Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading – Regulation Bitcoin News

Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the crypto market and improvements to the structure of exchange platforms. Kazakhstan’s Financial Hub Seeks to Amend Its Concept for Trading Digital Assets The Astana Financial Services Authority, the body that oversees the Astana International Financial Center (AIFC), has published a consultation paper detailing proposals aimed at upgrading Kazakhstan’s regulated ecosystem for cryptocurrency operations. The document suggests measures to reduce market risks in…

Xpeng Launches Flagship EV Models in Europe amid Overseas Push

Tesla’s Chinese rival Xpeng announced the launch of its P7 sedan and G9 SUV in Europe following bleak China sales last year. Chinese electric vehicle (EV) startup Xpeng has launched two flagship vehicles in Europe. This launch is part of a broader international push by the Guangdong-based company as it looks to increase its brand’s global visibility. On Friday, Xpeng launched its P7 sedan and its G9 sports utility vehicle (SUV) in Norway, Denmark, Sweden, and the Netherlands. The Chinese EV maker priced its P7 sedan below the EVs of US…

Finnish Firm Membrane Finance Launches EU-regulated EUROe Stablecoin

EUROe allows easy-to-monitor and instant payments across the globe at non-zero cost. Finnish fintech organization Membrane Finance has inaugurated EUROe, Europe’s first and exclusive EU-regulated full-reserve stablecoin and payment network. EUROe converts a fiat Euro into a one-to-one pegged digital currency transactable on Ethereum, with prepared backing for an increasing number of blockchains. One EUROe stablecoin will always be one Euro. For every EUROe rolled out, at least one fiat Euro is present in a European Financial Establishment or bank, ring-fenced from Membrane Finance. The international Payments industry helps approximately…

FIO Protocol Launches NFT Domains Wrapped on Polygon – Press release Bitcoin News

press release PRESS RELEASE. FIO Protocol, the leading decentralized solution for global blockchain usability, has announced the launch of FIO Domain wrapping on the Polygon blockchain. Wrapping is the process of taking a token from one blockchain and making it available for use on another. This launch moves FIO Protocol into the $31.4 billion NFT market by enabling users to buy, sell, and trade their FIO Domains as ERC-721 NFTs on all Polygon-enabled marketplaces. Founded in 2019, FIO Protocol offers NFT domain names that grant users full custody of their…

OpenAI Launches Pilot Subscription Plan ChatGPT Plus Starting at $20 Per Month

OpenAI has, however, indicated that free users should continue to enjoy ChatGPT services and feel welcome to the subscription option. OpenAI, an artificial intelligence research and deployment company, has announced the launch of a pilot subscription plan for ChatGPT Plus, a conversational AI that can ostensibly do human-like activities including writing an essay, emails, and much more. According to the announcement, the new subscription plan, ChatGPT Plus, will be available for $20 per month in order to offer detailed and fast services. Reportedly, ChatGPT Plus users will benefit from general…

Samsung Launches Its Galaxy S23 Lineup, Will It Compete with iPhone?

While the new S23 models pitch a completion to the latest iPhone 14 series, the broader smartphone industry is witnessing major slowdown amid current macro environment. On Wednesday, February 1, tech giant Samsung launched the lineup for its flagship Galaxy smartphones. The Galaxy S23 smartphone lineup comes with three new models: the standard S23, the mid-variant S23+, and the most premium S23 Ultra. Samsung Galaxy S23 The Galaxy S23 starts at a price of $799, the Galaxy S23+ comes at a price of $1,000, while the S23 Ultra comes at…

Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation – Regulation Bitcoin News

The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like traditional finance. British Government Sets Out to Regulate Crypto Market, Remains Committed to Innovation The executive power in London has announced plans to regulate a wide range of crypto-related activities through new rules for the young industry that will be consistent with Britain’s regulations for the traditional…

MakerDAO launches $5M legal defense fund

According to a new social post on Feb. 1, Maker decentralized autonomous organization, or MakerDAO, has approved the creation of a new fund dedicated to expenses related to legal defense.  MakerDAO is the issuer of the DAI United States dollar stablecoin. As told by developers, Maker will allocate 5 million DAI to “reimburse legal defense expenses in case of legal or regulatory action against specific participants of MakerDAO.” The post further explained: “Initially, the coverage will be provided to Recognized Delegates, Core Unit Facilitators, Core Unit permanent contributors, and active…

Binance Launches New Community Feedback Initiative to Forge Product Roadmap 

Dominant crypto exchange Binance looks to draw on community feedback to shape products and services better in the future.  Binance has launched a new community feedback feature that would help shape new policies and products the exchange plans to offer. Aptly dubbed the “Feature Request & Feedback Board,” the new feedback platform serves to cull out opinions and suggestions from Binance’s user community. With the service, the leading crypto exchange implores its user base to participate in its product roadmap development. According to Binance, its Feature Request & Feedback Board makes it…

EIB Launches First Digital Sterling Bond Product on Blockchain

The European Investment Bank occupies a very pivotal position in driving the financial landscape of the industry in the European Economic Area. The European Investment Bank (EIB) has launched the first Digital Sterling Bond on the blockchain as it deepens its use of the technology for more mainstream financial securities and products. As reported by Reuters, the EIB deployed a private blockchain to host the digital Sterling bonds, and it plans to float another copy on a public blockchain in a bid to foster transparency. The launch of the digital…