This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) The FTX Reorganization Plan Is Being Met With Intense Opposition
The FTX reorganization proposal has been the subject of significant objections from the U.S. Trustee and a group of creditors. The FTX reorganization plan still faces legal challenges that may affect its implementation, despite the fact that it received wide support from the creditor body, with over 95% of the votes in its favor…[continue reading]
2) Russia Is Preparing to Establish Stablecoin and Crypto Exchanges
Russia is preparing to establish at least two crypto exchanges, one in Moscow and the other in St. Petersburg, as well as stablecoins that are linked to the Chinese yuan and BRICS currencies, according to a recent article published by the local news publication Kommersant…[continue reading]
3) Tether delays blockchain rollout due to market fears
The packed market and strategic alignment with existing platforms are the reasons for Tether’s decision to refrain from launching its blockchain. Citing market saturation and strategic concerns, Tether, the issuer of the world’s largest stablecoin, USDT, has determined to forsake its own blockchain launch…[continue reading]
4) Sony has partnered with Startale to introduce Soneium blockchain
Sony Group has declared the commencement of its own blockchain. In partnership with Singapore-based Startale Labs, the blockchain is known as ‘Soneium’. The infrastructure of Soneium was provided by industry households such as Circle, Chainlink, Alchemy, Astar Network, and The Graph, and it is constructed on Optimism’s Superchain…[continue reading]
5) California senator condemns OpenAI’s opposition to AI safety legislation
Wiener remains unwavering in his advocacy for SB 1047, which he regards as an indispensable measure toward responsible AI governance, despite the escalating debate surrounding the bill. Scott Wiener, a California State Senator, has publicly criticized OpenAI’s opposition to Senate Bill 1047 (SB 1047), a bill that seeks to regulate artificial intelligence technologies…[continue reading]
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