Weekly Crypto Review 05.05.23

WEB3 UNPACKED

Hello everyone! It’s been a minute since our last Web 3 Unpacked Crypto Weekly Review, but we’ll make up for it today. Here are some of the recent updates to bring you up to speed:

- Microsoft has ended the waitlist for access to GPT-4.
- JPMorgan has acquired First Republic Bank.
- FTX got approval to sell LedgerX, a cryptocurrency derivatives platform, to a group of investors for 27 and a half million dollars.
- Montana's governor signed a pro-crypto mining bill into law, making the state more attractive for companies looking to set up mining operations.
- A new proposal in the French Senate would allow social media influencers to promote cryptocurrencies.
- Cooper Morgenthau, a former CFO of two SPACs, was sentenced to 3 years in prison for embezzling 5 million dollars he used to trade crypto and meme stocks.
- In collaboration with international law enforcement agencies, the FBI seized 9 crypto exchange domains used for criminal activity.

Learn more about the world of Web3 and how to navigate the rapidly changing crypto and blockchain landscape: https://linktr.ee/arctai