Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors.
😊While the federal government’s proactive approach to minimizing damage was appreciated, many pointed out that taxpayers would ultimately suffer the depositors’ bailout.
The overnight collapse of two major traditional banks — Silicon Valley Bank (SVB) and Signature Bank — triggered a series of events that impacted millions of businesses, venture capitalists and bottom-line investors alike. However, United States President Joe Biden assured taxpayers that they would not feel the burn as the federal government takes action to protect depositors.
🔍On March 11, major stablecoins, including USD Coin, USDD (USDD) and Dai, depegged from the U.S. dollar after Circle announced that $3.3 billion of its $40 billion reserves were stuck in SVB.
Knowing that numerous other entities tied to the collapsing banks may suffer irreparable damage, Biden announced, on March 12, his commitment to hold the responsible people accountable for the event.🧐
😜While the federal government’s proactive approach to minimizing damage was appreciated, many pointed out that it’s the taxpayers that would ultimately suffer the depositors’ bailout. On March 13, Biden addressed concerns through a tweet:
Biden assured American citizens that the traditional financial system was safe after the federal intervention. He further stated that taxpayers would not be burdened for saving SVB and Signature Bank depositors:
“People’s deposits will be there when they need them – at no cost to the taxpayer.”💁♂️
However, Biden’s followers on Twitter were not completely sold on this idea, as many pointed out that “everything you do or touch costs the taxpayer!”
In parallel, the U.S. Federal Reserve is closely investigating the factors that led to the failure of SVB, including how it supervised and regulated the now-collapsed financial institution.
😊While the federal government’s proactive approach to minimizing damage was appreciated, many pointed out that taxpayers would ultimately suffer the depositors’ bailout.
The overnight collapse of two major traditional banks — Silicon Valley Bank (SVB) and Signature Bank — triggered a series of events that impacted millions of businesses, venture capitalists and bottom-line investors alike. However, United States President Joe Biden assured taxpayers that they would not feel the burn as the federal government takes action to protect depositors.
🔍On March 11, major stablecoins, including USD Coin, USDD (USDD) and Dai, depegged from the U.S. dollar after Circle announced that $3.3 billion of its $40 billion reserves were stuck in SVB.
Knowing that numerous other entities tied to the collapsing banks may suffer irreparable damage, Biden announced, on March 12, his commitment to hold the responsible people accountable for the event.🧐
😜While the federal government’s proactive approach to minimizing damage was appreciated, many pointed out that it’s the taxpayers that would ultimately suffer the depositors’ bailout. On March 13, Biden addressed concerns through a tweet:
Biden assured American citizens that the traditional financial system was safe after the federal intervention. He further stated that taxpayers would not be burdened for saving SVB and Signature Bank depositors:
“People’s deposits will be there when they need them – at no cost to the taxpayer.”💁♂️
However, Biden’s followers on Twitter were not completely sold on this idea, as many pointed out that “everything you do or touch costs the taxpayer!”
In parallel, the U.S. Federal Reserve is closely investigating the factors that led to the failure of SVB, including how it supervised and regulated the now-collapsed financial institution.
🔥 INVEST & WIN WITH SwissCheese 🔥
Don't miss a chance to win $2000 by investing in $SWCT exclusively on our ICO! Let's enjoy the possibilities open by SwissCheese together!
Giveaway Details:👇🏻
🎁Prizes:
Win up to $2000
⏳The contest starts on 10.03.2023
⏳The contest ends on 18.03.2023
How to participate?
🔹Follow SwissCheese on Twitter: @Swisscheese_fn
🔹Follow SwissCheese on Telegram :
t.me/Swisscheese_finance
🔹Buy $10 worth of $SWCT
🔹Generate a Screenshot link, that you purchased out token
🔹Insert the link at step 4️⃣: https://gleam.io/1Ik5U/swisscheesefinance-giveaway
❓How to buy $SWCT:
1. Go to: https://swisscheese.finance/token-sale
2. Click „Buy $SWCT“
3. Connect Wallet
4. And purchase $SWCT for $MATIC on a Pre-Sale (Round 2)
❓How to generate a screenshot link:
1. Make a screenshot on your computer/Phone
2. Upload one of the following extensions:
- Lightshot
- Joxi
- ScreenShooter
- Monosnap
- etc
3. Generate a link inside the app
❗️Note: Only when ALL the conditioned are fulfilled , it will be counted as a valid chance for winning❗️
🔥Stay competitive, spread the word about SwissCheese!🔥
Don't miss a chance to win $2000 by investing in $SWCT exclusively on our ICO! Let's enjoy the possibilities open by SwissCheese together!
Giveaway Details:👇🏻
🎁Prizes:
Win up to $2000
⏳The contest starts on 10.03.2023
⏳The contest ends on 18.03.2023
How to participate?
🔹Follow SwissCheese on Twitter: @Swisscheese_fn
🔹Follow SwissCheese on Telegram :
t.me/Swisscheese_finance
🔹Buy $10 worth of $SWCT
🔹Generate a Screenshot link, that you purchased out token
🔹Insert the link at step 4️⃣: https://gleam.io/1Ik5U/swisscheesefinance-giveaway
❓How to buy $SWCT:
1. Go to: https://swisscheese.finance/token-sale
2. Click „Buy $SWCT“
3. Connect Wallet
4. And purchase $SWCT for $MATIC on a Pre-Sale (Round 2)
❓How to generate a screenshot link:
1. Make a screenshot on your computer/Phone
2. Upload one of the following extensions:
- Lightshot
- Joxi
- ScreenShooter
- Monosnap
- etc
3. Generate a link inside the app
❗️Note: Only when ALL the conditioned are fulfilled , it will be counted as a valid chance for winning❗️
🔥Stay competitive, spread the word about SwissCheese!🔥
Betting on turmoil: Deribit launches Bitcoin volatility futures.
Volatility products are popular with traditional investors, as they enable portfolio hedging, risk management and speculation.
🔍Crypto derivatives exchange Deribit will soon launch Bitcoin volatility futures, giving investors a direct way to measure and trade BTC market volatility.
On March 17, Deribit introduced BTC DVOL futures — a derivatives contract built on the Deribit Bitcoin Volatility Index, which measures the implied volatility of the largest cryptocurrency. Deribit’s volatility gauge provides a 30-day outlook on investors’ expectations for annualized volatility.😇
Like other volatility products, BTC DVOL can potentially help traders with risk management, portfolio hedging or market speculation.
Volatility-as-an-asset is widely traded in traditional finance, with the most popular product being the Chicago Board Options Exchange Volatility Index, also known as VIX. The VIX fluctuates on a scale of 1–100, with 20 representing the historical average. Readings below 20 signal lower implied volatility than the historical mean. Readings above 20 are usually associated with more turbulent financial conditions, while anything above 30 signals significant market volatility, usually due to uncertainty, risk or investor fear.
👉VIX measures the volatility of S&P 500 index options, a leading indicator of the U.S. stock market.
Bitcoin and the broader crypto markets have exhibited extreme volatility over the past 12 months. The period known as crypto winter is usually associated with deep corrections in digital asset prices following an over-extended bullish phase.
Although crypto investment products experienced record outflows last week following the collapse of Silicon Valley Bank and Signature Bank, regulatory clarity on investor deposits has helped Bitcoin stage a large relief rally. Bitcoin’s price crossed $27,000 💸 on March 17 for the first time in over nine months.
Volatility products are popular with traditional investors, as they enable portfolio hedging, risk management and speculation.
🔍Crypto derivatives exchange Deribit will soon launch Bitcoin volatility futures, giving investors a direct way to measure and trade BTC market volatility.
On March 17, Deribit introduced BTC DVOL futures — a derivatives contract built on the Deribit Bitcoin Volatility Index, which measures the implied volatility of the largest cryptocurrency. Deribit’s volatility gauge provides a 30-day outlook on investors’ expectations for annualized volatility.😇
Like other volatility products, BTC DVOL can potentially help traders with risk management, portfolio hedging or market speculation.
Volatility-as-an-asset is widely traded in traditional finance, with the most popular product being the Chicago Board Options Exchange Volatility Index, also known as VIX. The VIX fluctuates on a scale of 1–100, with 20 representing the historical average. Readings below 20 signal lower implied volatility than the historical mean. Readings above 20 are usually associated with more turbulent financial conditions, while anything above 30 signals significant market volatility, usually due to uncertainty, risk or investor fear.
👉VIX measures the volatility of S&P 500 index options, a leading indicator of the U.S. stock market.
Bitcoin and the broader crypto markets have exhibited extreme volatility over the past 12 months. The period known as crypto winter is usually associated with deep corrections in digital asset prices following an over-extended bullish phase.
Although crypto investment products experienced record outflows last week following the collapse of Silicon Valley Bank and Signature Bank, regulatory clarity on investor deposits has helped Bitcoin stage a large relief rally. Bitcoin’s price crossed $27,000 💸 on March 17 for the first time in over nine months.
This media is not supported in your browser
VIEW IN TELEGRAM
⏺ Complaining about "Crypto Winter"?
Nowhere to get X's back? You're missing BIG numbers if you're not in Multimining!
You don't have experience in mining? No farm with employees to support?
❗️DOESN'T MATTER! You have Liquid Mining App.
Liquid Mining is a network of largest data centers around the world with single goal — make revolution in mining.
❓How you will do it?
You will mine coins in pre-mine stage before IDO and ICOs when mining rewards are huge in terms of volume of coins per block. Once projects are listed on crypto exchange - you sell and make profit.
The development team behind Liquid Mining was pre-mining:
— Ergo - 631%
— FLUX - 402%
— FIRO - 457%
— TONCOIN - 531%
— Neoxa - 1214%
— Nexa - 318%
— Zano - 264%
— Rvn - 597%
— CFX - 417%
— Kaspa - 837%
🗣 With more than 6 years of close work with crypto startups — they know how to choose profitable ones.
✅ The average profit for users is now at 400%+/year!
Telegram | Twitter | Discord | Website
Nowhere to get X's back? You're missing BIG numbers if you're not in Multimining!
You don't have experience in mining? No farm with employees to support?
❗️DOESN'T MATTER! You have Liquid Mining App.
Liquid Mining is a network of largest data centers around the world with single goal — make revolution in mining.
❓How you will do it?
You will mine coins in pre-mine stage before IDO and ICOs when mining rewards are huge in terms of volume of coins per block. Once projects are listed on crypto exchange - you sell and make profit.
The development team behind Liquid Mining was pre-mining:
— Ergo - 631%
— FLUX - 402%
— FIRO - 457%
— TONCOIN - 531%
— Neoxa - 1214%
— Nexa - 318%
— Zano - 264%
— Rvn - 597%
— CFX - 417%
— Kaspa - 837%
🗣 With more than 6 years of close work with crypto startups — they know how to choose profitable ones.
✅ The average profit for users is now at 400%+/year!
Telegram | Twitter | Discord | Website
Project claiming to be ‘AI-powered’ drains $1M from users.
The project, Harvest Keeper💁, claimed to optimize trading processes and promised a 101% return on investment within 21 days.
As artificial intelligence (AI) recently became a trending topic due to the capabilities displayed by ChatGPT v4, a project claiming to be an “AI-based” decentralized application has taken almost $1 million from its users in a suspected scam.
🧐Blockchain security platform CertiK has recently confirmed that Harvest Keeper has stolen around $933,000 of users’ assets at the time of writing. In addition, users have also lost around $219,000 from ice phishing transactions across the Ethereum, BNB Chain and Polygon networks, according to CertiK. The security firm urged users to revoke the permissions they gave the project and warned people to stop interacting with its website.🖐
Harvest Keeper claims to be an AI project that “optimizes the trading process for maximum payout” and promises a 4.81% return on user deposits. On its website, the platform promises a 101% return on investment within 21 days and an 8% referral reward. The project has almost 30,000 followers on Twitter and more than 32,000 followers on its Telegram channel.
👉Meanwhile, as the ChatGPT hype resurfaced on Twitter, dozens of accounts claiming to be related to “CryptoGPT” have emerged on the social platform. On March 10, a hashtag associated with a token project called “CryptoGPT” was trending on Twitter. With it, several similar accounts have emerged, with some advertising fake giveaways. Dozens of Twitter accounts with a similar name have also plagued the social platform, with some offering giveaways and airdrops suspected to be fake.
As the newest version of ChatGPT showed that it could audit smart contracts on Ethereum, many speculated whether it could eventually replace developers. 🌸
The project, Harvest Keeper💁, claimed to optimize trading processes and promised a 101% return on investment within 21 days.
As artificial intelligence (AI) recently became a trending topic due to the capabilities displayed by ChatGPT v4, a project claiming to be an “AI-based” decentralized application has taken almost $1 million from its users in a suspected scam.
🧐Blockchain security platform CertiK has recently confirmed that Harvest Keeper has stolen around $933,000 of users’ assets at the time of writing. In addition, users have also lost around $219,000 from ice phishing transactions across the Ethereum, BNB Chain and Polygon networks, according to CertiK. The security firm urged users to revoke the permissions they gave the project and warned people to stop interacting with its website.🖐
Harvest Keeper claims to be an AI project that “optimizes the trading process for maximum payout” and promises a 4.81% return on user deposits. On its website, the platform promises a 101% return on investment within 21 days and an 8% referral reward. The project has almost 30,000 followers on Twitter and more than 32,000 followers on its Telegram channel.
👉Meanwhile, as the ChatGPT hype resurfaced on Twitter, dozens of accounts claiming to be related to “CryptoGPT” have emerged on the social platform. On March 10, a hashtag associated with a token project called “CryptoGPT” was trending on Twitter. With it, several similar accounts have emerged, with some advertising fake giveaways. Dozens of Twitter accounts with a similar name have also plagued the social platform, with some offering giveaways and airdrops suspected to be fake.
As the newest version of ChatGPT showed that it could audit smart contracts on Ethereum, many speculated whether it could eventually replace developers. 🌸
🏆 New project: PassimPay
🎁 About: Receive and send cryptocurrency payments with PassimPay securely and quickly
📑 Information:
🔘 We offer a user-friendly cryptocurrency payment system for personal and business purposes. It is a simple, intuitive multifunction tool that will help improve your financial management.
🔘 With PassimPay, you get access to the world's biggest financial market, instant payments to and from millions of users worldwide, safe crypto storage, which supports over 20 coins and much more.
✅ What we Offer:-
◾️ Instant transactions.
◾️ Scheduled and Auto payments, templates, whitelists and other settings.
◾️ Floating withdrawal fees between 0.1% and 1% for personal and never more than 3.5% for business accounts.
◾️ Account and transaction security: 2FA, IP-tracking, Master key, Alarm system, etc.
◾️ Simple API integration for any website.
◾️ Tutorial videos and detailed guides on registration, API integration, etc.
📢 Simple. Convenient. Reliable. Enjoy all the benefits of cryptocurrencies with PassimPay. Sign up here!
🌐 Don't forget to follow us on Telegram and Discord
🎁 About: Receive and send cryptocurrency payments with PassimPay securely and quickly
📑 Information:
🔘 We offer a user-friendly cryptocurrency payment system for personal and business purposes. It is a simple, intuitive multifunction tool that will help improve your financial management.
🔘 With PassimPay, you get access to the world's biggest financial market, instant payments to and from millions of users worldwide, safe crypto storage, which supports over 20 coins and much more.
✅ What we Offer:-
◾️ Instant transactions.
◾️ Scheduled and Auto payments, templates, whitelists and other settings.
◾️ Floating withdrawal fees between 0.1% and 1% for personal and never more than 3.5% for business accounts.
◾️ Account and transaction security: 2FA, IP-tracking, Master key, Alarm system, etc.
◾️ Simple API integration for any website.
◾️ Tutorial videos and detailed guides on registration, API integration, etc.
📢 Simple. Convenient. Reliable. Enjoy all the benefits of cryptocurrencies with PassimPay. Sign up here!
🌐 Don't forget to follow us on Telegram and Discord
Venezuela’s Maduro Purges Crypto Offices of ‘Mafia’ Influences – ‘Hundreds’ Arrested🇻🇪
☠️Venezuela’s President Nicolás Maduro says he has “purged mafia influences” from his government’s crypto regulators after overseeing the arrest of one of his former right-hand men.
👮Earlier this week, Maduro green-lighted the arrest of Joselit Ramírez, the head of the Superintendencia Nacional de Criptomonedas (Sunacrip).
Sunacrip is the government body that supervises crypto-related policy.
🚓The long-serving Ramírez was one of Maduro’s key allies and helped launch the state-run Petro (PTR) cryptoasset, as well as the Patria crypto remittances platform.
Several other state officials were also arrested.
📺In a televised address, Maduro stated that the former Sunacrip chief was being investigated over the disappearance of some $3 million worth of public funds.
☠️Venezuela’s President Nicolás Maduro says he has “purged mafia influences” from his government’s crypto regulators after overseeing the arrest of one of his former right-hand men.
👮Earlier this week, Maduro green-lighted the arrest of Joselit Ramírez, the head of the Superintendencia Nacional de Criptomonedas (Sunacrip).
Sunacrip is the government body that supervises crypto-related policy.
🚓The long-serving Ramírez was one of Maduro’s key allies and helped launch the state-run Petro (PTR) cryptoasset, as well as the Patria crypto remittances platform.
Several other state officials were also arrested.
📺In a televised address, Maduro stated that the former Sunacrip chief was being investigated over the disappearance of some $3 million worth of public funds.
This media is not supported in your browser
VIEW IN TELEGRAM
The presale and beta testing phases of Liquid Mining are coming to a successful end!
Taking into account that public sale start and beta testing end will happen in a same span of time, users will receive their rewards for participating in the referral system during April.
🇹🇭 Liquid Mining THA
The CEO of Liquid Mining is also providing users with essential educational videos on basics of cryptocurrency mining. This means that even the newbie in crypto can easily access the platform and start getting profits!
Twitter | Discord | Website | Chat | IOS app | Android app
Please open Telegram to view this post
VIEW IN TELEGRAM
🌐 Introducing CribX: The Future of Web3 Entertainment 🌐
Are you ready to get paid while watching movies? 🍿💸
CribX is a cutting-edge web3 entertainment ecosystem, led by multi-award-winning actor and filmmaker, Anthony Hayes (GOLD starring Zac Efron).
Expanding beyond borders, CribX integrates with multiple web3 communities to offer virtual entertainment via:
🔹 Cri3X Virtual Cinema Chain
🔹 Film IP P2E Gaming
🔹 Musical Events
🔹 Screening Parties
🔹 VR Avatar Experiences in the Metaverse
CribX has teamed up with Polygon Labs to deliver unparalleled virtual experiences across the Metaverse! 🌌
Our platform offers:
📺 Smart TV & Mobile App
🎦 Multi-Metaverse Virtual Cinema Chain
🎥 Original Blockbuster Film Franchise
🕹 P2E Gaming Experiences
📈 Watch2Earn Streaming Platform
🎶 Live AR Music Events with Big Names
🖼 NFTs
🤝 Huge Metaverse Partners
🗺 Stacked Roadmap
👥 Doxxed Team
🔒 Contract Audited by Solidproof
📣 Marketing Partnership with Ninjapromo.io
Despite the fact that CribX has already launched its token on March 23, 2023, you can still take part and be a part of the thrill.
Don't miss out on this exciting opportunity! 🚀
The micro-transactional token will be integral to the entire ecosystem, supporting:
🎮 In-game upgrades
🏆 P2E
🎟 Live music tickets and merch
🎞 Watch2Earn streaming platform
🎭 Movie premieres in our virtual cinema chain
A robust business model and watch-to-earn mechanics will enable widespread adoption, making investing in Cribx tokens an excellent choice.
🎁 Don't miss out on the CriBX giveaway! 🎁
5 lucky winners will each receive 100 USDT! To participate, simply subscribe to the project's social media channels. Enter now via this link: https://gleam.io/bEWXA/cri3x-launch-giveaway
Don't wait – visit the website and buy Cribx tokens at the early stage for maximum benefits!
👉 https://bit.ly/42CZCribX
👉 Telegram group: https://bit.ly/3JZMCribX
Are you ready to get paid while watching movies? 🍿💸
CribX is a cutting-edge web3 entertainment ecosystem, led by multi-award-winning actor and filmmaker, Anthony Hayes (GOLD starring Zac Efron).
Expanding beyond borders, CribX integrates with multiple web3 communities to offer virtual entertainment via:
🔹 Cri3X Virtual Cinema Chain
🔹 Film IP P2E Gaming
🔹 Musical Events
🔹 Screening Parties
🔹 VR Avatar Experiences in the Metaverse
CribX has teamed up with Polygon Labs to deliver unparalleled virtual experiences across the Metaverse! 🌌
Our platform offers:
📺 Smart TV & Mobile App
🎦 Multi-Metaverse Virtual Cinema Chain
🎥 Original Blockbuster Film Franchise
🕹 P2E Gaming Experiences
📈 Watch2Earn Streaming Platform
🎶 Live AR Music Events with Big Names
🖼 NFTs
🤝 Huge Metaverse Partners
🗺 Stacked Roadmap
👥 Doxxed Team
🔒 Contract Audited by Solidproof
📣 Marketing Partnership with Ninjapromo.io
Despite the fact that CribX has already launched its token on March 23, 2023, you can still take part and be a part of the thrill.
Don't miss out on this exciting opportunity! 🚀
The micro-transactional token will be integral to the entire ecosystem, supporting:
🎮 In-game upgrades
🏆 P2E
🎟 Live music tickets and merch
🎞 Watch2Earn streaming platform
🎭 Movie premieres in our virtual cinema chain
A robust business model and watch-to-earn mechanics will enable widespread adoption, making investing in Cribx tokens an excellent choice.
🎁 Don't miss out on the CriBX giveaway! 🎁
5 lucky winners will each receive 100 USDT! To participate, simply subscribe to the project's social media channels. Enter now via this link: https://gleam.io/bEWXA/cri3x-launch-giveaway
Don't wait – visit the website and buy Cribx tokens at the early stage for maximum benefits!
👉 https://bit.ly/42CZCribX
👉 Telegram group: https://bit.ly/3JZMCribX
🔥 G2Token is running a Giveaway with P2B right now!
Prize fund 150 USDT in G2TOKENs - 5 winners 30 USDT each
🔸Giveway dates: 23.03 - 29.03
🔸Winners: 5 participants, each will receive 30 USDT in G2TOKENs
🔥Get your bounties, participate via the link: https://sweepwidget.com/c/g2token
Prize fund 150 USDT in G2TOKENs - 5 winners 30 USDT each
🔸Giveway dates: 23.03 - 29.03
🔸Winners: 5 participants, each will receive 30 USDT in G2TOKENs
🔥Get your bounties, participate via the link: https://sweepwidget.com/c/g2token
Custodia Bank’s membership denied for ties with crypto markets, says US Fed.💸
The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank’s application for membership.
The United States🇺🇸 Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank’s application for membership in January, including the bank’s involvement in the crypto space.
According to the report, the Fed’s board has raised “concerns about banks with business plans focused on a narrow sector of the economy,” with a high concentration of activities related to the crypto industry. The report states👇:
💁“Those concerns are further elevated with respect to Custodia because it is an uninsured depository institution seeking to focus almost exclusively on offering products and services related to the crypto-asset sector, which presents heightened illicit finance and safety and soundness risks.“
The document also states that Fed members must align their risk management systems and controls with the activities described in their business plans. Based on the Fed’s purview, “Custodia had not yet developed a sufficient risk-management framework for its proposed crypto asset-related activities, nor had it addressed the highly correlated risks associated with its undiversified business model.“
If accepted as a member of the Fed system, Custodia Bank would be further forbidden to run crypto-related services “given the speculative and volatile nature of the crypto-asset ecosystem” that is not consistent with the purposes of the Federal Reserve Act.“ The report states👇:
“Further, if the Board were to approve Custodia’s membership application, it would prohibit Custodia from engaging in a number of the novel and unprecedented activities it proposes to conduct —at least until such time as the activities conducted as principal are permissible for national banks.“
In response to the report, Custodia Bank’s🏦 spokesperson Nathan Miller told Cointelegraph the “recently released Fed order is the result of numerous procedural abnormalities, factual inaccuracies that the Fed refused to correct, and general bias against digital assets.“
The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank’s application for membership.
The United States🇺🇸 Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank’s application for membership in January, including the bank’s involvement in the crypto space.
According to the report, the Fed’s board has raised “concerns about banks with business plans focused on a narrow sector of the economy,” with a high concentration of activities related to the crypto industry. The report states👇:
💁“Those concerns are further elevated with respect to Custodia because it is an uninsured depository institution seeking to focus almost exclusively on offering products and services related to the crypto-asset sector, which presents heightened illicit finance and safety and soundness risks.“
The document also states that Fed members must align their risk management systems and controls with the activities described in their business plans. Based on the Fed’s purview, “Custodia had not yet developed a sufficient risk-management framework for its proposed crypto asset-related activities, nor had it addressed the highly correlated risks associated with its undiversified business model.“
If accepted as a member of the Fed system, Custodia Bank would be further forbidden to run crypto-related services “given the speculative and volatile nature of the crypto-asset ecosystem” that is not consistent with the purposes of the Federal Reserve Act.“ The report states👇:
“Further, if the Board were to approve Custodia’s membership application, it would prohibit Custodia from engaging in a number of the novel and unprecedented activities it proposes to conduct —at least until such time as the activities conducted as principal are permissible for national banks.“
In response to the report, Custodia Bank’s🏦 spokesperson Nathan Miller told Cointelegraph the “recently released Fed order is the result of numerous procedural abnormalities, factual inaccuracies that the Fed refused to correct, and general bias against digital assets.“
SEC chief Gary Gensler to face Congress grilling over crypto policy.🧑✈️
💁The chair of the Financial Services Committee said its primary focus would be setting the groundwork for crypto regulations in the United States.
The United States Securities and Exchange Commission (SEC) chief Gary Gensler is set to testify before the House Financial Services Committee for the first time.
In an interview, Representative Patrick McHenry, chairman of the Financial Services Committee, confirmed that the SEC chief would have to face questions on April 18 over his approach toward the crypto ecosystem.🌿
The House Financial Services Committee has jurisdiction over all aspects of the U.S. financial services sector, including banking, securities and digital assets.
🔍During his interview, McHenry noted that it would be the first oversight hearing of the SEC. The hearing will be focused on Gensler’s rulemaking and approach toward crypto assets. He added that the committee will have sizeable general oversight over the SEC and would take a serious approach in terms of “laying down a regulatory sphere for digital assets.”
The SEC chief’s approach toward crypto has turned many heads over the years, with many Democratic party members voicing their concern about his approach. Some in the crypto industry believe the party’s anti-crypto stance could be disastrous for its 2024 election campaign.
😵Dennis Porter, the co-founder of the Satoshi Action Fund, said that many pro-crypto and pro-Bitcoin Democrats are lining up to voice their opposition to the party’s stance.
U.S. regulators have taken a hard stance on crypto in the first months of 2023, with the SEC issuing Wells notices to several crypto firms, including Coinbase. 🙂The Commodity Futures Trading Commission has also filed a new lawsuit against Binance. However, the crypto community has always highlighted that regulations would be decided by Congress, not individual agencies.
💁The chair of the Financial Services Committee said its primary focus would be setting the groundwork for crypto regulations in the United States.
The United States Securities and Exchange Commission (SEC) chief Gary Gensler is set to testify before the House Financial Services Committee for the first time.
In an interview, Representative Patrick McHenry, chairman of the Financial Services Committee, confirmed that the SEC chief would have to face questions on April 18 over his approach toward the crypto ecosystem.🌿
The House Financial Services Committee has jurisdiction over all aspects of the U.S. financial services sector, including banking, securities and digital assets.
🔍During his interview, McHenry noted that it would be the first oversight hearing of the SEC. The hearing will be focused on Gensler’s rulemaking and approach toward crypto assets. He added that the committee will have sizeable general oversight over the SEC and would take a serious approach in terms of “laying down a regulatory sphere for digital assets.”
The SEC chief’s approach toward crypto has turned many heads over the years, with many Democratic party members voicing their concern about his approach. Some in the crypto industry believe the party’s anti-crypto stance could be disastrous for its 2024 election campaign.
😵Dennis Porter, the co-founder of the Satoshi Action Fund, said that many pro-crypto and pro-Bitcoin Democrats are lining up to voice their opposition to the party’s stance.
U.S. regulators have taken a hard stance on crypto in the first months of 2023, with the SEC issuing Wells notices to several crypto firms, including Coinbase. 🙂The Commodity Futures Trading Commission has also filed a new lawsuit against Binance. However, the crypto community has always highlighted that regulations would be decided by Congress, not individual agencies.
Crypto exchange Bittrex to wind down operations in the US.
😁The exchange shared that all customer funds are safe but advised U.S. customers to withdraw their funds by April 30, 2023.
Cryptocurrency exchange Bittrex has announced it will be winding down its operations in the United States due to a challenging regulatory and economic environment. The announcement was made on the platform’s ninth anniversary, marking a bittersweet moment for the company. 😧
💁Co-founder and CEO Richie Lai said that as the crypto ecosystem evolved, regulatory requirements have become increasingly “unclear” and “enforced, without appropriate discussion or input,” leading to an uneven competitive landscape. This environment has made it economically unviable for Bittrex to continue its operations in the United States.
The company’s founders have decided to focus on helping Bittrex Global succeed outside the United States. Bittrex clarified that U.S. customers don’t have to worry about the safety of their funds, as all of their capital is safe and available for withdrawal. The platform shared that it will permit trading until April 14, 2023, but advised customers to withdraw all funds by April 30, 2023.
👉Founded in 2014 by three cybersecurity engineers, Bittrex offered features like full-service API, near-instant atomic transactions, wallet infrastructure and offline cold wallet solutions.
The winding down of Bittrex’s U.S. operations is a reminder of the challenges faced by cryptocurrency businesses navigating an uncertain regulatory environment.😆
On March 3, Ripple CEO Brad Garlinghouse warned that the Securities and Exchange Commission’s regulatory approach puts the U.S. at “severe risk” of missing out on being an attractive hub for the next evolution of blockchain and crypto innovation.
🔍In a Bloomberg interview, Garlinghouse suggested that the crypto industry has “already started moving outside” of the U.S. because the country’s crypto regulation is “behind” other nations like Australia, Japan, the United Kingdom, Singapore and Switzerland.
😁The exchange shared that all customer funds are safe but advised U.S. customers to withdraw their funds by April 30, 2023.
Cryptocurrency exchange Bittrex has announced it will be winding down its operations in the United States due to a challenging regulatory and economic environment. The announcement was made on the platform’s ninth anniversary, marking a bittersweet moment for the company. 😧
💁Co-founder and CEO Richie Lai said that as the crypto ecosystem evolved, regulatory requirements have become increasingly “unclear” and “enforced, without appropriate discussion or input,” leading to an uneven competitive landscape. This environment has made it economically unviable for Bittrex to continue its operations in the United States.
The company’s founders have decided to focus on helping Bittrex Global succeed outside the United States. Bittrex clarified that U.S. customers don’t have to worry about the safety of their funds, as all of their capital is safe and available for withdrawal. The platform shared that it will permit trading until April 14, 2023, but advised customers to withdraw all funds by April 30, 2023.
👉Founded in 2014 by three cybersecurity engineers, Bittrex offered features like full-service API, near-instant atomic transactions, wallet infrastructure and offline cold wallet solutions.
The winding down of Bittrex’s U.S. operations is a reminder of the challenges faced by cryptocurrency businesses navigating an uncertain regulatory environment.😆
On March 3, Ripple CEO Brad Garlinghouse warned that the Securities and Exchange Commission’s regulatory approach puts the U.S. at “severe risk” of missing out on being an attractive hub for the next evolution of blockchain and crypto innovation.
🔍In a Bloomberg interview, Garlinghouse suggested that the crypto industry has “already started moving outside” of the U.S. because the country’s crypto regulation is “behind” other nations like Australia, Japan, the United Kingdom, Singapore and Switzerland.
European banks launch ‘sustainable’ blockchain platform for digital bonds🏦
The platform makes the first use case of a so-called “Proof of Climate” blockchain protocol.
🧐Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade and settle bonds digitally, providing a more efficient and secure process than traditional methods.
The platform is a joint project of Skandinaviska Enskilda Banken (SEB) and Credit Agricole Bank, called “so|bond.“ According to the announcement from April 3, the blockchain network will be using a validation protocol, “Proof of Climate awaReness,” and minimizing its environmental footprint.🌿
The Proof of Climate awaReness protocol is said to enable an energy consumption comparable to non-blockchain systems, and incentivize participating nodes to improve the environmental footprint of their infrastructures.
🌸Each node will be remunerated according to a formula linked to its climate impact: the lower the environmental footprint, the larger the reward.
So|bond would become the first use case for the protocol developed by the French-based IT provider Finaxys.
Romaric Rolleti, head of innovation and digital transformation at Credit Agricole, said that the bond blockchain platform was part of a larger plan for the bank’s digital transformation:👇
“The platform’s innovative approach, both to the blockchain infrastructure and to the securities market, is coupled with the strong commitment to green and sustainable finance that is at the center of our Societal Project.”
🙂The project joins many other efforts to explore the use of blockchain, smart contracts and the Internet of Things for a global environment cause. For example, in October 2022, the Bank for International Settlements, the Hong Kong Monetary Authority and the United Nations Climate Change Global Innovation Hub presented the results of their Genesis 2.0 initiative — two prototypes of tokenized green bonds.
The platform makes the first use case of a so-called “Proof of Climate” blockchain protocol.
🧐Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade and settle bonds digitally, providing a more efficient and secure process than traditional methods.
The platform is a joint project of Skandinaviska Enskilda Banken (SEB) and Credit Agricole Bank, called “so|bond.“ According to the announcement from April 3, the blockchain network will be using a validation protocol, “Proof of Climate awaReness,” and minimizing its environmental footprint.🌿
The Proof of Climate awaReness protocol is said to enable an energy consumption comparable to non-blockchain systems, and incentivize participating nodes to improve the environmental footprint of their infrastructures.
🌸Each node will be remunerated according to a formula linked to its climate impact: the lower the environmental footprint, the larger the reward.
So|bond would become the first use case for the protocol developed by the French-based IT provider Finaxys.
Romaric Rolleti, head of innovation and digital transformation at Credit Agricole, said that the bond blockchain platform was part of a larger plan for the bank’s digital transformation:👇
“The platform’s innovative approach, both to the blockchain infrastructure and to the securities market, is coupled with the strong commitment to green and sustainable finance that is at the center of our Societal Project.”
🙂The project joins many other efforts to explore the use of blockchain, smart contracts and the Internet of Things for a global environment cause. For example, in October 2022, the Bank for International Settlements, the Hong Kong Monetary Authority and the United Nations Climate Change Global Innovation Hub presented the results of their Genesis 2.0 initiative — two prototypes of tokenized green bonds.
🔥David Bowie unreleased record debuts as music NFT.
Gala Music, a Web3 startup subsidiary, is launching 3,003 NFTs on April 14, with an unreleased version of David Bowie’s “Let’s Dance” included.
✔️A previously unreleased version of David Bowie’s “Let’s Dance” has surfaced as part of a limited edition collection of nonfungible tokens (NFTs).
Gala Music, a subsidiary of the Web3 startup Gala Games, has joined forces with music producer🤫 Larry Dvoskin and publisher Warner Chappell Music to unveil an unreleased version of David Bowie’s 1983 track “Let’s Dance” as part of a limited edition collection of NFTs. The announcement was made on Thursday, March 6.
David Bowie created an impressive discography that included 27 studio albums, 11 live albums, four soundtracks and 128 singles during his lifetime. However, despite his passing in 2016, the singer-songwriter still has at least one unheard track.
😍Gala Music plans to launch 3,003 NFTs that showcase Bowie-inspired artwork on April 14, four decades after the original release of “Let’s Dance.“ Each NFT will grant its owner exclusive access to an unreleased version of the song, which Dvoskin co-produced with Bowie in 2002.
The NFTs will be available for purchase on a “pay-what-you-wish” basis, and the initial profits from the sales will go toward supporting MusiCares, a charity offering health and human services to individuals in the music industry.
☺️The upcoming release next week will not be the first time the Bowie estate has ventured into blockchain technology. In September 2022, the Bowie estate collaborated with OpenSea NFT😯 marketplace to introduce a collection of NFTs called “Bowie on the Blockchain” to raise charity funds. However, this collection faced significant criticism from Bowie’s supporters, who viewed the foray into blockchain as contradictory to the artist’s principles and beliefs.
Gala Games is primarily recognized for its Web3 gaming initiatives, allowing developers to create play-to-earn crypto and NFT games, but it has also expanded its interests to include music and film.
Gala Music, a Web3 startup subsidiary, is launching 3,003 NFTs on April 14, with an unreleased version of David Bowie’s “Let’s Dance” included.
✔️A previously unreleased version of David Bowie’s “Let’s Dance” has surfaced as part of a limited edition collection of nonfungible tokens (NFTs).
Gala Music, a subsidiary of the Web3 startup Gala Games, has joined forces with music producer🤫 Larry Dvoskin and publisher Warner Chappell Music to unveil an unreleased version of David Bowie’s 1983 track “Let’s Dance” as part of a limited edition collection of NFTs. The announcement was made on Thursday, March 6.
David Bowie created an impressive discography that included 27 studio albums, 11 live albums, four soundtracks and 128 singles during his lifetime. However, despite his passing in 2016, the singer-songwriter still has at least one unheard track.
😍Gala Music plans to launch 3,003 NFTs that showcase Bowie-inspired artwork on April 14, four decades after the original release of “Let’s Dance.“ Each NFT will grant its owner exclusive access to an unreleased version of the song, which Dvoskin co-produced with Bowie in 2002.
The NFTs will be available for purchase on a “pay-what-you-wish” basis, and the initial profits from the sales will go toward supporting MusiCares, a charity offering health and human services to individuals in the music industry.
☺️The upcoming release next week will not be the first time the Bowie estate has ventured into blockchain technology. In September 2022, the Bowie estate collaborated with OpenSea NFT😯 marketplace to introduce a collection of NFTs called “Bowie on the Blockchain” to raise charity funds. However, this collection faced significant criticism from Bowie’s supporters, who viewed the foray into blockchain as contradictory to the artist’s principles and beliefs.
Gala Games is primarily recognized for its Web3 gaming initiatives, allowing developers to create play-to-earn crypto and NFT games, but it has also expanded its interests to include music and film.
- Why are 300,000 people adding free WIFI hotspots to the app map every day? 🤔
The answer is that the WIFI Map community has a common mission: to make the Internet accessible to everyone 🌍
Since 2014, the app has been downloaded over 21 million times on the App Store and 138 million on the Play Store. All of these people go hand in hand to the goal of the project, and the developers appreciate and motivate their users.
Previously, users shared hotspots for special bonuses, but today also for $WIFI tokens, which developers accrue for active actions directly to the internal wallet.
💎$WIFI token already has high utility: you can already use them to get cash back from an international eSim (70+ countries) and for super VPN 🙌🏾
This is a beautiful story of how the giant application from Web2 broke right into the Web3 universe 🚀
🔥 You can buy the token on one of the top exchanges - OKX, and from today you can be first also on Gate.io
Stay connected ✌️
The answer is that the WIFI Map community has a common mission: to make the Internet accessible to everyone 🌍
Since 2014, the app has been downloaded over 21 million times on the App Store and 138 million on the Play Store. All of these people go hand in hand to the goal of the project, and the developers appreciate and motivate their users.
Previously, users shared hotspots for special bonuses, but today also for $WIFI tokens, which developers accrue for active actions directly to the internal wallet.
💎$WIFI token already has high utility: you can already use them to get cash back from an international eSim (70+ countries) and for super VPN 🙌🏾
This is a beautiful story of how the giant application from Web2 broke right into the Web3 universe 🚀
🔥 You can buy the token on one of the top exchanges - OKX, and from today you can be first also on Gate.io
Stay connected ✌️
🤑 Liquid Mining project offers one of the most profitable and deliberate referral programs!
Every user is able to earn immediate percentage from their direct referral's purchases. Moreover, by expanding the referral's trading volume, Liquid Mining customers are receiving shares in the special reward pools!
📹 Wanna know how it works? Here is the explanation!
Start earning profits by referring your friends right now! 👉LINK
Telegram | Twitter
Every user is able to earn immediate percentage from their direct referral's purchases. Moreover, by expanding the referral's trading volume, Liquid Mining customers are receiving shares in the special reward pools!
📹 Wanna know how it works? Here is the explanation!
Start earning profits by referring your friends right now! 👉LINK
Telegram | Twitter
YouTube
Liquid Mining | referral system in cloud mining
The Liquid Mining referral system allows you to earn more with us.
How does it work? It's very simple! After registering in our application, you will receive a unique invitation link. You can share this link with friends and acquaintances who are also interested…
How does it work? It's very simple! After registering in our application, you will receive a unique invitation link. You can share this link with friends and acquaintances who are also interested…
💸 Join Liquid Mining's "Race For The Container" event and win amazing prizes!
Register as a Leader or Affiliate and compete to win a free Liquid Plus Rig, Liquid Plus Rack, or Liquid Plus Container worth up to 72,000 USDT.
⏺ The event is divided into Rig, Rack, and Container leagues, and you can progress up the leagues by building your referral tree and increasing your Trading Volume.
Don't worry if you don't reach the threshold value, as you'll have a second chance in the next season.
😞 But if you fail twice, your coins will be cancelled and your equipment confiscated. Register now and join the competition today!
👉 Click HERE to register.
Telegram | Twitter
Register as a Leader or Affiliate and compete to win a free Liquid Plus Rig, Liquid Plus Rack, or Liquid Plus Container worth up to 72,000 USDT.
⏺ The event is divided into Rig, Rack, and Container leagues, and you can progress up the leagues by building your referral tree and increasing your Trading Volume.
Don't worry if you don't reach the threshold value, as you'll have a second chance in the next season.
😞 But if you fail twice, your coins will be cancelled and your equipment confiscated. Register now and join the competition today!
👉 Click HERE to register.
Telegram | Twitter
Terra DeFi project Terraport suffers $2M hack days after launch.🌿
Terra users are losing another round of funds due to a breach on the new DeFi platform Terraport Finance, which launched on March 31.
🔍The algorithmic stablecoin TerraUSD (UST) collapsed almost one year ago, but some Terra-related projects are still live and trying to overcome some issues.
🤩Terraport Finance, a decentralized finance (DeFi) exchange project based on the Terra Classic blockchain, suffered a breach on its liquidity wallet on April 10. Announcing the news on Twitter, Terraport said the hacker had drained all liquidity pools from the platform, causing losses of about $2 million worth of digital assets.
“We are currently working with community members and major exchanges to secure as many of these funds as possible and blacklist wallets. All funds have been tracked,” 👈Terraport stated.
According to social media reports, the Terraport hacker has allegedly transferred the stolen funds to exchanges Binance and MEXC Global. The investigators have urged the exchange’s security teams to freeze the assets as soon as possible.
While Terraport has been investigating the security issue and preparing an incident report, many online crypto enthusiasts have stood up to criticize the rushed launch of Terraport.
😧Following a token sale in February and March 2023, TerraCVita launched its Terra Classic-based decentralized exchange, Terraport, on March 31. By April 7, Terraport burned nearly 100 million Luna Classic (LUNC) tokens in an attempt to revitalize Terra after it failed one year ago.
“What was for that hurry to launch to have two months presale?” 👈one commentator called out on Twitter, stating that the answer to this question is the key to understanding the project’s driving force.
Some industry observers also alleged that Terraport went live without completing an audit, which triggered more complications.
🤨The crypto community has also expressed outrage against influencers who have been involved in promoting Terraport before it suffered an exploit.
Terra users are losing another round of funds due to a breach on the new DeFi platform Terraport Finance, which launched on March 31.
🔍The algorithmic stablecoin TerraUSD (UST) collapsed almost one year ago, but some Terra-related projects are still live and trying to overcome some issues.
🤩Terraport Finance, a decentralized finance (DeFi) exchange project based on the Terra Classic blockchain, suffered a breach on its liquidity wallet on April 10. Announcing the news on Twitter, Terraport said the hacker had drained all liquidity pools from the platform, causing losses of about $2 million worth of digital assets.
“We are currently working with community members and major exchanges to secure as many of these funds as possible and blacklist wallets. All funds have been tracked,” 👈Terraport stated.
According to social media reports, the Terraport hacker has allegedly transferred the stolen funds to exchanges Binance and MEXC Global. The investigators have urged the exchange’s security teams to freeze the assets as soon as possible.
While Terraport has been investigating the security issue and preparing an incident report, many online crypto enthusiasts have stood up to criticize the rushed launch of Terraport.
😧Following a token sale in February and March 2023, TerraCVita launched its Terra Classic-based decentralized exchange, Terraport, on March 31. By April 7, Terraport burned nearly 100 million Luna Classic (LUNC) tokens in an attempt to revitalize Terra after it failed one year ago.
“What was for that hurry to launch to have two months presale?” 👈one commentator called out on Twitter, stating that the answer to this question is the key to understanding the project’s driving force.
Some industry observers also alleged that Terraport went live without completing an audit, which triggered more complications.
🤨The crypto community has also expressed outrage against influencers who have been involved in promoting Terraport before it suffered an exploit.
Mastercard launches NFT-gated musician accelerator program 👌
💠 This month, Mastercard is launching an artist accelerator program for musicians, with a catch: Access is only possible via an NFT member pass.
Mastercard has been one of several legacy companies rooted in traditional finance to jump into the Web3 space, having been involved in a number of Web3 initiatives in recent years.
🔔 Most recently, on April 12, Mastercard announced its new artist accelerator program. However, this time, it added a Web3 twist. The program is nonfungible token (NFT)-gated and therefore only accessible to holders of its Mastercard Music Pass NFT.
According to the announcement, the NFT is limited-edition and free until the end of the month to both musicians and fans. The program was created in collaboration with Polygon to educational materials, unique artificial intelligence (AI) tools and other experiences.
Mastercard has been one of several legacy companies rooted in traditional finance to jump into the Web3 space, having been involved in a number of Web3 initiatives in recent years.
According to the announcement, the NFT is limited-edition and free until the end of the month to both musicians and fans. The program was created in collaboration with Polygon to educational materials, unique artificial intelligence (AI) tools and other experiences.
Please open Telegram to view this post
VIEW IN TELEGRAM
Elon Musk reaffirms AI’s potential to destroy civilization.
Speaking about artificial intelligence’s potential for civilizational destruction, Musk said, 👉“Anyone who thinks this risk is 0% is an idiot.”
🌿While tech giants worldwide work on materializing the idea of having a generative artificial intelligence (AI) to aid humans in their daily lives, some believe the risk of the nascent technology going rogue remains imminent. Considering this possibility, Tesla and Twitter chief Elon Musk reminded people of AI’s potential to destroy civilization.
On March 15, Musk’s plan to create a new AI startup surfaced after the entrepreneur reportedly assembled a team of AI researchers and engineers. However, Musk continues to highlight the destructive potential of AI — just like any other technology — if it falls into the wrong hands or is developed with ill intentions.
According to Musk, AI can be dangerous. In a FOX interview, he said AI could be more dangerous than mismanaged aircraft design or production maintenance, for example. While acknowledging the low probability, he stated:👇
“However small one may regard that probability, but it is non-trivial — it has the potential of civilizational destruction.”
😆As Crypto Twitter picked up on the discussion, Musk followed up with strong support for his statement:👇
“Anyone who thinks this risk is 0% is an idiot.”
On the other hand, tech entrepreneurs like Bill Gates remain more optimistic about AI and the positive impacts it can bring to humanity.
🌸On April 13, Amazon became the latest tech giant to join the race of creating AI services. Amazon Bedrock allows users to build and scale generative AI apps.
According to a blog post announcing the service, Bedrock allows users to “privately customize foundation models with their own data, and easily integrate and deploy them into their applications.”
Speaking about artificial intelligence’s potential for civilizational destruction, Musk said, 👉“Anyone who thinks this risk is 0% is an idiot.”
🌿While tech giants worldwide work on materializing the idea of having a generative artificial intelligence (AI) to aid humans in their daily lives, some believe the risk of the nascent technology going rogue remains imminent. Considering this possibility, Tesla and Twitter chief Elon Musk reminded people of AI’s potential to destroy civilization.
On March 15, Musk’s plan to create a new AI startup surfaced after the entrepreneur reportedly assembled a team of AI researchers and engineers. However, Musk continues to highlight the destructive potential of AI — just like any other technology — if it falls into the wrong hands or is developed with ill intentions.
According to Musk, AI can be dangerous. In a FOX interview, he said AI could be more dangerous than mismanaged aircraft design or production maintenance, for example. While acknowledging the low probability, he stated:👇
“However small one may regard that probability, but it is non-trivial — it has the potential of civilizational destruction.”
😆As Crypto Twitter picked up on the discussion, Musk followed up with strong support for his statement:👇
“Anyone who thinks this risk is 0% is an idiot.”
On the other hand, tech entrepreneurs like Bill Gates remain more optimistic about AI and the positive impacts it can bring to humanity.
🌸On April 13, Amazon became the latest tech giant to join the race of creating AI services. Amazon Bedrock allows users to build and scale generative AI apps.
According to a blog post announcing the service, Bedrock allows users to “privately customize foundation models with their own data, and easily integrate and deploy them into their applications.”
