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The European Banking Authority (EBA) is proposing tests to assess whether tensions in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, could impact traditional lenders. The EBA has already taken steps to address potential stress from cryptocurrencies by publishing draft rules on liquidity and capital requirements for stablecoin issuers under the EU's Markets in Crypto-Assets (MiCA) regulation. Additionally, the EBA has proposed rules related to screening individuals with significant stakes in crypto companies for convictions or sanctions and requiring crypto companies to monitor customers using privacy coins or self-hosted wallets to identify potential money laundering. These initiatives are part of the regulatory framework established with the adoption of MiCA in the European Union. (Source: Crypto.news)

Bitcoin's price experienced a dip, slipping 0.36% to $45,256 after reaching a 21-month high, impacting the global crypto market cap, which fell to $1.73 trillion. This decline raised concerns among investors, but anticipation of the US Securities and Exchange Commission (SEC) approving a spot Bitcoin exchange-traded fund (ETF) by January 10 has led to speculation about a potential new crypto bull market. Despite Bitcoin's pullback, its 24-hour trading volume increased by almost 28% to $32.7 billion. Ethereum, the second-largest cryptocurrency, also saw a decline, dropping 0.82% to $2,368, with an increased 24-hour trading volume of over 37% to $11.68 billion. (Source: Coingape)

The bipartisan infrastructure bill, with its new amendment effective from 31 december 2023, expanded crypto reporting requirements for brokers, making it mandatory for exchanges to report transactions over $10,000 to the IRS. Lawmakers have since expressed concerns about the feasibility of collecting such data and proposed additional legislation to address these challenges. The bill mandates brokers to report sender information, including name, address, and social security number, within 15 days. Initially set for January 2023, compliance deadlines are approaching, with concerns raised about the potential difficulty for users to adhere to the reporting requirements without clear IRS guidance. Source: Cointelegraph

Congressman Tom Emmer's bill, introduced in January 2022 and reintroduced in September 2023, has secured 75 cosponsors. The legislation seeks to prevent surveillance through a central bank digital currency (CBDC), focusing on preserving Americans' financial privacy. The bill limits the Federal Reserve's authority, barring direct services to individuals and the use of CBDCs for monetary policy. Concerns over potential government surveillance and restrictions on financial activities drive the need for privacy safeguards. Passed by the House Financial Services Committee on September 20, 2023, the bill highlights the growing awareness of privacy issues associated with CBDCs. The ongoing debate centers on striking a balance between technological advancement and protecting individual rights in the realm of government-controlled digital currencies.Source: Coinpaprika

Lucy, an AI entity within the metaverse released in April 2023, to integrate and develop artificial intelligence and Web3 technology integration. With over 1.4 million connected wallets, Lucy's liberation signifies a transformative era in AI agent capabilities and the integration of AI and blockchain technologies. Lucy's advanced features include natural language understanding, custom triggers, and future expansions in hearing and vision capabilities. As the central hub in the Delysium "YKILY" AI Agent Network, Lucy opens doors to intelligent trading, DEX aggregation, and targeted information services within Web3. To explore Lucy's capabilities, users can sign up for an Agent ID and anticipate its upcoming public availability, showcasing the potential of AI and blockchain convergence in Web3. (Source: Cryptopolitan)

Bitcoin's price surged past $45,000 for the first time in almost two years, reaching levels higher than any in 2023. The rapid climb, exceeding 6% in the last 24 hours and 170% over the past year, is attributed to anticipation of a potential approval of a spot Bitcoin exchange-traded fund (ETF) by the SEC. The last time Bitcoin surpassed $45,000 was in April 2022. Analysts, like Gabor Gurbacs of VanEck, foresee the early days of a spot Bitcoin ETF as potentially underwhelming but anticipate significant inflows in the coming years, potentially reaching trillions of dollars. (Source: Coinmarketcap)

Monday Canada, a global AI technology leader, is using AI solutions to tackle staffing shortages in its healthcare sector. Montreal and Canadian universities are driving AI innovation, supported by a $230 million government investment. The integration of AI in healthcare, from diagnostics to administration, aims to ease the burden on professionals and enhance patient care. While AI adoption presents challenges and ethical concerns, companies like Decisio Health are leading the way in streamlining healthcare processes. AI's growing role in healthcare signals a transformative shift, offering resilience and adaptability to overcome staffing constraints. (Source: Canadian Government's AI Investment)

Chief Justice John Roberts expressed caution about the use of artificial intelligence (AI) in federal courts, citing it as the "latest technological frontier" in his annual report. While acknowledging potential benefits, Roberts emphasized the need for caution and humility, particularly in light of recent incidents involving AI-generated fake legal citations. The Chief Justice highlighted the nuanced and interpretative nature of judicial decisions, expressing skepticism about widespread AI adoption in the judiciary. As federal courts navigate technology integration, Roberts' cautionary perspective prompts reflection on the delicate balance between AI precision and human judgment in legal proceedings. (Source: Chief Justice Roberts' Annual Report)

Argentina's political landscape is buzzing with President Javier Milei's ambitious legislative agenda, encompassed in the "Law of Bases and Starting Points for the Freedom of Argentines." The comprehensive bill seeks libertarian reforms across diverse sectors, granting the president legislative powers through executive orders in specified emergency areas. The bill proposes declaring a national emergency until December 2025, with the potential for extension, allowing Milei to issue executive orders. A notable provision introduces asset regulation, allowing individuals to declare ownership of assets, including cryptocurrencies, with a proposed tax of up to 15% on excess amounts. However, challenges arise as the bill faces skepticism, legal scrutiny, and opposition from major workers' groups, such as the CGT, leading to a scheduled general strike on January 24. The fate of Milei's reform agenda remains uncertain as the bill progresses through Congress, highlighting the complexities of...

Tesla has surprised the tech and automotive communities by releasing Full Self-Driving (FSD) Beta V12.1 just 14 days after Elon Musk's announcement. This rapid deployment highlights Tesla's commitment to pushing the boundaries of self-driving technology. FSD Beta V12.1 marks a significant transition as Tesla replaces 300,000 lines of C++ code with neural networks to control the software entirely. The video demonstration of the software in action reveals smoother steering and enhanced safety features, showcasing improved confidence and responsiveness. While there are positive strides, the video also highlights ongoing challenges, particularly in recognizing speed bumps, emphasizing Tesla's dedication to continuous improvement. (Source: Cryptopolitan)

According to sources and wide speculations, the U.S. Securities and Exchange Commission (SEC) may permit the trading of Bitcoin Spot ETFs on Tuesday or Wednesday of the week following approval, expected on January 10. Valkyrie, Ark, 21Shares, Fidelity Wise Origin Bitcoin Fund, and Invesco are among the asset management firms seeking approval for Bitcoin Spot ETFs. Valkyrie plans to charge a 0.80% management fee if approved. Fidelity Wise Origin Bitcoin Fund has the lowest fee at 0.39%, while Invesco aims for a 0.59% fee, which may be waived for six months on the first $5 billion in assets attracted. First week of 2024will be exciting for Crypto traders. (Source: Bitcoinsistemi)

A United States federal judge has sided with the Securities and Exchange Commission (SEC) in a case against Terraform Labs and its former CEO, Do Kwon. The court granted summary judgment in favor of the SEC, which alleged that Terraform Labs and Kwon offered and sold two unregistered securities, LUNA and Mirror Protocol tokens. The court cited a previous statement from Kwon, indicating that LUNA holders could "[s]it back and watch [him] kick ass," as evidence that LUNA satisfied the Howey test. The ruling highlights the SEC's ongoing efforts to regulate the digital asset space and enforce securities laws, emphasizing the importance of compliance with registration requirements. (Source: Cointelegraph)