Grayscale is evaluating the possible tax consequences associated with spot Bitcoin (BTC) exchange-trade funds (ETF), prompted by inaccurate reports circulating about unfavorable tax implications. In a series of posts on X (formerly Twitter), Grayscale clarifies that retail investors of the Grayscale Bitcoin Trust (GBTC) are not expected to incur tax implications when the fund sells Bitcoin to generate cash for…
With the Taiwan presidential election looming within a month, residents of Taiwan have been reportedly warned against using cryptocurrency betting platforms to wager on the presidential outcome. This advice comes amid an ongoing investigation, with several individuals already called for questioning. According to a recent local report, a number of Taiwanese citizens have utilized the decentralized betting platform Polymarket to…
While many AI companies race to find ways to use the technology to enhance or even create video, Resemble AI is focused on audio fidelity. The startup—which also offers an AI voice generator for businesses to use to create realistic human–like voiceovers—has launched ‘Resemble Enhance,’ an open-source tool designed to significantly upgrade the quality of historical audio. The new service…
A new line of children’s toys that use generative AI to interact with kids was launched on Thursday by San Francisco-based Curio, and they brought music superstar, AI enthusiast, and voice of Cyberpunk 2077’s Lizzy Wizzy, Grimes, along for the ride. “As a parent, I obviously don’t want my kids in front of screens, and I’m really busy,” Grimes said…
Jupiter, the Solana-based decentralized finance (DeFi) aggregator, has announced that its eagerly anticipated airdrop is set to begin as soon as January. In a colorful Twitter post written from the perspective of a cat, Jupiter’s pseudonymous founder Meow gave a slew of updates Friday regarding the project’s future plans, and detailing the breakdown of the upcoming airdrop. As previously established,…
Solana Saga smartphones are suddenly selling like hotcakes, apparently, after crypto traders realized that they came with an airdrop of BONK meme coins valued at more than the cost of the hardware. But with the full production run about to be tapped out, it’s fair to ask, will Solana Labs produce more devices—or even make a next-generation phone? For now,…
The digital tenge, Kazakhstan’s central bank digital currency (CBDC), has been declared a success after a month-long pilot project. A host of business, regulatory and technical improvements are lined up for it in 2024. During its pilot run, the digital tenge was used to provide schoolchildren with free lunches in Almaty through the local Onay! card, which was originally designed…
Another day, another artificial intelligence model. Alibaba Cloud—subsidiary of Chinese conglomerate Alibaba Group and one of the world’s largest cloud computing companies—has unveiled its I2VGen-XL AI tool. It’s an advanced text-to-video system that’s intended to compete against top-of-the-line models like the ones released by Pika Labs or Stability AI. The company announced the release of the model’s weights today after…
Traditional financial firms are increasingly connecting services, portfolios and operations with digital assets, taking advantage of the crypto winter to build and find a market fit for crypto-related solutions. Recent examples include Deutsche Bank’s asset management arm, DWS, which announced a new venture with Galaxy Digital and Flow Traders to jointly issue a euro-denominated stablecoin. In another development, oil company…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi saw an unprecedented chain of events unfold on Dec. 14 when a malicious actor exploited a vulnerability in the Ledger hardware wallet’s connector library. The exploit put…
