Hong Kong may offer up “a potential tailwind for East Asia” as crypto volumes plummeted in the region due to anti-crypto regulations in China, a Chainalysis report read. Hong Kong’s growing status as a crypto hub has also increased speculation that the “Chinese government is reversing course on digital assets, or at least becoming more open to crypto initiatives,” per…
Visa says it was one of the first firms in the world to pioneer AI in payments, deploying AI-based technology for risk and fraud management in 1993. Source: https://cointelegraph.com/app/public/index.php/news/visa-to-invest-100-million-generative-ai
Crypto forensics firm Chainalysis announced a significant workforce reduction of 15%, impacting approximately 135 employees. “This week we announced that we made the difficult decision to part ways with 15% of Chainalysis employees,” a spokesperson for Chainanalysis told Decrypt. “We are very focused on growing efficiently and, due to market conditions, believe it necessary to reduce our expenses at this…
BTC price support gives in to sellers at six-week highs, but Bitcoin remains in its classic trading range. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-slow-grind-up-btc-price-drops-over-4
In Kazakhstan, the world’s third-largest market in terms of Bitcoin mining hash rate, the local crypto-mining operators are complaining about the high energy prices to the national leader. According to the local media, eight major cryptocurrency mining operators signed an open letter to the President of Kazakhstan, Kassym-Jomart Tokayev. This list includes BCD Company, TT TECH Limited, KZ Systems, AI…
The blockchain project launched by Neal Stephenson, who coined the term “metaverse” in his 1992 book Snow Crash, is pushing forward with its vision despite the lower interest in the metaverse and some declaring that it’s “dead.” Compared to its peak in 2021 and 2022, search interest for the metaverse has declined in 2023, according to data from Google Trends.…
Artificial intelligence (AI) has been a major talking point in Hollywood throughout the year and continues to be so as multiple celebrities have come forth denouncing the use of the likeness in AI deep fakes. Actor Tom Hanks, YouTube personality known as Mr. Beast and American broadcast journalist Gayle King have all recently tried to put an end to deep…
Celsius Network, the insolvent crypto lending company, is seeking court approval to begin making payments to its customers by the end of the year, the firm’s legal counsel Christopher Koenig said during October 2 bankruptcy court hearing. Key to the proposed reorganization plan is NewCo, a new company with $450 million in seed funding focused on Bitcoin mining and staking,…
Global payment giant Visa is raising its bet on artificial intelligence (AI) in commerce and settlements by setting up a new fund to invest in generative AI ventures. Visa on Oct. 2 announced a new $100 million generative AI initiative to invest in companies focused on developing generative AI technologies and applications related to commerce and payments. The investment will…
Mário Centeno, the Governor of Banco de Portugal, joins a chorus of regulators, claiming that national efforts to oversee crypto wouldn’t work correctly without a global framework. A section of Mário Centeno’s speech. Source: Publicnow.com In his opening speech at the 2023 Banco de Portugal Financial Stability Conference on Oct. 2, Centeno called for international cooperation to set up a…
