FameEX Morning Crypto News Recap | October 26, 2023

JPMorgan's CEO Jamie Dimon Highlights Nuclear Proliferation as Humanity's Top Global Concern

During the Future Investment Initiative summit in Riyadh, JPMorgan CEO Jamie Dimon expressed his belief that nuclear proliferation is the foremost global threat, ranking it higher than climate change and other commonly cited concerns. His comments provided insights into his views on significant challenges facing the global and U.S. economies.

Chainalysis Finds North America Remains the Largest Crypto Market Despite Regulatory Challenges

Despite regulatory uncertainties, North America remains at the forefront of cryptocurrency adoption, according to Chainalysis. However, there has been a decline in stablecoin activity as users shift away from U.S.-based services. Additionally, the region's participation in decentralized finance (DeFi) has also decreased.

Ripple Partners With Uphold to Boost Liquidity in Cross-Border Crypto Payments

Ripple has teamed up with Uphold to improve its cross-border cryptocurrency payment infrastructure. Uphold will provide enhanced crypto liquidity capabilities to facilitate Ripple's services, which operate in 55 countries and offer payouts in over 70 markets. Ripple has an impressive track record, having processed $30 billion in volume and 20 million transactions.

Chinese Scientists Create Hallucination Correction Engine for AI Models

Scientists from the University of Science and Technology of China and Tencent’s YouTu Lab have developed "Woodpecker," a tool designed to tackle "hallucination" in artificial intelligence models. This innovative tool aims to rectify hallucinations in multimodal large language models (MLLMs), ultimately enhancing their precision and dependability.

The Bank of Spain's Positive Reception of the 'Digital Euro' and Its Exploration of Benefits

Spain's central bank, Banco de España, has joined other European banks in educating its customers about the potential benefits of the digital euro. In a publication on October 19, the bank outlined the features and possible uses of the European Union's proposed central bank digital currency (CBDC).

IRS Extends Deadline for Public Comments on New Cryptocurrency Tax Rule to Mid-November

The IRS in the United States has prolonged the public comment period for its cryptocurrency tax reporting regulations, initially introduced in August 2023. Now, the deadline for public input extends until November 13th. These regulations are set to take effect in 2026, influencing cryptocurrency sales and exchanges carried out in 2025.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​