U.S. considers tightening restrictions on AI chip exports
Officials in the U.S. are considering restricting the level of computing power on chips to lessen the flow of AI chips available in the Chinese market. Go to Source Powered by WPeMatico
Month: June 2023
Crypto debanking could drive industry underground: Australia Treasury
The Australian government is addressing the risks of cutting banking services to crypto exchanges amid flurry of banks restricting certain services over scams. Go to Source Powered by WPeMatico
ChatGPT maker Open AI hit with class-action lawsuit over alleged data theft
AI tech has gained a lot of traction over the past year so much so that the EU and US have already proposed legislation around the nascent tech. Go to Source Powered by WPeMatico
Bitcoin speculators send 35K BTC to exchanges in new ‘elation inflow’
Bitcoin short-term holders are keenly eyeing potential BTC selling opportunities, even as their average profits total a modest 10%. Go to Source Powered by WPeMatico
North Carolina House passes bill to commission study on holding Bitcoin
The study would examine the possible impact of holding crypto and how the state would custody a digital currency. Go to Source Powered by WPeMatico
Major US banks get passing grade in ‘severe recession’ stress test
America’s central bank has been stress-testing retail banks in the wake of several high-profile banking collapses earlier this year. Go to Source Powered by WPeMatico
BlackRock lauds AI as ‘mega force’ to drive returns
AI could prove to be a boon for investors looking for gains in today’s “unusual” market. Go to Source Powered by WPeMatico
Italy’s central bank calls for framework to prevent stablecoin runs
Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.” Go to Source Powered by WPeMatico
Hester Peirce: US crypto laws can’t assume ‘everything is a financial asset’
SEC commissioner Hester Peirce discussed a possible U.S. crypto legal framework, giving a reminder that not all uses are financial. Go to Source Powered by WPeMatico
FTX reboot on the way: CEO holds talks with ‘interested parties’ — Report
FTX is inching closer to a potential reboot, with CEO John Ray reportedly opening up the floor to bidders looking to finance the new venture. Go to Source Powered by WPeMatico