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FameEX Morning Crypto News Recap | September 19, 2023
2023-09-19 12:01:55
Softbank Shifts Focus from Crypto Investments to Billion-Dollar AI Investment Plan
Softbank, a major global investment conglomerate, is shifting its focus from cryptocurrency investments to exploring substantial investments in artificial intelligence (AI), potentially committing tens of billions of dollars. Among the potential opportunities is Microsoft-backed OpenAI, according to the Financial Times.
Hong Kong's Consistent Crypto Regulations Offer Assurance to Vitalik Buterin
A Hong Kong Legislative Council member has reassured Ethereum co-founder Vitalik Buterin that the city's cryptocurrency policies are stable. Responding to Buterin's comments about the complexities of Hong Kong's relationship with Mainland China, an invitation was extended for him to visit Hong Kong and gain a better understanding of its crypto regulations.
Rep. Tom Emmer Predicts Digital Assets as a Significant Issue in the 2024 Elections In the 2024 U.S. presidential race, three candidates each from the Democratic and Republican parties have adopted anti-central bank digital currency (CBDC) stances. Tom Emmer, a crypto advocate and House Majority Whip, asserts that digital assets have quietly become a significant political concern at both state and federal levels. Citi Token Services to Deliver Payment and Liquidity Solutions to Institutional Clients Citigroup has launched Citi Token Services, a private blockchain, catering to institutional clients with cross-border payments, liquidity, and automated trade finance solutions. The platform will incorporate tokenized deposits and smart contracts into Citigroup's global network, enhancing efficiency and functionality. Kazakhstan Creates Regulatory Authority for CBDC Implementation Kazakhstan has announced the establishment of the National Payment Corporation (NPC) on September 15, replacing the Kazakhstan Center for Interbank Settlements. The NPC will assume responsibility for managing the national payment system, encompassing interbank clearing services, money transfers, and digital identification. August Sees a 15% Decrease in DeFi Economic Activity In August, the decentralized finance (DeFi) sector faced challenges with a significant drop in on-chain economic activity. Investment management firm VanEck's analysis revealed that exchange volume plummeted to $52.8 billion, marking a substantial 15.5% decline compared to the previous month, highlighting potential concerns within the DeFi ecosystem during that period. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
