Japan's Financial Services Agency is considering a major tax overhaul for cryptocurrencies, potentially reclassifying them as financial assets and reducing tax rates from up to 45% to 20%. This change aims to align crypto taxes with traditional investments and could significantly lower the tax burden for high-earning crypto investors.
WeatherlyAt the 2024 KDDI Summit, OpenAI Japan CEO Tadao Nagasaki announced that GPT-Next will be 100 times more powerful than GPT-4, thanks to major architectural improvements. The release is expected by the end of 2024.
KikyoTrustpilot disabled Binance's TrustScore after discovering fake reviews linked to the platform, emphasising its strict policy on review manipulation. Binance faces significant reputational damage, with 80% of users giving the exchange a 1-star rating.
AnaisThe US Department of Justice has seized 32 domains linked to a Russian disinformation campaign, "Doppelganger," which used cybersquatting and AI-generated content to mislead US citizens ahead of the 2024 election.
CatherineDaniel Wu, CEO of Game Science and the investor behind “Black Myth: Wukong,” is skeptical about Web3 games, arguing that true passion for game development is essential for success. He emphasises focusing on creating high-quality content efficiently, rather than chasing new technologies like Web3.
WeatherlyBeijing-based Zhipu AI has achieved a $2.8 billion valuation with new funding led by a state-backed investment entity. The company is advancing its large language models and forming strategic partnerships, including a new collaboration with Honor to enhance AI services.
WeatherlyTelegram CEO Pavel Durov addressed his recent arrest, revealing he was questioned by French authorities for four days over alleged platform misuse. Denying the claims, Durov criticised the investigation and pledged to improve moderation on Telegram. His statement also led to a rise in TON's value.
CatherineThe FCA has rejected over 87% of crypto registration applications due to strict anti-money laundering rules, causing frustration and delays. As a result, many firms are leaving the UK to operate in more lenient regions.
AnaisCatizen has set the launch of its $CATI token to 20 September, after a delay from July. The token, minted on TON, will be listed for spot trading on Bybit the same day. Trading will begin post-TGE and an airdrop is expected on or shortly after this date.
KikyoCZ, set for release on 29 September, faces a lifetime ban from managing Binance under his plea agreement. While CZ downplays its significance, the question remains: is this a career-ending move or a chance for new opportunities beyond Binance?
Catherine