Sunday, September 5, 2021

Profile of BlockFi, which says it has $10B+ in assets, 450K+ clients, licenses in 28 states, and uses digital assets as collateral to provide loans in minutes (New York Times)

New York Times:
Profile of BlockFi, which says it has $10B+ in assets, 450K+ clients, licenses in 28 states, and uses digital assets as collateral to provide loans in minutes  —  The boom in companies offering cryptocurrency loans and high-yield deposit accounts is disrupting the banking industry and leaving regulators scrambling to catch up.



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UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published what it called the world's first guidance on auditor AI usage (Ellesheva Kissin/Financial Times)

Ellesheva Kissin / Financial Times : UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published...