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FameEX Morning Crypto News Recap | December 7, 2023

2023-12-07 14:46:40

Moody's Introduces Finance-Oriented Quantum-as-a-Service Platform

Moody's Analytics has introduced QFStudio, a software-as-a-service (SaaS) platform that acts as a continuous integration, benchmarking, and delivery solution for quantum computing applications. It empowers clients to assess and benchmark quantum and classical algorithms for specific tasks, offering valuable insights into the performance and applicability of quantum solutions in various contexts.

IBM, Meta, and Partners Establish 'AI Alliance' to Propel AI Advancements

IBM and Meta are leading a coalition of technology firms in the formation of the AI Alliance. This alliance seeks to promote collaboration rather than competition in the AI market. Their shared goal is to encourage transparent innovation and responsible AI development, marking a significant step in the industry's approach to AI advancements.

Société Générale, France's Third-Largest Bank, Introduces Euro-Pegged Stablecoin

Société Générale, France's third-largest bank, has entered the stablecoin market with its euro-pegged stablecoin, becoming one of the early European banking giants to do so. Jean-Marc Stenger, CEO of Société Générale Forge, emphasized the bank's involvement in the evolving crypto landscape and the need for a euro-denominated stablecoin. This move reflects the bank's commitment to the cryptocurrency sector.

Jamie Dimon, JPMorgan CEO, Expresses Strong Disapproval of Cryptocurrencies During U.S. Senate Hearing

JPMorgan Chase's CEO, Jamie Dimon, restated his skepticism about cryptocurrencies during a U.S. Senate Banking Committee hearing. Despite the bank's substantial presence in the blockchain industry, Dimon remains staunchly opposed to cryptocurrencies, expressing concerns about their potential for criminal activities and misuse.

Despite Failures, Global Policymakers Continue to Advocate for CBDCs

Despite the challenges and setbacks tied to central bank digital currencies (CBDCs), international policymakers are determined to advance their implementation. In November, organizations like the International Monetary Fund (IMF), Bretton Woods Committee, and Bank for International Settlements (BIS) urged governments to press ahead with CBDCs, emphasizing the need for courage and determination in this pursuit.

China's 3-Year Action Plan Includes Metaverse Deployment in Key Economic Sectors

China is actively promoting the integration of metaverse technologies into its economy through a Three-Year Action Plan. The plan outlines specific goals for metaverse integration, with a particular emphasis on applications in cultural, educational, and entertainment sectors. It provides recommendations for key industry players to incorporate metaverse technologies into their products and services.

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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