🤖AI Takeover 🤖 ❌ #FakeNews & Misinformation? AP’s Inflation Report Raises Questions! 💯 FDIC Reverses Crypto Banking Policy 🚨BitMEX Founders Receive Pardon 🚨 Galaxy Digital Agrees to a $200M fine
Blockchain DXB
Shownotes Transcript
**AI Takeover Series – Episode Fully Generated by NotebookLM This episode is part of Blockchain DXB) AI series **
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🚨 Topics Covered:
- Fake News on Inflation by The Associated Press?
- FDIC Reverses U.S. Crypto Banking Policy
- BitMEX Founders Pardoned
- Galaxy Digital’s $200M Settlement
- UAE Blockchain & AI Developments
- The Associated Press article titled "US consumers remained cautious about spending last month as inflation ticked higher" by Chris Rugaber has raised concerns.
- The report in the article cites data from the Bureau of Economic Analysis: Full Report)
- Blockchain DXB utilized OpenAI, Grok 3, Google Gemini & VenusAI to assess the claims and concluded that the article is #FakeNews & #Misleading.
- Key Findings: The article provides one interpretation of broader trends but is not fully supported by the report.
- Contradictory Statements? The same author published another article on March 12th stating that "U.S. inflation slowed last month for the first time since September and a measure of underlying inflation fell to a four-year low" (Read More)).
- New Guidance (FIL-7-2025): FDIC now allows supervised banks to engage in crypto-related activities without prior approval, reversing the restrictive 2022 policy (FIL-16-2022).
- Statement by Acting Chairman Travis Hill: This marks a significant shift towards risk-managed crypto integration.
- Crypto-related activities include:
- Custody of crypto assets
- Maintaining stablecoin reserves
- Issuing digital assets
- Market-making & redemption services
- Blockchain-based settlement & payment systems
- Official Announcement: Read More)
- On March 27th, 2025, President Donald Trump issued a pardon for Arthur Hayes, Benjamin Delo, and Samuel Reed.
- The three co-founders of BitMEX were facing criminal charges related to money laundering and violations of the Bank Secrecy Act.
- Source: Cointelegraph)
- Mike Novogratz’s Galaxy Digital has agreed to a $200 million settlement with the New York Attorney General.
- The settlement addresses allegations of misrepresentations regarding Galaxy’s involvement with LUNA before its collapse.
- Key Terms of the Settlement:
- Payment of $200 million over three years.
- Implementation of new policies on public statements about cryptocurrencies.
- Official Filings: Read More)
- ⚡ IBM unveils Dubai blockchain deal.
- ⚡ Dubai Data and Statistics Establishment partners with BlueGen.ai to enhance labor force survey accuracy.
Be sure to check out this special AI Takeover Series episode, where the entire content has been generated by NotebookLM by Google!
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