UK lawmakers are urging cryptocurrencies to be regulated as gambling given that they could potentially be used by fraudsters. The UK is planning its first rules for crypto-assets. The thought behind the process is regulating retail trading and investment in unbacked cryptocurrencies could create a halo effect that leads consumers to think the activity is safer than it is, or protected when it is not.
In light of millions, if not billions of dollars being lost in crypto, the Financial Conduct Authority has repeatedly warned consumers they could lose all of their money invested in cryptocurrencies. Around 10% of UK adults hold or have held crypto-assets.
Coinbase, the world’s second-largest crypto exchange, is launching its subscription service, Coinbase One, in 35 countries in a bid to retain users and grow its recurring revenue streams as the crypto economy struggles through a bearish market.
The subscription service offers a host of features, including no trading charges, higher staking rewards, 24/7 customer support, and pre-filed tax return documents.
The article explains the income needed in every country to be the richest 1%. The widening income inequality gap: The covid-19 pandemic, a surge in global inflation, and increasing public debt have widened the gap between rich and poor countries.
Meanwhile, the world’s ten richest men have doubled their fortunes from $700 billion to $1.5 trillion during the first two years of the covid-19 pandemic. Fun fact: Almost two-thirds of the new wealth amassed since 2020 has gone to the richest 1%. 
A very relatable topic on the buzz: AI. With existing AI tools, finance professionals can increase their individual output by 50%. This article specifically talks about AI in finance and how it could get an entire team’s job done in one afternoon. How you can use ChatGPT to build models, analyze P&L statements, and then build visualizations.
Although there won’t be much luck picking stocks by AI, its first job will be automating the tedious of analysts’ lives with improved workflows.
Almost every article I read on AI is scary. Students at Texas A&M University at Commerce were in for a shock when they received a heated email Monday afternoon saying that students were in danger of failing the class for using ChatGPT to cheat. The email caused panic in the class, with some students fearful their diplomas were at risk.
Tensions erupting at Texas A&M throw light on a troubling reality: protocols on how and when to use chatbots in classwork are vague and unenforceable, with any effort to regulate use risking false accusations.
The “free-range” label, along with many other animal-raising claims made on meat, dairy, and egg packaging, is effectively governed by an honor system. But there are no USDA auditors who come out to inspect the farm, nor are there specific requirements for how much time the birds spend outside or the quality and size of the outdoor area.
An undercover investigator working for two months at a Virginia farm outside Richmond in the US documented hours of the typical horrors found on chicken factory farms: tens of thousands of birds stuffed into dark warehouse-sized barns, many of them severely injured with gruesome lesions, injuries, and deformities.
At more than one point, birds are deprived of feed or water, and there was also a rat infestation and footage of bugs crawling in the chickens’ feed.
