May 2023

The UK Treasury is seeking input on taxing the DeFi space, and on provisions around staking and lending.

This week’s Crypto Biz explores Google expanding its Web3 program, the U.K.’s $125 AI pledge, FTX selling LedgerX and Binance.US backing out of its Voyager purchase.

Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.

TensorFlow, PyTorch, Keras, Caffe, Microsoft Cognitive Toolkit, Theano and Apache MXNet are the seven most popular frameworks for developing AI applications.

Depending on the metrics, the cost of decentralized file storage can be very low or significantly higher than Web2 counterparts.

A brisk slowdown in GDP fails to offer any direction for crypto markets, with Bitcoin slowly clawing back lost ground below $30,000.

Bit4You suspended operations on April 26 amid a CoinLoan insolvency investigation by Estonian regulators.

Increasing familiarity with virtual asset clients will make Anti-Money Laundering measures easier with time, and the firms should be treated reasonably, the HKMA says.

Ether traders have been neutral-to-bearish for the past week, indicating little confidence in ETH breaking above $2,000.

A range of speakers addressed issues like agency turf wars and regulator fitness in hearings on regulatory gaps.