The Federal Reserve has called on registered state banks to comply with its new novel activities program when engaging in cryptocurrency-related activities in its aim to ensure the soundness of the banking system. The limitations set out in the Federal Reserve’s new Novel Activities Supervision Program provides additional measures to its original policy statement laid out in January. Popular AI chatbots have distinct political biases, according to tests performed by computer scientists and documented in a recent research paper. The scientists determined that OpenAI's ChatGPT and its new GPT-4 model to be the most left-leaning libertarian chatbot, while Meta's LLaMA leaned the furthest right and most authoritarian. Many traditional or “Web2” video game studios around the world are developing new games that leverage blockchain networks, cryptocurrency, and NFTs. Some of the game industry’s largest studios globally are exploring blockchain games, with appetites spanning across genres and platforms—from PC shooters to mobile games and multiplayer metaverse worlds. U.S. prosecutors intend to seek a superseding indictment against FTX founder Sam Bankman-Fried in the week of Aug. 14 that will include the charge of conducting an illegal campaign finance scheme, according to a letter filed with the court on Aug. 8. The U.S. government intends to pursue seven charges against FTX founder Sam Bankman-Fried in the upcoming criminal trial in October and will not drop the illegal political campaign financing charge. Ryan Salame once co-CEO at FTX‘s Bahamas subsidiary, FTX DM, is reportedly in talks with federal prosecutors that could see him plead guilty to criminal charges related to the collapse of the crypto exchange, Bloomberg reported on Aug. 8. Though Bloomberg described the negotiations underway as a plea deal, the news outlet said it is unclear whether Salame will agree to testify against FTX’s co-founder and former CEO, Sam Bankman-Fried, as other associates have done. Officials have not announced the negotiations or any possible charges. Instead, Bloomberg obtained its information from private, unnamed sources. You can find these stories and more at the link below:
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