US Treasury: AI brings huge opportunities, risks to financial stability

Ernst & Young revealed billions of dollars of investments into AI technologies and the launch of a new AI-powered platform for its clients and internal personnel. 94 Total views 4 Total shares Ernst & Young (EY), one of the Big Four global professional services providers, announced the development of a new artificial intelligence (AI)-powered platform

This week, one bit of news really grabbed my attention: Dharma getting criticized for allegedly trying to capture Uniswap governance.Dharma is the company behind a crypto payments and exchange app, a sort of Ethereum-based cousin of Square’s Cash App. Or at least that’s what I previously used to describe it — if you visit the…

The House event, titled "Investigating the Collapse of FTX," will follow a similar hearing in the Senate Agriculture Committee scheduled for Dec. 1. 858 Total views 9 Total shares The United States House Financial Services Committee has announced it will be holding a hearing to investigate the events around the collapse of crypto exchange FTX.In…

The company also happened to clear a Nasdaq and NYSE listing requirement in the process. Grayscale Investments, the asset manager behind the world’s largest Bitcoin trust, announced that its Bitcoin Cash Trust and Litecoin Trust are eligible for deposit at the Depository Trust Company, the largest securities depository in the world.The Depository Trust Company (often…

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Worldcoin expands its digital ID verification technology to Austria, offering residents in Vienna access to the World ID system with multiple locations throughout the city.

Historically, the cryptocurrency market has benefited from the rise in global money supply, as the majority of bull runs in the past coincided with the rise in fiat supply. 134 Total views 6 Total shares The rising total money supply (M2) could propel crypto into another bull rally and help it outperform the traditional markets

Italian Companies and Exchange Commission has warned that Binance is not authorized to facilitate crypto investment services in the country. 1394 Total views 6 Total shares Italy's securities market regulator, the Italian Companies and Exchange Commission (CONSOB), has issued a statement stating that Binance Group and affiliated companies are not authorized to provide investment services and operate…

On May 12, the total crypto market capitalization reached its lowest close in 10 months and the metric continues to test the $1.23 trillion support level. However, the following seven days were reasonably calm while Bitcoin (BTC) gained 3.4% and Ether (ETH) added a modest 1.5%. Presently, the aggregate crypto cap stands at $1.31 trillion.Total…