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Techub News reports that the US Treasury Department has announced unprecedented action against A7 Network. The Treasury Department accuses it of being a shadow banking network related to Russia, used by the Iranian regime to evade sanctions, and identifies it as a significant transnational criminal organization. The Financial Crimes Enforcement Network (FinCEN), a subsidiary of the Treasury Department, has proposed a rule prohibiting financial transactions involving A7 Network's sub-agents. Additionally, FinCEN has issued an alert to help financial institutions detect and report suspicious activities related to this network.
Techub News reports that a survey shows senior staffers of the U.S. Congress widely support regulating the artificial intelligence (AI) industry, highlighting the potential for significant legislative actions in the future, which will impact industry standards. (Crypto Briefing)
Techub News reports that financial data network Plaid and conversational AI company Decagon have announced a partnership. Through this collaboration, Decagon users will be able to securely connect their bank accounts via Plaid in a conversational context and perform operations related to bank account connections, payment failures, and transaction disputes. (Finextra Crypto Channel)
Techub News reports that Coinbase's Layer 2 network, Base, has officially launched the Cobalt upgrade on the mainnet. This upgrade aims to enhance transaction flexibility and achieve automation in upgrades to simplify future network development and reduce operational disruptions. Cobalt is a significant engineering improvement for the Base network, with its core goal being to provide developers and users with a more stable and efficient experience by enhancing transaction processing capabilities and automating the upgrade process. This upgrade is part of Base network's ongoing efforts to optimize its infrastructure. (Crypto Briefing)
Techub News, according to TechCrunch, AI startup Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, announced on Monday the launch of interaction models. The technology adopts a "full duplex" architecture, capable of simultaneously processing user input and generating responses, enabling a real-time two-way dialogue experience similar to a phone call, rather than the traditional AI turn-based response mode. The model is named TML-Interaction-Small, with a response time of only 0.40 seconds, approaching the speed of natural human conversation and significantly faster than similar models from OpenAI and Google. Currently, the technology is still in the research preview stage and has not been made available to the public. The company plans to launch a limited research preview in the coming months and will release it more broadly later this year.
Techub News reports, AI video generation company Tavus has launched a 'human interaction model' named Griffin. This AI can conduct video calls in real-time, processing facial expressions, tone, and gestures. In a study, 48% of participants believed Griffin was a real person after a one-minute call, whereas the previous system's highest misidentification rate was only 2%. (The Decoder)
Techub News reported that the payment giant Stripe has announced that the stablecoin Open USD (OUSD) will be set as the default stablecoin for its commercial payment services. This move aims to reshape commercial payments by sharing economic benefits and improving the efficiency of cross-border transactions. (Crypto Briefing)
Techub News reports that during his visit to Nanjing University, Hong Kong's Secretary for Financial Services and the Treasury, Paul Chan, delivered a speech highlighting that artificial intelligence is reducing search and transaction costs, driving enterprises to redesign operational processes and spur new business models. He emphasized Hong Kong's strengths in finance, innovation and technology, professional services, and internationalization, which can be integrated with the industrial foundation of Nanjing and Jiangsu to jointly promote the transformation of research results and industrial development. The delegation subsequently held discussions with university representatives and alumni companies to explore collaboration opportunities in fields such as artificial intelligence, optical chips, and life sciences, as well as to facilitate connections between industry and capital. (Hong Kong Government News Bulletin)
Techub News reports that HSBC and Ant Digital Technologies have announced the completion of a technical test exploring how AI agents can use tokenized bank deposits to pay for digital services. The test combined HSBC's Tokenized Deposit Service (TDS), Ant Digital Technologies' Jovay Layer 2 blockchain testnet, and the Anvita Flow network. (CoinGape)
Techub News reports that the cryptocurrency intelligence platform Arkham has announced the launch of a comprehensive cross-chain bridge transaction tracking feature. Users can now track the details of transactions on both the source and destination chains of cross-chain transfers. The first batch of supported cross-chain bridges includes Hyperunit, deBridge, Circle’s Cross-Chain Transfer Protocol (CCTP), Across, and Relay, with plans to support more cross-chain bridges in the future.
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