Crypto VC market flashes green amid macroeconomic recession alarms
May 2023 marked the second consecutive month of crypto VC activity growth, surpassing $1 billion in funding for the first time since September 2022. Go to Source Powered by WPeMatico
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Fines and regulation: The ever-growing landscape of crypto compliance
How have the regulatory and legal frameworks governing cryptocurrency fines transformed over the years, and what are the key trends and challenges? Go to Source Powered by WPeMatico
Robinhood’s Q1 crypto revenue drops 30% from the previous year
The money coming in for the trading app’s crypto business reached $38 million over the first quarter of 2023, down from $54 million in Q1 2022. Go to Source Powered by WPeMatico
PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B
The lion’s share of the fintech’s held cryptocurrency assets lie in BTC and ETH with $499 and $362 million respectively — up more than 56% since Q4 2022. Go to Source Powered by WPeMatico
Crypto remains hopeful as market moves sideways: Report
BTC continues to trade in a narrow range, and memecoins steal the limelight from NFTs as views on the macroeconomic outlook diverge. Go to Source Powered by WPeMatico
Systemic Swiss Banks Not Ready for Crisis, Regulator Says
Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s preparedness in positive terms. 2 Swiss Banks Unable to Implement Recovery Plans, Finma Finds … Read more
Musk Mulls AI Startup to Rival Chatgpt Maker Openai, Report
Entrepreneur Elon Musk is preparing to launch a startup that will compete with Openai, the creator of Chatgpt, a media report unveiled. According to quoted knowledgeable sources, the owner of Twitter and Tesla is already assembling a team of developers and talking to investors. Elon Musk Reportedly Working to Establish Openai Rival, Registers X.AI Corp … Read more
Chatgpt Pretty Intelligent, Did Not Recommend Bitcoin, Peter Schiff Tweets
Economist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested “recession-proof” portfolio. The long-time gold proponent commented on a report claiming the chatbot has recommended “massive allocations” in precious metals. Schiff Cites Study Alleging Chatgpt Favors Gold and Cash as Investments in Recession Rigorous crypto opponent Peter Schiff … Read more
Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Latin American nations ink an agreement to reduce inflation, Brazil-based BTG Pactual launches its own dollar-pegged stablecoin, and Argentina launches yet another dollar exchange rate. Latin American Nations Sign Pact … Read more
US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto
The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls for policymakers to increase oversight. … Read more
