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Brazilian Congressional Committee Recommends Indictments Against Binance and CZ for Unauthorized Financial Activities

A Brazilian congressional committee has released a report recommending indictments against Binance CEO Changpeng Zhao (CZ) and other executives for unauthorized financial activities. The report accuses them of offering unauthorized securities training and improper management practices. The committee, led by congressional deputy Ricardo Silva, also calls for further investigation into Binance’s affairs, focusing on the […]

Chainlink Co-Founder Sergey Nazarov Envisions a Future of Decentralized Computing Powering Trillions of Dollars in Transactions

Sergey Nazarov, co-founder of blockchain oracle Chainlink, believes that people will eventually understand and appreciate the decentralized computing platform his team is building. In an interview, Nazarov emphasized the importance of developing a secure and reliable system that can handle large transaction values. He clarified that blockchain and oracle networks are different, with oracle networks […]

IMF Raises Global Inflation Forecast to 5.8% Amid Concerns Over Fragmented Economy

The International Monetary Fund (IMF) has raised concerns about high inflation rates and has urged central banks worldwide to maintain tight monetary policies until inflation is reduced. The IMF has revised its global inflation forecast for 2024 to 5.8%, higher than the previous estimate of 5.2%. The fund predicts that inflation will continue to surpass […]

JP Morgan Launches Tokenized Collateral Network for Efficient Asset Management

American banking giant JP Morgan has launched its in-house blockchain collateralization platform, called Tokenized Collateral Network (TCN). The platform allows investors to use assets as collateral by transferring ownership through blockchain technology. TCN recently settled its first trade for asset management giant BlackRock, converting shares of a money market fund into digital tokens. The use […]

UK Parliament Report Raises Concerns Over NFT Copyright Infringement and Fan Token Risks

The U.K. Parliament’s Culture, Media, and Sport Committee has expressed concerns about non-fungible tokens (NFTs) and fan tokens in a recent report. The committee warns that NFTs pose a risk of copyright infringement and highlights the lack of significant benefits from these digital assets. The report also raises concerns about the impact of NFTs on […]

Online Blockchain Partners with ElevenLabs to Unlock the Full Potential of Voice AI

Online Blockchain Plc and ElevenLabs have formed a partnership to enhance the capabilities of voice Artificial Intelligence (AI). Online Blockchain’s AI assistant, Synthia, will utilize ElevenLabs’ text-to-speech models to generate natural and high-quality dialogue. This collaboration aims to eliminate robotic and high latency speech, making Synthia nearly indistinguishable from a real-life assistant. Additionally, Online Blockchain […]

Prominent Figures Gather at EDGE Summit in Hong Kong to Explore the Fusion of AI, Web3, and Metaverse

The EDGE Summit, the world’s largest AI & Web3 investment summit, recently concluded in Hong Kong with strong support from the government. Over 5,000 participants from various countries attended the event, which featured more than 150 sessions covering a wide range of topics. The opening speeches emphasized Hong Kong’s commitment to developing the digital economy […]

ESMA Report Highlights Risks of DeFi in EU Market

The European Securities and Markets Authority (ESMA) has released a report on the risks associated with Decentralized Finance (DeFi) in the EU market. While acknowledging the potential benefits of DeFi, such as financial inclusion and innovative financial products, the report also highlights significant risks. One of the main risks identified is the liquidity risk due […]

Visa Launches $100 Million Fund to Drive AI Innovations in Commerce and Payments

Visa’s recent investment in generative AI has sparked a transformative shift in the world of commerce and payments. This move has had a significant impact on startups like InQubeta and The Graph, revolutionizing the way they operate and paving the way for future growth.The Graph, a popular blockchain and DApp development community, relies on The […]