Microsoft’s Bing Chat Rebranded as Microsoft Copilot
Microsoft, an American technology conglomerate, intends to replace Bing Chat with Microsoft Copilot in an effort to compete with ChatGPT. Microsoft Copilot is the new name for one of its Artificial Intelligence (AI) products, formerly Bing Chat. Adopting the same brand identity as other Microsoft AI products makes the chat interface more effectively positioned to […]
NYDFS Introduces Stricter Crypto Listing Rules
The objective of the NYDFS’s stricter listing and delisting regulations for cryptocurrencies is to increase investor protection in the space. The New York State Department of Financial Services (NYDFS) has issued stringent listing and delisting regulations for virtual currencies. The NYDFS clarified in a new industry letter published on November 15 that they are implementing […]
South Korea’s National Pension Service Invests in Coinbase
Aside from direct crypto investments, the National Pension Service has made substantial investments in cryptocurrency firms such as Coinbase. With the maturation of the cryptocurrency industry, government institutions have begun to investigate opportunities with cryptocurrency firms. According to the most recent announcement, National Pension Service, the largest investment group in South Korea, purchased Coinbase (NASDAQ: […]
Paxos to Launch USD Stablecoin in Singapore
Initial sanction has been granted for a new local Paxos entity to issue the USD-backed token by Singapore’s stablecoin regulations. The regulatory authority in Singapore has granted preliminary sanction to Paxos, a crypto infrastructure firm, for a new entity devising strategies to introduce a stablecoin backed by the U.S. dollar. Paxos announced in a statement […]