ESMA Mandates “Unwavering Commitment” to Client Interests in AI Usage for Financial Firms

by Theresa Joy Lacatan | Jun 6, 2024 | Blog News, Crypto News

The European Securities and Markets Authority (ESMA) has issued a significant directive requiring banks and investment firms to maintain an “unwavering commitment” to the best interests of their clients when utilizing artificial intelligence (AI). Released...

U.S. Treasury Releases Risk Assessment for NFTs showcasing Security Concerns

by Александр Пирогов | May 30, 2024 | Blog News

The United States Treasury Department has published its financial risk assessment for nonfungible tokens (NFTs), providing regulators with crucial insights into potential risks and security concerns in the rapidly evolving NFT market. The Treasury identified several...

PayPal’s PYUSD Stablecoin Launches on Solana with Confidential Transfers Feature

by Александр Пирогов | May 30, 2024 | Blog News

PayPal has made a significant move in the cryptocurrency market by deploying its dollar-pegged stablecoin, PYUSD, on the Solana blockchain, introducing a new feature called “confidential transfers.” This enhancement aims to provide greater privacy for...

Boltz Launches Chain Swaps for Seamless LBTC-BTC Conversion, Enhancing El Salvador’s Bitcoin Ecosystem

by Александр Пирогов | May 30, 2024 | Blog News

El Salvador’s Bitcoin landscape is set to experience a significant advancement with the launch of Chain Swaps by Boltz, an innovative product allowing seamless exchanges between Liquid Bitcoin (LBTC) and Bitcoin (BTC). This development marks another milestone in...

BIS Embraces Generative AI for Cybersecurity in Central Banks

by Александр Пирогов | May 28, 2024 | Blog News

The Bank for International Settlements (BIS) sees significant potential for the widespread adoption of generative artificial intelligence (AI), an area of growing interest among central banks. In a recent survey of 32 central bank members, the BIS found that over...

Agora CEO Criticizes Yield-Bearing Stablecoins, Introduces AUSD as “Stablecoin 3.0”

by Александр Пирогов | May 28, 2024 | Blog News

Nick van Eck, CEO of the stablecoin issuer Agora, has criticized yield-bearing stablecoins, claiming they do not function as true stablecoins or money. Van Eck highlighted that stablecoins providing passive income to holders stray from their intended purpose, leading...