committee on S&T adopted a resolution commending Filipino-American scientists Gregorio G. Villar III, Genevie V. Yang, and Edward Gonzales for their role and contribution in the safe landing of the Perseverance rover on Mars last February 18, 2021.

Oracle: PH businesses switching to cloud to gain more flexibility

Oracle hopes to onboard more businesses to transition over to the cloud.

House panel passes DOST bill allotting 2% of nat’l budget to R&D

The R&D budget in the 2021 General Appropriations Act is currently at 0.47%.

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