FDIC Rejects Report: Signature Bank Crypto Buyer No Divestment Needed
The FDIC has denied reports that any potential buyer of Signature Bank would be required to divest its crypto activities. They have recently commented on the receivership of a bank. A spokesperson initially said they couldn't comment, but a different spokesperson later said that the receivership will not end until all the bank's assets are sold and all the claims...
Fed’s Balance Sheet Expansion: Not QE
The Federal Reserve has seen a sharp increase in its balance sheet, leading crypto Twitter to speculate that the world's most powerful central bank has restarted its quantitative easing (QE) program. QE involves buying assets such as government bonds and mortgage-backed securities to inject liquidity into the financial system. After the 2008 crash and the March 2020 crash, the...
Elon Musk Outraged Over OpenAI’s $30B Market Cap
Elon Musk has expressed his confusion and concern over OpenAI, a non-profit to which he donated $100 million, becoming a $30 billion market cap for-profit. Musk worries about the dangers of artificial intelligence, and agrees with A.I. expert Max Tegmark's statement that an unregulated race to the bottom will end badly for the human race. Musk's comments have sparked...
Cybercrime: How ChatGPT Is Used as Scam
ChatGPT is a new type of scam that is making it easier for scammers to deceive consumers. According to the Better Business Bureau's president and CEO, Jason Bartholomy, ChatGPT scams involve phishing and impersonation, such as scammers posing as Amazon and sending emails notifying customers that accounts have been deactivated and requesting personal information. He warns that it is...
Navigating the Twisted Withdrawal Maze: A Comprehensive Guide to Transferring Your Crypto from Binance
Moving funds out of your Binance account is easy, but you have to follow the right steps to ensure that you don’t accidentally lose your money. This article will go through the withdrawal process, depending on the blockchain, cryptocurrency, or fiat you’d like to withdraw and answer some frequently asked questions. Withdrawing cryptocurrency from Binance requires going through several steps....
Humans Outsmart ChatGPT in Phishing Attacks
A recent study of over 53,000 email users in over 100 countries found that human social engineers outperform AI in inducing clicks on malicious links. The ratio between success rates of phishing emails created by humans and ChatGPT was significant, with human “red teamers” inducing a 4.2% click rate versus a 2.9% click rate by ChatGPT. This means that...
Advancing AI: Meta’s Largest Investment
In order to advance artificial intelligence, Meta, formerly known as "Facebook," has declared that this will be its top investment goal. This announcement is a part of Meta's effort to create the metaverse, a new type of internet. In a letter to staff Tuesday, CEO Mark Zuckerberg announced plans to lay off 10,000 employees in the coming months. This follows...
21Shares Shuts Down 6 Crypto ETPs Due to Low Demand
21Shares, a Swiss-based issuer of crypto-based exchange-traded products (ETPs), has announced the closure of six of its products. These include the 21Shares Crypto Layer 1 ETP (LAY1), the 21Shares DeFi 10 Infrastructure ETP (DEFII), 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC), the 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH) and the 21Shares USD Yield ETP (USDY). The...
Bitcoin Steady Above $24,500 After Swiss Bank Bailout
Bitcoin has remained steady above $24,500 after the Swiss National Bank agreed to lend troubled investment bank Credit Suisse about $50 billion. Investors are hopeful that the U.S. central bank will turn more dovish at its next rate-setting meeting, and BTC has been trading between $24,000 and $25,000 since Tuesday afternoon. The largest cryptocurrency by market capitalization is up...
Beware of MitM Attacks While Freely Surfing the Web: Guidelines to Protect Yourself from Cookies Theft, Session Hijacking, and WiFi Eavesdropping
Free public WiFi may seem like a great convenience in our busy lives, providing us with access to the internet on the go. Many public spaces, such as airports, cafes, and hotels, offer free internet connection as an incentive for their customers. For travelers and business professionals, this could be quite useful, allowing them to stay connected with their...
