A senior People’s Bank of China (PBOC) official has urged regulators to consider cryptocurrency risks and fraud that could lead to bank failures when innovating regulation. The Chinese official highlighted the recent collapse of U.S. banks that provided services to crypto customers as an example. “The regulation philosophy, technology, and capability must be upgraded to ensure financial innovation won’t come…
Otherside holders get dripped out in Gucci Luxury fashion giant Gucci has designed a limited edition pendant for Yuga Labs’ Otherside metaverse that will come in both physical and nonfungible token (NFT) forms. Gucci’s silver jewelry piece is dubbed the “KodaPendant,” and will drop on April 6 for hodlers of the Koda or Vessel NFTs, which essentially function as either…
A new decentralized layer has been added on top of Ethereum to make smart accounts possible with the introduction of ERC-4337 and account abstraction — but infrastructure providers suggest it may be tricky to participate profitably right now. ERC-4337, commonly called “smart accounts” or “account abstraction” was deployed on the Ethereum mainnet on March 1. “Smart accounts” are essentially a…
Luxury fashion house Gucci recently teased a metaverse-oriented partnership with Yuga Labs, the $4 billion company behind the dominant NFT collection Bored Ape Yacht Club, that would blur “the boundaries between the physical and digital.” That collaboration is now starting to take shape. On Monday, Yuga announced Otherside: Relics by Gucci, a limited-edition series of physical Gucci products and associated…
Generative AI allows users to create all kinds of fakes. In recent days, fake pictures of former President Donald Trump running from police, Russian President Putin cuddling a kitty cat, and even the Pope in a white Balenciaga puffer coat have ricocheted around the web. What can’t you make? You can’t make a picture of Chinese President Xi Jinping—at least…
Institutional interest in cryptocurrencies hasn’t budged despite the market being down 60% from the all-time highs (ATH), as a majority of asset managers stated they’re “extremely interested” in crypto themed-Exchange Traded Funds (ETFs). On April 3, financial services firm Brown Brothers Harriman (BBH) released its 2023 Global ETF Investor Survey which polled 325 institutional investors, financial advisors, and fund managers…
The finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) are exploring ways to decrease their countries’ dependence on the U.S. dollar and promote the use of local currencies in trade settlements. “We must remember the sanctions imposed by the US on Russia,” said Indonesian President Joko Widodo. ASEAN Countries Seek to Reduce Reliance on…
In brief A study found emerging countries like India, Brazil, China, and South Africa have higher trust and acceptance of A.I. technologies than developed countries like Japan and Finland. A.I. is becoming increasingly popular worldwide, with 82% of respondents claiming to have some knowledge about it, and many countries reporting high engagement with A.I. at work. Brazil, India, China, and…
Ron Paul, a former U.S. representative and member of the Libertarian Party, has addressed recent events directed to undermine the influence of the U.S. dollar as a reserve currency in international markets. Paul believes that even if this does happen, it will probably take more time than some predictions are saying. Ron Paul Analyzes Fall of US Dollar Hegemony In…
Prosecutors reportedly took control of houses and properties in an attempt to prevent former Terra employees from disposing of assets potentially connected to c… Source: https://cointelegraph.com/public/index.php/news/south-korean-authorities-seize-160m-in-assets-tied-to-terra-employees-report
