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Financial Services Committee Calls for RWA Tokenization Rules
On June 5, the U.S. Financial Services Committee hosted a public hearing titled "Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets." The event gathered experts including lawyers, representatives from government financial institutions, and private business executives. What Are Decentralized Data Marketplaces?
The need for data increases. Key developments and business strategies revolve around data, including research, AI training, and marketing. Often, internet users don’t know how their data is collected and sold. Decentralized data marketplaces can solve this issue. Top Books to Boost Your Crypto Knowledge
While we've embraced a digital age, books remain pivotal sources of knowledge, including in the cryptocurrency sector. These range from direct insights into the crypto industry to more general business and strategy concepts that crypto enthusiasts can adapt and apply.
The Securities and Exchange Commission (SEC) of the United States secretly investigated Dapper Labs, known for its NFT initiatives, concluding its probe on September 29, 2023. Fortune, an American business publication, disclosed this based on an internal agency document.
Zac Prince, the mind behind the crypto lending platform BlockFi, has decided to leave the crypto world behind to focus on the real estate sector, applying his vast expertise to more traditional business ventures. He, however, plans to return to the crypto space eventually with a new company designed to withstand market fluctuations better. The Growing Threat of Deepfake Video and Audio Calls
Envision a business call where a scammer, with convincing accuracy, pretends to be your boss to access confidential info or company funds. Being duped by such a deepfake and falling prey to fraud is simpler than you might assume, as AI now enables the creation of real-time, realistic videos.
OpenAI, a leading developer in artificial intelligence, achieved an annual revenue exceeding $2 billion, driven by the immense popularity of its ChatGPT application. This achievement positions the tech startup as one of the fastest-growing companies ever. Some Microsoft investors are optimistic, forecasting that revenues could double by the end of 2025 due to strong business demand. Behind FTX's Downfall: The Role of Sam Bankman-Fried's Parents
Sam Bankman-Fried's parents did more than shape his personality; they played a significant role in FTX's journey, reportedly earning millions from the exchange. It seems FTX was more than just a business venture; it was a family enterprise. But who exactly were these family members?
Thailand's Securities and Exchange Commission (SEC) has revised its crypto industry regulations, creating a more business-friendly and user-oriented environment. One significant adjustment is the removal of the previous limit on investment volumes in tokens backed by tangible assets. Predictive Analytics: How AI is Forecasting Business Success
Forecasting is an essential aspect of any business, playing a pivotal role in shaping its future. It assists in anticipating trends in product pricing, understanding customer behavior, and managing a company’s financial inflows and outflows. Such insights are invaluable for strategizing, pinpointing potential challenges, and devising appropriate solutions. How is Crypto Business Building Customer Trust?
As the regulatory environment for the cryptocurrency market remains in flux, often causing more instability than stability, crypto companies in the U.S. cannot afford to sit back. They are proactively working to secure the loyalty of investors and their community.
Newly revealed documents from a Consensys lawsuit indicate that the SEC's committee approved an investigation named "Ethereum 2.0" in April 2023. According to Fox Business, these documents provide insights into the SEC's evolving views on Ethereum's classification as a security. How AI and Blockchain Can Help Save Endangered Animals
News about people hunting or selling endangered animals pops up every day, despite warnings. Business Insider researched what species are available to buy online. Shockingly, they found squirrel monkeys, exotic birds, several species of turtles, and many other animals listed on Facebook. These animals were available for purchase within just 20 minutes. The KuCoin Case: A Prelude to Major Cleanups?
KuCoin, serving 30 million users, finds itself at the center of legal scrutiny following allegations by the U.S. authorities. The exchange, along with its founders Chun Gan and Ke Tang, is accused of conspiracy to run an unlicensed money transmitting business and violate the Bank Secrecy Act.
American company Recogni, renowned for developing technologies for autonomous vehicles, has raised $102 million in funding to venture into the creation of chips for generative AI. The investment round featured contributions from entities such as Celesta Capital, HSBC Holdings, and business figures from Saudi Arabia — Tasaru Mobility Investments.
OpenAI CEO Sam Altman has called for up to $7 trillion in investments to establish infrastructure for manufacturing artificial intelligence chips, addressing the severe global shortage. He has shared this proposal with both the government and business leaders in the United Arab Emirates (UAE).
The Financial Supervisory Service of South Korea (FSS) intends to meet with business representatives and the US Securities and Exchange Commission (SEC) to gather detailed information about Bitcoin ETFs. These plans were announced by the FSS Governor, Lee Bok-hyun, during a presentation in Seoul outlining his action plan for the near future. Iconic ‘Oops’ Moments in Crypto History
When Your Business Doesn't Need Blockchain
In 2017, Karl Wüst and Arthur Gervais released their insightful research, “Do You Need a Blockchain?”. Their work simplifies a crucial question: identifying when blockchain is essential and when it's not, and what traditional IT alternatives can be used instead. Let’s delve into the criteria to assess blockchain's relevance and utility in a project. 