Search Results for: Dance

Circle Delays Launching DeFi API Product, Cites Needs for more Regulatory Guidances

Circle, a major crypto payments infrastructure provider and stablecoin issuer, on Friday announced that it postponed the launch of its anticipated decentralized finance (DeFi) application programming interface (API) product, citing the need for more regulatory guidance before its release. The DeFi API product would help businesses access Compound Finance on the Ethereum network. Circle has … Continue reading Circle Delays Launching DeFi API Product, Cites Needs for more Regulatory Guidances

ByteDance Taking a Deep Dive into the Metaverse

The metaverse is a projected big place, but one whose scope is still shaping up as it is in its infancy. While many Western multinational tech firms, led by Meta Platforms Inc are pioneering the metaverse drive, TikTok’s parent company, ByteDance is making moves to escalate its influence on this nascent ecosystem in the East. … Continue reading ByteDance Taking a Deep Dive into the Metaverse

FDIC to Offer Guidance on Crypto After it Understands its Associated Risks

Martin Gruenberg, the acting Head of the Federal Deposit Insurance Commission (FDIC) has assured that banking regulators in the United States will be responsible for providing adequate guidelines to financial institutions on how to deal with digital currencies.  Speaking at the Brookings Institute on Thursday, Gruenberg said this guidance will only come when regulators have … Continue reading FDIC to Offer Guidance on Crypto After it Understands its Associated Risks

Genesis hires a bankruptcy avoidance specialist

Recent reports say that Genesis Global Capital has hired a restructuring counsel to look into all of the possible outcomes, including but not limited to the possibility of filing for bankruptcy. According to a report that was published by the New York Times on November 22, it is known that the company has recruited the … Continue reading Genesis hires a bankruptcy avoidance specialist

South Korea Establishes Guidance for Regulating Digital Assets as Securities

South Korea has issued guidelines that specify the categories of digital assets that will be treated as securities in the nation and subject to the country’s securities regulations. The Financial Services Commission (FSC) noted in a press statement that digital assets that fulfil the criteria provided forth in the country’s Capital Markets Legislation would be … Continue reading South Korea Establishes Guidance for Regulating Digital Assets as Securities

Unreleased Version of David Bowie's "Let's Dance" Surfaces as NFT

A previously unreleased version of David Bowie’s 1983 hit song “Let’s Dance” has surfaced as part of a limited edition collection of non-fungible tokens (NFTs). Gala Music, a subsidiary of Web3 startup Gala Games, has partnered with music producer Larry Dvoskin and publisher Warner Chappell Music to launch a collection of NFTs featuring Bowie-inspired artwork, … Continue reading Unreleased Version of David Bowie's "Let's Dance" Surfaces as NFT

Coin Center Questions Tornado Cash Indictments in Light of FinCEN Guidance

Two former developers of Tornado Cash, Roman Storm and Roman Semenov, have been indicted on charges including conspiracy to operate an unlicensed money-transmitting business. The indictment, issued by the United States Office of Foreign Asset Control (OFAC) on August 23, has raised questions in the crypto community, particularly regarding its alignment with existing Financial Crimes … Continue reading Coin Center Questions Tornado Cash Indictments in Light of FinCEN Guidance

FCA Unveils Guidance on Cryptoasset Promotions Compliance

The Financial Conduct Authority (FCA) has unveiled a “finalised non-handbook guidance” document on Cryptoasset Financial Promotions. This release followed observed lapses in adherence to the new laws governing crypto asset promotions, which took effect on October 8, 2023. On June 8, 2023, the pertinent legislation concerning cryptoasset financial promotions was enacted, and subsequent rules were … Continue reading FCA Unveils Guidance on Cryptoasset Promotions Compliance

UK Judges Receive Groundbreaking AI Usage Guidance for Legal Work

Senior judges in the United Kingdom have published extensive advice on the proper use of artificial intelligence (AI) for judges and magistrates in England and Wales. This is a major step for the legal system in the United Kingdom. When it comes to integrating artificial intelligence technology inside the legal framework while simultaneously addressing possible … Continue reading UK Judges Receive Groundbreaking AI Usage Guidance for Legal Work

Video Generation: ByteDance MagicVideo-V2 Outperforms Pika 1.0, SVD-XT?

In the evolving landscape of AI-driven video generation, ByteDance’s MagicVideo-V2 emerges as a significant advancement, showcasing superior performance over competitors like Pika 1.0 and SVD-XT. This leap represents a crucial development for ByteDance, the parent company of TikTok and Douyin, pivotal platforms in the realm of short video content in the US and China. MagicVideo-V2: … Continue reading Video Generation: ByteDance MagicVideo-V2 Outperforms Pika 1.0, SVD-XT?

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