Month: September 2023

OpenAI to Host Inaugural Developer Conference in San Francisco

According to reports, OpenAI may provide updates about some of its products, including the highly anticipated ChatGPT-5, which is still in the works. ChatGPT maker OpenAI is about to make history with its inaugural developer conference, OpenAI DevDay, scheduled for November 6 in the United States. The upcoming event marks a significant milestone in the company’s commitment to fostering collaboration and knowledge-sharing within the AI community. In a blog post on September 6, the company announced the one-day event, calling for AI professionals and developers from around the world to…

Polygon Foundation denies MATIC dump on Binance, claims wallets were mislabeled

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Blockchain analytic firm Lookonchain flagged a crypto wallet allegedly belonging to Polygon Foundation that transferred large amounts of Matic tokens on Binance. Polygon Labs founder Sandeep Nailwal refuted the claim and said it was a case of mislabeling and the wallet doesn’t belong to Polygon Foundation. One more time, incorrect labelling @lookonchain. This is the second time this has happened. Plz be careful about these tweets , creates unnecessary FUDs for the community https://t.co/mVpaIYB9Xt — Sandeep Nailwal | sandeep. polygon (@sandeepnailwal) September 7, 2023 Lookonchain flagged two wallets “Polygon Foundation:…

Tencent Unveils ‘Hunyuan’ AI Model for Business Use

Tencent’s announcement closely follows a host of AI-powered applications revealed by Baidu, another tech giant in China. Chinese tech giant Tencent Holdings Ltd (HKG: 0700) is set to launch its cutting-edge AI model, “Hunyuan”, for business applications. This announcement was made by Dowson Tong, CEO of the cloud and smart industries group at Tencent, in an exclusive interview with CNBC ahead of the company’s annual summit. The unveiling of Hunyuan comes at a time when Artificial Intelligence (AI) technology is making significant strides in various sectors, and Chinese tech companies…

Artificial Intelligence, Digital Ledger Technology Could Lower Financing Costs, Transform Financial Markets: Moody’s

“DLT could improve financial market efficiency, modernize the payment system, and foster financial inclusion,” Vincent Gusdorf, head of DeFi and digital asset analytics, said in a press statement shared with CoinDesk. “The overall economic and financial effects of technological changes, including the policy and strategic changes they prompt, are likely to be positive.” Source

Arm and Apple Sign Deal That will Last through 2040 and Beyond

The Arm filing confirmed that the deal with Apple will last beyond 2040, while assuring that its relationship with other tech giants continue. Apple (NASDAQ: AAPL) has signed a deal with Softbank’s chip designer firm Arm that will last through 2040 and beyond, according to a filing with the United States Securities and Exchanges (SEC). The filing also states that the consumer electronics giant will have access to some Arm architecture. Arm says it has close partnerships with leading tech companies, including Samsung, OPPO, Vivo, Xiaomi, Amazon AWS, and Alibaba. It…

Celsius Network Files Complaint against EquitiesFirst as It Seeks to Recoup Assets

Celsius Network was perhaps one of the worst-hit firms when the crypto winter struck in 2022. Bankrupt crypto lender Celsius Network has accused Indianapolis-based EquitiesFirst Holdings of owing it some undisclosed amounts. That is according to a September 6 adversary complaint that was filed by Celsius. Although sealed, the title of the docket under which the complaint was filed reveals that Celsius may be seeking an injunction in line with its bid to recover some of its assets. Additionally, the filing also names both EquitiesFirst and its CEO Alexander Christy…

Could A Breakout Push Prices Above $0.6?

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XRP has been navigating turbulent waters in recent months. After reaching a high of $0.936, the coin took a nosedive to hit the $0.5 mark, leaving investors in a state of uncertainty.  With a current price of $0.502574 according to CoinGecko, XRP is experiencing a minor 0.3% decline in the last 24 hours, contributing to a seven-day slump of 4.8%. However, a recent price report has sparked hope among XRP enthusiasts, suggesting a potential rebound that could change the game for this digital asset. The report indicates that a potential…

Binance crypto exchange saw departure of 10 key executives in 2023. Here’s the list

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The world’s leading crypto exchange by trading volume Binance has seen the departure of 10 key executives from various departments in the first nine months of 2023. While executive departures from a company are a norm based on their preset contractual obligations, the number of executives leaving Binance amid growing regulatory troubles has been a key talking point in the crypto community. The latest to join the list is Helen Hai, the executive vice president of the crypto exchange, who announced her resignation from her post on Sept. 6. On…

IMF, FSB release joint policy recommendations for crypto assets

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The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a joint paper containing policy recommendations at the request of the Indian G20 presidency. The organizations have created the paper to combine the standards and consolidate collective recommendations to provide guidance and help various jurisdictions address risks associated with crypto asset activities. The policy paper includes recommendations for regulating activities related to stablecoins and decentralized finance (DeFi). It also describes how regulatory frameworks and policies developed by both the IMF and the FSB can interact and fit together. However,…