The policy paper includes recommendations for regulating activities related to stablecoins and decentralized finance (DeFi). News Join us on social networks The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a joint paper containing policy recommendations at the request of the Indian G20 Presidency. The organizations have created the paper to combine the standards and consolidate collective…
The British government’s efforts to stay abreast of artificial intelligence are moving forward apace, with the appointment of top industry advisors to its AI taskforce announced on Thursday. Housed within the Department for Science, Innovation and Technology, the AI taskforce was first announced in June with £100 million ($125 million) in funding. Now the newly-renamed Frontier AI Taskforce, which chairman…
The Aura Blockchain Consortium, a group that counts the companies behind luxury brands like Louis Vuitton and Prada among its ranks, is adding to its C-suite with Thursday’s announcement of a new CEO. The Swiss non-profit association has announced the appointment of tech entrepreneur Romain Carrere as CEO. He will also take on the role of General Secretary. Carrere joins…
Judge Lewis A. Kaplan, presiding over the case involving the U.S. government and former chief of the defunct FTX exchange, Sam Bankman-Fried, issued an order on September 6 denying his request for “immediate release,” according to files from CourtListener. Judge Kaplan of the U.S. Court of Appeals for the Second Circuit referred Sam Bankman-Fried’s “pretrial release” motion “to the next…
Proof-of-stake (PoS) blockchain platform Avalanche is expecting 5-10 million transactions on a subnet as a Japanese loyalty program company that claims to have 100 million users has partnered with the network to bring their mass-scale loyalty rewards program into a blockchain. Cointelegraph’s Andrew Fenton interviewed Nick Mussallem, Ava Labs’ head of product at the Korea Blockchain Week 2023, held in…
Nathaniel Chastain, a former head of product at NFT marketplace OpenSea who was sentenced to three months in prison for insider trading, has elected to serve his sentence while his appeal is pending. Chastain’s legal team filed a letter with a New York District Court on Wednesday, to inform the judge of his decision to withdraw his application for bail…
Palau, a country in the western Pacific Ocean, is wrapping up its U.S. dollar stablecoin project after launching the pilot in August. Jay Hunter, Palau Ministry of Finance member and head of digital residency program, took to X (formerly Twitter) to announce that the government will cease the distribution of the Palau Stablecoin (PSC) on Sept. 8. Following the distribution…
A viral track from the anonymous producer “Ghostwriter” using an artificial intelligence (AI)-generated vocal track of the rapper Drake has been submitted for consideration for a Grammy award, according to a Sept. 5 New York Times report. The track “Heart on My Sleeve” has been submitted by the Ghostwriter team to the Recording Academy, the organization behind the Grammys, for…
The European Union’s financial services chief, Mairead McGuinness, believes there’s no reason to rush with the digital euro until after the next European elections in June 2024. In her opinion, the EU’s central bank digital currency (CBDC) project should be approached “quietly and slowly” by the next EU Commission, which will be appointed by the then-incoming parliament. McGuinness mentioned the…
A group of Nigerian professionals in digital assets took to the stage at the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Abuja, the nation’s capital, to discuss the future of digital assets in Nigeria in regards to regulation. In the panel titled “The Future of Digital Assets: Regulatory Uncertainty and the Way Forward,”…
