China

NFTs are not dead: Wealthy crypto collectors are still driving the market, says Animoca Brands' Yat Siu

Yat Siu, co-founder of Animoca Brands, asserts that the NFT market is still thriving, driven by affluent crypto collectors despite recent downturns. He emphasizes that these collectors continue to invest in high-value digital assets, indicating a sustained interest in NFTs. Siu highlights that the market is evolving, with a focus on utility and community engagement rather than mere speculation. He believes that the future of NFTs lies in their integration with gaming and other digital experiences, suggesting a shift towards more meaningful use cases. Overall, the sentiment is that NFTs are far from dead, with significant potential for growth.

Read the full article: CoinDesk

SEC Moves to Settle Justin Sun Case With $10M Penalty for BitTorrent Owner

The U.S. Securities and Exchange Commission (SEC) is proposing a settlement with Justin Sun, the founder of TRON and owner of BitTorrent, involving a $10 million penalty. This settlement addresses allegations that Sun engaged in unregistered securities offerings and manipulated the market for his cryptocurrency assets. The SEC'

U.S. banking agencies say capital should be same for standard or tokenized securities

U.S. banking agencies have announced that capital requirements for standard securities should be the same as those for tokenized securities. This decision aims to create a level playing field between traditional financial instruments and their digital counterparts. The agencies emphasized the importance of maintaining consistent regulatory standards to ensure

Roblox Is Now Using AI to Rewrite Chat Swears in Real Time

Roblox has implemented an AI system to automatically rewrite inappropriate language in real-time chat during gameplay. This feature aims to create a safer and more welcoming environment for its users, particularly for younger audiences. The AI technology identifies and modifies swear words and offensive phrases, replacing them with more suitable

Nvidia Is Probably Done Investing in OpenAI and Anthropic, Says CEO—Why?

Nvidia CEO Jensen Huang indicated that the company is likely finished investing in AI startups like OpenAI and Anthropic. He explained that Nvidia's focus is shifting towards developing its own AI technologies rather than making further investments in external firms. Huang emphasized the importance of building proprietary AI

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SEC Moves to Settle Justin Sun Case With $10M Penalty for BitTorrent Owner

U.S. banking agencies say capital should be same for standard or tokenized securities

Roblox Is Now Using AI to Rewrite Chat Swears in Real Time

Nvidia Is Probably Done Investing in OpenAI and Anthropic, Says CEO—Why?