Day: October 26, 2023

UK Parliament Pass Bill to Ease Seizure of Crypto Linked to Crime, Terrorism

The Economic Crime and Corporate Transparency Bill covers a range of criminal activities from drug trafficking to cybercrime and is expected to get the King’s approval on Thursday that will put into force. Provisions in the bill give broader powers to local cops, and would let them seize crypto with criminal links without a conviction – something experts say would come in handy, particularly in time-sensitive cases. Source

TikTok to Host Its First Live Global Music Event, Tickets.com to Sell Tickets

TikTok live music event will feature a number of celebrities. Among them are Cardi B, Niall Horan, Anitta, and Charlie Puth, all of whom have millions of followers on the platform. ByteDance‘s video-sharing social media platform TikTok will host its first-ever live global music event. Dubbed “TikTok In The Mix”, the event will take place at Sloan Park, Mesa, Arizona on December 10. To distribute the tickets, TikTok partnered with Tickets.com – a leading provider of fully integrated event ticketing solutions and services. Starting on October 27, tickets will be…

Circle launches ‘points-to-crypto’ program with Taiwan convenience store chain

The United States-based stablecoin issuer Circle has reported a partnership with Taiwan’s second-largest convenience store chain, FamilyMart, and a local crypto exchange, BitoGroup. According to the company’s press release from Oct. 26, it will deliver a new ‘Points-to-Crypto’ service on the Taiwan FamilyMart App.  This will allow FamilyMart customers to exchange their loyalty points for the Circle-issued USDC. Customers will be able to withdraw the equivalent of FamiPoints to their BitoPro wallets. As the release explains: “Converting FamiPoints into USDC prevents a loss of value in loyalty points over time and…

Still Not Bullish On Solana? 4 New Reasons Why You Should Be

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Solana (SOL) has been on the tip of many crypto enthusiasts’ tongues lately and with good reason. The vibrant ecosystem, strong partnerships, and a skyrocketing SOL price have given investors plenty to mull over. Here are four (new) reasons why you should lend Solana your attention. #1 Solana And The US Regulatory Landscape Solana’s prospects in the US seem to be intertwined with unfolding regulatory decisions. Vibhu Norby, founder of Drip Labs, today shared notable and positive insights from a recent Crypto Policy Bootcamp, tweeting, “Takeaways from Crypto Policy Bootcamp…

IBM Beats Estimates for Its Q3 2023 Revenue, Stock Jumps 1%

IBM’s Software unit delivered $6.27 billion in revenue registering an 8% surge in Q3 2023. The company has given an optimistic outlook for Q4 as well. On Wednesday, October 25, IBM Corp (NYSE: IBM) stock jumped by 1% as the technology firm announced its Q3 2023 results beating Wall Street estimates. IBM’s total revenue experienced a year-over-year growth of 4.6% in the quarter, or 3.5% when adjusted for constant currency fluctuations, as reported in an official statement. The net income for the period reached $1.70 billion, equivalent to $1.84 per…

JPMorgan Handles $1B Daily Transactions In Digital Token JPM Coin: Bloomberg

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Meta faces legal scrutiny as AI advancements raise concerns over child safety

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A group of 34 United States states are filing a lawsuit against Facebook and Instagram owner Meta, accusing the company of engaging in improper manipulation of minors who use the platforms. This development comes amid rapid artificial intelligence (AI) advancements involving both text and generative AI. Legal representatives from various states, including California, New York, Ohio, South Dakota, Virginia and Louisiana, allege that Meta utilizes its algorithms to foster addictive behavior and negatively impact the mental well-being of children through its in-app features, such as the “Like” button. The government…

X Introduces Audio and Video Calling Functionality

Open-source advocate Chris Messina argued that X’s code suggests users may need a premium subscription on X to use the new feature. Since taking over at X (formerly Twitter), Elon Musk has been working to transform the microblogging platform into a super app. The latest feature to be added to X is the audio and video calling functionality, according to the Verge. Users are receiving notifications stating that “audio and video calls are here” when opening the X app. However, there have been no official announcements of the launch. What…