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First Citizens Bank to Acquire Silicon Valley Bank Deposits and Loans
First Citizens Bank will acquire all deposits and loans of Silicon Valley Bank after its collapse following rumors of a liquidity crisis. The FDIC has approved the purchase and assumption agreement, and Silicon Valley Bank depositors will become depositors of…Read more
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Temperature of a rocky exoplanet measured
An international team of researchers has used NASA's James Webb Space Telescope to measure the temperature of the rocky exoplanet TRAPPIST-1 b. The measurement is based on the planet's thermal emission: heat energy given off in the form of infrared…Read more
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The Download: AI’s gold rush, and how to regulate generative models
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. ChatGPT is about to revolutionize the economy. We need to decide what that looks like. Whether it’s based…Read more
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Vaneck CEO Predicts Bull Cycle for Bitcoin and Gold — Expects Fed Tightening to End Soon
The CEO of investment management firm Vaneck has predicted a bull cycle for gold and bitcoin. “We are at the very beginnings of what could be a several-year cycle in gold, and I also put bitcoin in that category as…Read more
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Top 30 IoT Interview Questions and Answers
Preparing for your upcoming IoT interview? Go through these top IoT interview questions and get ready for your interview. The Internet of Things or IoT presented the foundations of a new revolution in connectivity alongside ensuring innovative functionalities with internet-connected…Read more
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Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules
The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange broke several…Read more
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New MacStealer macOS Malware Steals iCloud Keychain Data and Passwords
A new information-stealing malware has set its sights on Apple's macOS operating system to siphon sensitive information from compromised devices. Dubbed MacStealer, it's the latest example of a threat that uses Telegram as a command-and-control (C2) platform to exfiltrate data. It…Read more
KEEPING TRACK:
+ FDIC deposit insurance fund: $128.2 billion
- Signature cost: ~$2.5 billion
- SVB cost: ~$20 billion
------------------------
= FDIC balance: $105.7 billion
vs.
* Total insured deposits: $10.1 trillion
* Total US commercial bank deposits: $17.5 trillion
Check out this awesome use case with @getcode. So easy to pay people back. Just like handing them cash, but where you always have the right change, and where you never have to deal with change.
1/ A 🧵ON THE @federalreserve's precedent-setting 86-page @custodiabank order, released on Friday. Custodia just published a blog post highlighting the newly-articulated Fed policies + the procedural abnormalities it reveals.
https://custodiabank.com/press/custodia-comments-on-the-fed-s-86-page-order-new-fed-policies-and-procedural-abnormalities/
Starting April 15th, only verified accounts will be eligible to be in For You recommendations.
The is the only realistic way to address advanced AI bot swarms taking over. It is otherwise a hopeless losing battle.
Voting in polls will require verification for same reason.
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From Bloomberg. The part before the paywall says it all already. The rest of the article is inline.
Matt Levine’s Money Stuff: The CFTC Comes for Binance
Matt Levine’s Money Stuff: The CFTC Comes for Binance
A decent rule of thumb is that all cryptocurrency exchanges are doing crimes, and if you’re lucky your exchange is doing only process crimes.
news.bloomberglaw.com
A few people are asking about "eat your own dog food". I didn't know that expression wasn't that common globally. 😂 So, here it is.
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What 'Eat Your Own Dog Food' Really Means
Eat your own dog food is a colloquial expression that describes a company using its own products or services for its internal operations.
www.investopedia.com
