Thursday, November 21, 2024
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Blast’s marketing approach “cheapens the work of a serious team” — Paradigm

Crypto venture capital firm Paradigm criticized Blast’s protocol marketing strategy, claiming the startup “crossed lines in both messaging and execution." The VC firm is a seed investor in Blast.The head of research at Paradigm, Dan Robinson, shared a statement on X (formerly Twitter) expressing disagreement about Blast’s decision to launch

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Meta’s Stealth Approach to AI Points to Higher Revenue in Fiscal Year 2024

Meta intends to commercialize the Llama 2, its large language model (LLM), as it focuses on the metaverse as the bigger picture amid mainstream adoption of generative AI technologies. Meta Platforms Inc (NASDAQ: META) has undeniably enjoyed a profitable YTD with a strong interaction recorded in its family of applications. According

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Hong Kong’s regulatory approach criticized as “licensed to be killed”

The Vice-President of HKUST criticizes Hong Kong’s current virtual asset licensing system as “Licensed to Be Killed,” advocating for a new public blockchain for real-world assets. Wang Yang, the Vice-President of The Hong Kong University of Science and Technology, recently criticized Hong Kong’s current approach to regulating virtual assets. Yang argued

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US lawmakers propose SEC chair consider legislation, not enforcement approach to crypto

Two members of the United States House of Representatives have added their names to a list of lawmakers criticizing Securities and Exchange Commission (SEC) chair Gary Gensler’s approach to digital asset regulation. In a letter to Gensler dated July 19, Representatives French Hill and Dusty Johnson suggested legislation was a more

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SEC Should be Investigated Over its Approach to Crypto: Congressman Ritchie Torres

Rep. Torres (D-N.Y.) requested investigations into the SEC granting a special purpose broker-dealer (SPBD) licence to Prometheum, "a trading digital assets platform that does not trade digital assets," under unusual circumstances, and for its failure to create a rigorous but workable process for registering real-world digital assets platforms. Original Source

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Crypto ‘regulatory approach isn’t needed now’ — New Zealand central bank

The New Zealand central bank is ramping up its monitoring of stablecoins and crypto-assets following public submissions, but has stopped short of calling for a “regulatory approach.”In a June 30 statement, Ian Woolford, the Reserve Bank of New Zealand’s (RBNZ) director of money and cash said that the RBNZ agrees

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