• US prosecutors are set to issue a superseding indictment against Sam Bankman-Fried next week.
• The Federal Reserve has created a Novel Activities Supervision Program to oversee new financial technologies.
• Tim Cook said AI and machine learning are part of virtually every product Apple is building.
US Prosecutors to Issue Superseding Indictment
US prosecutors are set to issue a superseding indictment against Sam Bankman-Fried next week. This indictment will likely include charges related to his involvement in the cryptocurrency industry.
Federal Reserve Creates Novel Activities Supervision Program
The Federal Reserve has created a ‚Novel Activities Supervision Program‘ in order to better oversee the use of new financial technologies such as cryptocurrencies, blockchain, and digital assets. The goal of this program is to ensure that these technologies are used in a safe and responsible manner.
Hong Kong Securities Regulator Warns Unlicensed Platforms
Hong Kong’s securities regulator is warning unlicensed virtual asset trading platforms that they may face steep fines or even imprisonment if found operating without authorization. This comes as governments around the world have been increasingly cracking down on illicit activities taking place within the crypto space.
Tim Cook: AI & Machine Learning Part Of Virtually Every Product
Tim Cook, CEO of Apple Inc., recently stated that artificial intelligence (AI) and machine learning are now part of „virtually every product“ Apple is building. He added that these technologies can be utilized in ways not previously imagined, making them invaluable tools for businesses looking to stay ahead of the competition in today’s rapidly changing landscape.
Curve Attacker Begins To Return Stolen Funds After Bounty Issued
After issuing a bounty for information leading to the capture of an attacker who stole funds from Curve Finance, it appears some of the stolen funds have been returned by the hacker voluntarily. While it’s unclear why this happened, it could indicate that pressure from law enforcement or other authorities was applied behind the scenes in order for justice to be served swiftly and effectively.