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FameEX Morning Crypto News Recap | April 27, 2023

2023-04-27 11:08:20

Web3 Social Media Protocol Unveils 'Layer 3' Launch Allowing Instantaneous Posting
Lens, a Web3 social media protocol, has launched Bonzai, a new "layer 3" network to boost the scalability of blockchain social media apps. Bonzai is designed to store and process posts, comments, and shares, which decreases the burden on the Polygon network. By reducing congestion, the move is expected to improve scalability for Lens and enable faster and more effective social media transactions.

Bahamas Securities Watchdog Introduces Draft Act for Comprehensive Regulation of Digital Assets
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.

Initial Regulatory Hurdles Passed for South Korea's Comprehensive Crypto Bill
South Korean lawmakers have given the Financial Services Commission the power to investigate and supervise financial activity linked to cryptocurrencies. The initial regulatory review of the proposed regulations paves the way for the implementation of measures that will ensure compliance with anti-money laundering and customer protection requirements, promoting transparency and preventing fraudulent activity in the digital asset market.

The Future Growth of the Music Industry and the Role of Artificial Intelligence
AI is revolutionizing the music industry by transforming various aspects such as songwriting, music production, marketing, and distribution. As it gains popularity, AI is making a profound impact on the music industry, allowing it to move towards new and innovative methods of creating music. The article discusses how AI is influencing and shaping the future of the music industry by analyzing data, forecasting trends, and providing insights into listener preferences.

Creation of 'Safe AI' Taskforce Funded by UK's £125 Million Pledge
The UK government has pledged £125 million ($124.8 million) to establish a new task force for artificial intelligence (AI), aiming to enhance the country's readiness for AI technology. The task force will receive an initial funding of £100 million ($124.8 million) to promote innovation, create job opportunities, and enhance people's lives. The UK Prime Minister and Technology Secretary will oversee the allocation of funds to support the task force's activities.

Google Trends Reveals Increase in Searches for 'How to Buy Gold' and 'Bitcoin' During US Banking Upheaval
Google Trends has detected a significant increase in searches for buying gold and Bitcoin amidst the recent banking upheaval in the United States. The search term for purchasing gold received a perfect score of 100 in the first week of April 2023, while the search query "how to buy bitcoin" achieved the same score on March 20, 2023. These trends suggest a rising interest in alternative investment options amid economic instability.

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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