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JPMorgan CEO Jamie Dimon has reiterated his negative stance on Bitcoin, citing concerns over illicit activities during an interview with Fox. Dimon stated that Bitcoin's actual use cases include sex trafficking, tax avoidance, money laundering, and terrorism financing. This comes as JPMorgan is reportedly being considered for involvement in Grayscale's proposed Bitcoin exchange-traded fund (ETF) as an authorized participant. The contradictory stance raises questions about the institution's views on Bitcoin, especially considering its potential role in multiple Bitcoin ETF initiatives. (Source: Bitcoinist)

Hong Kong legislator Johnny Ng has called on the local government to swiftly introduce spot crypto exchange-traded funds (ETFs) after the U.S. approval of such financial products. Ng emphasized that the Securities and Futures Commission had previously signaled its readiness to accept applications for spot bitcoin ETFs. He urged Hong Kong to seize the opportunity to lead in the crypto space globally and solidify its position as a hub for virtual assets. Ng also stressed the importance of enhancing public education on virtual assets to raise awareness and prevent unlawful activities in the sector. (Source: The Block)

In response to the rising threat of AI-generated audio deepfakes, cybersecurity giant McAfee introduces Project Mockingbird, a cutting-edge tool boasting a 90% accuracy rate in detecting maliciously fabricated audio. Aimed at thwarting cybercriminals employing deepfake technology for scams and cyberbullying, the tool signifies a potential breakthrough in the ongoing battle against digital deception. This development aligns with McAfee's commitment to extending the fight against AI threats to the same level as traditional malware. The legacy of John McAfee, a figure synonymous with technological innovation and personal controversy, adds an intriguing layer to the narrative, as Project Mockingbird shapes the future of cybersecurity in the evolving landscape of AI-generated threats. (Source: Cryptopolitan)

Rapid progress in China's Central Bank Digital Currency (CBDC) development has led to a rise in digital yuan-related criminal cases, including fraud and identity theft. A Shanghai court recently convicted a group that exploited CBDC functions on an ATM, stealing over $17,150 worth of banknotes. Criminals took advantage of the digital yuan's popularity, using phishing and fraud schemes. Authorities warn the public to be cautious and obtain CBDC information through official channels. The incidents highlight the need to upgrade anti-money laundering regulations to counter sophisticated criminals taking advantage of CBDC developments. (Source: Cryptonews)

Hong Kong introduces the AI4K12 initiative for K-12 education, focusing on five principles to teach AI and robotics concepts. It aims to instill awareness of AI's dynamics and ensure responsible usage. The initiative aims to cultivate a generation aware of AI's dynamic functionalities, ensuring safe and responsible AI usage. Concerns persist about the emotional well-being of students using AI, prompting calls for safeguards and age limits. The debate centers on balancing educational opportunities with potential harms from AI, especially chatbots. As the initiative unfolds, the educational community explores responsible AI integration in schools. (Source: Cryptopolitan)

The U.S. Securities and Exchange Commission (SEC) has given approval for 11 spot bitcoin exchange-traded funds (ETFs), allowing them to be listed and traded on major exchanges such as NYSE Arca, Nasdaq, and Cboe BZX. These ETFs are set to start trading on Thursday, January 11. The approved ETFs include offerings from companies like Ark 21shares, Invesco, Vaneck, Wisdomtree, Fidelity, Franklin, Grayscale, Bitwise, Hashdex, BlackRock's Ishares, and Valkyrie. The move is considered a significant development in the crypto industry, providing investors with a new way to gain exposure to bitcoin through regulated financial products. (Source: Bitcoin.com)

The National Bank of Ukraine (NBU) has emphasized that cryptocurrencies are not considered money, aligning with the International Monetary Fund's stance. The First Deputy Governor of the NBU, Kateryna Rozhkova, stated that the NBU intends to regulate the crypto sector using the EU's Markets in Crypto-Assets (MiCA) legislation as a benchmark. However, she acknowledged that current priorities, including the ongoing war, place macro-financial stability above cryptocurrency regulation. Lawmakers are working on a draft crypto tax bill, and the NBU expressed its willingness to adopt EU-inspired regulations in the future.

The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) has entered into a groundbreaking agreement with generative AI firm Replica Studios. The Hollywood union, representing performers including voice artists, aims to regulate the integration of artificial intelligence into gaming. The deal allows Replica Studios to create digital replicas of actors' voices with explicit consent, giving voice talent control over the use of their AI voice doubles and ensuring fair compensation. While a significant step, the agreement does not address concerns related to large language models, leaving negotiations ongoing for comprehensive agreements in the gaming industry. (Source: Cryptopolitan)

Senators J.D. Vance and Thom Tillis have written a letter to SEC Chair Gary Gensler, expressing "serious concerns" about the recent X account breach on January 9. The senators are requesting a report from the SEC to Congress about the incident, citing the confusion it caused and emphasizing the importance of cybersecurity procedures in line with the SEC's mission to protect investors and maintain fair markets. The senators also remind the SEC of the rulemaking regarding cybersecurity disclosures and propose a deadline of January 15 for the report. The SEC's X account was compromised, leading to a false tweet about spot Bitcoin ETF approval. (Source: Coindesk)

The European Commission has signaled its intention to investigate Microsoft's 49% stake in OpenAI to determine whether it should be reviewed under the EU Merger Regulation. The commission is examining agreements between large digital market players and generative AI developers and providers. Microsoft's investment in OpenAI, reportedly at least $13 billion for a 49% stake, is under scrutiny, and the commission may consider factors like Microsoft's recent involvement in OpenAI's CEO change. While this investigation doesn't guarantee regulatory action, it reflects ongoing scrutiny of major digital players in the European market.(Source: Cointelegraph)

The Safety Team of the X platform has confirmed that the U.S. Securities and Exchange Commission's (SEC) Twitter account was compromised. The incident caused chaos in the crypto market after a fake announcement about the approval of spot Bitcoin ETFs, leading to a temporary surge in Bitcoin prices. The X platform stated that the SEC account did not have two-factor authentication enabled at the time of the compromise. The hacking occurred when an unidentified individual gained control of a phone number associated with the SEC account through a third party. The SEC and X platform are collaborating with law enforcement to investigate the incident. (Source: Cointelegraph)

Nebraska State Senator Eliot Bostar has introduced Legislative Bill 911 on 5 January 2024, aiming to adopt the Blockchain Basics Act. This legislation aims to establish regulations promoting a safe and legal environment for cryptocurrency mining, holding, and trading in Nebraska. The proposed Blockchain Basics Act would permit individuals to host blockchain nodes and conduct crypto mining operations in residential properties without requiring licenses, subject to compliance with local noise ordinances. The bill also distinguishes crypto businesses, requiring them to operate from designated industrial zones. It explicitly states that staking services will not be considered securities in Nebraska. (Source: Cointelegraph)