Day: August 1, 2023

World Federation of Exchanges Asks IOSCO to Tackle Conflict of Interest in CeFi

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The World Federation of Exchanges (WFE) has asked the International Organization of Securities Commissions (IOSCO) to address the conflict of interest created by centralized finance (CeFi) firms such as crypto exchanges that engage in multiple businesses. The recommendation comes as IOSCO, a global body for securities regulators, plans to finalize its recommendations for the regulation of the global crypto industry by the fourth quarter of this year. Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of…

Nomura’s crypto arm Laser Digital bags Dubai VARA license

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The crypto arm of Nomura has obtained an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) amid the Japanese financial holding’s attempts to leave its mark in the digital asset space. Laser Digital Middle East FZE, Nomura’s Dubai-based digital asset subsidiary, announced on Aug. 1 that the new virtual asset service provider (VASP) license would allow it to offer broker-dealer and virtual asset management and investment services in the emirate. Additionally, the permit allows the firm to conduct trading and asset management operations in the coming months, including over-the-counter…

Uniswap (UNI) Stays Afloat With 11% Gain

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Uniswap (UNI) has experienced a remarkable, bullish surge in its price amidst mounting sell-pressure on cryptocurrency exchanges. Bullish crypto traders have actively placed orders to buy 1.3 million UNI tokens, driving the price to $6.43, one of the highest levels in the past four months.  CoinGecko data indicates that the token experienced a minor 0.07% drop in the past 24 hours but a notable seven-day rally of 12.4%. Recent data compiled by Santiment also reveals a noteworthy and sudden surge in Uniswap’s Age Consumed, indicating significant movement of tokens in…

AI can be a ‘creative amplifier’ — Grammy chief exec Harvey Mason Jr.

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Using artificial intelligence (AI) in creative industries is not an entirely new phenomenon. Whether in color-correcting images or cleaning up vocals, the technology has been deployed for years.  However, since the emergence of generative AI chatbot ChatGPT made AI tools widely accessible to the public, there has been a stir surrounding the technology’s place in the arts. Music industry giants like Universal Music Group have been active in trying to manage AI-generated content. Most recently, the Recording Academy — the institution behind the yearly Grammy music awards — updated its…

Taj Quantum Utilizes Blockchain in Authentication Systems, Awarded Patent for Groundbreaking Type II Superconductor

Taj Quantum, a company specializing in quantum technology and blockchain-based authentication systems, has been awarded a patent by the United States Patent and Trademark Office (USPTO) for its Above Room Temperature Type II Superconductor. The patent, numbered #17249094, was announced on July 31, 2023. The patented superconductor operates at a wide range of temperatures, from about -100° F (-73° C) to about 302° F (150° C). This range, which includes temperatures well above room temperature, is a characteristic uncommon in the world of superconductors. Inventors John Wood and Paul Lilly,…

SushiSwap furthers cross-chain functionality with Core integration

Decentralized finance (DeFi) platform SushiSwap is set to integrate with the growing blockchain protocol, Core, tapping into the protocol’s unique consensus mechanism to provide a broad set of DeFi services to its cross-chain functionality. The integration is touted to increase the possibilities for developers building within the Core ecosystem, with decentralized applications built on the protocol gaining access to SushiSwap’s liquidity pools, cross-chain swaps and its decentralized exchange (DEX) aggregator. The liquidity of SushiSwap’s automated market maker platform is also set to benefit the Core ecosystem, with the additional liquidity…

FTX.com releases restructuring plan, hints at rebooted offshore exchange

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FTX.com has outlined its intended re-organization plan that will categorize claimants of the bankrupt exchange into specific classes and pave the way for the exchange to become re-operational as an offshore entity. Dockets filed on July 31 include a draft plan of reorganization that outlines the company’s intended path to settle an “exceptionally large and complicated collection of claims”. There are a total of 13 different classes of claims, including specific brackets for Dotcom customer entitlement claims, U.S. customer claims and nonfungible tokens (NFTs) customer claims. Related: FTX reboot on the…