Mediaboss Marketing

Signature Bank is again in the news a week after the New York State Department of Financial Services (NYDFS) shut down the bank in order to prevent a domino effect from Silicon Valley Bank's implosion last March 9.

The NYDFS initially shut down the bank as part of a preventive measure in order to protect depositors and ensure that customers get their deposits back. The next step was the United States Federal Deposit Insurance Corporation (FDIC) announcement yesterday March 19 that Signature Bank's deposits and loans will be taken over by Michigan-based Flagstar Bank. The agreement will see $38.4 billion worth of deposits and $12.9 billion in loans taken over by Flagstar.

This seems to be part of a bigger plan to combat the banking crisis that seems to be looming over the United States and prevent its further escalation. It might be recalled that a recent economic analysis on the Silicon Valley Bank (SVB) collapse said that as much as 186 banks in the US are at risk of insolvency. The Federal Reserve then announced a swap line network with the central banks of Japan, England, Canada, Switzerland, as well as the European Central Bank. How this all might unfold is still up for speculation. SVB's collapse caused a ripple effect in the crypto industry, while in the traditional financial sector, this effect was most notable in Switzerland, with the impact felt on Credit Suisse.

As for whether cryptocurrency deposits will be affected, the FDIC has clarified that the deal does not include Signature's digital asset deposits. Previously, the agency has also stated that the decision for Signature's closure was not in any way related to cryptocurrency. But it should be noted that Signature, as well as SVB and Silvergate were among the top banks providing services to the crypto sector. Whatever the FDIC's motives are for Signature's closure and whether it will eventually include crypto deposits or not, the whole debacle just might point to a more optimistic view of cryptocurrency as an alternative to the traditional banking system, helmed as it is by the United States.

The relationship between banking regulation and crypto firms has been a subject of contention for some time now. Fiduciary policies have often been at odds with the decentralization and freedom that cryptocurrencies promise. While many crypto firms have sought to distance themselves from traditional banks, others have increasingly embraced banking services, leading to accusations of a "sellout" within the crypto community.

Historically, there has been an antagonistic relationship between crypto and banks, dating back to the inception of Bitcoin. Satoshi Nakamoto, the pseudonymous creator of Bitcoin, inscribed a message on the genesis block, referencing the UK Chancellor's bailout for banks: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."

This message itself underscores the distrust of centralized financial institutions and the need for a decentralized alternative. As more crypto firms partner with banks or even become part of the banking system themselves, there is a growing concern that the original vision of cryptocurrencies is being compromised. By aligning with banks, these firms risk undermining the very principles that made cryptocurrencies attractive in the first place: decentralization, financial autonomy, and resistance to censorship.

On the other hand, proponents of these partnerships argue that the integration of crypto services into the traditional financial sector is necessary for mass adoption and mainstream acceptance. They maintain that a balance can be struck between the regulatory demands of banking authorities and the unique features of cryptocurrencies.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Opinions stated herein are solely of the author's, and hence do not represent or reflect CryptoDaily's position on the matter. The author has no stakes in any of the digital assets and securities mentioned, and does not have any significant hold of own any cryptocurrency or token discussed.

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Flagstar to Take Over Signature Bank's Deposits - Crypto Daily

The summit will be held on Friday, 24th March, 2023, in Mumbai

by exchange4media Staff Published - Mar 22, 2023 8:38 AM | 3 min read

exchange4media Group is back with the on-ground Mumbai edition of its flagship property - Pitch CMO Summit after three years. The upcoming edition of the conference will be held on Friday, 24th of March, 2023, from 10am onwards. Fancode WebEngage and ABP News are the Co-Powered by Partners for the summit while the Co-Gold Partners are DoubleVerify, Pepper Content and Torc ai.

Pitch CMO Summit Mumbai 2023 brings India's most reputed brands and top management to interact and share insights on their game-changing success stories under one roof.

The theme of this edition of the conference is The Agile Marketer.

Apart from the keynote sessions and two panel discussions, many spotlight sessions are also part of the summit agenda.

In todays world led by the likes of ChatGPT and Google Bard, brands that are shying away from using AI for advertising are at a continuous competitive disadvantage. Most advertisers are already using AI to identify and segment audiences, build ad creatives, test ads, improve ad performance, and optimize spend all automatically, in real-time, at scale. To take us through the enormous opportunities that can emerge by marrying Human creativity and AI, Pawan Rochwani, Head of Brand & Partnerships, Pepper Content will speak about Content ROI With & Beyond Generative AI.

AI has revolutionized the advertising industry by enabling marketers to deliver personalized, targeted, and relevant ads to consumers. AI-powered advertising solutions use machine learning algorithms to analyze vast amounts of data on consumer behaviour, preferences, and demographics to predict and target ads to the right audience at the right time and place. To share some case studies of Many Industry Firsts With VI Ads, ROHIT VERMA, Chief Executive Officer, TorcAI will speak at the summit.

Conversational commerce is transforming the way consumers interact with businesses, allowing them to shop, order, and pay for products and services through messaging and chatbot technologies. No more clunky websites, no more frustrating phone calls - just natural language conversations with brands they love. Sharing more on End of Broadcasting, Beginning of Conversations will be Tamanna Dhamija, Founder & Chief Executive Officer, Convosight.

Gone are the days of Mad Men-style marketing, where creative ideas were enough to win over customers. Today, marketing is as much about technology as it is about creativity. The rise of MarTech (Marketing Technology) has given birth to a new generation of marketers who are just as comfortable with code as they are with the copy. To share more insights on Rise of the MarTech EXPLORERS & Insights From the State of MarTech In India joining the summit will be Mihir Karkare, EVP, Mirum India.

The conference will be followed by the award felicitation ceremony of The Pitch Best CMO Awards 2023.

For more details, please check out the microsite:

https://e4mevents.com/pitch-cmo-summit-2023/

To attend the summit and awards, get in touch with

Chandrakant@exchange4media.com or kapil.ramudamu@exchange4media.com

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Explore the era of agility at Pitch CMO Summit Mumbai 2023 - Exchange4Media

Trump praying on one knee that's been circulating on social media.Twitter

Images created with artificial intelligence have flooded social media in recent months, with some people using AI tools like Midjourney to imagine what it would look like for Donald Trump to be arrested. But the former president isnt opposed to AI-created photos. Trump shared an image of himself on Thursday morning over at Truth Social. And its almost certainly fake.

The image, which has been circulating on pro-Trump Twitter since at least Saturday, shows the former president on one knee praying. At first glance it even looks like it could be a real photo. But anyone who looks closer will notice the telltale signs of AI.

For starters, you always want to look at the hands. AI image creation tools have tremendous difficulty with generating realistic hands, and this image is no different. Trump appears to be missing his ring finger on his right hand, at the very least, and his thumbs are grafted on in a jumbled mess that seems to defy basic human anatomy.

Hugging Face has created a tool that lets people upload images to determine the probability a given image was created with artificial intelligence. The Hugging Face tool says this particular image of Trump was created by machines with about 90% confidence.

But you dont even need fancy online tools or a knowledge of artificial intelligence to determine this image probably isnt real. The first clue shouldve been that Trump is taking one knee in a pose that would be somewhat difficult for a fit and healthy man whos 76 years old, let alone Trump. As far as I can tell, Trump has never taken a knee in public.

The other big giveaway that this image isnt real is that Trumps right kneethe one on the groundappears to be directly behind his left foot. Trump isnt proficient in yogaor hes been hiding his super-human flexibility for a very long time.

There are other context clues that such an image is clearly fake. For instance, Trump is the center of attention in every room he enters. None of the four faces we can see in the background of this image are bothering to look in Trumps direction.

If Donald Trump, the 45th president of the U.S., suddenly got on one knee and started to pray in the middle of a room, you can bet everyone in that room would be either looking at him or joining him in prayer. The American public has a wide variety of opinions on Trump, but cool indifference to the man basically doesnt exist.

I ran the image through several other online tools, including TinEye and Yandex Images, to see if the image appeared anywhere else, on the off chance that it was real. But nothing came back with a hit.

This isnt the first time Trump has been caught sharing fake images of himself. Back in 2019, Trumps team was digitally altering photos of the president to make him look more fit and even gave him longer fingers. Seriously.

In short, Trump must know this image is fake, but doesnt mind sharing it with his followers to encourage the cult of personality that drives his movement. What does Trump actually look like when hes praying at church? We have the answer from a 2019 surprise visit to a church in Virginia, seen below.

Just dont ask Trump his favorite Bible passage.

Im a technology reporter and founder of Paleofuture.com, a website I started in 2007 that looks at past visions of the future, from flying cars and jetpacks to utopias and dystopias. Paleofuture was formerly hosted at Smithsonian magazine (2011-2013) and Gizmodo (2013-2020).

My work has appeared at BBC Future, Slate, The Verge, GOOD, Pacific Standard, The Wall Street Journal, The Atlantic, and Buzzfeed. Most recently, I was a senior writer at Gizmodo for ten years. Ive also given talks at South by Southwest, dConstruct in Brighton, The Conference in Malmo, UCLAs Digital Cash conference in Los Angeles, and the University of Virginias edUi conference. In 2012, I partnered with the BBC to put on an exhibit of retro-futuristic items from my personal collection in Hollywood, California.

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Donald Trump Shares Fake AI-Created Image Of Himself On Truth Social - Forbes

Former President Donald Trump addresses the annual Conservative Political Action Conference (CPAC) at Gaylord National Resort & Convention Center on March 4 in National Harbor, Md. Alex Wong/Getty Images hide caption

Former President Donald Trump addresses the annual Conservative Political Action Conference (CPAC) at Gaylord National Resort & Convention Center on March 4 in National Harbor, Md.

As the possibility looms of a Manhattan grand jury handing down a criminal indictment for former President Donald Trump, he also faces scrutiny in other ongoing investigations that could come with charges of their own.

The proceedings from New York, Georgia and the federal Department of Justice all have the potential to upend the 2024 presidential race, in which Trump has already announced his candidacy.

Trump has survived plenty of investigations already remember the Mueller investigation? How about the Ukraine impeachment inquiry? but criminal charges, and a subsequent arrest, could have a dramatic effect on his 2024 campaign. Never before has a former president been charged with a crime.

Here are the active investigations:

This criminal case centers on a $130,000 hush money payment to Stormy Daniels, an adult film actor, made just before the 2016 election in order to quiet her allegations of an affair with Trump.

Daniels, whose real name is Stephanie Clifford, says that she and Trump had an affair at a celebrity golf tournament in 2006. As Trump's campaign for president picked up steam, she offered to sell her story to gossip magazines. In October, executives at the National Enquirer, a publication long friendly to Trump, alerted Trump's personal lawyer, Michael Cohen.

Cohen reached an agreement with Daniels to pay her $130,000 in exchange for keeping her story quiet. Her attorney received the money from Cohen on Oct. 27, less than two weeks before the election.

After Trump was elected president, Cohen was reimbursed with a total of $420,000, to account for taxes and other costs. Some of the reimbursement checks were signed by Trump himself, who has admitted to repaying Cohen for money paid to Daniels. He has denied having the affair.

According to court records, the Trump Organization's top executives falsely identified the reimbursements as a "retainer" for "legal services."

Now, the grand jury is examining whether Trump committed a felony under New York state law by falsifying business records to cover up another crime like the violation of campaign finance laws with the hush money payment.

The case is being brought by Alvin Bragg Jr., who was elected district attorney of New York County in 2021. He took over the case from his predecessor, Cyrus Vance Jr., who had opened a broad criminal inquiry into Trump's business activities while Trump was still president.

Earlier this month, reports emerged that prosecutors in the Manhattan district attorney's office had offered Trump the chance to testify before a grand jury. In New York, that's usually a signal that charges are coming soon, as potential defendants must have the opportunity to answer questions in the grand jury before an indictment. (Trump declined the offer to testify.)

The Georgia case centers on the actions of Trump and his allies in the weeks following the 2020 presidential election, as they pressured state officials to undo his loss in the state.

After Trump narrowly lost the state, he repeatedly called Georgia state officials to pressure them to find ways to change the outcome including the infamous call to Georgia Secretary of State Brad Raffensperger on Jan. 2, 2021, in which he instructed the Republican Raffensperger to "find 11,780 votes." Trump also called Gov. Brian Kemp and the state attorney general to urge them to contest the election results.

The inquiry has also examined efforts to send slates of fake electors to the Electoral College to say that Trump won, rather than Joe Biden.

The investigation is led by Fani Willis, the top prosecutor in Fulton County, Ga., where a special grand jury spent eight months hearing from more than 70 witnesses. Their work was finalized in early January. A portion of their report was released last month, but a judge ruled that most of it should remain confidential, for now.

Willis has said decisions on indictments are "imminent." It's not clear if Trump would be among those charged. Possible crimes for him or others could include soliciting election fraud, giving false statements to government bodies and racketeering.

The U.S. Department of Justice has two ongoing investigations into possible criminal actions by Trump. Both probes are being led by Special Counsel Jack Smith, who was appointed by Attorney General Merrick Garland last year.

One of the investigations centers on how Trump handled classified documents after his presidency ended. Last June, a lawyer for Trump certified that a "diligent search" for classified documents had been conducted at his Mar-a-Lago resort in Florida and all documents found had been turned over to federal authorities. But two months later, an FBI raid recovered more than 100 additional documents.

(President Biden has been embroiled in his own classified documents scandal after files were found to be improperly stored at his Delaware home and a think tank office in Washington he previously used. A different special counsel has also been appointed to investigate that.)

Smith is also looking at Trump's attempt to interfere with the 2020 election. As part of that probe, prosecutors have interviewed numerous Trump allies and aides. They've also subpoenaed former Vice President Mike Pence, whom Trump pressured intensely to overturn the election results during the certification process on Jan. 6.

Prosecutors are also reportedly investigating the finances of Save America, a Trump-affiliated political action committee.

The DOJ investigations are ongoing. There's not much known about when charges, if any, would come. But as the 2024 election draws closer, any indictment is sure to draw accusations of political motivations.

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Here are the criminal investigations Donald Trump faces - NPR

A Manhattan grand jury could decide whether to indict Donald J. Trump in the days ahead, potentially touching off a sequence of events that could include the unprecedented sight of a former president in handcuffs.

But much about what comes next remains unclear. Prosecutors have signaled that an indictment is likely, but it is not a certainty. Before Mr. Trump can be charged, the Manhattan district attorney, Alvin L. Bragg, must ask the grand jury that has been hearing evidence about the former president to vote on whether to charge him. A majority of jurors must agree to do so.

The timing of any potential indictment, arrest and arraignment is unknown, and likely to remain so after a vote is conducted.

The investigation, conducted by Mr. Braggs office, has been focused on Mr. Trumps involvement in the payment of hush money to a porn star during the final days of the 2016 presidential campaign.

Heres what we know and dont know about the course of the investigation and what might happen.

The special grand jury that has been hearing testimony meets three afternoons a week, on Mondays, Wednesdays and Thursdays. At least one more witness could be called before jurors are asked to vote, according to people familiar with the matter.

Once all the witnesses have testified, prosecutors must explain the criminal charges they are seeking to the jury of 23 Manhattan residents before asking them to vote. A simple majority is all that is required to hand up an indictment.

If Mr. Trump is indicted, prosecutors would most likely work with his legal team to arrange his surrender in Manhattan. Within several days of his indictment, Mr. Trump, who lives at his Mar-a-Lago resort in Florida, would travel to the city and turn himself in at the district attorneys office in Lower Manhattan. Hours later, he would be arraigned in a courtroom in the same building.

Any indictment of Mr. Trump would almost certainly be sealed, and the charges would be kept secret from the public after the grand jurors vote. The unsealing of the indictment and a public announcement of the charges against him would coincide with his surrender and arraignment.

However, there is some chance that Mr. Trump does not surrender there have been differing reports on that possibility which could kick off a more complex scenario.

Mr. Trumps lawyers have met with prosecutors in hopes of warding off criminal charges, and while it is unlikely, there is a faint possibility that Mr. Bragg will opt not to seek an indictment (or that he will seek one and grand jurors will vote to reject it).

But prosecutors have broad discretion during grand jury proceedings and the defense has almost no role. Every available signal has suggested that an indictment is imminent.

While it is clear that Manhattan prosecutors have been investigating the role Mr. Trump played in a hush-money payment to the porn star, Stormy Daniels, the specific criminal charges prosecutors could seek are unknown and will probably remain so even after he is indicted.

People with knowledge of the matter have suggested the charges would stem from the falsification of business records that recorded reimbursements to Michael Cohen Mr. Trumps former lawyer and fixer and the prosecutions star witness as legal fees. Such a charge, combined with a second crime involving illegal campaign contributions, could rise to a low-level felony.

Some of the routine steps that follow any felony arrest in New York would apply to the former president as they would to anyone else: He would be photographed and fingerprinted, and read a standard Miranda warning offering him the right to remain silent.

But because of Mr. Trumps status as a former president and his round-the-clock Secret Service detail prosecutors are likely to make some accommodations. He could be held in an interview room instead of a cell; the investigators who process his arrest may forgo handcuffs.

Law enforcement agencies around New York have also had discussions about how to prepare for the prospect of protests, which Mr. Trump called for explicitly on his social media site, Truth Social, over the weekend. A protest in Manhattan on Monday evening was sparsely attended.

Because of the nature of the potential charges against Mr. Trump, the law does not allow prosecutors to seek to have him held on bail. And as a leading presidential candidate, he is far from a flight risk.

Mr. Trump will almost certainly be released shortly after he is arraigned.

Once Mr. Trump has been charged, the case against him will probablybe mired in protracted litigation. Should the matter eventually make it to trial, it could conceivably play out in the run-up to the 2024 presidential election with Mr. Trump, the defendant, in the thick of his campaign.

Chelsia Rose Marcius contributed reporting.

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How an Indictment and Arrest of Donald Trump Could Unfold - The New York Times