Vast Bank Exits Crypto, Shuts Down Banking App
To exit the cryptocurrency industry, Vast Bank, which claimed to be the first bank in the United States to permit customers to buy, sell, and retain cryptocurrencies “alongside a traditional checking account,” has discontinued its mobile crypto banking app. Vast Bank stated in its website’s Frequently Asked Questions (FAQ) section that American Banker was the […]
IBM Security Explains How Deepfake AI Hijacks Live Conversations
Scientists from IBM Security have recently made a startlingly simple discovery regarding a method to hijack and manipulate live conversations through the use of artificial intelligence (AI). The “audio-jacking” attack utilizes deepfake audio technology and generative AI, incorporating OpenAI’s ChatGPT and Meta’s Llama-2. Audio Jacking Researchers programmed the AI to analyze audio from two sources […]
ProShares Sees Big Future for spot Bitcoin ETF
A senior executive of ProShares, a significant issuer of futures-based Bitcoin exchange-traded funds (ETF), stated that the company does not anticipate any threats to introducing spot Bitcoin ETFs in the United States rather sees benefits. The introduction of spot Bitcoin ETFs will benefit ProShares’ futures products on both an operational and commercial level, according to […]
Montenegro Extradites Terraform Labs Ex CFO to South Korea
The extradition of Han Chang-joon, an executive of Terra Labs, from Montenegro to South Korea exacerbates the financial scandal. A recent report has unveiled a noteworthy development in the Terraform Labs financial scandal, which will captivate readers. Former financial officer of the troubled company Han Chang-joon, who served time in prison in Montenegro, has been […]
LPL Financial to Evaluate Spot Bitcoin ETFs Before Offering Them
LPL Financial, the largest U.S. independent broker-dealer, will conduct a three-month assessment of the spot Bitcoin ETF market before allowing its advisers to invest in them. The San Diego-based firm plans to conduct a thorough three-month assessment of the newly approved funds before deciding which ones to offer to its advisers. The firm’s executive vice […]