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FameEX Morning Crypto News Recap | November 17, 2023
2023-11-17 12:03:55
Meta Unveils New AI-Powered Tools for Creating Videos and Editing Images
Meta has announced two new AI-powered generative models on November 16: Emu Video, which generates video clips from text and image inputs, and Emu Edit, designed for precise image manipulation. These advancements in content editing and generation mark a significant step in AI technology within social media.
Texas Regulators React to Unsuccessful '$175 Million' Real Estate Token Fundraising Effort The Texas State Securities Board has charged a network of "GS" branded companies, led by Josip Heit and based in Germany, with fraud involving digital assets and a metaverse-based staking pool. The accusation highlights that GS Partners used a multilevel marketing strategy to promote these products, offering extravagant commissions, according to the regulators. Turkey Considers Implementing Licensing and Taxation Regulations in Upcoming Cryptocurrency Law Turkey is reportedly planning to regulate its cryptocurrency market, with a focus on licensing and taxation, to exit the Financial Action Task Force's (FATF) "grey list." As the fourth-largest crypto trading nation, Turkey aims to implement specific licensing standards to prevent system abuse, as highlighted by Bora Erdamar of the BlockchainIST Center. Microsoft's Maia AI Chip Completes the 'Last Puzzle Piece' for Infrastructure Systems On November 15, Microsoft unveiled the Microsoft Azure Maia AI Accelerator, an AI chip tailored for AI tasks and generative AI, alongside the Azure Cobalt CPU for cloud workloads. These innovations, considered the "last puzzle piece" for Microsoft's infrastructure systems, mark a significant advancement in enhancing the company's technological capabilities, particularly in AI and cloud computing. Philippines Set to Issue $179 Million in Tokenized Treasury Bonds for the First Time The Philippines Bureau of the Treasury revealed plans to issue 10 billion pesos ($179 million) in one-year tokenized treasury bonds, a first for the country. This move comes after the cancellation of the traditional auction set for November 20. These tokenized bonds will be available to institutional buyers in minimum denominations of 10 million pesos and increments of 1 million pesos. Paxos Receives Preliminary Approval to Launch USD Stablecoin in Singapore On November 15, Paxos announced that its new subsidiary, Paxos Digital Singapore Pte. Ltd., has received preliminary approval from the Monetary Authority of Singapore (MAS). This approval enables the company to provide digital payment token services, including the issuance of a USD stablecoin, in compliance with MAS' proposed 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.
