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How Companies Can Take a Global Approach to AI Ethics
Ideas about right and wrong can differ from one cultural context to the next. Corporate AI governance must reflect this. August 05, 2024 Illustration by Ola Szczepaniak Post Post Share Annotate Save Get PDF Buy Copies Print Many efforts to build an AI ethics program miss an important fact: ethics differ from one cultural context to the next. Ideas about right and wrong in one culture may not translate to a fundamentally different context, and even when there is alignment, there may well be important differences in the ethical reasoning at work — cultural norms, religious tradition, etc. — that...
‘Crypto’-friendly Customers Bank hit with Fed Reserve enforcement action
The U.S. Federal Reserve has warned one of America’s last remaining ‘crypto’-friendly banks to improve its digital asset compliance or face the consequences. On August 8, the Federal Reserve Board announced the execution of an enforcement action against Customers Bancorp of West Reading, Pennsylvania and Customers Bank of Malvern, Pennsylvania. Customers Bancorp is the parent company of Customers Bank, which offers a “blockchain-based 24/7/365 digital payment solution” known as CBIT (Customers Bank Instant Token). Customers’ numerous crypto partners include exchanges such as Coinbase (NASDAQ: COIN), Gemini and Kraken, stablecoin issuers Circle and Paxos Trust, digital asset custodians Anchorage Digital and...
Analyst Puts Bitcoin Price Ceiling At $137,000, But Is This The Highest BTC Can Go?
Analyst Tony Severino has revealed that the Bitcoin price currently has a ceiling of $137,000. This has raised questions about whether this is the highest point that the flagship crypto can reach in this market cycle, and the analyst also provided some answers. Bitcoin Price Ceiling Is At $137,000 Tony Severino mentioned in an X post that the current ceiling for the Bitcoin price is $137,000, while its floor is around $39,000. He noted that investors could double their investments from Bitcoin’s current price if the crypto reached this target. Meanwhile, a decline to the current floor represents a 50%...
