Custodia Bank Appeals to Higher Court Following March Setback
Custodia Bank is appealing to the US Tenth Circuit Court of Appeals after being denied entry into the US banking system in March. Custodia Bank has petitioned the United States Tenth Circuit Court of Appeals for a notice of appeal, contesting a lower court’s March ruling denying the bank’s application to integrate into the U.S. […]
Sam Altman Joins Government AI Safety Board
The US government established an AI Safety and Security Board to monitor advancements in AI. Sam Altman, Satya Nadella, Sundar Pichai, and Jensen Huang were invited to join the board. As what seems to be an unexpected development, the Federal government has extended invitations to CEOs of leading companies specializing in Artificial Intelligence (AI) to […]
Vitalik Buterin Upholds Transition to PoS
Amid Ethereum community discord, Ethereum Co-founder, Vitalik Buterin defends the shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS). His response was sparked by entrepreneur Amanda Cassatt’s post. While increasing internal discord within the Ethereum community, Vitalik Buterin, co-founder of the protocol, has provided some justifications for supporting the network’s transition from the Proof-of-Work (PoW) consensus mechanism […]
BlackRock’s Bitcoin ETF Records First $0 Daily Inflow
BlackRock’s iShares Bitcoin Trust (IBIT) saw its first day with $0 inflows since its US debut in January. After consistently attracting millions daily, totaling nearly $15.5 billion in 71 days, the streak ended on April 24. The BlackRock iShares Bitcoin Trust (IBIT) has experienced its first day without inflows since January, when Bitcoin ETFs were […]
Morgan Stanley Considers Brokers Recommending Bitcoin ETFs
Morgan Stanley’s 15,000 brokers may soon recommend spot bitcoin exchange-traded funds to clients. This move reflects a potential change in the company’s stance on cryptocurrency. Morgan Stanley may permit its 15,000 brokers to recommend spot bitcoin exchange-traded funds to clients, citing two senior executive sources with knowledge of the organization’s intentions. According to reports, the […]