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FameEX Morning Crypto News Recap | September 19, 2023
2023-09-19 12:01:55
Softbank's Strategic Pivot: From Crypto Investments to a Billion-Dollar AI Investment Strategy
Softbank, a global investment giant, is redirecting its attention from cryptocurrencies to significant investments in artificial intelligence (AI), with plans to potentially invest tens of billions of dollars. Among the prospects is OpenAI, backed by Microsoft, as reported by the Financial Times.
Hong Kong's Steady Cryptocurrency Regulations Provide Reassurance to Vitalik Buterin
A Hong Kong Legislative Council member provided reassurance to Ethereum co-founder Vitalik Buterin, emphasizing the stability of the city's cryptocurrency policies. Following Buterin's remarks on Hong Kong's intricate ties with Mainland China, an invitation was extended for him to visit and gain a deeper insight into the region's crypto regulations.
Rep. Tom Emmer Foresees Digital Assets Emerging as a Key Election Topic in 2024 Three candidates from both the Democratic and Republican parties in the 2024 U.S. presidential race have taken positions against central bank digital currencies (CBDCs). Tom Emmer, a cryptocurrency supporter and House Majority Whip, highlights the growing importance of digital assets in U.S. politics at both state and federal levels. Citi Token Services: Enhancing Payment and Liquidity Solutions for Institutional Clients Citigroup's latest offering, Citi Token Services, is a private blockchain designed for institutional clients. It provides solutions for cross-border payments, liquidity management, and automated trade finance. The platform's integration of tokenized deposits and smart contracts into Citigroup's global network aims to boost operational efficiency and capabilities. Kazakhstan Forms Regulatory Body for CBDC Rollout On September 15, Kazakhstan unveiled the National Payment Corporation (NPC), supplanting the Kazakhstan Center for Interbank Settlements. The NPC will take charge of overseeing the country's payment system, including interbank clearing services, money transfers, and digital identification. DeFi Economic Activity Declines by 15% in August The DeFi sector encountered hurdles in August as on-chain economic activity sharply declined. VanEck, an investment management firm, reported a substantial 15.5% drop in exchange volume to $52.8 billion compared to the previous month. This decline raised potential concerns about the health of the DeFi ecosystem during that period, signaling challenges and instability in the space. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
