Binance, the world’s largest crypto exchange, and its billionaire founder Changpeng Zhao have dodged scrutiny by financial regulators in the U.S. and UK.
Now there are signs that the strategy is fraying.
Now there are signs that the strategy is fraying.
Reuters
How Binance CEO and aides plotted to dodge regulators in U.S. and UK
Crypto exchange Binance and its founder have swerved scrutiny by financial regulators, Reuters reporting shows. Now there are signs the strategy is fraying
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DEX volumes have steadily declined throughout 2022 as the bear market has muted most on-chain activity.
However, Uniswap still executes most DEX volume with a 58% volume share.
The protocol's recent expansion onto zkSync positions them for continued dominance.
However, Uniswap still executes most DEX volume with a 58% volume share.
The protocol's recent expansion onto zkSync positions them for continued dominance.
app.uniswap.org
Uniswap Interface
Swap crypto on Ethereum, Base, Arbitrum, Polygon, Unichain and more. The DeFi platform trusted by millions.
It's official: Meta's $400m Giphy takeover has been unwound by competition regulators in the UK.
Meta has admitted defeat, with a spokesperson for the company telling me the company "accept today’s ruling as the final word on the matter."
Meta has admitted defeat, with a spokesperson for the company telling me the company "accept today’s ruling as the final word on the matter."
CNBC
Facebook parent Meta admits defeat after Giphy deal is blocked by UK regulators
Meta, the owner of Facebook, has been reordered by U.K. competition regulators to sell its animated GIF unit Giphy after losing an appeal.
⚡️Facing Threat From Apple, Google Tries New Hardware Playbook
It may be Google’s worst nightmare. Apple’s iPhone is stealing share from Samsung phones powered by Google’s Android software.
At the same time, U.S. antitrust regulators are scrutinizing Google’s search deal with Apple, raising the prospect that Google’s search may lose its favored position in the Safari browser on iPhones.
These twin developments, which threaten Google’s mobile ads business, have prompted the tech giant to take a big gamble.
It is doubling down on investment in its own hardware, including its Pixel phones, including by moving product development and software engineering staff working on features for non-Google hardware to work on Google-branded devices, according to an internal document.
It may be Google’s worst nightmare. Apple’s iPhone is stealing share from Samsung phones powered by Google’s Android software.
At the same time, U.S. antitrust regulators are scrutinizing Google’s search deal with Apple, raising the prospect that Google’s search may lose its favored position in the Safari browser on iPhones.
These twin developments, which threaten Google’s mobile ads business, have prompted the tech giant to take a big gamble.
It is doubling down on investment in its own hardware, including its Pixel phones, including by moving product development and software engineering staff working on features for non-Google hardware to work on Google-branded devices, according to an internal document.
The Information
Facing Threat From Apple, Google Tries New Hardware Playbook
It may be Google’s worst nightmare. Apple’s iPhone is stealing share from Samsung phones powered by Google’s Android software. At the same time, U.S. antitrust regulators are scrutinizing Google’s search deal with Apple, raising the prospect that Google’s…
A newly developed microelectrode array that uses a special 3D printing technology can prove to be a potential breakthrough for open access brain computer interface technologies.
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Today a16z crypto to announce the launch of new accelerator, Crypto Startup School.
The program will include:
Investment from a16z crypto ($500k)
Mentorship from leading founders
Advice from domain experts
Network of fellow builders
Apply.
The program will include:
Investment from a16z crypto ($500k)
Mentorship from leading founders
Advice from domain experts
Network of fellow builders
Apply.
a16z crypto
Crypto Startup School - a16z crypto
Crypto startup school is a 12-week accelerator program for web3 startups, including access to industry experts the a16z network.
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Japan to ease the listings of tokens in a bid to revitalize the crypto industry
Bloomberg.com
Japan to Further Relax Crypto Rules by Easing Listings of Tokens
Japan plans to further loosen cryptocurrency rules by making it easier to list virtual coins, potentially burnishing the country’s allure for Binance and rival foreign digital-asset exchanges.
What are the most innovative DeFi products currently in development?
👇 write in the comments
👇 write in the comments
Brazil's largest digital bank Nubank, with 70 million users, will launch its own cryptocurrency Nucoin with polygon in the first half of next year. In June, the bank started selling bitcoin and eth on the app.
Portal do Bitcoin
Nubank vai lançar criptomoeda própria na blockchain do Ethereum | Portal do Bitcoin
O token Nucoin será distribuído para todos os clientes do Nubank e vai integrar o programa de benefícios que o banco planeja expandir em 2023
⚡️scoop: FTX is spending money to push a law thru congress that may force defi protocols to operate like centralized exchanges.
The proposal is called the Digital Commodities Consumer Protection Act.
A better name would be the Digital Commodities FTX Protection Act.
The proposal is called the Digital Commodities Consumer Protection Act.
A better name would be the Digital Commodities FTX Protection Act.
One step closer to the universal translator. Thousands of languages around the world have no standard written form, yesterday Meta AI team released a breakthrough in translating them: the first Hokkien language translation system
Facebook
A new AI-powered speech translation system for Hokkien pioneers a new approach for a primarily oral language
We're open-sourcing the first AI-powered translation system for an unwritten language. Our technology allows speakers of Hokkien (which is widely spoken within the Chinese diaspora but lacks a standard written form) to hold conversations with English speakers.
German bank N26 launches crypto trading to its over 7 million customers
European digital bank N26 announced that it is launching a crypto trading service for its customers. Notably, Austria is set to be the first market for the said launch.
The Germany-based bank will make use of crypto exchange Bitpanda’s trading and custody platform to give bank’s customers access to crypto. The service, called N26 Crypto, is set to become available to the bank′s Austrian clients in the coming weeks and it will initially include 100 tokens including Bitcoin, Ethereum, Cardano, and XRP among others.
N26 plans to roll out the feature to users in other markets over the next six months and eventually expand its token offering to include a total of 194 tokens.
European digital bank N26 announced that it is launching a crypto trading service for its customers. Notably, Austria is set to be the first market for the said launch.
The Germany-based bank will make use of crypto exchange Bitpanda’s trading and custody platform to give bank’s customers access to crypto. The service, called N26 Crypto, is set to become available to the bank′s Austrian clients in the coming weeks and it will initially include 100 tokens including Bitcoin, Ethereum, Cardano, and XRP among others.
N26 plans to roll out the feature to users in other markets over the next six months and eventually expand its token offering to include a total of 194 tokens.
CNBC
Europe’s $9 billion digital bank N26 launches crypto trading service amid bear market
An N26 executive said interest in cryptocurrencies "remains super high, even in a bear market."
OpenAI in advanced talks with Microsoft for more funding
OpenAI, whose text- and image-generating artificial intelligence has become a mainstream hit, is in advanced talks to raise more funding from Microsoft, which previously backed the startup with capital that includes credits to use Microsoft’s Azure cloud computing services to develop its technology, according to a person with knowledge of the discussions.
A new deal could help Microsoft grow Azure usage, one of its top priorities, while keeping OpenAI’s business away from rivals including Amazon Web Services and Google Cloud.
The talks follow a previously undisclosed sale of OpenAI stock by existing shareholders last year to investors including Sequoia Capital, Tiger Global Management, Bedrock Capital and Andreessen Horowitz.
In that deal, the price of the shares implied a valuation of nearly $20 billion for the seven-year-old startup, said several people with knowledge of the deal.
OpenAI, whose text- and image-generating artificial intelligence has become a mainstream hit, is in advanced talks to raise more funding from Microsoft, which previously backed the startup with capital that includes credits to use Microsoft’s Azure cloud computing services to develop its technology, according to a person with knowledge of the discussions.
A new deal could help Microsoft grow Azure usage, one of its top priorities, while keeping OpenAI’s business away from rivals including Amazon Web Services and Google Cloud.
The talks follow a previously undisclosed sale of OpenAI stock by existing shareholders last year to investors including Sequoia Capital, Tiger Global Management, Bedrock Capital and Andreessen Horowitz.
In that deal, the price of the shares implied a valuation of nearly $20 billion for the seven-year-old startup, said several people with knowledge of the deal.
The Information
OpenAI, Valued at Nearly $20 Billion, in Advanced Talks with Microsoft For More Funding
OpenAI, whose text- and image-generating artificial intelligence has become a mainstream hit, is in advanced talks to raise more funding from Microsoft, which previously backed the startup with capital that includes credits to use Microsoft’s Azure cloud…
A new report on DeFi regulation commissioned by the EU Commission was published.
This report will contribute to the EU policy debate on the topic that is expected to lead to a DeFi report (or even legislation) in 2023.
The report makes 4 policy proposals:
1. Regulate legal entities (macro-prudential provisions etc.)
2. Introduce a voluntary framework for DeFi supervision
3. Establish a public observatory that issues opinions based on public on-chain data ("embedded supervision")
4. Build an approach for oracle supervision/reg.
An interesting report that will definitely contribute to the current discussion across the pond on how DeFi should be approached from a policy/regulatory perspective.
This report will contribute to the EU policy debate on the topic that is expected to lead to a DeFi report (or even legislation) in 2023.
The report makes 4 policy proposals:
1. Regulate legal entities (macro-prudential provisions etc.)
2. Introduce a voluntary framework for DeFi supervision
3. Establish a public observatory that issues opinions based on public on-chain data ("embedded supervision")
4. Build an approach for oracle supervision/reg.
An interesting report that will definitely contribute to the current discussion across the pond on how DeFi should be approached from a policy/regulatory perspective.
Interpol to offer metaverse police training in virtual bureau, launch expert taskforce
The Interpol metaverse will allow registered users to tour a virtual copy of the Interpol General Secretariat headquarters in Lyon, France, it said in a news release.
Users will be able to interact with other officers via their avatars and take immersive training courses in forensic investigation and other policing capabilities.
It has formed an expert metaverse group to "represent the concerns of law enforcement on the global stage — ensuring this new virtual world is secure by design."
Interpol's commitment demonstrates a growing anxiety about the policing of online spaces, which are increasing in popularity as technology develops.
By 2026, one in every four people will spend at least an hour a day in the metaverse to work, study, shop and socialize, according to technology research firm Gartner.
“The metaverse has the potential to transform every aspect of our daily lives with enormous implications for law enforcement,” said Madan Oberoi, Interpol’s executive director of technology and innovation, in a statement. “But in order for police to understand the Metaverse, we need to experience it."
Interpol said that a list of possible offenses may include crimes against children, data theft, money laundering, financial fraud, counterfeiting, ransomware, phishing and sexual assault and harassment. It added that these may present challenges as not all acts that are criminalized in the physical world are considered crimes in the virtual world.
“For many, the Metaverse seems to herald an abstract future, but the issues it raises are those that have always motivated Interpol — supporting our member countries to fight crime and making the world, virtual or not, safer for those who inhabit it,” said Interpol Secretary General Jürgen Stock in a statement. “We may be entering a new world, but our commitment remains the same."
The Interpol metaverse will allow registered users to tour a virtual copy of the Interpol General Secretariat headquarters in Lyon, France, it said in a news release.
Users will be able to interact with other officers via their avatars and take immersive training courses in forensic investigation and other policing capabilities.
It has formed an expert metaverse group to "represent the concerns of law enforcement on the global stage — ensuring this new virtual world is secure by design."
Interpol's commitment demonstrates a growing anxiety about the policing of online spaces, which are increasing in popularity as technology develops.
By 2026, one in every four people will spend at least an hour a day in the metaverse to work, study, shop and socialize, according to technology research firm Gartner.
“The metaverse has the potential to transform every aspect of our daily lives with enormous implications for law enforcement,” said Madan Oberoi, Interpol’s executive director of technology and innovation, in a statement. “But in order for police to understand the Metaverse, we need to experience it."
Interpol said that a list of possible offenses may include crimes against children, data theft, money laundering, financial fraud, counterfeiting, ransomware, phishing and sexual assault and harassment. It added that these may present challenges as not all acts that are criminalized in the physical world are considered crimes in the virtual world.
“For many, the Metaverse seems to herald an abstract future, but the issues it raises are those that have always motivated Interpol — supporting our member countries to fight crime and making the world, virtual or not, safer for those who inhabit it,” said Interpol Secretary General Jürgen Stock in a statement. “We may be entering a new world, but our commitment remains the same."
www.interpol.int
INTERPOL launches first global police Metaverse
The virtual world allows INTERPOL to offer immersive training courses to law enforcement across the globe
Glassnode: The Bitcoin Hash Price has reached an all-time-low of $66,500 per Exahash.
This means that BTC miners are earning the smallest reward relative to hashpower applied in history, and likely puts the industry under extreme income stress.
This means that BTC miners are earning the smallest reward relative to hashpower applied in history, and likely puts the industry under extreme income stress.
Glassnode
Glassnode Studio - On-Chain Market Intelligence
Glassnode Studio is your gateway to on-chain data. Explore data and metrics across the most popular blockchain platforms.
Crypto-friendly Rishi Sunak to become UK Prime Minister
Rishi Sunak, who shepherded the U.K.’s new crypto ambitions during his time as finance minister, has been chosen to be the country’s next Prime Minister following Liz Truss’ controversial exit from office last week.
Sunak was chosen by his fellow Conservative Party members on Monday to replace Truss – who was in office for just 45 days and was forced to resign after her economic stimulus plan quickly unraveled leading to political and economic instability.
During his time as finance minister under former Prime Minister Boris Johnson, Sunak announced he wanted to turn the U.K. into a crypto hub. He helped usher in the Financial Services and Markets Bill, which, if passed into law, could give local regulators broad power over the crypto industry.
Rishi Sunak, who shepherded the U.K.’s new crypto ambitions during his time as finance minister, has been chosen to be the country’s next Prime Minister following Liz Truss’ controversial exit from office last week.
Sunak was chosen by his fellow Conservative Party members on Monday to replace Truss – who was in office for just 45 days and was forced to resign after her economic stimulus plan quickly unraveled leading to political and economic instability.
During his time as finance minister under former Prime Minister Boris Johnson, Sunak announced he wanted to turn the U.K. into a crypto hub. He helped usher in the Financial Services and Markets Bill, which, if passed into law, could give local regulators broad power over the crypto industry.
CoinDesk
Crypto-Friendly Rishi Sunak to Become UK Prime Minister Following Truss Exit
During his time as finance minister, Sunak unveiled plans to turn the country into an international hub for crypto.
Fable’s The Simulation lets you build a society of AIs based on character NFTs
Fable is launching its first town in The Simulation, a place called AI Nouns Town, where owners of NFTs can sign up and adopt AI characters.
Rather than play in a world with AI characters, Fable is letting the AI characters play in the worlds.
And if Fable puts enough of these worlds together, it can become a kind of metaverse.
The Simulation represents a pivot away from AI chatbot characters that enabled one-on-one communication between AI characters and humans.
Each land within The Simulation is kind of like the different lands within Disneyland. Only in this case, there is a different world for each different affiliated NFT. For instance, the company could have worlds dedicated to NFT art characters such as Bored Apes, Doodles, or Deadfellaz. Saatchi thinks of it as a “gonzo AI theme park,” or a Disneyland for NFTs.
The plan is to launch the first world in The Simulation in early 2023.
Fable is launching its first town in The Simulation, a place called AI Nouns Town, where owners of NFTs can sign up and adopt AI characters.
Rather than play in a world with AI characters, Fable is letting the AI characters play in the worlds.
And if Fable puts enough of these worlds together, it can become a kind of metaverse.
The Simulation represents a pivot away from AI chatbot characters that enabled one-on-one communication between AI characters and humans.
Each land within The Simulation is kind of like the different lands within Disneyland. Only in this case, there is a different world for each different affiliated NFT. For instance, the company could have worlds dedicated to NFT art characters such as Bored Apes, Doodles, or Deadfellaz. Saatchi thinks of it as a “gonzo AI theme park,” or a Disneyland for NFTs.
The plan is to launch the first world in The Simulation in early 2023.
VentureBeat
Fable’s The Simulation lets you build a society of AIs based on character NFTs
Fable has unveiled The Simulation, a place where you can create and nurture AI characters and enable them to dwell on their own.