This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Minneapolis FED President Neel Kashkari Discussed Bitcoin
Recent remarks by Minneapolis Federal Reserve President Neel Kashkari raised red flags over the potential dangers of cryptocurrency. Kashkari expressed worry regarding consumer protection in relation to Bitcoin and other cryptocurrencies during his Linkedin Live discussion with Pensions & Investments Editor-in-Chief Jennifer Ablan…[continue reading]
2) Coinbase Wins Case Involving Cryptocurrency Transactions
A prominent cryptocurrency exchange, Coinbase, has won a major case that has been going on for a while. Cryptocurrency secondary sales on Coinbase’s platform are not in violation of the Securities Exchange Act, according to a ruling by the U.S. Court of Appeals for the Second Circuit, which sided with Coinbase…[continue reading]
3) Genesis Buys $2.1 Billion Worth Of Bitcoin After GBTC Sell-Off
The big Bitcoin buy follows Coinbase’s announcement that most of the money from the GBTC sell-off would “stay inside the crypto ecosystem.” As part of its plans to satisfy its obligations with creditors, the bankrupt crypto lending business Genesis allegedly sold 36 million shares of the Grayscale Bitcoin Trust (GBTC) in order to obtain extra Bitcoin…[continue reading]
4) PayPal Enables Cross-Border Transfers Using The Native Stablecoin PYUSD For Free
Based on its money transfer platform, Xoom, the Silicon Valley-based startup unveiled the new function on Thursday. The press release states that the service will launch on April 4 for subscribers in the United States…[continue reading]
5) Microsoft Confirms Promise To Responsible AI By Revising Requirements
A number of AI developers, including Microsoft, are fighting for more moral tech standards. Consequently, it has produced version 3 of its responsible AI standard. This news item highlights Facebook’s unwavering commitment to guiding AI governance in a positive direction while preventing any negative consequences. According to Theo Watson, who is the chief corporate counsel and attorney for Microsoft South Africa, the development and usage of AI raise ethical problems similar to those surrounding nuclear power…[continue reading]
6) Frax Finance Joins Cosmos Ecosystem Through Noble Asset Issuance Chain
The decentralized protocol Frax Finance, which hosts the seventh-largest stablecoin, FRAX, has formed a substantial alliance with asset issuance chain Noble in order to broaden its reach beyond Ethereum to the Cosmos ecosystem, which includes over eighty blockchains…[continue reading]
7) Microsoft And OpenAI Partner On A $100 Billion Supercomputer Initiative
Microsoft and OpenAI have formed a collaborative partnership with the goal of transforming the landscape of artificial intelligence (AI) functionalities. A state-of-the-art data center and an artificial intelligence supercomputer called “Stargate” are part of this partnership, and their combined projected cost might reach an amazing $100 billion. Launching in 2028, the effort is a watershed point in the AI dominance race and a huge step forward in AI infrastructure…[continue reading]
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