USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. Following the Fed announcement, Circle CEO Jeremy Allaire said on Twitter that the company would rely on...
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be made whole, similar to a decision made by the federal government to bail out...
Why Would ‘OpenAI’ Send ChatGPT Takedown Notices to Google?
ChatGPT has captured the imagination of millions of people, offering a glimpse of what an AI-assisted future might look like. The new technology also brings up novel copyright questions. Several people are worried that their work is being used to train AI without any form of compensation, for example. Parent company OpenAI may in turn be worried that third parties are exploiting the ChatGPT model without permission. That’s what a...
7 questions for the OSI board candidates
7 questions for the OSI board candidates Luis Mon, 03/13/2023 – 03:00 The Open Source Initiative (OSI) is a non-profit organization that promotes open source that maintains and evaluates compliance with the Open Source Definition. Every year the OSI holds elections for its board of directors. It has become somewhat of a tradition for me to write questions for OSI board candidates. In past years, I’ve asked questions about...
Monitor Kubernetes cloud costs with open source tools
Monitor Kubernetes cloud costs with open source tools mattray Mon, 03/13/2023 – 03:00 Kubernetes is a powerful platform for managing dynamic containerized applications in the cloud, but it may be difficult to understand where costs are incurred. Managing the cost efficiency of Kubernetes resources can be a challenge. That’s where OpenCost comes in. OpenCost is a cloud cost monitoring tool that integrates seamlessly with...
