Day: July 26, 2023

Alibaba to support Meta’s AI model Llama

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E-commerce group Alibaba will become the first Chinese company to make use of Meta’s open-source artificial intelligence (AI) model Llama to power zero-cost development of programs. According to an initial report from Reuters which cited an official statement from Alibaba Cloud through its WeChat account, the cloud computing arm of the Chinese conglomerate has deployed a Llama 2-based solution to allow businesses to develop software and tools using AI: “Today, Alibaba Cloud has launched the first training and deployment solution for the entire Llama2 series in China, welcoming all developers…

Singapore High Court rules crypto personal property, compares it to fiat money

Cryptocurrency is deemed property capable of being held on trust, Judge Philip Jeyaretnam of the High Court of Singapore decided in a ruling on July 25. The Judge said he didn’t see any difference between crypto, fiat money or shells, as long as all those objects, physical or not, share value, created by mutual faith in it.  Judge Jeyaretnam handed down his ruling in a case brought by ByBit against its former employee, Ho Kai Xin. ByBit claimed the staff-member transferred around 4.2 million of USDT from the crypto exchange to her…

Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq, and more

Ant Group, a company backed by billionaire Jack Ma, is reportedly planning to restructure and cut ties to some operations that are not core parts of its Chinese financial business. The move prepares the company for a potential initial public offering (IPO) in Hong Kong.  Citing anonymous sources, mainstream media outlet Bloomberg reported that the firm relayed to its shareholders that the company is looking to leave its blockchain, database management out of a main entity, which will then be applying for a financial holding license in China. After completing…

U.S. Senate wants companies to report investments in Chinese technologies

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The United States Senate came together on July, 25 to back bipartisan legislation which mandates U.S. companies to report any investments in Chinese technologies.  In an overwhelming vote of 91 to 6, the Senate supported the amendment to the National Defense Authorization Act (NDAA), which is anticipated to be implemented as a law later in the year. The amendment will require U.S. companies to notify federal agencies of outbound investments in Chinese technologies including semiconductors – used to create artificial intelligence (AI)- and AI itself. Democratic Senator Bob Casey and…

Craig Wright Needs to Pay $516K to Fight Case Against Kraken, Coinbase: U.K. Judge

CryptoX – Cryptocurrency Analysis and News Portal Craig Wright, an Australian computer scientist who claims he is blockchain innovator Satoshi Nakamoto and owns the concepts underpinning Bitcoin, must pay 400,000 British pounds ($516,000) in security for legal costs to pursue claims against crypto exchanges Coinbase and Kraken. Source The post Craig Wright Needs to Pay $516K to Fight Case Against Kraken, Coinbase: U.K. Judge appeared first on CryptoX. CryptoX Portal

Exclusive: Johan Hörmark on SEB’s Blockchain-Driven Bond Platform

In this insightful interview, we had the opportunity to engage with Johan Hörmark, the Digital Bonds Platform Project Manager at SEB. Johan provided a comprehensive overview of SEB’s new digital bond platform, which leverages blockchain technology to revolutionize the banking sector. The platform, known as so|bond, is utilized for primary issuances, safe-keeping, and managing events such as dividends/coupons and redemption. The blockchain serves as the ultimate record of bond ownership and employs smart contracts to manage events and corporate actions. This innovative approach introduces a new level of transparency, allowing…

Bitcoin dips from $30,000, DigiToads to extend bull run through 2024

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The performance of crypto assets is impacted by sentiment, with the Bitcoin (BTC) price being a key indicator. Meanwhile, DigiToads is gaining popularity among investors as an alternative asset. Bitcoin is a store-of-value asset with no credible threat from coins like Litecoin (LTC), which have stagnated despite attempting to provide more efficient alternatives. Instead, projects that offer utility have higher chances of achieving the growth investors hope for. One such project is DigiToads (TOADS). This project is in…

Singapore Court Says Crypto Is a Property That Can Be Held by Trust

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