FameEX Morning Crypto News Recap | April 5, 2024

New DeFi Regulatory Proposals in Europe Might Exclude Non-Decentralized Protocols

The European Commission's review of the DeFi sector suggests that European DeFi protocols may soon need to obtain a MiCA license, indicating oncoming regulations for decentralized finance. This examination by the Commission points to a tightening of the regulatory environment for the DeFi industry.

Nvidia Plans $200M AI Research Center in Indonesia Amid Worldwide AI Expansion Efforts

On April 5, Indonesia's Communication Minister Budi Arie Setiadi announced a partnership between Nvidia, the Indonesian government, and Indosat Ooredoo Hutchison to build a $200 million AI center in Surakarta, Central Java. This venture propels Nvidia into a leading role in the international AI domain, capitalizing on its semiconductor prowess for AI advancement in Indonesia.

Bull Market in Cryptocurrency Leads to Increased Job Listings and Salary Growth

In the midst of a cryptocurrency bull run, the job market is booming, marked by a surge in hiring. Raman Shalupau of CryptoJobsList notes a 20–30% monthly uptick in active hiring companies, indicating robust industry growth and a high demand for skilled crypto professionals.

Google Takes Legal Action Against Alleged Cryptocurrency App Scammers from China

Alphabet has launched a lawsuit against two people in China for using its platforms, like Google Play and YouTube, to circulate and market fraudulent cryptocurrency apps. The scam apps garnered over 100,000 downloads, leading Alphabet to accuse them of misappropriating its services to spread deceptive cryptocurrency applications.

Morgan Stanley Strives to Outdo UBS in Launching the First Bitcoin ETF

The introduction of spot Bitcoin ETFs in the U.S. has triggered a competition between major investment banks. Morgan Stanley and UBS are both aiming to be the pioneers in offering these products. According to crypto analyst Andrew AP Abacus, both institutions plan to launch Bitcoin ETFs on their platforms within the next week.

Deputy Chief Executive of Hong Kong Investigates Multiple Applications of Stablecoins

Hong Kong's Deputy Chief Executive Sin emphasized the broad utility of stablecoins for various sectors, including wholesale, retail, tokenization, and international settlements, in a recent interview. He voiced a commitment to practical implementation of these technologies. Additionally, Hong Kong is focused on creating a digital asset center to bolster its reputation as a leading financial hub.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​