Financial authorities are preparing to issue cryptocurrency mixing-specific regulations in South Korea to stop criminal groups from using these tools to launder funds obtained illegally. The Korean authorities are discussing whether to allow virtual asset service providers (VASPs) to reject transactions from these privacy-enhancing services.
South Korea Starts Discussing Cryptocurrency Mixing…
Monica Long, president of financial and cryptocurrency services company Ripple, has given her take on the presence of cryptocurrency industry actors at the World Economic Forum (WEF) event at Davos. Long stated she considers it “critical” for the cryptocurrency industry…
Tether Criticizes UN Report for Ignoring USDT’s Role in Helping Developing Economies
January 18, 2024
Tether, the issuer of the stablecoin USDT, has blasted the findings of a United Nations Office on Drugs and Crime study which ignore the stablecoin’s “role in helping developing economies in emerging markets.” According to Tether, the stablecoin’s use of public…
Circle Report Shows USDC Navigating Challenging Waters in 2023
January 18, 2024
Despite a challenging 2023 with a substantial decline in circulating supply, a Circle report claims USDC emerges resilient, experiencing a surge in real-world applications and a decrease in speculative trading.
A Resilient Year for USDC Amidst Market Shifts
Circle, the issuer of the USD Coin (USDC), released its “State of the USDC Economy,” covering current key trends and shifting dynamics in…
The Nigerian crypto startup revealed on Jan. 16 that the firm had closed a $2.3 million strategic fund to finance the acquisition of operating licenses from different African regulators. Canza Finance said it hopes the new licenses and the defi platform will help it achieve…
Bitcoin has been holding steady above the $42K zone and over the past hour, the leading crypto asset has changed hands for $42,425 to $42,597 on Wednesday morning around 9:30 a.m. Eastern Time. The digital currency’s market valuation on Jan. 17, 2024, is around $835…
Sakana AI, a Tokyo-based artificial intelligence startup co-founded by two notable ex-Google engineers, announced today that it has raised $30 million in seed funding from high-profile technology investors. The young company, founded just last year, aims to take a different approach to AI by developing smaller, more efficient models inspired by nature.
The seed round was led by Lux Capital…
Stability AI releases Stable Code 3B to fill in blanks of AI-powered code generation
January 17, 2024
Stability AI claims Stable Code 3B outperforms StarCoder across Python, C++, JavaScript, Java, PHP and Rust programming languages.
Stable Code 3B is being made available for commercial use as part of Stability AI’s new membership subscription service that was first…
Last week, OpenAI unveiled its GPT Store for third-party creators of custom chatbots (GPTs) to list and ultimately monetize their creations. But the company isn’t done making news in the first month of 2024.
Late in the day on Monday, OpenAI published a blog post…
WASHINGTON — The Pentagon’s outdated weapons-buying processes are hampering its ability to integrate innovative technology and work with nimble start-up companies. A panel of defense experts wants to change that.
The Commission on Defense Innovation Adoption, established by the Atlantic Council in 2022, issued 10 recommendations for helping the U.S. Department of Defense overcome its…
