#will

Beginning on August 31, the popular NFT marketplace OpenSea will not charge royalties for NFT secondary transactions, signaling a change in artist earning policy. Previously, creators were able to set a commission of 2.5% to 10% and earn from every resale. However, with the new update, the creator fee is left up to the discretion of the buyer. For collections on non-Ethereum blockchains, the creator fee will only remain mandatory until February 29, 2024. After this date, the entire platform will make royalties optional.

Ripple contends that there is no justification for the SEC to appeal its partial loss while the case remains unresolved. Ripple’s legal team has presented three primary arguments in response to the SEC’s appeal request: Аn appeal requires a pure question of law and that the SEC’s request raises no new legal issues that need to be reviewed. SEC’s argument that the court ruled incorrectly on the matter is not sufficient. An immediate appeal will not advance the termination litigation proceedings.

Yesterday on Twitter, Elon Musk confessed that his call-out for a fistfight was just a jest that, evidently, went a bit too far. Musk mentioned that after suggesting a face-off with Mark at the Colosseum, Zuckerberg shot down the idea without batting an eye, citing he was "traveling." "Is there anywhere he will fight?" Musk tweeted. Meanwhile, Zuckerberg voiced his frustrations on Threads, implying Musk isn't serious about the showdown, citing some impending surgery and being elusive about confirming a final date. "I'm going to focus on competing with people who take the sport seriously," Zuckerberg writes. Such spectacles would even make Cirque du Soleil green with envy.

The U.S. Department of Justice is escalating its legal fight against the founder of FTX, employing intimate writings from his ex-girlfriend Caroline Ellison, who once managed investment company Alameda Research. From October 2nd, the court will see evidence pulled from Caroline's personal documents. A notable inclusion is a list termed "Things Sam is Freaking Out About," pointing towards alleged financial misconduct at FTX. The case's evidence will also feature undisclosed recordings and messages from FTX insiders.

Stated to be a staggering 10 times faster than Solana, the network accomplishes transaction finality in just 250 milliseconds. Trading of the blockchain's native token (SEI) has started on different centralized exchanges, and it's now valued at approximately $0.19. There's also news of an airdrop, but claiming will be permitted only after the "initial warm-up period." The time frame for this warm-up has not yet been revealed.

Under the new regulations, stablecoin transfers will require up to three business days. This rule has caused bewilderment within the blockchain community. However, officials state that this restriction is consistent with the pace of standard domestic money transfers and will also apply to stablecoin redemptions. "The redemption timeline is intended to strike a balance between responsiveness to users’ requests and ensuring there is enough time for the SCS issuer to do so in an orderly manner under various stress situations," added the regulator.

JPMorgan reports that Bitcoin miners are diversifying their operations in anticipation of the upcoming halving event, which will slash their rewards. Miners are now venturing into the booming artificial intelligence (AI) market, offering high-performance computing services. This shift is partly funded by selling newly minted or existing bitcoins. Companies like Applied Digital and Iris Energy are already making strides in AI cloud services. Additionally, post Ethereum's shift from proof-of-work, former Ethereum miners are leveraging GPUs for AI, finding it potentially more profitable than traditional mining.

The issuer of USDT has resolved to end support for Kusama, Bitcoin Cash SLP, and Omni Layer. This move follows an in-depth analysis of the functionality, safety, and stability of these particular blockchains. Notably, Omni Layer, Tether's first transport layer since its inception in 2014, was instrumental during its early days. However, it has witnessed a decline in popularity due to rising competitive solutions. Though minting of USDT on the aforesaid platforms will be terminated, the redemption process will stay in place for a duration extending at least a year.

PayPal suspends crypto buying services in the UK Starting October 1, 2023, PayPal will no longer support cryptocurrency purchases for it's users from the United Kingdom. This action is consistent with the company's obligation to comply with local financial legislation. While the measure is planned to last until the start of 2024, PayPal remains hopeful about restoring the service. During the suspension, users are free to either hold their existing cryptocurrencies without any associated fees or sell them if they choose.

House Democrats have initiated a working group dedicated to artificial intelligence (AI) with the aim to craft legislation surrounding this tech. The group, chaired by Representative Derek Kilmer, will explore leveraging AI for growth while ensuring job security for those impacted by AI advancements. A primary concern is the rise of AI-generated misinformation, especially deepfakes.

China's provisional AI guidelines, termed "Generative AI Measures," take effect today. Among the 24 measures, AI service platforms must register and undergo security reviews before public launch. AI-generated content will need labels, and data must come from legitimate sources respecting intellectual property and user privacy. Service providers are accountable for content on their platforms.

Dasset, a cryptocurrency exchange in New Zealand, has left its users unable to access their holdings. Attempts to log onto the official site redirect customers to the webpage of the law firm Grant Thornton. A released statement details that Grant Thornton will control the liquidation process of the exchange. It has immediate plans to cooperate with all customers to safeguard all the residual funds. "Dasset’s management says a significant reduction in asset values and trading levels impacted its ability to trade profitably. It was determined the appointment of liquidators was in the best interests of all stakeholders," Grant Thornton highlighted.

Singapore’s central bank, the Monetary Authority of Singapore (MAS), has released a final regulatory framework for single-currency stablecoins (SCS) under its regulation. MAS stated that the framework’s goal is to guarantee “a significant level of value stability” for stablecoins. This framework will be applicable to all stablecoins tied to the Singapore Dollar or any other G10 currency issued within Singapore.