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SEC Commissioner Hester Peirce Wants Regulator Clarity for Crypto Innovation

SEC Commissioner Hester Peirce Wants Regulator Clarity for Crypto Innovation

Hester Peirce, Commissioner of the Securities and Exchange Commission has continued her push for regulatory clarity on crypto and blockchain projects to encourage innovation in the US capital markets.

United States Financial Regulators Sign Onto the Global Financial Innovation Network

United States Financial Regulators Sign Onto the Global Financial Innovation Network

In a joint report released by the US Securities and Exchange Commission on 24th October 2019, four US financial watchdogs have joined the Global Financial Innovation Network (GFIN).

Chinese Central Bank Approves the City of Chengdu for its FinTech Innovation Pilot

Chinese Central Bank Approves the City of Chengdu for its FinTech Innovation Pilot

The Chinese central bank, People’s Bank of China has recently approved the city of Chengdu to carry out fintech innovation supervision pilots.

IBM and Verizon Business Collaborate on 5G and AI Edge Computing Innovation

IBM and Verizon Business Collaborate on 5G and AI Edge Computing Innovation

Tech giant IBM is collaborating with Verizon Business to help usher in the future of Industry 4.0 through their respective expertise on edge computing innovation and 5G technology.

Private Firms Can Boost Innovation of Central Bank Digital Currency, says IMF

Private Firms Can Boost Innovation of Central Bank Digital Currency, says IMF

A synthetic Central bank digital currency (CBDC) could create new pathways for innovation according to a senior member of the International Monetary Fund (IMF).

US House of Representatives Passes Blockchain Innovation Act On to the Senate

US House of Representatives Passes Blockchain Innovation Act On to the Senate

Two bills introduced by Rep Darren Soto—the Digital Taxonomy Act and the Blockchain Innovation Act—have passed the Lower House and are on their way to the Senate.

US National Security at Risk Due to China’s Dominance in Mobile Payments, says former State Department Official

US National Security at Risk Due to China’s Dominance in Mobile Payments, says former State Department Official

Former Department of State official Anja Manuel warns that if the US loses its dominance in financial innovation and payments, it could impact its national security policy, specifically on sanctions. Manuel stated that China is catching up on dominance in mobile payments, which could make enforcing sanctions against “bad actors” like Iran or North Korea more challenging.

Crypto-Integrity-Tao—The Books And Convention That Will Change Everything

Crypto-Integrity-Tao—The Books And Convention That Will Change Everything

or the first time in technological history, with Blockchain humanity is creating an “Organism-Environment” and a few innovators and futurist are aware of this fact. It will begin this year and deliver incredible rewards, releasing the “spirit” of Blockchain Intersections in a 5G world.

Exploring the Boundaries of AI in Creative Domains: Can Machines Match Human Ingenuity?

Exploring the Boundaries of AI in Creative Domains: Can Machines Match Human Ingenuity?

We delves into the evolving capabilities of AI in creative domains, analyzing whether artificial intelligence can achieve a level of creativity comparable to humans.

Enabling Innovation in Asset Management: SFC's Approach

Enabling Innovation in Asset Management: SFC's Approach

Christina Choi of the SFC spoke at the Bloomberg Buy-Side Forum Hong Kong 2023, emphasizing the importance of balancing innovation with regulation in the asset management industry. She highlighted the SFC's ongoing work on guidelines for tokenization of investment products.

Hong Kong's Crypto Rise: Harbinger for China?

Hong Kong's Crypto Rise: Harbinger for China?

Hong Kong's rising status as a crypto hub amidst regulatory amicability sparks speculations on China's evolving stance towards digital assets. The significant crypto activity in Hong Kong, combined with its thriving Over-The-Counter market, reflects a conducive environment for both institutional and retail crypto engagements. As Hong Kong continues to bolster its crypto market, it might be hinting at China's exploratory approach towards understanding and possibly embracing digital assets in the long term.

US National Security at Risk Due to China Dominance in Mobile Payments, says former State Department Official

US National Security at Risk Due to China Dominance in Mobile Payments, says former State Department Official

Former Department of State official Anja Manuel warns that if the US loses its dominance in financial innovation and payments, it could impact its national security policy, specifically on sanctions. Manuel stated that China is catching up on dominance in mobile payments, which could make enforcing sanctions against “bad actors” like Iran or North Korea more challenging.

Cronos (CRO) Accelerator Demo Day Spotlights Emerging Crypto Innovations

Cronos (CRO) Accelerator Demo Day Spotlights Emerging Crypto Innovations

Cronos (CRO) Accelerator program highlights potential early-stage crypto projects, with a focus on AI, DeFi, and digital authentication.

Google Unveils New AI Innovations: Gemini 1.5 Pro, Imagen 3, and More

Google Unveils New AI Innovations: Gemini 1.5 Pro, Imagen 3, and More

Google introduces advanced AI technologies including Gemini 1.5 Pro and Imagen 3, enhancing user interaction and creativity.

Enhanced Data Processing: Key to AI Innovation Across Industries

Enhanced Data Processing: Key to AI Innovation Across Industries

Accelerated data processing is crucial for AI innovations in various industries.

Pioneering DRAM Chip Inventor Bob Dennard Passes Away at 91

Pioneering DRAM Chip Inventor Bob Dennard Passes Away at 91

Bob Dennard, inventor of DRAM, passes away at 91, leaving a legacy that reshaped modern computing.

Jason Lau Discusses Innovations Shaping the Future of Crypto on Chainalysis Podcast

Jason Lau Discusses Innovations Shaping the Future of Crypto on Chainalysis Podcast

OKX's Jason Lau highlights tech innovations and regulatory insights shaping the future of crypto.

BNB Chain and Binance Labs Unveil BNB Incubation Alliance to Boost Blockchain Innovation

BNB Chain and Binance Labs Unveil BNB Incubation Alliance to Boost Blockchain Innovation

BNB Chain and Binance Labs launch BNB Incubation Alliance to support early-stage blockchain projects with top VCs and incubators.

Algorand (ALGO) Foundation Unveils Change the Game Hackathon Finalists

Algorand (ALGO) Foundation Unveils Change the Game Hackathon Finalists

The Algorand (ALGO) Foundation has announced the winners of the Change the Game hackathon, showcasing innovative blockchain solutions.

Worldcoin (WLD) Announces Recipients of Wave1 Community Grants

Worldcoin (WLD) Announces Recipients of Wave1 Community Grants

Worldcoin (WLD) has revealed the recipients of its Wave1 Community Grants, aiming to drive innovation across various tech domains.

LangChain Introduces LangGraph v0.1 and LangGraph Cloud for Scalable AI Agent Deployment

LangChain Introduces LangGraph v0.1 and LangGraph Cloud for Scalable AI Agent Deployment

LangChain announces the release of LangGraph v0.1 and LangGraph Cloud, providing tools for scalable and reliable AI agent deployment.

BNB Incubation Alliance Names Winners in Brussels Event

BNB Incubation Alliance Names Winners in Brussels Event

The BNB Incubation Alliance event in Brussels concluded with Payman, Balloon Dogs, and Blackwing as winners, marking a significant milestone in blockchain innovation.

Alibaba Founder Jack Ma Criticizes Current Financial Regulations

Alibaba Founder Jack Ma Criticizes Current Financial Regulations

Alibaba founder Jack Ma highlights the importance of fintech innovations over regulations.

Web3-MI Develops CryptoVillages for Enhanced Crypto Gaming Experience

Web3-MI Develops CryptoVillages for Enhanced Crypto Gaming Experience

Web3 Metaverse Innovations Pty Ltd, or Web3-MI, an Australian-based crypto consultancy group, is at the forefront of creating CryptoVillages, a play-to-earn game, to boost the gaming experience.

El Salvador Eliminates Taxes on Technology Innovations

El Salvador Eliminates Taxes on Technology Innovations

El Salvador has eliminated all income, property, and capital gains taxes on technology innovations, including software programming, coding, apps and AI development, as well as computing and communications hardware manufacturing. This move supports the country's ongoing efforts to expedite technological development, including the establishment of the National Bitcoin Office (ONBTC) to conduct joint initiatives with Bitcoin entrepreneurs and companies.

Crypto Mom Hester Peirce Officially Sworn in as SEC Commissioner

Crypto Mom Hester Peirce Officially Sworn in as SEC Commissioner

Crypto Mom and blockchain forward SEC Commissioner Hester Peirce has been sworn in for a second term at the US SEC.

Upbit Singapore Secures MAS's MPI Licence

Upbit Singapore Secures MAS's MPI Licence

Upbit Singapore receives a Major Payment Institution license from MAS, marking a key step in its expansion and compliance with Singapore's regulatory standards in the digital asset sector.

UN Research Unveils Bitcoin's Environmental Toll Beyond Carbon Emissions

UN Research Unveils Bitcoin's Environmental Toll Beyond Carbon Emissions

A UN study reveals Bitcoin mining's significant environmental impact, including carbon emissions, water and land damage, and heavy reliance on fossil fuels. It calls for urgent regulatory and technological interventions to promote a sustainable digital currency ecosystem.

Coinbase Report: New York Emerges as a Hub for Crypto Innovation and Adoption

Coinbase Report: New York Emerges as a Hub for Crypto Innovation and Adoption

Coinbase's report highlights New York's growing role in crypto, with 19% of residents owning crypto and a surge in blockchain initiatives. The state is seen as a hub for crypto innovation.

Blockchain Technology Powers Brazil's National Identity Card Issuance

Blockchain Technology Powers Brazil's National Identity Card Issuance

Brazil has commenced the use of blockchain technology for issuing the National Identity Card (CIN) to enhance security and data integrity in the new identity issuance process. The initial phase begins in three states with a nationwide deadline set for November 6, 2023. This move is part of Brazil's broader initiative towards leveraging blockchain for public service improvement, aligning with global trends of digital identity verification.

Metis Launches Decentralized Liquid Staking in Layer 2 Revolution

Metis Launches Decentralized Liquid Staking in Layer 2 Revolution

Metis is launching the Liquid Staking Blitz, a decentralized sequencer initiative, to boost the growth of Liquid Staking Derivatives within its ecosystem, enhancing network security and governance.

CIA Eyes Blockchain Technology with New Research Lab

CIA Eyes Blockchain Technology with New Research Lab

US Central Intelligence Agency has rolled an in-house R&D arm dubbed CIA Labs to scale up technological and scientific breakthroughs for future intelligence challenges.

Singapore Unveils Ambitious National AI Strategy 2.0 for Future-Ready Innovation

Singapore Unveils Ambitious National AI Strategy 2.0 for Future-Ready Innovation

Singapore's updated National AI Strategy 2.0, launched on Dec 4, focuses on expanding AI talent to 15,000, building an AI community hub, and integrating AI across various sectors for public good.

BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)

BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)

Agustín Carstens, General Manager of the Bank for International Settlements, highlighted the importance of cybersecurity for central bank digital currencies (CBDCs) during a conference in Basel, Switzerland, emphasizing the need for secure, user-friendly, and adaptable systems.

Exclusive: Access, Connectivity and Inclusion—How UNICEF Leverages Blockchain to Close the Digital Divide

Exclusive: Access, Connectivity and Inclusion—How UNICEF Leverages Blockchain to Close the Digital Divide

Christina Lomazzo is the Blockchain Lead for UNICEF’s Office of Innovation; whose work mainly involves leading the blockchain efforts at UNICEF Ventures where she heads up a diverse team of six. Together they invest in early technology prototypes that they assess and determine could have an exponential impact on UNICEF’s operations and ability to fulfill its mission across the developing world.

President Biden Amplifies AI Safety and Security Measures with Executive Order

President Biden Amplifies AI Safety and Security Measures with Executive Order

President Biden has issued an Executive Order on October 30, 2023, aiming to improve AI safety, security, and trustworthiness. The order requires rigorous testing of critical AI systems, advocates for data privacy legislation, and promotes AI's positive impact on healthcare, education, and the labor market.

BNB Chain Launches "Meme Innovation Campaign" with $1M Incentive for Developers

BNB Chain Launches "Meme Innovation Campaign" with $1M Incentive for Developers

BNB Chain's new "Meme Innovation Campaign" aims to invigorate the meme token sector by offering $1 million in rewards for developer projects until May 9.

Explosive Growth in TON Developer Community: A Comprehensive Analysis

Explosive Growth in TON Developer Community: A Comprehensive Analysis

TON's Q4 2023 Developer Report reveals a 22.8% increase in its developer community, highlighting over 500% growth in active developers and significant advancements in blockchain technology and community engagement.

FSB 2024 Agenda: Strengthening Crypto Regulation and Embracing AI"

FSB 2024 Agenda: Strengthening Crypto Regulation and Embracing AI"

The Financial Stability Board (FSB) has announced its 2024 Work Programme, focusing on crypto regulation, AI, and digital innovation, aiming to enhance global cooperation and stability in finance.

All You Need to Know About the Silicon Valley Cryptocurrency

All You Need to Know About the Silicon Valley Cryptocurrency

The rising popularity of cryptocurrency has contributed to a revolution in the digital currency industry. Currently, a U.S based venture capital firm, Andra Capital, has announced its desire to introduce its own Silicon Valley cryptocurrency to leverage its business. It is interesting to see that the company has joined the list of other enterprises like JPMorgan Chase, Arias Intel Corp, Facebook, and others that have created or in the process of creating cryptocurrencies they call their own.

Transform Ventures Co-Invests in Alpha Transform Holdings to Accelerate Blockchain Investment

Transform Ventures Co-Invests in Alpha Transform Holdings to Accelerate Blockchain Investment

Transform Ventures has co-invested in Alpha Transform Holdings, a new holding company aiming to support the blockchain ecosystem through investments via two new funds. The merger of select assets from Transform Ventures and Alpha Sigma Capital’s parent company will amount to $100 million in assets under management, with a focus on delivering suites of products under asset management, Alpha Transform products, and Alpha Transform strategies.

Facebook's Libra Sparked CBDC Race, COVID-19 Made Central Banks Realize Its Necessity

Facebook's Libra Sparked CBDC Race, COVID-19 Made Central Banks Realize Its Necessity

Digital innovation and central bank digital currency adoption (CBDC) have been on the rise despite the ongoing COVID-19 pandemic. What has driven CBDC forward?

Hub71+ Digital Assets Initiative Aims to Advance Web3-Based innovations

Hub71+ Digital Assets Initiative Aims to Advance Web3-Based innovations

Hub71 will invest $2 billion in Web3 startups in Abu Dhabi.

Banking Infrastructure Needs Blockchain Technology to Meet Rapid Fintech Enviroment, HashCash CEO Says

Banking Infrastructure Needs Blockchain Technology to Meet Rapid Fintech Enviroment, HashCash CEO Says

With the fintech industry making significant strides within a short time, the banking sector ought to integrate blockchain technology to keep pace with this area, according to HashCash CEO Raj Chowdhury.

Fireblocks Introduces 'Off Exchange' to Address Exchange Counterparty Risk, Integrates with Deribit

Fireblocks Introduces 'Off Exchange' to Address Exchange Counterparty Risk, Integrates with Deribit

Fireblocks introduces 'Off Exchange', reducing exchange counterparty risk for institutional traders, allowing them to trade directly from on-chain MPC shared wallets, marking a significant advancement in digital asset trading.

Wealth Management's Future: Embracing Innovation for the Next Investment Era

Wealth Management's Future: Embracing Innovation for the Next Investment Era

New research outlines the necessity for wealth management firms to adapt to technological advancements and altering investor profiles for future success.

US Department of Homeland Security to Host Blockchain-Based Digital Wallet Event with $25K Reward

US Department of Homeland Security to Host Blockchain-Based Digital Wallet Event with $25K Reward

DHS Science and Technology Directorate (S&T) and Silicon Valley Innovation Program (SVIP) will host a virtual event for a Digital Wallets Challenge on Oct 27.

China's Guangdong Province Aims to Lead in Quality and Innovation by Embracing Blockchain and AI Technologies

China's Guangdong Province Aims to Lead in Quality and Innovation by Embracing Blockchain and AI Technologies

In a recent move, the Guangdong Provincial Party Committee and Provincial Government have issued the "Outline for Building Guangdong Province as a Strong Quality-driven Province," outlining their vision to enhance the leading role of industrial clusters in terms of quality.

US Crypto Crackdown Could Stifle Innovation and Weaken Dollar

US Crypto Crackdown Could Stifle Innovation and Weaken Dollar

The recent Wells notice issued by the SEC to Coinbase, along with other legal threats against crypto firms, has raised concerns among industry experts that the US crackdown on cryptocurrencies could stifle innovation and weaken the dollar. Some believe that the regulatory environment in the US is driving jobs, investment, and innovation offshore, to countries like Singapore, Hong Kong, and potentially Australia.

Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU

Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU

Microsoft unveiled Azure Maia 100 AI Accelerator and Azure Cobalt CPU, optimized for AI and cloud computing, with deployment scheduled for early 2024.

Global Blockchain Technology Market Expected to Hit $19.9 Billion

Global Blockchain Technology Market Expected to Hit $19.9 Billion

The global blockchain technology market is anticipated to reach $19.9 billion by 2026 from the current $3.4 billion value, according to market research publisher Global Industry Analysts Inc.

Demand for Blockchain and AI Expected to Push Market Value to $980.7M by 2030: Report

Demand for Blockchain and AI Expected to Push Market Value to $980.7M by 2030: Report

Since blockchain and artificial intelligence are among the greatest technological innovations, their demand is expected to make the market value soar to $980.7 million by 2030, a study suggests.

Samsung to Unveil Galaxy AI

Samsung to Unveil Galaxy AI

Samsung gears up for a revolutionary Galaxy AI debut with the S24 series.

Ripple Co-Founder Reveals Key Factor that Can Drive Up XRP Adoption

Ripple Co-Founder Reveals Key Factor that Can Drive Up XRP Adoption

Ripple co-founder Chris Larsen disclosed what could potentially help in pushing XRP’s popularity higher.

The Metaverse Enjoys Potential to Revamp Existing Brand Marketing, HashCash CEO Says

The Metaverse Enjoys Potential to Revamp Existing Brand Marketing, HashCash CEO Says

Thanks to a 7,200% surge in internet search volumes last year, the metaverse will be a revolutionary innovation that will reshape brand marketing, according to HashCash Consultants CEO Raj Chowdhury.

GSBN Adopts Blockchain to Share Shipping Data with Financial Insitutiotns

GSBN Adopts Blockchain to Share Shipping Data with Financial Insitutiotns

Global Shipping Business Network (GSBN) has adopted blockchain technology to speed up pilot transactions by unifying the consent collection and sharing of shipping data with financial institutions.

Dutch Government Invests Heavily in AI to Compete Globally

Dutch Government Invests Heavily in AI to Compete Globally

The Dutch government has allocated €204.5 million ($222.07 million) for AI development, signaling a robust commitment to advancing the Netherlands' position in the global AI landscape and adhering to the EU's AI Act.

JPMorgan CEO Calls for More Regulatory Clarity for Cryptocurrencies

JPMorgan CEO Calls for More Regulatory Clarity for Cryptocurrencies

In a letter to his shareholders, JPMorgan CEO Jamie Dimon cited the need for regulatory clarity for Bitcoin and other cryptocurrencies.

Mercedes-Benz and Volkswagen Unveil Cutting-Edge Voice Assistants at CES 2024

Mercedes-Benz and Volkswagen Unveil Cutting-Edge Voice Assistants at CES 2024

Mercedes-Benz and Volkswagen showcase advanced voice assistant technology at CES 2024, including Mercedes' 'Dialogue Partner' and Volkswagen's ChatGPT integration, enhancing user experience and safety in vehicles with AI-driven innovations.

Samsung Plans to Develop Top-Notch Metaverse Devices to Foster Accessibility

Samsung Plans to Develop Top-Notch Metaverse Devices to Foster Accessibility

Samsung Electronics has revealed plans to make the metaverse more accessible by developing innovative devices as it sees it as a new business model.

Ethics of Web3 Discussed at Paris Blockchain Week

Ethics of Web3 Discussed at Paris Blockchain Week

The second day of Paris Blockchain Week 2023 featured a panel discussion on the Ethics of Web3. The panelists agreed that ethical frameworks often lag behind technology and that innovation comes before any ethical standards are implemented. They highlighted the upcoming Markets in Crypto-Assets framework in the European Union as an example of turning ethics into law to protect people and innovation.

Here's Why Harvey's $80M Funding is a Game Changer in Legal AI

Here's Why Harvey's $80M Funding is a Game Changer in Legal AI

Harvey raised $715 million in a $80 million Series B funding round, showcasing its advanced AI-powered workflow optimization technology.

The Crypto Council for Innovation Announces First-Ever Leadership Team

The Crypto Council for Innovation Announces First-Ever Leadership Team

The crypto council continues to invest and grow to advance its mission of advocating for benefits of cryptocurrencies to policymakers, regulators, and people around the globe.

Vanity Rolls Out Solution Enabling Crypto Users to Customize their Wallets

Vanity Rolls Out Solution Enabling Crypto Users to Customize their Wallets

For a more personalized experience in the crypto space, Vanity Global has developed a blockchain-based technology that generates a custom prefix of not more than 11 leading characters for any crypto wallet.

Bank of Lithuania Calls For Uniform Regulation for Digital Financial Innovation Across Europe

Bank of Lithuania Calls For Uniform Regulation for Digital Financial Innovation Across Europe

Bank of Lithuania, Lietuvos Bankas, has proposed uniform regulations throughout the European Union in response to the European Commission’s consultations for the development of the digitalization of financial services in Europe.

ChatQA: A Leap in Conversational QA Performance

ChatQA: A Leap in Conversational QA Performance

The study "ChatQA: Building GPT-4 Level Conversational QA Models" by Zihan Liu, Wei Ping, Rajarshi Roy, Peng Xu, Mohammad Shoeybi, and Bryan Catanzaro from NVIDIA focuses on the development of a new family of conversational question-answering models, including Llama2-7B, Llama2-13B, Llama2-70B, and an in-house 8B pretrained GPT model, which improves 'unanswerable' questions.

Hong Kong Embraces Web3.0 and Advances as an International Crypto Hub, said Chief Executive

Hong Kong Embraces Web3.0 and Advances as an International Crypto Hub, said Chief Executive

Li Ka-chung emphasized Hong Kong's potential in leveraging its strengths as an international financial center and driving the development of cutting-edge technologies, particularly in the realm of Web3.0.

Crypto Staking in South Korea: Balancing Innovation and Regulation

Crypto Staking in South Korea: Balancing Innovation and Regulation

Balancing innovation and regulation in South Korea's crypto industry, with regulators concerned about staking's potential risks to consumers and market stability.

BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030

BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030

The Bank for International Settlements (BIS) has released a survey revealing that 93% of central banks are now engaged in some form of Central Bank Digital Currency (CBDC) work, with retail CBDCs taking the lead over wholesale CBDCs.

Mercari Japan Embraces Bitcoin Payments

Mercari Japan Embraces Bitcoin Payments

Mercari, Japan's e-commerce leader, announces Bitcoin payment integration by June 2024, leveraging its subsidiary Melcoin. This reflects Japan's advanced crypto regulatory environment, fostering digital currency adoption in commerce.

CFTC Chairman Calls For Principle-Based Not Rules-Based Regulation For Crypto

CFTC Chairman Calls For Principle-Based Not Rules-Based Regulation For Crypto

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has stated his preference for the financial governance to be principle based rather than a strictly enforced set of rules. This extends to cryptocurrency and digital assets.

Vietnam Blockchain Association Signs Strategic Partnership with Binance To Drive Blockchain Innovation

Vietnam Blockchain Association Signs Strategic Partnership with Binance To Drive Blockchain Innovation

The Vietnam Blockchain Association and Binance will collaborate on developing innovation for the local blockchain ecosystem.

Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia

Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia

Ninety Eight, transitioning from Coin98 Finance, has launched a $25M Ecosystem Fund to support Web3 startups in Asia, leveraging the Viction blockchain and $C98 token.

US Federal Reserve to Create Cryptocurrency Team Amid Concerns Over Unregulated Stablecoins

US Federal Reserve to Create Cryptocurrency Team Amid Concerns Over Unregulated Stablecoins

The US Federal Reserve is planning to establish a specialized team of experts to keep up with developments in the cryptocurrency industry, specifically focusing on stablecoins. The move comes amid concerns that unregulated stablecoins could put households, businesses, and the broader economy at risk. While acknowledging the transformative potential of cryptocurrencies, the Federal Reserve believes that appropriate guardrails need to be in place to ensure that the benefits of innovation can be realized.

Blockchain's Adoption & Capabilities Increase against Fraud in Public Finance Sector

Blockchain's Adoption & Capabilities Increase against Fraud in Public Finance Sector

Based on blockchain’s inherent capability of tackling fraudulent transactions, this cutting-edge technology is expected to continue being adopted in the banking and financial services sector, according to HashCash Consultants CEO Raj Chowdhury.

Meta's Strategic AI Expansion with Nvidia GPUs and New Llama Model

Meta's Strategic AI Expansion with Nvidia GPUs and New Llama Model

Meta plans to invest 350,000 H100 GPUs by 2024, enhancing its AI infrastructure, training the Llama 3 model, and restructuring its organization to drive AI-driven innovation.

Digital Currencies Impede US Treasury Sanction Efforts, Report says

Digital Currencies Impede US Treasury Sanction Efforts, Report says

The United States Treasury Department revealed that digital currencies pose a critical impediment to sanctions strategy and policies.

Bank of England Tests DLT Settlement System

Bank of England Tests DLT Settlement System

The Bank of England and the BIS Innovation Hub London Center successfully tested a distributed ledger technology-powered settlements system through Project Meridian, which could be extended to other asset classes to reduce time, costs, and risks of transactions.

Lightspeed Faction Unveils $285M Fund for Blockchain Innovation

Lightspeed Faction Unveils $285M Fund for Blockchain Innovation

Lightspeed Faction has launched a $285 million venture fund, focusing on early-stage blockchain projects, highlighting the growing importance and potential of blockchain technology in various sectors.

Ripple Launches Engineering Hub in Toronto, Boosting Crypto Growth and Innovation

Ripple Launches Engineering Hub in Toronto, Boosting Crypto Growth and Innovation

Crypto and blockchain solutions provider Ripple has opened a key engineering hub in Toronto, Canada, to enhance crypto innovation.

Former Sequoia Partner Michelle Fradin, Involved in FTX Investment, Joins OpenAI

Former Sequoia Partner Michelle Fradin, Involved in FTX Investment, Joins OpenAI

Michelle Fradin, former Sequoia Capital executive, joins OpenAI to lead data efforts, specializing in venture capital and AI, focusing on FTX investment and large language model integration.

Strike Secures $80m in Funding to Propel Instant Bitcoin Payments

Strike Secures $80m in Funding to Propel Instant Bitcoin Payments

Strike raised $80 million in funding to revamp BTC payments for top financial institutions, marketplaces, and merchants.

South Korea Regulator Probes Crypto Staking Services

South Korea Regulator Probes Crypto Staking Services

South Korea's Financial Supervisory Service checks exchanges' crypto staking services for legality.

UNICEF Cryptocurrency Fund Invests in Tech Startups Fighting COVID-19 in Emerging Economies

UNICEF Cryptocurrency Fund Invests in Tech Startups Fighting COVID-19 in Emerging Economies

Eight technology companies in developing and emerging economies will receive investment from the UNICEF Cryptocurrency Fund (CryptoFund) to solve local and global challenges.

Minima Launches Innovation Challenge Campaign Compeition

Minima Launches Innovation Challenge Campaign Compeition

Minima, an ultra-lean blockchain network, launched an innovation challenge to spur more growth in its ecosystem.

Microsoft's AI Revolution: CEO Satya Nadella Unveils Bold Tech-infused Vision

Microsoft's AI Revolution: CEO Satya Nadella Unveils Bold Tech-infused Vision

Microsoft CEO, Satya Nadella, unveiled a new AI-driven vision in his annual letter, emphasizing the integration of AI across all products and tech stacks. Highlighting collaborations like that with OpenAI and innovations like AI Copilot, Nadella showcased Microsoft's preparedness to lead in this new AI era. The discourse also touched on the broader global impact and the firm's commitment to responsible AI and cybersecurity.

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

Hong Kong's innovation hub, Cyberport along with leading global enterprise blockchain platform provider R3 and FORMS HK have launched the Block AdVenture program.

Chairman McHenry Sharply Criticizes U.S. Treasury and IRS Over Digital Asset Reporting Proposals

Chairman McHenry Sharply Criticizes U.S. Treasury and IRS Over Digital Asset Reporting Proposals

House Financial Services Committee Chairman Patrick McHenry expresses concerns over proposed digital asset reporting requirements, urging the Biden Administration to collaborate with Congress to establish clear regulations and protect market participants' privacy.

California Governor Signs Digital Financial Assets Bill, Tightening Crypto Regulations from July 2025

California Governor Signs Digital Financial Assets Bill, Tightening Crypto Regulations from July 2025

California Governor Gavin Newsom signed the Digital Financial Assets Law on October 13, 2023, initiating a robust regulatory framework for cryptocurrency activities in the state from July 1, 2025. The law necessitates licensure from the Department of Financial Protection and Innovation for individuals and businesses dealing in digital assets. This regulatory shift, contrasting Newsom’s earlier stance in 2022, aligns with broader national trends towards formalizing digital asset transactions to curb fraud and enhance consumer protection.

HKMA Launches Project Ensemble to Bolster Tokenisation in Finance

HKMA Launches Project Ensemble to Bolster Tokenisation in Finance

HKMA initiates Project Ensemble, a key move to advance the tokenisation market and explore wCBDC applications in Hong Kong's financial sector.

SEC Commissioner Hester Peirce Confirmed for Second Term By US Senate, Crypto Mom Will Remain Until 2025

SEC Commissioner Hester Peirce Confirmed for Second Term By US Senate, Crypto Mom Will Remain Until 2025

The United States Senate has voted in Commissioner Hester Peirce of the Securities and Exchange Commission for a second term that will see her remain with the regulator until 2025.

CFTC FinTech Research Wing Welcomes Innovators to Discuss with Regulators With its New Office Hours

CFTC FinTech Research Wing Welcomes Innovators to Discuss with Regulators With its New Office Hours

LabCFTC, the United States Commodity Futures Trading Commission’s FinTech research wing, is planning to host office hours during the New York FinTech Week.

FCA Unveils Guidance on Cryptoasset Promotions Compliance

FCA Unveils Guidance on Cryptoasset Promotions Compliance

The UK's Financial Conduct Authority has issued a finalised non-handbook guidance on Cryptoasset Financial Promotions, aiming to clarify compliance with new laws and balance consumer protection with innovation for long-term economic growth.

Rabbit Inc Introduces AI-Powered r1 Device for Mobile Interaction

Rabbit Inc Introduces AI-Powered r1 Device for Mobile Interaction

Rabbit Inc's r1, an AI-powered mobile device featuring the innovative Large Action Model OS, was showcased at CES 2024, offering a novel approach to mobile interaction and user convenience.

Lenny Bogdonoff Leaves OpenAI, Reflecting High Workload with 6-Day Weeks

Lenny Bogdonoff Leaves OpenAI, Reflecting High Workload with 6-Day Weeks

Lenny Bogdonoff, a key contributor to OpenAI's ChatGPT and other AI initiatives, has ended his tenure with an intense six-day workload, a role he has played in the company's culture and technological advancements.

Senator Lummis Advocates for Clear Crypto Regulations

Senator Lummis Advocates for Clear Crypto Regulations

US Senator Cynthia Lummis emphasizes the need for robust regulations in the crypto industry, targeting bad actors rather than the technology. She reintroduces the Lummis-Gillibrand bill to enhance oversight and protect against abuse, stressing the distinction between innovative crypto assets and illicit activities.

Binance Labs Invests in Memeland's MEME Token: Here is Why

Binance Labs Invests in Memeland's MEME Token: Here is Why

Binance Labs invests in Memeland's MEME Token, bolstering SocialFi and meme culture, sparking significant market interest and growth.

Australia Evaluates Mandatory AI Rules in High-Risk Areas

Australia Evaluates Mandatory AI Rules in High-Risk Areas

Australia is considering mandatory regulations for AI development in high-risk areas, balancing innovation with public safety, ethical concerns, and global alignment in AI governance.

Polygon Labs Unveils New PoS Testing Toolkit to Enhance Devnet Operations

Polygon Labs Unveils New PoS Testing Toolkit to Enhance Devnet Operations

Polygon Labs' Polygon PoS v1 Testing Toolkit revolutionizes blockchain innovation with advanced deployment, efficient testing, and automated processes, marking a milestone for Web3's future.

Aptos Unveils Winners of the Singapore World Tour Hackathon

Aptos Unveils Winners of the Singapore World Tour Hackathon

Aptos Network announced the winners of its #AptosWorldTour Hack Singapore on October 27, 2023, showcasing 14 innovative projects across five tracks, including NFTs, DeFi, Infrastructure, and Web3 x AI, with winners like @IntoTheVerse_, @aptospayment, dAptoRator, @EconiaLabs, and @aptscan_ai.

Blockchain Fights Climate Change

Blockchain Fights Climate Change

The World Economic Forum (WEF) has published a white paper outlining how blockchain technology can aid in the fight against climate change. Blockchain can improve market transparency, enhance trust and ambition within climate negotiations, democratize access to climate action, and funnel more funds to project developers. The WEF also stressed the need for constructive regulation to support digital climate innovation.

Tether Advances Global Blockchain Ambitions with Uzbekistan Partnership

Tether Advances Global Blockchain Ambitions with Uzbekistan Partnership

Tether partners with Uzbekistan's NAPP to develop blockchain and peer-to-peer telecommunication, aiming to fuel innovation and economic growth.

The Rise of the Anon: Protecting Innovation

The Rise of the Anon: Protecting Innovation

Anonymity is increasingly offering protection to innovators as well as their ideas.

Cyber Science 2020 - Pioneering Research & Innovation in Cyber Situational Awareness

Cyber Science 2020 - Pioneering Research & Innovation in Cyber Situational Awareness

Cyber Science is an IEEE sponsored event, in partnership with the Dublin City University, Ireland. The event comprises four joint and co-located internationally refereed conferences, namely: Cyber Situational Awareness (CyberSA), Social Media, Cyber Security and Cyber Incident.

Blockchain Delivers a Glimpse of Future Innovation Today

Blockchain Delivers a Glimpse of Future Innovation Today

A brief look at how the energy market and consumers will benefit from blockchain technology in the near future.

Singapore FinTech Association Enabling the Shift Towards Innovation & Entrepreneurship in Southeast Asia

Singapore FinTech Association Enabling the Shift Towards Innovation & Entrepreneurship in Southeast Asia

The Singapore FinTech Association (SFA) was founded in November 2016 by the founding president, Chia Hock Lai. The association is a cross-industry nonprofit initiative, aiming to facilitate collaboration in the ecosystem between market participants and stakeholders in the FinTech industry. Blockchain.News interviewed Chia Hock Lai to find out more about the leading association in Singapore.

Microsoft and Finastra Open Cloud Solution to Exponentially Accelerate Innovation for 8,500 Banks and Institutions

Microsoft and Finastra Open Cloud Solution to Exponentially Accelerate Innovation for 8,500 Banks and Institutions

Finastra and Microsoft Corp have announced a strategic, multiyear cloud agreement to help accelerate the digital transformation of financial services and help realise and open source future for finance.

Japan’s Financial Watchdog Believes Deregulating Crypto Does Not Necessarily Propel Technical Innovation

Japan’s Financial Watchdog Believes Deregulating Crypto Does Not Necessarily Propel Technical Innovation

After assuming the helm of Japan’s Financial Services Agency mandated with overseeing the monetary sector in July, Ryozo Himino has voiced his reservation of promoting cryptocurrency trading.

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