Circle Eyes Issuing Stablecoin Under New Japanese Law
Circle, the US-based financial services company and issuer of the popular stablecoin USDC, is exploring the possibility of issuing a stablecoin in Japan. In an interview, Jeremy Allaire, co-founder, and CEO of Circle, stated that he thought Japan might become a key market for stablecoins, especially if they become widely accepted in cross-border trading. Following […]
Ethereum NFT Royalties Hit Two-year Low
According to a report by blockchain analytics firm Nansen, royalties earned by nonfungible token (NFT) initiatives have fallen to their lowest level in two years. The data illustrates the lowest point for NFT royalties before the impact of the recent decline in the floor price of Bored Ape Yacht Club NFTs and the controversy surrounding […]
CZ Predicts Bitcoin Bull Market in 2025, Addresses Regulatory Issues
The Binance CEO shared his views on the future of Bitcoin, BlackRock’s entry into crypto, and Binance’s regulatory challenges in a Twitter session. In a recent interactive Twitter session, Changpeng “CZ” Zhao, the CEO of Binance, made a bold prediction for the next Bitcoin bull market. The information session, held on July 5, covered a […]
OpenAI to Create Team to Manage ‘Superintelligent’ AI Systems
ChatGPT creator OpenAI announced it would establish a team to manage the risks associated with superintelligent AI systems. OpenAI announced on its blog on July 5 that a new team will be formed to “steer and control AI systems that are much smarter than us. The non-profit believes that superintelligence will be “the most impactful […]
EU Postpones Metaverse Strategy to Tackle Policy Challenges
The European Commission has delayed the release of its metaverse strategy, which will address privacy, property rights, and technical standards in virtual worlds. The metaverse, a term used to describe a collective virtual shared space, is gaining popularity in the cryptocurrency and big tech worlds. It allows users to create, explore and interact with digital […]