FameEX Morning Crypto News Recap | April 5, 2024

Europe's Pending DeFi Regulations May Prohibit Non-Decentralized Protocols

The European Commission is scrutinizing the DeFi industry, hinting at future requirements for DeFi protocols in Europe to secure a MiCA license. This move signals impending regulatory measures for decentralized finance protocols, as the Commission explores the sector's regulatory landscape.

Nvidia Targets Indonesia for a $200M AI Center as Global Race for AI Intensifies

Nvidia, in collaboration with the Indonesian government and Indosat Ooredoo Hutchison, plans to establish a $200 million AI center in Surakarta, Central Java. Announced on April 5 by Budi Arie Setiadi, Indonesia's communication minister, this initiative positions Nvidia at the forefront of the global AI race, leveraging its semiconductor expertise for artificial intelligence development in Indonesia.

Cryptocurrency Bull Market Sparks Rise in Job Postings and Salary Hikes

The crypto job market is flourishing, with a vast array of opportunities as firms recruit new talent amidst a bull run. Raman Shalupau, founder of CryptoJobsList, highlights a monthly increase of 20–30% in the number of active companies, signaling strong growth and an urgent demand for professionals within the cryptocurrency industry.

Google Files Lawsuit Against Suspected Chinese Cryptocurrency App Fraudsters

Alphabet, Google's parent company, has initiated a lawsuit against two individuals in China for exploiting Google's platforms, including Google Play and YouTube, to distribute and promote scam cryptocurrency apps. These fraudulent applications achieved over 100,000 downloads, with Alphabet alleging misuse of its services for the dissemination of deceptive crypto applications.

Morgan Stanley Aims to Surpass UBS as the First Bank to Launch a Bitcoin ETF

The debut of spot Bitcoin ETFs in the U.S. has sparked a race among investment banks, with Morgan Stanley and UBS vying to be the first to offer these new products. Crypto expert Andrew AP Abacus notes that both banks are expected to introduce Bitcoin ETFs to their platforms in the coming week.

Hong Kong's Deputy Chief Executive Explores Various Uses of Stablecoins

In an interview, Hong Kong's Deputy Chief Executive Sin highlighted the versatile applications of stablecoins in both wholesale and retail markets, tokenization, exchange settlement, and addressing overseas remittance issues. He expressed an interest in harnessing these uses practically. Moreover, Hong Kong aims to establish a digital asset hub to rejuvenate its status as a premier financial center.

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