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FameEX Morning Crypto News Recap | November 17, 2023
2023-11-17 12:01:45
Meta Launches Advanced AI Models for Video Production and Image Modification
Meta has launched two AI generative models, as revealed in a November 17 blog post. The first, Emu Video, builds on their existing Emu model to create video clips from text and image inputs. The second, Emu Edit, specializes in precise image editing, showcasing Meta's advancements in AI-driven content editing and generation for social media.
Texas Regulatory Authorities Respond to Failed $175 Million Real Estate Token Fundraising Attempt The Texas State Securities Board has accused Josip Heit's Germany-based "GS" company network of fraudulent activities with digital assets and a metaverse staking pool. Regulators point out that GS Partners aggressively marketed these offerings through a multilevel marketing approach, providing hefty commissions. Turkey Contemplates Introducing Licensing and Tax Measures in Forthcoming Cryptocurrency Legislation Turkey is set to introduce regulations in its cryptocurrency sector, targeting licensing and taxation to be removed from the FATF's "grey list." Being the world's fourth largest in crypto trading, the country is focusing on stringent licensing protocols to deter misuse, as underscored by Bora Erdamar from the BlockchainIST Center. Microsoft's Maia AI Chip: The Final Component in Enhancing Infrastructure Systems Microsoft announced the release of the Azure Maia AI Accelerator and Azure Cobalt CPU on November 15. Designed for AI and generative tasks and cloud computing workloads respectively, these chips represent critical advancements in Microsoft's infrastructure, completing what the company describes as the "last puzzle piece" in its technological evolution, especially in AI and cloud domains. Philippines Plans First-Ever Sale of $179 Million in Tokenized Treasury Bonds The Philippines Bureau of the Treasury is set to offer 10 billion pesos ($179 million) in one-year tokenized treasury bonds, marking a national first. This decision follows the scrapping of the conventional auction scheduled for November 20. The bonds will be sold to institutional investors, starting at a minimum of 10 million pesos, with additional purchases in 1 million peso increments. Paxos Gains Initial Approval for Issuing USD Stablecoin in Singapore Paxos revealed that its subsidiary, Paxos Digital Singapore Pte. Ltd., has obtained initial approval from Singapore's Monetary Authority (MAS) on November 15. This authorization permits the firm to offer digital payment token services and issue a USD stablecoin, aligning with the MAS’s upcoming stablecoin regulations. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
