Day: March 15, 2023

Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty

boss

Crypto bank Anchorage Digital announced it would be letting go of 75 employees, representing approximately 20% of its workforce, citing regulatory uncertainty in the United States as a factor in its decision. In a March 14 statement labeled the layoffs as “a strategic realignment to better focus our resources,” and pointed to “broad macroeconomic challenges, and crypto market volatility” as other factors contributing to its shift in strategy. It said the market conditions had boosted demand for its product and client assets under custody “are at an all-time high,” but…

ChatGPT V4 aces the bar, SATs and can identify exploits in ETH contracts

boss

GPT-4, the latest version of the Artificial Intelligence (AI) chatbot, ChatGPT, can pass high school tests and law school exams with scores ranking in the 90th percentile and has new processing capabilities that were not possible with the prior version. The figures from GPT-4’s test scores were shared on March 14 by its creator OpenAI revealing it can also convert image, audio and video inputs to text in addition to handling “much more nuanced instructions” more creatively and reliably. “It passes a simulated bar exam with a score around the…

‘I Would Sell My Bitcoin Right Into This Rally’ – Markets and Prices Bitcoin News

boss

The host of Mad Money, Jim Cramer, says he would still sell bitcoin despite the failures of major banks and growing public distrust in the banking system and the Federal Reserve. “Bitcoin is a strange animal,” he said, asserting that the price of the cryptocurrency is “being manipulated up.” Jim Cramer’s Recommendations The host of CNBC’s Mad Money show, Jim Cramer, says he would sell bitcoin into this rally as the price of BTC jumped following the collapse of several major banks. Cramer is a former hedge fund manager who…

Bitcoin BTC Price Holds Near $25K as Investors Remain Upbeat About Inflation Data, Fed Rate Hikes

Ether was changing hands just above $1,700, about where it stood on Monday, same time. The second largest cryptocurrency has roughly matched BTC’s upswing this week. Other major cryptos spent most of Tuesday healthfully in the green before flattening. APT, the token of layer 1 blockchain Aptos was recently up more than 14%. CRO, the native crypto of crypto exchange Crypto.com, rose about 6%. The CoinDesk Market Index, a measure of the crypto market’s overall performance, climbed 2.4%. Source

Signature Bank investigated for money laundering prior to demise: Report

boss

The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse. According to a March 15 Bloomberg report citing people familiar with the matter, investigators with the Justice Department were examining whether Signature took adequate measures to detect potential money laundering by its clients. It was noted the regulator was particularly concerned as to whether the bank was taking preemptive measures to monitor transactions for “signs of criminality” and properly vetting account holders. A separate probe by the Securities and Exchange Commission (SEC)…

NounsDAO Approves Proposal for Feature-Length NFT Movie

The budget for the first installment has been set at $125,000. According to the proposal, the pilot will be revealed in 90 days, after which the decentralized autonomous organization (DAO) will decide whether to continue funding the project. Nouns members will be allowed to submit story arcs and ideas for future installments. Source

DOJ and SEC to probe SVB collapse and insider stock sales: Report

boss

The United States Justice Department and the Securities Exchange Commission (SEC) have reportedly launched inquiries into the sudden collapse of Silicon Valley Bank (SVB) — which was shuttered by regulators last week amid a historic bank run.  According to “people familiar with the matter,” — cited in a March 14 report from The Wall Street Journal — the probes will look into events that led to the bank collapse, along with the stock sales SVB financial officers undertook in the weeks leading up to the closure. Securities filing show the…