Meta Set to Release ChatGPT Competitor
Meta intends to publish a commercial version of its artificial intelligence (AI) model to achieve wider adoption. According to sources close to Meta, the new version will be more generally accessible. It may be customized by businesses, even though the company already issued its large language mode (LLM) for researchers and academics called LLaMa earlier […]
Celsius Network Fined $4.7B by FTC
The US Federal Trade Commission has fined the insolvent cryptocurrency lender Celsius Network $4.7 billion. The statement made on July 13 states that Celsius and its affiliated businesses will be prohibited from always “offering, marketing, or promoting any product or service that could be used to deposit, exchange, invest, or withdraw any assets.” The company’s […]
South Korea to Set Clear Accounting Standards for Virtual Assets
In a decisive move to prevent a recurrence of the WEMIX accounting controversy, the South Korean government has prepared new guidelines for accounting virtual assets. The South Korean National Assembly’s adoption of the Virtual Assets Act has caused the government to improve accounting transparency for virtual asset transactions, allowing businesses that issue or hold virtual […]
EU Officials Dismiss Privacy Fears Over Digital Euro
European authorities are trying to reassure the public that the digital euro, a proposed central bank digital currency, will not be a surveillance tool or a conspiracy. They say the project will be democratic, open, and transparent and will complement cash as a means of payment. The digital euro is a potential digital form of […]
Techteryx Gains Full Control of TrueUSD
Techteryx, the stablecoin TrueUSD (TUSD) owner, has announced that it is taking full control of its operation more than two and a half years after acquiring it from crypto firm ArchBlock. Techteryx will now handle all offshore operations and services related to TUSD, including minting, redemption, compliance, and banking. TrueUSD is a stablecoin that aims […]