Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey
A survey from the Financial Industry Regulatory Authority (FINRA) suggests that new crypto investors tended to be swayed by suggestions from friends, compared to equities or bond investors.
2 reasons why Bitcoin Ordinals are ‘positive’ for the BTC: Grayscale
Ordinals have been a controversial topic within the Bitcoin community but crypto investment firm Grayscale says there’s two main reasons to be optimistic.
FDIC pins Signature Bank's failure on poor governance and illiquidity
FDIC blamed SBNY’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies.
FDIC alleges Cross River engaged in 'unsafe' lending practices
Cross River is yet to admit nor deny the allegations that it “engaged in the unsafe or unsound banking practices” related to its lending activity in 2021.
Tencent Cloud to reportedly offer deepfake creation tool at $145
Tencent Cloud’s deepfake creation service can analyze and train itself on three-minute videos and 100 voice clips to produce a convincing deepfake video within 24 hours.
OpenAI’s ChatGPT re-enters Italy after obliging transparency demands
The revocation of the ban in Italy required ChatGPT to reveal its data processing practices and implement age-gating measures among other legal requirements.
Congressman McHenry announces joint hearings to address market structure around digital assets
Patrick McHenry suggested that the hearings will look to add to the regulatory efforts being done on the bipartisan bill led by Senator Cynthia Lummis and Senator Kirsten Gillibrand.
Fed, NYDFS assess their supervisory performance after March’s big bank failures
Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.
Crypto Biz: Google bullish on blockchain, UK’s $125M AI pledge, Voyager and Binance
This week’s Crypto Biz explores Google expanding its Web3 program, the U.K.’s $125 AI pledge, FTX selling LedgerX and Binance.US backing out of its Voyager purchase.
Where crypto can grow: Digital asset regulations around the world
While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around.
Google Cloud to optimize Polygon zkEVM scaling performance
Polygon Labs and Google Cloud will team up in a multi-year agreement to drive the development and adoption of the Ethereum scaling protocol’s infrastructure and developer tools.
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