Korea Blockchain Week 2023: Where visionaries and innovators converge

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• Nvidia unveils DGX GH200, supercharges AI development and gaming industry

  TL;DR Breakdown At the Computex event in Taiwan, Nvidia unveiled the DGX GH200, a state-of-the-art AI supercomputer. Alongside the DGX GH200, Nvidia announced Nvidia ACE for Games, a platform that will utilize AI to create game NPCs with more depth and personality. Using AI and metaverse technologies, Nvidia plans to partner with WPP to reduce advertising costs. Nvidia, a forerunner in developing artificial intelligence (AI) tools and applications, has disclosed ambitious plans to roll out an array of innovative AI products. During the Computex event in Taiwan on May 28, Nvidia’s CEO, Jensen Huang, introduced the DGX GH200, a state-of-the-art AI supercomputer designed to assist tech firms in creating advanced versions of the renowned AI chatbot, ChatGPT. Huang expects that leading tech companies such as Meta, Microsoft, and Google’s Alphabet will be among the early adopters of the new AI powerhouse. Alongside this announcement, Huang also revealed Nvidia ACE for Games, a service aimed at the gaming industry. This platform will harness AI to imbue game NPCs with more depth and personality. Nvidia also plans to join forces with communications…

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• Unbanked no more: Bahamas launches crypto remittance platform

  TL;DR Breakdown Island Pay introduces “CiNKO” digital wallet, powered by Circle’s USDC stablecoin, for remittances in Latin America and the Caribbean. The innovative wallet aims to enhance financial inclusion by providing seamless transactions for both banked and unbanked individuals in over 30 countries. The push for stablecoins and decentralized finance protocols in the region is set to revolutionize the remittance landscape, offering potential cost savings of up to 80% compared to traditional methods. Description Island Pay, a Bahamas-based fintech company, has stepped forward with an innovative solution to address the high costs and challenges associated with traditional remittances. However, the company recently unveiled its digital wallet, “CiNKO,” tailored for users in Latin America and the Caribbean. CiNKO will utilize Circle’s USDC stablecoin as its primary currency, offering an alternative … Read more Island Pay, a Bahamas-based fintech company, has stepped forward with an innovative solution to address the high costs and challenges associated with traditional remittances. However, the company recently unveiled its digital wallet, “CiNKO,” tailored for users in Latin America and the Caribbean. CiNKO will utilize Circle’s USDC stablecoin…

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• Qatar criticized for inaction against crypto firms

  TL;DR Breakdown Qatar is facing criticism for its inadequate measures in combating money laundering and terrorist financing related to cryptocurrency firms. The FATF-MENAFATF evaluation report commends the country’s understanding of these risks but suggests it needs to better comprehend more complex forms. Despite its risk-based approach to financial sector supervision, its control over the non-financial sector, including crypto firms, needs enhancement. Qatar, the wealthy Middle Eastern nation known for its towering skyscrapers and burgeoning economy, has recently drawn significant attention for its involvement in the global cryptocurrency arena. However, this focus has not been entirely positive. Criticism is rising against Qatar for its perceived inadequacies in addressing money laundering and terrorist financing issues linked to cryptocurrency firms. Evaluating Qatar’s anti-money laundering efforts According to the Financial Action Task Force (FATF), an intergovernmental body aimed at combating money laundering and terrorist financing, Qatar has shown commendable progress in enhancing its defensive systems against these illicit activities. Despite this, concerns remain about the effectiveness of these measures in tackling criminal activities associated with digital currency platforms. Qatar, despite its size, boasts a…

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• Group behind the Tornado Cash lawsuit loses to the US Treasury

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