Day: November 17, 2023

Crypto lobby spending in U.S. set to beat 2022 record: Report

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With more than a month left before the end of 2023, the United States crypto industry has already spent $20 million on lobbying efforts. In the last year, the total sum stood at $22.2 million.  According to the CoinGecko report, published on Nov. 14, the U.S. crypto lobby has spent $20.19 million in 2023 to date, and this data doesn’t include the Q4 numbers. That means the total amount of lobby spending this year would probably exceed last year’s numbers, which were an absolute record for the American crypto industry.…

Meta Unveils AI Models for Video and Image Editing on Facebook & Instagram

Complementing Emu Video, Meta introduced Emu Edit, a precision-focused model dedicated to image manipulation. Meta Platforms Inc (NASDAQ: META), the parent company of Facebook and Instagram, has unveiled a suite of artificial intelligence (AI) models designed to revolutionize video generation and image editing on its social media platforms. According to a company blog post on Thursday, the generative AI tools Emu Video and Emu Edit are designed to help content creators generate videos and edit images without hassle on Facebook and Instagram. Transformative Video and Image Editing Tools Both tools…

Flare and Bloxico Collaborate to Launch Blockchain Reputation Scores

The Flare Reputation Score, born out of the collaboration between Flare and Bloxico, stands as a testament to the commitment to transparency, trust, and community empowerment within the blockchain realm.  Flare Network, the blockchain for data, has recently unveiled a groundbreaking partnership with Bloxico, a pioneering blockchain technology company to introduce a novel metric, the Flare Reputation Score. The Flare Reputation Score As highlighted in a press release shared with Coinspeaker, the Flare Reputation Score is set to redefine how participants are evaluated by combining objective on-chain data with subjective…

Wall Street Expert Predicts Ripple IPO Date

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Wall Street financial expert Linda Jones recently offered a detailed forecast regarding the potential Initial Public Offering (IPO) of Ripple. Speaking at a Fireside chat with Linqto, a pre-IPO investment platform, Jones outlined her insights into the expected timeline and factors influencing Ripple’s decision to go public. Jones stated via X, “Here is my interview with Linqto today. We talked about when Ripple might go public, my back of the envelope calculation for what the stock might be worth and potential acquisition targets.” Ripple IPO In May 2024? Despite Ripple’s…

Amazon to Launch Hyundai Vehicle Sales in 2024

Amazon users will be able to find and buy Hyundai vehicles of choice from different US local dealers beginning next year with the Alexa built-in expected to be integrated into the company’s next-generation vehicles. Leading online retail shopping company Amazon.com Inc (NASDAQ: AMZN) has announced a broad and strategic partnership with South Korea-based automotive manufacturer Hyundai Motor Co. Ltd (KRX: 005380) to ensure sustainable growth and innovative customer experiences. According to the announcement made during the 2023 Los Angeles Auto Show, Amazon will be launching online sales of Hyundai vehicles…

CoinShares Secures Buying Rights to Valkyrie’s Crypto ETFs

This acquisition will prepare CoinShares to position itself in the US markets ahead of the upcoming launch of spot Bitcoin ETFs. Europe-based crypto asset management firm CoinShares has obtained an exclusive option to acquire the ETF unit of Valkyrie Investments. This will help CoinShares strategically position itself in the US market amid expectations of the Securities and Exchange Commission approving a spot bitcoin ETF. The option, valid until March 31, offers CoinShares the opportunity for the acquisition, with specific financial details undisclosed. Currently, Europe offers spot crypto exchange-traded products, but…

Bitnovo receives PSAN registration in France

According to a Nov. 15 update, Bitnovo, the non-custodial crypto asset service provider that was founded in 2014 in Spain, has been registered as a digital asset provider (PSAN). This registration allows Bitnovo to offer its services in France, according to the AMF, France’s Financial Markets Authority. Maintaining regulation Pressbrokers SL (Bitnovo) | Source: AMF France According to Les Echos, the French financial newspaper, the status of digital asset service provider (PSAN) was first introduced in 2019, with the first company obtaining approval in 2023. CACEIS Bank, a French banking entity,…

DeFi Group Aave Companies Rebrands to Avara to Increase Its Web3 Appeal

Avara is hoping to create extensive access and usability for blockchain technology. Aave Companies have rebranded to Avara as a way of repositioning itself to attract a wider Web3 audience. According to Stani Kulechov, founder and CEO of the company, the move is necessary due to the growing list of offerings by Aave (now Avara). Kulechov believes that an umbrella brand such as Avara would help streamline the group’s growing list of infrastructure products. Those include liquidity protocol Aave, Lens Protocol, Sonar, and the GHO stablecoin. But more importantly, the…

USDT Stablecoin Issuer Tether Eyes Big Move in Bitcoin Mining Market

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Tether’s strong financial muscle and deep pockets will help it position strongly among other competitors in the Bitcoin mining space. In a major revelation, Tether chief executive Paolo Ardoino announced that the company is eyeing a move in the Bitcoin mining market. As per reports, the $87 billion stablecoin operator has already made hefty investments in the Bitcoin mining sector. Ardoino revealed in an interview that the company intends to invest approximately $500 million in the next six months. This investment will involve the construction of its mining facilities and acquiring…