Last month, the Federal Reserve rejected crypto bank Custodia’s application to join its ranks, casting doubt over whether the Office of the Comptroller of the Currency will give final approval to crypto companies Protego and Paxos’ applications for national trust bank charters.
“The U.S. government is using the banking sector to organize a sophisticated, widespread crackdown against the crypto industry,” Carter wrote.
“And the administration’s efforts are no secret: they’re expressed plainly in memos, regulatory guidance, and blog posts. However, the breadth of this plan—spanning virtually every financial regulator—as well as its highly coordinated nature, has even the most steely-eyed crypto veterans nervous that crypto businesses might end up completely unbanked, stablecoins may be stranded and unable to manage flows in and out of crypto, and exchanges might be shut off from the banking system entirely.”
(https://www.timothywittig.com/) is a conservationist, professor, and former defense intelligence analyst. He is a research fellow at Oxford University (Oxford Martin School), an associate fellow at the Royal United Services Institute (RUSI) in London, and has served as Head of Intelligence for both the Royal Foundation’s United for Wildlife Transport and Financial Taskforces (https://unitedforwildlife.org/), and the wildlife investigations charity Focused Conservation.
Dr. Wittig has lived in 8 countries on 3 continents and worked in nearly 50 different countries. His professional background is in research & development and applied sciences, intelligence-led targeting of illicit financial networks, and African and global security.
Dr. Wittig began his career in national security, and was one of the first people in the US Intelligence Community (IC) to treat biodiversity and ecosystem collapse as a threat to global security.
Since their inception in 2016, Dr. Wittig has played a central role in the United for Wildlife Transport and Financial Taskforces, a groundbreaking program of the Royal Foundation of the Prince & Princess of Wales (https://royalfoundation.com/), to use data and intelligence, alongside high-level formal commitments, to mobilize 200+ of the worlds’ largest banks, maritime shipping companies, and airlines to take meaningful action against global wildlife trafficking. Dr. Wittig conceived of and currently runs the central intelligence sharing system of the both Taskforces.
A former tenured professor of International Relations and Humanitarian Action, and a life-long environmentalist and outdoorsman, Dr. Wittig, like many people today, believes reversing the current catastrophic extermination of nature is the single most important issue of our time — a literal life-and-death struggle for the future of our common planet and ultimately humanity itself.
Dr. Wittig came to work professionally in conservation a decade ago after observing how the major threats to the environment today — species loss, climate change, pollution, et al — are all underpinned and driven often to a large extent by crime and corruption, illicit networks, and social injustices. And that rigorous, hard-hitting intelligence and data-led analysis of these dynamics, especially when done at scale, will be a game changer in how we confront threats to the world’s wildlife and ecosystems.
Turkey’s stock exchange suspended trading for five days and canceled all trades executed on Wednesday, following a selloff that erased billions of dollars from the value of its main equities gauge after two devastating earthquakes.
Yahoo Finance Live anchor Dave Briggs breaks down legal arguments for potential FTX lawsuits. Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes. WATCH HERE:
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Researchers from the University of Sussex and Universal Quantum have demonstrated for the first time that quantum bits (qubits) can directly transfer between quantum computer microchips and demonstrated this with record-breaking speed and accuracy. This breakthrough resolves a major challenge in building quantum computers large and powerful enough to tackle complex problems that are of critical importance to society.
Today, quantum computers operate on the 100-qubit scale. Experts anticipate millions of qubits are required to solve important problems that are out of reach of today’s most powerful supercomputers. There is a global quantum race to develop quantum computers that can help in many important societal challenges from drug discovery to making fertilizer production more energy efficient and solving important problems in nearly every industry, ranging from aeronautics to the financial sector.
In the research paper, published today in Nature Communications, the scientists demonstrate how they have used a new and powerful technique, which they dub “UQ Connect,” to use electric field links to enable qubits to move from one quantum computing microchip module to another with unprecedented speed and precision. This allows chips to slot together like a jigsaw puzzle to make a more powerful quantum computer.
For artificial intelligence, 2022 was a year of breakthroughs. Image generation models such as DALL-E, MidJourney and StableDiffusion came in early in the year, garnering much attention, and ChatGPT went viral near the end.
Riding on the euphoria generated by these technological developments, about $49 billion in venture capital was invested in AI in 2022 — 40% more than a year earlier, per CB Insights.
Yet, there has been little conversation about how AI will play a growing role in real estate, a more than $50 trillion asset class, and one of the key drivers of the global economy. We believe this represents a significant opportunity for real estate tech entrepreneurs.
Dubai’s crypto regulator plans to quadruple its headcount over the next few months to handle hundreds of license applications after drawing up new rules to attract industry players to the Middle Eastern financial hub.
Yahoo Finance Live anchors Brian Sozzi, Brad Smith, and Julie Hyman discuss news that Dell will cut over 6,000 jobs amid the ongoing wave of layoffs in the tech industry. Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes. WATCH HERE:
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The results highlight some potential strengths and weaknesses of ChatGPT.
Some of the world’s biggest academic journal publishers have banned or curbed their authors from using the advanced chatbot, ChatGPT. Because the bot uses information from the internet to produce highly readable answers to questions, the publishers are worried that inaccurate or plagiarised work could enter the pages of academic literature.
Several researchers have already listed the chatbot as a co-author in academic studies, and some publishers have moved to ban this practice.
Andrey Suslov/iStock.
It’s not surprising the use of such chatbots is of interest to academic publishers. Our recent study, published in Finance Research Letters, showed ChatGPT could be used to write a finance paper that would be accepted for an academic journal. Although the bot performed better in some areas than in others, adding in our own expertise helped overcome the program’s limitations in the eyes of journal reviewers.
Mentions of the “metaverse” were relatively few and far between in Meta’s quarterly earnings call this week — we counted a mere seven mentions compared to 23 for “AI” — but the company’s investment into its vision of a VR-connected social future remains colossal.
Starting in 2021, Meta began breaking out its Reality Labs VR and AR division into its own segment for financial reporting purposes. That makes it possible to see just how much Meta is pouring into those areas, and the numbers are staggering.
Meta reported $13.7 billion in operating losses for Reality Labs for 2022, more than the already jaw-dropping $10.2 billion it sunk into the division in 2021. Reality Labs brought in $2.16 billion last year in revenue, a drop from $2.27 billion in 2021.
