30% Excise Tax on Crypto Mining Proposed
The U.S. Treasury Department has proposed a 30% excise tax on the cost of powering crypto mining facilities. This tax would be phased in over the next three years, increasing 10% each year. Companies using computing resources to mine cryptocurrencies would be required to report how much electricity they use and what type of power was tapped. This proposal...
Bitcoin Price Falls Below $20K: Bearish News Overwhelms Uptrend
Bitcoin (BTC) has seen a sharp decline in price, falling below the $20,000 level for the first time since mid-January. The largest cryptocurrency by market capitalization has dropped 7.7% in the past 24 hours and is currently hovering around $20,040. After reaching a record high of $69,000 in November 2021, bitcoin has been on a downward trend, beginning 2023...
AI Everywhere: Microsoft’s ChatGPT Program & Google’s Advancements
Google's parent company Alphabet is racing to integrate "Generative AI" technology into all major products, as seen with the release of ChatGPT by startup OpenAI, in order to stay competitive and capitalize on the potential of this technology, which has been touted as having a greater impact than fire and electricity. Google is pushing its employees to focus on artificial...
Music Companies Reach Copyright Agreement with AI Music
David Guetta's performance showcased the potential of AI in music, as he used AI tools to create a Future Rave song in Eminem style that had the audience going wild. 2023 may be the year of head-on collision between AI music and human music. AI music has become increasingly popular in the past two years, with music companies and...
$307 Million Crypto Liquidations: Binance, OKX, Huobi Hit Hard
Crypto traders experienced a significant loss of $307 million in the past 24 hours, according to data from Coinglass. Binance, the world’s largest crypto exchange, saw the most liquidations with $104 million, followed by OKX and Huobi with $79 million and $45 million respectively. Bitcoin traders were the most affected, with $112 million in losses, while ether liquidations totaled...
KuCoin Sued by NY AG for Offering Unregistered Ether Tokens
New York State Attorney General Letitia James has filed a lawsuit against KuCoin, a Seychelles-based crypto exchange, alleging that it is violating securities laws by offering tokens, including ether, without registering with the attorney general’s office. This is the first time a regulator has claimed in court that ether is a security, though the SEC Chairman Gary Gensler has...
Who is making money with AI painting?
Long-discussed and ever distant, AI technology has finally "landed" this year, with ChatGPT's rapid development becoming the focus of attention of Internet giants. At the same time, news of the "first AI painting fraud case in China" has become a hot search topic. It is understood that recently, a poster with the words "party with yacht maids in Suzhou's...
Legal Risks of Virtual Digital People in Ads
Virtual digital people endorsements are becoming increasingly popular with brands due to their controllability and the acceptance of the universe era. Compared to star endorsements, virtual digital people have the nature of "never collapse", and they can conduct uninterrupted live streaming without time and energy constraints, reducing the cost of live streaming. However, the State Administration for Market Regulation...
Unlock the World of Financial Opportunities with Binance Quarterly Futures Contracts!
The cryptocurrency market is a rapidly changing space, and Binance Futures is quickly becoming one of the largest and most popular futures exchanges. One way to speculate on the price of financial instruments is by trading futures contracts, and Binance offers quarterly futures contracts, which settle in cash, backed by highly liquid markets and a robust trading engine. In...
Institutional Traders Test Vertex DEX on Ethereum Layer 2
Vertex, a new protocol for decentralized exchanges (DEX) atop the Ethereum layer 2 system, is setting its sights on institutional clientele. The platform recently opened beta testing for spot and derivatives trading to a small group of institutional traders. The test is API-only, meaning clients plug directly into Vertex’s trading engine. Vertex is the latest protocol to join the...
