Artificial Intelligence and Cryptocurrency: The Rise of AI-Focused Projects in 2023
According to the trends, Artificial Intelligence will be one of the main topics in 2023 as it indicates the increase in data interest. Because interest was at its peak and Microsoft had invested billions in Chatting Gap. Apart from this, the demand for artificial intelligence cryptocurrency projects has increased significantly. For example, crypto project Fetch.ai has seen its native token FET gain 212% over the past 30 days, and another artificial intelligence project, Singularity Net, has seen its token AGIX gain 293% against the US dollar.
Kazakhstan’s Parliament Adopts Law Regulating Crypto Mining and Exchange
Lawmakers in the capital Nursultan have finalized and approved the law “On Digital Property in the Republic of Kazakhstan”. The new law, along with several other legislations, regulates the operation of cryptocurrencies in the country and introduces a licensing regime for crypto miners and exchanges
Bitcoin Difficulty Rises 4.68%, Hits New All-time High; metric set to cross 40 trillion
Another difficulty was recorded by the bitcoin blockchain on Sunday 29 January 2023 at block height 774,144 and the event level increased by 4.68% from 37.59 trillion to its all-time high of 39.35 trillion.
US Senator Focuses on Crypto Money Laundering Crackdown – Urges Congress, Regulators to Act
US Senator Elizabeth Warren has asked Congress to ensure that regulators such as the Securities and Exchange Commission have adequate solutions in place to effectively regulate cryptocurrencies and crack down on activities such as crypto money laundering. Legislators insist that the current legal framework essentially gives or holds a vast hint of cryptocurrencies and also talks of money-laundering. There is no talk of inventing any new form of anti-money laundering rules. Rather, it’s about applying the exact same rules that are applied to every other financial industry, and there are already a lot of regulators to deal with it. We need a regulator using those tools and Congress to do it. There is a need to ensure that regulators have the resources they need to be effective cops on the beat.
Nearly $13 Billion in Sales: 5 NFT Collections Split by Sales Volume
Non-fungible token (NFT) assets have existed since 2014, but according to Google trends data, interest began to grow in January 2021, and after about 1 year, the search term “NFT” Google trends reached its highest level . During that same time period the top five NFT collections, the best-selling, have collectively generated $12.7 billion in sales volume.
Crypto Bank Custodia Denied Membership in the US Federal Reserve System
The US Federal Reserve Bank has rejected its attempt to become a member of the Reserve System of Custodia Bank and the application submitted by the digital assets bank does not meet the legal requirement, according to the decision on Friday. The novel trading board of the form and the key protections and risks proposed on crypto are presented. Custodia offered a safe, federally-regulated, solvent alternative to speculators and grifters of crypto entering the US banking system, with disastrous consequences for some banks.
Institutional Investors Predict ‘Strong Year’ for Bitcoin – 65% Expect BTC to Hit $100K, Survey Shows
According to the latest survey, institutional investors definitely expect a good year for bitcoin and are bullish or confident about the long-term value of the cryptocurrency. In addition, 65 percent of the investors surveyed agree that bitcoin will reach or is likely to reach $100,000.
Crypto Association in Turkey Vows to Block Exchanges ‘Hunting Traders’
The head of the Crypto Industry Development, Monitoring and Reporting Association and local media, Imrah Inanak, states that a new organisation has been created or established in Turkey with the aim of monitoring and developing the country’s crypto currency sector and its The first task will be to resolve problems with some cryptocurrency exchanges and to increase confidence in the industry in all respects. Certainly the media in charge points out that we are faced with allegations that some exchanges have illegally frozen customer accounts for activities such as terrorism and money laundering.
Elon Musk confirms TV offer to eat Happy Meal if McDonald’s accepts Dogecoin
Elon Musk, one of the world’s richest billionaires who served as the CEO and head of Tesla and Twitter, has said that if fast food chain McDonald’s accepts the cryptocurrency Dogecoin, he will definitely eat McDonald’s Happy Meal on TV. Kasturi, known as a dog father in the meme crypto community, has certainly been a supporter of Dogecoin for a long time and originally proposed it 1 year ago. When at that time Macdonald presented a reply. Elon Musk also reveals that he personally owns Bitcoin, Ether and Dogecoin and will continue to buy them.
Robert Kiyosaki says ‘we are in a global recession’ – warns of rising bankruptcies, unemployment, homelessness
We are definitely in a global recession, according to Robert Kiyosaki, author of the famous book Rich Dad Poor Dad, and while warning of rising bankruptcies and unemployment and homelessness, he says there is an opportunity for investors looking for “bargains”. There is good news and we can say that even though there is a global recession, hang on. The world is about to have a rough landing and of course there is a growing fear of bankruptcy, unemployment and homelessness and being fired from companies around the world.
White House publishes ‘roadmap’ to reduce cryptocurrency risks
The “Roadmap for Mitigating the Risks of Cryptocurrencies” has been published by the White House and the road to “regulating the crypto currency sector is now on the way for authorities to step up enforcement where appropriate and use their speech to intensify the efforts”. It also noted that the law must not give mainstream institutions the green signal to enter cryptocurrency markets, and the advisors elaborated that at the direction of the President, we conducted a survey last year to identify cryptocurrency risks. Using executive branch officials to reduce them has worked, and the events of the past year show it needs to do more. Efforts have been doubled by agencies to fight frauds… and enforcement agencies are developing their resources to deal with illegal activities involving digital assets.
New York State Considers Bill to Establish Cryptocurrency as a Form of Payment for Agencies
A bill has been introduced in the US state of New York to allow state agencies to accept payments in bitcoin, ether, litecoin and other currencies. The law would allow cryptocurrency to be used as a means of payment for “fines, civil penalties, rents, rates, taxes, fees, charges,” and more. This law establishes that state agencies are allowed to accept bitcoin and other currencies as payment.
Sao Paulo introduces blockchain into data access law
The concept of blockchain has been introduced by the Brazilian city of São Paulo in the Municipal Data Access and Transparency Law and the concept is defined as a technology that is used in this area but the city has laid out structures for its use in the future or on the implementation Also, lawyer Marcelo Castro told O’Globo that while institutions are recognizing blockchain as a beneficial trend in the economy, no specific decree has yet been passed saying that a how it will be conducted within the schedule and it brings a great risk of straying into a dead letter of the law.
US Federal Reserve Board issues policy statement that limits crypto related activities of banks
The United States Federal Bank Reserve Board stated on January 27 that both insured and uninsured banks would be subject to limits on certain activities that would include cryptocurrencies and those associated with them. The Board’s latest action does not bar a state member bank or potential applicant from providing crypto currency asset safekeeping services.
