Hong Kong's ZA Bank, the first and largest virtual bank in the country, is planning to provide its services to cryptocurrency exchanges licensed in Hong Kong. The bank's CEO, Ronald Iu, explained that ZA Bank intends to facilitate the transfers of digital and fiat currencies for participants in the

US Congress to Introduce Draft Bill for a New Stablecoinhttps://www.fameex.com/en-AU/news/crypto-trending-news-2023041701Recently, a new draft bill has been introduced in the United States to regulate stablecoins, and non-registration as a stablecoin issuer may lead to imprisonment for up to five ye

Reports suggest that Elon Musk is launching a new AI startup after assembling a team of AI researchers and engineers. However, despite his interest in AI, Musk has warned of the destructive potential of the technology if it is not developed with caution and care. Musk has repeatedly voiced his conce

Stablecoins have emerged as a new class of digital assets that provide price stability and aim to mitigate the high volatility seen in other cryptocurrencies. These digital assets achieve stability by being backed by specific assets such as U.S. dollars or using algorithms to adjust their supply bas

Court Summons Issued to Tron's Justin Sun, Default Judgment Looms Without Responsehttps://www.fameex.com/en-AU/news/crypto-trending-news-2023041403Tron founder Justin Sun has been issued a summons by the US District Court for the Southern District of New York to his Singapore address. The summons is

The founder of Tron, Justin Sun, has been given 21 days to respond to a summons by the US District Court for the Southern District of New York or face penalties related to alleged securities law violations. Sun's Twitter bio suggests he is based in Switzerland, while his recent social media activity

An Ethereum Foundation researcher claimed to have internally learned that staking Ether makes a user's IP address public.Source: www.coindesk.comThe cryptocurrency community raised privacy concerns about Ethereum when a researcher at the Ethereum Foundation (EF) discovered that the IP addresses of E

Calls for Transparency Needed to Lift ChatGPT Ban in Italy, Says Data Watchdoghttps://www.fameex.com/en-AU/news/crypto-trending-news-2023041401OpenAI's ChatGPT chatbot service in Italy is facing stringent guidelines set by the country's regulatory agency. These guidelines mandate increased transpare

Universal Music Group (UMG), one of the biggest music industry players, has raised concerns about AI-generated music that uses copyrighted songs. The company has instructed music streaming services like Spotify and Apple Music to prevent AI services from copying melodies and lyrics from copyrighted

OpenAI's ChatGPT chatbot service has been ordered by Italy’s data protection agency, Garante, to halt the processing of data belonging to individuals residing in Italy. The order was issued in March 2023 after Garante suspected that ChatGPT had violated the European Union’s General Data Protection R