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FameEX Morning Crypto News Recap | April 26, 2023

2023-04-26 11:21:45

Protesters at Texas State Capitol Stand Up for Bitcoin, Oppose Bill That Would Slash Mining Incentives
Approximately 100 people answered the joint request of crypto advocacy organizations, namely Chamber of Digital Commerce, Satoshi Action Fund, and Texas Blockchain Council, to protest against proposed legislation that targets cryptocurrency mining companies. They congregated at the Texas State Capitol to express their dissent towards the proposal.

Warning from EU Data Watchdog: US AI Firms Could Face a 'Nightmarish' Situation
According to Wojciech Wiewiórowski, who serves as the European Union's data protection supervisor, American AI firms being investigated for possible breaches of the General Data Protection Regulation (GDPR) are in a challenging situation. Wiewiórowski's comments imply that the EU aims to intensify GDPR enforcement, with severe repercussions for businesses that fail to adhere to it.

ChatGPT Under Investigation by German Regulators for Compliance with GDPR Standards

OpenAI is facing additional hurdles in its bid to continue operating within the European Union, as German regulators are investigating the company's compliance with the General Data Protection Regulation (GDPR) and its privacy practices. The move follows the EU Commission's investigation into OpenAI's adherence to the GDPR. This investigation highlights the mounting pressure on AI firms to conform to the GDPR and other privacy regulations.

Japan Boosts Adoption of Blockchain and Crypto as Industry Leaders Gather at DAO Tokyo Conference
In the past few years, Japan's regulatory and political environment for crypto and Web3 technologies has been changing quickly. Japan's Financial Services Agency declared in December 2022 that it plans to eliminate restrictions on foreign-issued stablecoins on Japanese exchanges, which could have noteworthy effects on the decentralized finance (DeFi) ecosystem not only in Japan but also beyond its borders.

Visa Announces Plans for Revolutionary Crypto Product with Stablecoin Payments Integration
Visa's head of crypto, Cuy Sheffield, has stated on Twitter that the company is developing a new cryptocurrency-focused project. The upcoming product aims to encourage the extensive adoption of public blockchain networks and stablecoin payments. Sheffield emphasized that the objective is to provide individuals and businesses with easier access to and greater benefits from the world of crypto technology.

Hillary Clinton Warns of Potential Global Financial Meltdown and Risk to Dollar's Reserve Currency Status Due to US Debt Default
In a recent warning, Hillary Clinton stated that if the United States defaults on its debt obligations, it could trigger a worldwide financial crisis and fuel demands for replacing the dollar as the world's reserve currency. She stressed that the consequences would be grave if Congress persists in flirting with the idea of default and that it could lead to a catastrophic situation.

Despite $2.4 Billion Loss in Stablecoin Market, Tether Records 2.3% Growth Since March 31
Despite a $2.4 billion loss in the stablecoin market from March 31, 2023, Tether experienced a 2.3% growth within the same period, while four of the top five stablecoins recorded net redemptions over the last 30 days. Despite the decreasing value of several digital assets against the U.S. dollar, Tether remained stable and achieved growth.

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

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