Federal Reserve Chairman Urges Congressional Action on CBDC and Stablecoin Regulation

by Александр Пирогов | Feb 15, 2024 | Blog News

Federal Reserve Chairman Jerome Powell emphasized the need for congressional authorization for a central bank digital currency (CBDC) and called for stablecoin legislation during a closed-door meeting with House Financial Services Committee members. Powell stressed...

The Glenlivet Launches 50-Year-Old Whiskey Collection with NFTs and AI Labels

by Александр Пирогов | Feb 14, 2024 | Blog News

To mark its 200th anniversary, The Glenlivet distillery in Scotland has unveiled “The Twelve Elements,” a collection of 50-year-old whiskeys. This release incorporates blockchain technology via NFTs and utilizes generative AI for label design, blending...

Isle of Man Opens Consultation on Crypto Regulation Amid AML/CFT Concerns

by Александр Пирогов | Feb 14, 2024 | Blog News

The Isle of Man, renowned for its status as an offshore financial center, has initiated a public consultation regarding the future of its cryptocurrency regulation. The local Financial Service Authority (FSA) released a discussion paper on Feb. 13, focusing on...

Block Earner Faces Legal Action for Unlicensed Crypto Lending in Australia

by Александр Пирогов | Feb 14, 2024 | Blog News

The Federal Court of Australia has ruled against Block Earner, also known as Web3 Ventures Pty Ltd, for offering its ‘Earner’ cryptocurrency lending product without obtaining the required Australian Financial Services License. However, the court allowed...

Chamber of Digital Commerce Supports Hermès in MetaBirkins Case

by Александр Пирогов | Feb 14, 2024 | Blog News

The Chamber of Digital Commerce (CDC), a prominent blockchain and digital asset trade association, filed an amicus curiae brief in support of French design house Hermès in its legal battle against artist Mason Rothschild over the creation of “MetaBirkins”...

JPMorgan Survey Reveals Institutional Confidence in AI for Trading, Decline in Interest in Cryptocurrency

by Александр Пирогов | Feb 14, 2024 | Blog News

In a recent survey conducted by JPMorgan, institutional investors expressed strong confidence in the role of artificial intelligence (AI) and machine learning (ML) in the future of trading. Of the 4,010 institutional traders surveyed across 65 countries, 61%...