News roundup for the previous week!
✅ Bild to replace part of its editors with artificial intelligence
German media outlet Bild plans to reduce about 100 employees as part of its cost optimization strategy. This includes not only editors but also proofreaders, photo editing specialists, and printing operators.
The chief advocate of these changes is Matthias Döpfner, CEO of Axel Springer Verlag (publisher of Bild). In February, he stated that the media would become a "purely digital media company." Döpfner believes that AI technologies will "improve independent journalism or replace it." According to Döpfner, artificial intelligence is better at information retrieval.
✅ Bank of Italy announces CBDC test
The initiative aims to study the prospects of integrating digital currency. Associazione Bancaria Italiana (ABI) and 18 commercial banks are participating in the project. Within the program, the participants will use a unified registry for accounting and coordinating payments. This is intended to simplify interbank requests, thus increasing transaction processing speed. It is most likely that the Italian regulator will adhere to the delivery versus payment (DvP) approach. This settlement method guarantees asset transfer only after the completion of payment.
✅ Swiss prosecutors freeze Do Kwon's assets
The total amount is approximately $26 million in USD and cryptocurrency. It appears that the funds were held in Sygnum Bank. The convicted co-founder of Terra lost access to these assets shortly after receiving a guilty verdict in Montenegro. This happened following a corresponding request from the Securities and Exchange Commission (SEC) and the federal prosecutor's office in New York. It should be noted that the US authorities, as well as South Korea, have also requested the extradition of Do Kwon. Negotiations for the extradition of the convicted individual are still ongoing.
✅ One in three young Australians owns cryptocurrency
The Australian Securities Exchange (ASX) conducted a survey among Australians about their investment preferences, categorizing the responses by age groups.It turns out that even Australian youth prefers stable returns. This was stated by 46% of the "nextgen" (i.e., people aged 18 to 24). On average, young crypto investors own cryptocurrencies worth $2700. These assets account for 6% of their overall portfolio. In other age groups, crypto assets make up approximately 3% of the total portfolio.
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