Reserve Bank of New Zealand however said that crypto and stablecoins should be more closely monitored. Source: https://cointelegraph.com/app/public/index.php/news/new-zealand-central-bank-holds-on-crypto-regulations
Month: June 2023
Federal Reserve’s banking bailouts reach a new weekly high of $103B
The American central bank’s emergency fund for embattled banks has seen its highest level of distressed asset redemptions since its inception three months ago. The emergency lending program — known as the Bank Term Funding Program (BTFP) — was introduced in March amid the United States banking crisis which saw the collapse of Silicon Valley Bank, among others. The fund essentially is…
Crypto ‘regulatory approach isn’t needed now’ — New Zealand central bank
The New Zealand central bank is ramping up its monitoring of stablecoins and crypto-assets following public submissions, but has stopped short of calling for a “regulatory approach.” In a June 30 statement, Ian Woolford, the Reserve Bank of New Zealand’s (RBNZ) director of money and cash said that the RBNZ agrees that “a regulatory approach isn’t needed right now, but…
CBDCs aren’t about solving today’s problems — Australia’s CBDC lead
Central Bank Digital Currencies (CBDCs) may not solve any problems faced today, but could be the answer to ones not even fathomed yet, says the executive spearheading Australia’s CBDC pilot. Speaking to Cointelegraph, Dilip Rao, a former Ripple executive who’s now spearheading Australia’s in-pilot CBDC research project, believes a central bank-issued currency could be built for use cases not yet…
Coinbase layer-2 network Base closes in on mainnet launch
While a date for mainnet wasn’t announced, the Base team said it’s now fulfilled 4 out of 5 of their criteria for launch. Source: https://cointelegraph.com/public/index.php/news/coinbase-layer-2-base-closer-mainnet-launch
Coinbase layer-2 network Base closes in on mainnet launch
Base, a new layer 2 application-focused protocol by Coinbase has just one criteria left to fulfil before being ready for mainnet launch. On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both internally and externally — its second-last criteria required for launch. “With the completion of these audits,…
CME Group set to introduce ETH to BTC Ratio futures
The scheduled launch date for these futures contracts is set for July 31, pending regulatory review. Source: https://cointelegraph.com/app/public/index.php/news/cme-group-set-to-introduce-eth-to-btc-ratio-futures
Inflection AI raises $1.3B in funding led by Microsoft and Nvidia
The company has raised $1.525 billion in funding since its inception last year. Source: https://cointelegraph.com/public/index.php/news/inflection-ai-raises-1-3b-in-funding-led-by-microsoft-and-nvidia
Generative AI Startup Typeface Now Worth $1 Billion Thanks to Salesforce, Google
Rapid advancements in artificial intelligence have led to an arms race, and venture capital firms are pouring billions into the industry, hoping to replicate the success of OpenAI’s ChatGPT. And San Francisco-based generative AI platform Typeface is one of the latest beneficiaries of the funding boom. Typeface, which offers a generative AI creation platform targeted at enterprises, announced on Thursday…
Is Steam Rejecting PC Games Created With Generative AI?
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Steam is the leading PC gaming marketplace—but it might not be very friendly to games developed using generative AI tools. Rumors are swirling across online communities that Valve, the company behind the popular gaming platform, plans to issue—or has already instituted—a ban on games that use AI-generated art, citing…