In latest crypto payments push, PayPal launches stablecoin

Sam Bankman-Fried, the founder of the collapsed multi-billion crypto exchange FTX, was jailed earlier this month until his trial date, following what a judge said was «probable cause to believe that the defendant has attempted to tamper with witnesses at least twice» while on bail. This related to Bankman-Fried sharing personal writing by his former partner and FTX colleague Caroline Ellison with a journalist: his bail was revoked on August 11, and he's been detained ever since in Brooklyn's Metropolitan Detention Center.

AI Roundup: Microsoft President Brad Smith today warned against the rapid development of AI as it could lead to tech companies making similar mistakes as the early years of social media. On the other hand, IBM CEO Arvind Krishna claimed that AI could not only increase productivity, but also lower business costs.

Diablo 4 patch 1.1.3 notes will drop later today, on August 25, with the full patch following next week.

The US has arrested one of the founders of Tornado Cash, a cryptocurrency “mixing” service that North Korean hackers have been using to launder their ill-gotten gains. 

The misfits-on-a-road-trip genre arguably began bloody ages ago, it's true, but I think it's really been building momentum over the last few years with stuff like Signs Of The Sojourner, Hitchhiker, and even Road 96. Red Thread Games, who made Draugen (a horror game I liked quite a bit), are adding to the list with Dustborn, a single-player action-adventure with a heavy lean towards story, which was revealed at this year's Gamescom Opening Night Live.

Intel's recent Arc GPU drivers have delivered some major performance improvements but they also silently give a clock speed boost to the Arc A380 graphics card through the latest firmware upgrade.

The Indian Space Research Organization (ISRO) completed a major maneuver for the Chandrayaan-3 mission on Friday when it performed Vikram Lander's first deboosting operation to enter a lower orbit around the Moon. This means now the Lander Module (LM) is much closer to the lunar surface than it was before. ISRO also shared a set of visuals of the Moon captured by the camera sensors on the LM which were taken a day prior. In these breathtaking photos, we can see a close-up view of the Moon with the Earth in the background. Now, the mission is entering its final legs. A second deboosting is scheduled for August 20, and then the eventual landing will take place on August 23.

NetEase Games has announced the creation of a new development studio in Austin, Texas.

It’s been confirmed that Amazon Prime Gaming is hosting a number of giveaways in celebration of the Valorant Champions 2023 tournament, which kicked off earlier this month.

We're thrilled to announce the return of GamesBeat Summit Next, hosted in San Francisco this October, where we will explore the theme of «Playing the Edge.» Apply to speak  here  and learn more about sponsorship opportunities  here . 

As countries establish regulations around the use of artificial intelligence (AI), developments in the field continue at a rapid pace. RBI on Thursday proposed a new way of carrying out UPI transactions - through conversations with AI. On the other hand, the UK hired a tech expert for the summit on generative AI.

The latest PlayStation 5 system software update is available for download now.