FameEX Morning Crypto News Recap | October 26, 2023
JPMorgan CEO Jamie Dimon Identifies Nuclear Proliferation as Humanity's Most Critical Challenge
JPMorgan CEO Jamie Dimon, speaking at the Future Investment Initiative summit in Riyadh, emphasized the gravity of nuclear proliferation as the most pressing global threat, surpassing concerns like climate change. Dimon's remarks shed light on his views regarding critical challenges to the global economy and the state of the U.S. economy.
Chainalysis Reports North America as the Largest Crypto Market Despite Regulatory Uncertainty
Chainalysis reports that North America continues to lead in cryptocurrency adoption, despite regulatory uncertainties. However, stablecoin activity has been declining, with users moving away from U.S.-based services. Additionally, the region's share of decentralized finance (DeFi) usage has also decreased.
Ripple Collaborates With Uphold to Enhance Liquidity for Cross-Border Crypto Payments
Ripple is collaborating with Uphold to enhance its cross-border cryptocurrency payment system by leveraging Uphold's advanced crypto liquidity capabilities. Ripple operates in 55 countries and supports payouts in over 70 markets, boasting a track record of processing $30 billion in volume and 20 million transactions.
Chinese Researchers Develop Hallucination Correction Engine for AI Models
Researchers from the University of Science and Technology of China and Tencent’s YouTu Lab have created a tool called "Woodpecker" to address "hallucination" in artificial intelligence models. This tool aims to correct hallucinations in multimodal large language models (MLLMs) and improve their accuracy and reliability.
The Bank of Spain Welcomes the 'Digital Euro' and Explores Its Advantages
Banco de España, the central bank of Spain, has followed other European banks in informing customers about the potential advantages of a digital euro. In an October 19 publication, the central bank explained the characteristics and potential applications of the European Union's proposed central bank digital currency (CBDC).
IRS Extends Comment Period for New Cryptocurrency Tax Rule to Mid-November
The United States Internal Revenue Service (IRS) has extended the public comment period for the proposed cryptocurrency tax reporting rules, originally introduced in August 2023. The deadline for public input has been extended until November 13th. These rules are slated to be implemented in 2026, affecting cryptocurrency sales and exchanges conducted in 2025.
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