AI
Artificial Intelligence (AI), a branch of computer science, is concerned with developing computers capable of doing tasks that would typically need human intelligence. Such tasks include learning from and adjusting to new facts or situations, reading human language, discovering patterns, problem-solving, and decision-making.
Bulgarian Authorities Accuse Four Persons After Nexo Office Raid
The Sofia Nexo raid resulted in four charges. Nexo lets investors borrow and stake crypto. The UK, Bulgaria, and Switzerland-based corporation does not serve Bulgarians. Nexo announced its US service phaseout in December.
Abu Dhabi-based Venom Foundation creates $1B Web3 and blockchain fund.
Abroad. Venom Foundation and Iceberg Capital announced a $1 billion agreement to finance Web3 and blockchain companies. Venom Ventures Fund will invest in payments, asset management, DeFi, and GameFi protocols and Web3 DApps. The investment fund will target entrepreneurs and IT companies to employ Venom's scalable, proof-of-stake blockchain system.
Crypto Exchange Use Pushes ENS Registrations To 2.2M
After the 2022 Midterms, Republicans will dominate the House of Representatives with a narrow majority on Jan. 3. In January 2022, Republican congressman Kevin McCarthy indicated he would explore banning legislators from possessing and trading equities, which could include crypto. Future issues included U.S. senators' financial links to crypto.
Italy Taxes Cryptocurrency Capital Gains 26%
Italy's Senate authorized a 26% capital gains tax on crypto-asset transactions above 2,000 euros (roughly $2,13 at publishing). Crypto assets may be transferred and kept digitally. Crypto assets were taxed less as foreign currency in the nation.
Investors Sell FTX, Celsius, BlockFi, Voyager
A number of investors who lost money as a result of the recent failures of FTX, Celsius, BlockFi, and Voyager Digital are considering transferring their claims to other parties. Nearly 10,000 claims were posted at the time this article was written, including 9,072 claims on Celsius Network, 93 claims on Voyager, 67 claims on FTX, and 23 claims on BlockFi. It has been alleged that former FTX CEO Sam Bankman-Fried has cashed out a total of $684,000 since he was released on bail.
Due To Rising Legal Bills, Celsius Wants To Extend The Claims Deadline
Celsius made the announcement that it will try to push out the date by which claims need to be submitted from January 3 to the beginning of February. The application is scheduled to be heard by the bankruptcy court on January 10th. As of the 29th of December, more than 17,200 claims had been submitted by Celsius' creditors. The total amount of money that had been paid out in legal and other professional expenses related to the bankruptcy case had already reached 53 million dollars.
Conflux Network Expands into Hong Kong
Dr Ming Wu, Co-Founder of Conflux Network, was invited by the Hong Kong Government to discuss the rise of tech innovation through Web3 and how the Conflux Network could play a foundational role in these developments.
Astar Network Named ‘Product of the Year’ At the JBA Annual Blockchain Award
Astar Network, the smart contract platform for multichain, has been awarded the Product of the Year at the 4th annual Blockchain Award by the Japan Blockchain Association. Astar Network’s founder and CEO Sota Watanabe bagged the Person of the Year award for the second consecutive year at the same event.
Hong Kong Arrests Two AAX Executives
Two AAX executives were detained in Hong Kong for fraud and deceiving authorities. Since mid-November, system maintenance has kept 2 million AAX subscribers from accessing their cash. Over 337 victims from China, Taiwan, Italy, and France have reported to local authorities since then.
Deso Blockchain Crosses 2 Million Accounts Amid Elon Musk's Twitter Revamp
The DeSo Blockchain, a custom-built layer-1 designed for the scalability of decentralized social applications for millions of users, recently crossed 2 million accounts and 130,000 MAUs.