LensLinks: Issue 185

UK Financial Services and Markets Act, brought to you by Regiment LLC

Author

Len Pacek
June 30, 2023

Today in LensLinks:

  • Financial Services and Markets Act granted Royal Assent by King Charles, making crypto trading a regulated financial activity in the UK

  • AI, metaverse to accelerate data centers' energy demand

  • Ex-Genesis CEO Michael Moro to Head Crypto Derivatives Exchange Startup

  • Apple Launches Vision Pro SDK, but What Do Audiences Think?

  • Bitcoin's exchange balance drops to 5-year low as price hits $30K

  • Caribbean Firm Used Crypto to Launder $500 Million

  • Singularity: Ranking Industries by Their Potential for AI Automation

  • And Much, Much, More…

#regimentco #cryptoreg #singularity #bitcoin

QUOTABLE

❝

“I think we have to make sure that whatever regulatory framework you have doesn't just assume that everything is a financial asset.”

- Commissioner Hester Peirce

NOTABLE

Hester Peirce: US crypto laws can’t assume ‘everything is a financial asset’

Discussing her take on crypto laws in the U.S., SEC commissioner Hester Peirce said crypto technology is used for many products or tools and regulations shouldn’t assume all uses are financial.

cointelegraph.com/news/hester-peirce-dont-label-all-crypto-financial-asset

Metaverse & Gaming

AI, metaverse to accelerate data centers' energy demand

The wider incursion of artificial intelligence (AI) and the progression of metaverse are seen as the two game-changing factors that will trigger exponential rise in the energy demand of data centers, primarily on the high-powered computing usage of the hyperscalers.

mb.com.ph/2023/6/28/ai-metaverse-to-trigger-exponential-rise-in-hyperscalers-energy-demand

Blockchain, Tokens & DeFi

Financial Services and Markets Act granted Royal Assent by King Charles, making crypto trading a regulated financial activity in the UK

The Financial Services and Markets Bill intends to turn the UK into a competitive financial center, including supporting crypto regulation.

cryptoslate.com/financial-services-and-markets-bill-granted-royal-assent-by-king-charles-making-crypto-trading-a-regulated-financial-activity-in-the-uk

Crypto Trading

Ex-Genesis CEO Michael Moro to Head Crypto Derivatives Exchange Startup

Ankex, a non-custodial exchange with a centralized order book, is being spun out of crypto custody firm Qredo, which Moro joined in January.

www.coindesk.com/business/2023/06/29/ex-genesis-ceo-michael-moro-to-head-crypto-derivatives-exchange-startup

Metaverse & Gaming - a little more…

Apple Launches Vision Pro SDK, but What Do Audiences Think? - XR Today

XR Today reports on the latest extended reality news from around the globe, including virtual reality, augmented reality and mixed reality.

www.xrtoday.com/mixed-reality/apple-launches-vision-pro-sdk-but-what-do-audiences-think

The Hobbies That Have Begun to Dominate the Internet

As the internet grows and expands, the hobbies and pastimes that dominate this space have also begun to change and develop. The technology around gaming

nerdbot.com/2023/06/28/the-hobbies-that-have-begun-to-dominate-the-internet

Blockchain, Tokens & DeFi - a little more…

Bitcoin's exchange balance drops to 5-year low as price hits $30K

Bitcoin's exchange supply dropped to a five year low as its price hit $30,000. Only 11.7% of circulating coins now sit on exchanges.

cryptoslate.com/btc-exchange-supply-drops-to-5-year-low

COMP Token Rises by 50% in 4 Days Amid Flurry of Whale Activity on Binance

One wallet deposited $3.5 million worth of USDT and withdrew $7.76 million in Compound's COMP tokens this week.

www.coindesk.com/business/2023/06/29/comp-token-rises-by-50-in-4-days-amid-flurry-of-whale-activity-on-binance

EA CTO: AI will never replace "top talent"

Generative AI will be a big part of the future of game development, EA chief technology officer Marija Radulovic-Nastic…

www.gamesindustry.biz/ea-cto-ai-will-never-replace-top-talent

Crypto Trading - a little more…

Caribbean Firm Used Crypto to Launder $500 Million

In January, the Commodity Futures Trading Commission sued Traders Domain, alleging that it was a front for a scheme that defrauded customers of at least $144 million.

www.thestreet.com/cryptocurrency/crypto-sleuth-coffeezilla-says-caribbean-firm-used-crypto-to-launder-500-million

We’re not building a crypto hub in Hong Kong, regulator says

The securities chief says the collapse of FTX entrenched the agency’s belief that ‘crypto’ trading must be regulated stringently as Hong Kong attracts VASPs.

coingeek.com/were-not-building-a-crypto-hub-in-hong-kong-regulator-says

Bitcoin sustains above $30,000 even as Biden calls to eliminate crypto tax loopholes

US President Joe Biden said Wednesday that loopholes in crypto taxation will be eliminated for traders and hedge fund managers, adding to previous com

www.fxstreet.com/cryptocurrencies/news/bitcoin-sustains-above-30-000-even-as-biden-calls-to-eliminate-crypto-tax-loopholes-202306291006

The Singularity:
AI, Quantum Computing, Robotics, Bio-engineering & Other Stuff on the way

Ranking Industries by Their Potential for AI Automation

AI automation is expected to impact some industries more than others. See the latest projections in this infographic.

lnkd.in/dCcJaFVb

ESG (Environmental, Social & Governance)

Using tech to fight toxicity in online games

We're probably never going to stamp out toxicity in online games. But it's always interesting to see how we can fight the good fight.

venturebeat.com/games/using-tech-to-fight-toxicity-in-online-games

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.