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White House Crypto Summit, Japan's First Stablecoin License, Turkey's Crypto Payment Challenge, and more!

We are decoding the Digital Revolution: From White House Crypto Summit to Japan's First Stablecoin License and Turkey's Crypto Payment Challenge, to the AI Pioneers Who Just Rewrote Tech History.

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Breaking News: We're dropping our 200th EPIC newsletter! 💫 It's your ride-or-die crypto storyteller, Mochi, here to celebrate this massive milestone with a mind-blowing edition that'll make your brain cells dance! 🧠 

From White House crypto conspiracies to global digital revolutions, we've been your trusty guide through the wildest landscape of tech and web3. Two hundred newsletters of pure, unfiltered digital madness – and we're just getting started! Grab your virtual popcorn, because this ride is about to get wilder than a Bitcoin price swing! 🌐✨

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INTEL BRIEF

🟧 Trump's first White House Crypto Summit is set to bring together top crypto executives and government officials, potentially signaling a groundbreaking approach to cryptocurrency policy.

🟧 SBI VC Trade becomes the first Japanese platform to receive a stablecoin license, marking a significant breakthrough in Japan's cryptocurrency regulatory landscape.

🟧 A Turkish law firm is set to challenge the country's ban on crypto payments, potentially revolutionizing the nation's digital financial landscape.

🟧 Andrew Barto and Richard Sutton win the prestigious Turing Award for pioneering reinforcement learning, the breakthrough technique powering modern AI technologies.

Crypto Kingpins Gather for Trump's Secret White House Crypto Mission

Donald Trump prepares to host the first-ever White House Crypto Summit on March 7.

The summit is no small gathering, with more than 25 participants expected to join the roundtable from 6:30 pm to 10:30 pm UTC. Fox Business reporter Eleanor Terrett has been dropping breadcrumbs of intrigue, revealing that 11 crypto executives and two White House representatives have already confirmed their attendance.

The guest list is reading like a who's who of the crypto world. While the full lineup remains somewhat mysterious, industry leaders are practically vibrating with excitement.

While Terrett’s list didn’t include Ripple CEO Brad Garlinghouse, he previously hinted at his attendance in a March 2 post on X soon after Trump’s crypto czar Sacks announced the summit on March 1.

 

Brad Garlinghouse of Ripple has already hinted at his participation, dropping hints about championing crypto interests in Washington.

For those who didn't make the VIP list, a larger invite-only reception is being planned right across the street from the White House. Talk about a crypto consolation party! The community is already speculating about the notable names not yet invited – including crypto celebrities like Cathie Wood, Vitalik Buterin, and Charles Hoskinson.

Commerce Secretary Howard Lutnick's cryptic comments about a potential US Bitcoin strategic reserve. "The President definitely thinks that there's a Bitcoin strategic reserve," Lutnick reportedly said, sending speculation into overdrive. Could we be witnessing the birth of a national crypto strategy that could change everything?

Trump's first White House Crypto Summit is scheduled for March 7
11 crypto executives and 2 White House representatives confirmed
11 crypto executives and 2 White House representatives confirmed

Japan Unleashes USDC Stablecoin Revolution Against Global Banking

SBI VC Trade is leading the charge with a groundbreaking stablecoin announcement. On March 4, the company completed its first registration for stablecoin transactions, specifically targeting Circle's USDC – and the crypto world is buzzing!

This isn't just another regulatory update – it's a full-blown crypto party. SBI VC Trade CEO Tomohiko Kondo proudly proclaimed the company as the first and only firm in Japan to obtain a "stablecoin license". The platform is gearing up for a USDC trading trial on March 12, with plans for a full-scale rollout in the near future.

The backstory is equally exciting. Japan has been on a regulatory rollercoaster with cryptocurrencies, recently lifting its ban on foreign stablecoins in 2023. The Financial Services Agency (FSA) has been working overtime, approving policy changes that make crypto fans do a happy dance.

Circle's CEO Jeremy Allaire couldn't contain his excitement, celebrating USDC as the "first and only global dollar stablecoin to become approved for use in Japan". Talk about a milestone! Even Financial Services Agency Commissioner Hideki Ito is singing stablecoins' praises, highlighting their potential for "sophistication of remittance and settlement."

SBI VC Trade isn't putting all its eggs in one basket. The platform already supports a wide range of cryptocurrencies, including Bitcoin, Ether, and XRP. Their collaboration with major U.S. companies like Ripple suggests this is just the beginning of a crypto revolution.

Cryptocurrencies supported on SBI VC Trade. Source: SBI VC Trade

SBI VC Trade receives first Japanese stablecoin license
USDC trading trial planned for March 12
Japan continues to soften cryptocurrency regulations

Rebel Law Firm Declares War on Turkey's Crypto Payment Blockade

GlobalB, a bold Turkish law firm, is preparing to challenge the country's crypto payments ban in a hearing scheduled for May 28 that could send shockwaves through the financial world.

Since 2021, Turkey has maintained a strict prohibition on using cryptocurrencies for payments, despite allowing citizens to buy, hold, and trade digital assets. But now, GlobalB is stepping up to challenge this restriction, and they're not playing small ball.

The firm's founding partner, Sima Baktaş, is making a compelling case. "This could accelerate financial innovation and position Turkey as a blockchain hub," she argues. Translation: crypto could be about to get a major Turkish upgrade!

Source : Sima Baktas

The country has actually been warming up to crypto in recent years. In July 2024, Turkey introduced a regulatory framework allowing crypto asset providers to apply for licenses. Major exchanges like Bitfinex, Binance TR, and OKX TR are already lining up. Some Turkish banks have even started offering crypto services, partnering with Swiss platform Taurus.

Crypto adoption in Turkey is on a serious upward trajectory. A 2021 poll showed the crypto user base had exploded elevenfold. By 2024, the cryptocurrency ownership rate hit an impressive 19.3%. These aren't just numbers – they're a revolution in the making.

Baktas believes the lawsuit could be a game-changing catalyst, potentially creating "a well-regulated yet dynamic environment" for digital economies. A positive ruling could open doors for new business models and crypto platforms seeking licenses.

GlobalB to challenge Turkey's crypto payments ban in May
Crypto ownership in Turkey reaches 19.3%
Potential for major regulatory changes in digital finance

Machine Learning Wizards Crowned as AI's Founding Fathers

The computing world is buzzing with excitement as two legendary researchers have been crowned the Nobel Prize winners of the digital realm. Andrew Barto and Richard Sutton have just snagged the Turing Award for their groundbreaking work in reinforcement learning – the secret sauce behind AI's most mind-blowing achievements.

Let's rewind to 1977 when this incredible journey began. Barto started with a wild idea: what if neurons were like tiny pleasure-seeking machines? A year later, Sutton joined the party, and together they cooked up a revolutionary concept that would change AI forever.

The impact has been nothing short of extraordinary. This dynamic duo's work is the hidden engine behind game-changing technologies like Google's AlphaGo and ChatGPT. Remember when AlphaGo shocked the world by beating the best Go player? That was reinforcement learning in action – the AI learned by playing millions of games, figuring out which moves bring "success" and which bring "failure".

Reinforcement learning is the reason modern chatbots can respond in surprisingly human-like ways. OpenAI's approach of having humans provide feedback – essentially teaching the AI what's "good" and "bad" – is a direct descendant of Barto and Sutton's brilliant concept.

The $1 million Turing Award is just the cherry on top. Their 1998 book remains the bible of reinforcement learning, with experts saying we've only scratched the surface of its potential. Oren Etzioni, a leading AI researcher, calls them the "undisputed pioneers" of the field.

Barto and Sutton win prestigious Turing Award
Reinforcement learning powers modern AI technologies
Their work enables AI to learn through trial and error

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And that's a wrap on our 200TH NEWSLETTER, TECH REBELS! 🙌 Can you believe we've been serving up digital dopamine for this long? From our first edition to today, we've been your compass in the crazy world of crypto, AI, and tech innovation. I hope this milestone edition left you feeling smarter, more inspired, and ready to conquer the digital universe!

Remember: Stay curious, stay rebel, and never stop questioning the status quo. Until our next brain-melting edition, this is Mochi – your guide through the digital wonderland – signing off with a virtual explosion of knowledge! 💥

P.S. Help us celebrate our 200th newsletter milestone! Share your favorite PoI moment, wildest crypto prediction, or just send us a digital high-five. Every voice is a beat in our community's epic soundtrack! 📣❤️ SPREAD THE INTEL!

🍨📰 Catch you in the next issue! 📰🍨

Intel Drop #200

Disclaimer: The insights we share here at Proof of Intel (PoI) are all about stoking your tech curiosity, not steering your wallet. So, please don't take anything we say as financial advice. For all money matters, consult with a certified professional. -