US cryptocurrency regulation bill is expected to be passed this year
U.S. Congressmen Patrick McHenry and Cynthia Lummis expect that a cryptocurrency regulation bill could be passed by the end of the year. Speaking at Georgetown University, Lummis emphasized that the Senate Agriculture Committee’s efforts could win bipartisan support and add necessary details to the year-end negotiations.
Scientists call for global regulation to prevent AI from getting out of control
On September 16, a group of influential AI scientists called for a comprehensive global regulatory framework to prevent artificial intelligence from getting out of control. They warned that uncontrolled or malicious use of artificial intelligence systems could have catastrophic consequences for humanity, and stressed that current science and technology are not enough to manage and protect advanced artificial intelligence.
Rabobank: The outcome of the US presidential election could affect the dollar
Rabobank predicts that the outcome of the US presidential election in November will play a key role in the direction of the US dollar in late 2024 and early 2025. If Trump is elected president, inflation is likely to be higher, and looser fiscal conditions may prevent the Fed's easing cycle. If Harris wins the election, it may lead to more rate cuts, which means the dollar will be weaker than if Trump is president.
Microsoft to open two AI centers in Abu Dhabi
Microsoft will establish two major centers in Abu Dhabi to expand its global AI strategy. These centers will focus on advancing the development of artificial intelligence technology and integrating digital security and cybersecurity into model training and deployment. They will also establish processes to "strengthen the defense of artificial intelligence systems against detection, testing, and attacks" and promote safe and resilient artificial intelligence development.
Circle Expands USDC Services to Brazil and Mexico
Stablecoin issuer Circle has reportedly launched the USDC stablecoin in Brazil and Mexico, allowing users to directly exchange Brazilian reals and Mexican pesos for USDC without having to convert fiat currencies into U.S. dollars. This move simplifies the process of accessing and using USDC in these two markets.
DeFi Technologies files Form 40-F with SEC in preparation for Nasdaq listing
DeFi Technologies has filed a Form 40-F registration statement with the U.S. Securities and Exchange Commission to apply for listing on the Nasdaq. The company has several cryptocurrency-focused subsidiaries, including ETF operator Valour. DeFi Technologies is currently trading on the Canadian Exchange under the ticker DEFI and on the OTC market as DEFTF. Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or official FameEX views.
