February 3, 2023
TECH SPOTLIGHTS – FEB 03, 2023
Let’s peak some spotlight in Tech in early Feb. UK Looks to Traditional Finance to Inform Crypto Regulations The government is opening a consultation on a series of sweeping new rules for the crypto sector, the country’s Treasury department said in a statement on Tuesday. The proposed guidelines would include a requirement for exchanges to […]
Let’s peak some spotlight in Tech in early Feb.
UK Looks to Traditional Finance to Inform Crypto Regulations
The government is opening a consultation on a series of sweeping new rules for the crypto sector, the country’s Treasury department said in a statement on Tuesday. The proposed guidelines would include a requirement for exchanges to write detailed requirements on admission standards and disclosures for token issuers when listing new assets.
Read more: HERE
Biggest Movers: DOGE Hits 8-Week High as Meme Coins Rally on Tuesday
Dogecoin climbed to an eight-week high on Jan. 31, as prices broke out of a key resistance level on Tuesday. The meme coin surged ahead following the release of the latest consumer confidence report in the United States. Shiba inu also moved higher, rebounding from losses to start the week.
Read more: HERE
Instagram’s founders are back with a new app
Kevin Systrom and Mike Krieger on Tuesday announced the launch of Artifact, an app that promises “a personalized news feed” powered by artificial intelligence. The launch comes at a time of renewed activity in the social media world. In the wake of upheaval and uncertainty at Twitter under new owner Elon Musk, a number of newer services have found traction helping users get news and personal updates in a feed. Meanwhile, TikTok’s rapid rise continues to push numerous apps, including Instagram, to copy its features.
Read more: HERE
Tesla’s SEC Filing Shows Bitcoin Fair Market Value of $191 Million
Tesla’s latest filing with the U.S. Securities and Exchange Commission (SEC) shows that the fair market value of the company’s bitcoin holdings was $191 million at the end of 2022. In addition, billionaire Elon Musk’s electric car company recorded $204 million of impairment losses resulting from changes in the prices of bitcoin.
Read more: HERE
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