Artificial Intelligence Technology Brings Benefits, Risks to Banking: Bank of America
AI has the potential to improve productivity and enhance bank returns, the report said.
Financial
Financial
Fed Minutes Release May Be a Non-Event for Bitcoin
The minutes of the Nov. 1 Fed meeting may be outdated, given the post-meeting softness in economic veri and resulting expectations for renewed interest-rate cuts in 2024.
Financial
Bitcoin Faces Headwinds As ETF Optimism Stalls; DOGE, SOL Give Back Gains
Ether (ETH) lost 0.5%, while dogecoin (DOGE) and solana (SOL) slumped as much as 5% as traders likely took profits.
Financial
Tether Deposits of $1B With UK Financial Firm Are at Center of High Court Battle: FT
Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High Court.
Financial
Canadian Regulator Seeks Feedback on Disclosure Rules for Bank Crypto Exposures
The country hopes to align local requirements with those proposed by international banking regulators.
Financial
Crypto Exchange Bittrex Global to Shut Down
All trading on the platform will be disabled on Dec. 4, several months after Bittrex’s U.S. arm filed for bankruptcy and stopped operations.
Financial
New Ethereum Layer 2 Blast Attracts $30M Hours After Bridge Goes Live
Blast boasts prominent investors Paradigm and “eGirl Capital” members among others, but there’s no way to withdraw funds until February.
Financial
Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan
On Monday, a few hours before the Celsius announcement, CoinDesk reported that the SEC wanted more information about the assets of the former crypto lender.
Financial
Polymarket Traders Betting on Sam Altman’s Fate Have Become Bipolar
24 hours ago, prediction markets were almost certain that Altman wouldn’t be back as OpenAI’s CEO. Now the market’s answer to that question has changed twice.
Financial
FTX-Backed Anthropic’s CEO Declined OpenAI’s Merger Offer: The Information
FTX bought a stake in Anthropic supposedly worth $500 million, according to an internal document circulated before last November’s bankruptcy filing.