Author: e_cash_top

[ad_1] IBM has recently launched a $500 million venture fund dedicated to enterprise AI. The fund, according to a press release, aims to boost innovation and produce returns by investing in startups that accelerate generative AI technology and research for businesses. Managed by a group of seasoned investors and AI specialists from IBM, the IBM…

Founder who suffered eye damage at Bored Ape Yacht Club event sends ‘formal legal notice’ to Yuga Labs

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[ad_1] A founder who attended Yuga Labs’ recent Ape Fest in Hong Kong has sent legal notice to the company after suffering eye damage related to the event. Asif Kamal, founder of the art-tech and NFT company Artfi, said that he fell ill to a “widespread eye infection outbreak” during the Bored Apes Yacht Club-themed…

Federal Reserve’s Michael Barr comments on stablecoin regulations, CBDCs

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[ad_1] Michael Barr, vice chair for supervision at the U.S. Federal Reserve, commented on matters related to stablecoins and CBDCs on Nov. 7. According to reports from Bloomberg, Barr said: “There is interest in strong, federal regulation of stablecoins that makes sure the Federal Reserve can approve, regulate and enforce against stablecoin issuers, including wallets.”…

Half of CFTC’s enforcement cases in the last year involved digital assets

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[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

Acting OCC chief says tokenization holds immense promise, but crypto still risky

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[ad_1] The acting chief of the U.S. Office of the Comptroller of the Currency (OCC), Michael Hsu, said he is optimistic about the transformative potential of tokenization but continues to be wary of the crypto due to high levels of risk. Hsu made the statement during a talk at the DC Fintech Week in Washington…

Ava Labs lays off 12% of staff to reallocate resources

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[ad_1] Ava Labs founder Emin Gün Sirer announced a strategic workforce reduction at the company on Nov. 6, citing the need to reallocate resources. Gün Sirer announced the decision on X, noting that the layoff affects 12% of the company’s workforce to “reallocate resources to double down on the growth of our firm and the…

Gemini to limit crypto transfers in the UK to TRUST companies

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[ad_1] Gemini’s U.K. branch will limit cryptocurrency transfers exclusively to Travel Rule Universal Solution Technology (TRUST)-registered Virtual Asset Service Providers (VASPs) starting Nov. 17. The exchange attributed its decision to the Travel Rule regulations mandating VASPs to share sender and receiver information for crypto transactions. Gemini said: “In the UK, the Travel Rule applies to all…

Kazakhstan bans Coinbase amid crackdown on unregulated crypto activity

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[ad_1] The Ministry of Culture and Information in Kazakhstan recently blocked access to prominent crypto exchange Coinbase and select online brokerage websites, including the New York Mercantile Exchange (NYMEX), local media reported on Nov. 7. The actions are grounded in Kazakhstan’s stringent “Digital Assets Law,” a comprehensive piece of legislation that governs the issuance and…

Rising Bitcoin Inscriptions activity signals shift in transaction types

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