Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=mXR-zyj8Hvk VIDEO TRANSCRIPT Okay, hello everyone. Welcome back. My name is Greg Firman, and this is the Vantage Point AI Market ...
According to Foresight News, the US Securities and Exchange Commission (SEC) is reportedly investigating internal documents of OpenAI to determine if the company misled investors. The SEC's investigation is related to the sudden dismissal of CEO Sam Altman by the OpenAI board in November last year, accusing him of a lack of consistent honesty in communication. Previously, the OpenAI board stated that they no longer had confidence in Sam Altman's ability to lead the company, and subsequently, OpenAI co-founder Greg Brockman announced his departure from the company.
Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=zq-7eAta40k VIDEO TRANSCRIPT Okay, hello everyone. Welcome back. My name is Greg Firman, and this is the Vantage Point AI Market ...
In the trading world, where investors continually search for strategies that balance risk with reward, the covered call stands out as a sophisticated yet accessible strategy. Pioneered by those looking ...
According to CoinDesk, Virginia's Subcommittee on General Government has allocated $17,192 a year to the Blockchain and Cryptocurrency Commission. The funds will help run the committee and cover travel expenses. The commission was recently legislated to make recommendations related to blockchain technology and cryptocurrencies. The proposed funds will be allocated in 2025 and 2026, slightly less than the $22,048 a year set aside for the Artificial Intelligence Commission over the same period. Meanwhile, the Virginia Autism Advisory Council will receive $12,090 yearly for the two years. Virginia recently established the Blockchain and Cryptocurrency Commission in the legislative branch of the state department, as per a 2024 session report. The commission will consist of 15 members who will study and make recommendations for blockchain technology and digital assets. The yearly expenditure of $17,192 is estimated to cover the costs associated with meetings, including travel expenses.
Money market funds, known for their low risk, low transaction costs, and returns that are typically better than regular savings accounts, along with the flexibility of buying and selling at any time without the long-term commitment required for fixed deposits, are a popular tool for parking idle funds.However, are money market funds guaranteed to preserve capital? Under what circumstances might they incur losses? In theory, money market funds are capital-preserving, but there are always exceptions in the financial market.
According to PANews, Bakkt Holdings, Inc. has announced that its Form S-3 registration statement submitted to the U.S. Securities and Exchange Commission (SEC) has been approved and became effective on February 14, 2024. Bakkt stated that as long as the registration statement remains valid, the company will be able to raise a total of $150 million in funds through one or more securities issuances over the next three years. The specific details of future issuances will be described in subsequent prospectus supplement documents. Previously, Bakkt had submitted documents to the SEC last week stating that it might not be able to continue operations, as the company's cash and restricted cash would be difficult to support operations for the next 12 months.
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow […]
According to PANews, the Japanese Financial Services Agency (FSA) is urging the country's financial institutions to strengthen their monitoring of illegal transfers to cryptocurrency exchange providers. The Japanese National Police Agency's analysis concluded that the damage caused by fraud related to illegal remittances is primarily due to the use of cryptocurrency transfers. The FSA encourages financial institutions to further enhance user protection based on risk. Specifically, the FSA suggests that 'if the sender's name is different from the account name, financial institutions should stop transferring to cryptocurrency asset exchange service providers.'
According to Cointelegraph: Adam Colin Todd, CEO of the Digitex Futures exchange, has been indicted by the United States Attorney’s Office for the Southern District of Florida for violating the Bank Secrecy Act (BSA). The indictment, issued on February 12, accuses Todd specifically of failing to establish and implement an adequate Anti-Money Laundering (AML) program, including the necessary Know Your Customer (KYC) program. According to the accusation, Todd operated an unregistered futures platform from January 2018 to April 2022 and willfully neglected to set up required AML measures. Because of this failure, it's suspected that the platform was open to misuse for money laundering and other illicit activities. The indictment further notes that Todd publicly refused to implement KYC policies for Digitex Futures, which could result in a sentence of up to five years if convicted. The Federal Bureau of Investigation (FBI) Miami investigated the case, led by Assistant U.S. Attorney Trevor Jones. Todd's violation of the BSA, a crucial law in combating financial crimes, is considered a serious offense. The Act compels financial institutions to retain records and report certain transactions to the Financial Crimes Enforcement Network (FinCEN). This latest charge against Todd follows a prior fine of $16 million imposed by U.S. federal court in mid-2021, for Todd's failure to register the futures exchange with the U.S. Commodity Futures Trading Commission (CFTC). In addition to this violation, the CFTC also accused Digitex of manipulating the price of its native DGTX token. Consequently, Todd and four companies under his control were banned from trading in any CFTC-regulated markets and required to pay a $3,912,220 disgorgement and an $11,736,660 civil monetary penalty.