Markets
Referral & Affiliate
Rewards
Products
Support Center
News
Research
Download
English(Australia)
FameEX Morning Crypto News Recap | December 29, 2023
2023-12-29 12:12:01
Hong Kong's Regulators Issue Public Consultation Document on Stablecoin Regulation
Hong Kong's Monetary Authority and Financial Services and the Treasury Bureau have issued a public consultation paper to solicit opinions on regulating stablecoin issuers. The HKMA also introduced a sandbox program aimed at delivering guidance on regulatory compliance and supervisory expectations to aspiring stablecoin issuers.
Study Highlights Accumulation of Bitcoin Mining Rewards at Antpool
In 2023, Antpool's notable growth has led to a significant change in the bitcoin mining sector, particularly in the consolidation of bitcoin rewards, surpassing Foundry USA in terms of blocks mined. The Miner Mag's analysis shows that Antpool, along with other key pools, is centralizing coinbase block rewards, pointing to an evolving, intricately connected mining ecosystem and changing power structures in the industry.
India's Move Toward De-Dollarization Stumbles Amid Oil Suppliers' Worries About Rupee Repatriation India's Oil Ministry has acknowledged the failure of its attempt to buy oil in rupees, not U.S. dollars, due to suppliers' apprehensions about fund repatriation. This move was a key part of India's strategy to lessen its reliance on the U.S. dollar for settling cross-border transactions. Detailed Review of the 2023 Banking Crisis: A Look at the Top Three Bank Failures in US History In 2023, the U.S. experienced its largest banking crisis with three major banks collapsing. During this period, cryptocurrencies, especially bitcoin, displayed notable resilience amidst the sector's instability. Concurrently, this crisis caused the de-pegging of Circle's significant stablecoin, following difficulties in retrieving $3.3 billion from the defunct Silicon Valley Bank (SVB). NYT Suing OpenAI and Microsoft Over AI: Could Mark a 'Watershed Moment' The New York Times has initiated legal action against OpenAI and Microsoft, accusing them of unlawfully utilizing its content to train AI systems like ChatGPT, potentially endangering its journalism. This lawsuit represents a noteworthy copyright infringement issue within the AI sector, where a prominent media organization is directly challenging the developers of ChatGPT. Argentina Provides Option for Citizens to 'Regularize' Undisclosed Cryptocurrency Holdings Under Libertarian Javier Milei's leadership, Argentina's government is facilitating the legalization of cryptocurrency holdings for taxpayers. The Law of Bases and Starting Points for the Freedom of Argentines enables taxpayers to legalize their crypto assets without providing additional proof of their origin, even if these holdings have pending tax declarations. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
