As the adoption of generative AI in business continues to grow, the banking sector is the latest to embrace the technology, aiming to boost productivity and streamline operations. Wells Fargo Managing Director and Head of US Large-Cap Bank Research Mike Mayo joins Yahoo Finance Live to discuss his top AI picks in the banking industry, emphasizing that "if a bank does not have a good AI strategy, I would say they don't have a strategy." Mayo names JPMorgan (JPM) as his "best-in-class" pick, stating that the bank has the potential to become "the Nvidia of banking." He highlights that "more than any other bank" JPMorgan possesses the necessary resources, spending power, data, processes, and personnel to successfully implement and leverage AI across its business. Mayo notes JPMorgan's massive amount of data "is the fuel for AI," which the bank can utilize to gain valuable insight into its operations. Like TikTok's recommended content algorithm, JPMorgan can take advantage of "predictive behavior" models for its consumers.  On the other hand, Mayo identifies Citigroup (C) as his "worst-in-class" pick, stating that "they've failed the last twelve restructurings." He notes that the bank has fallen short on returns and efficiency. However, Mayo says that their consolidation into "five lines of business" could make it easier to tackle problems in each segment. "If they simply meet their targets, they will probably have some of the best year-over-year performance of any large bank."  For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

io.net, a leading Cloud Service Provider, has made waves in the tech world by unveiling groundbreaking support for Apple Silicon Chip Clustering.

(Bloomberg) -- Terence Schofield, the head of digital assets technology at Steve Cohen’s Point72 Asset Management, recently left the hedge fund, according to a person familiar with the matter. Most Read from BloombergEx-Wall Street Banker Takes On AOC in New York Democratic PrimaryUnited Tells Boeing to Stop Making Its Long Delayed Max 10sPutin Says Ukraine Deal Requires Security Pledges for RussiaPhysical Intelligence Is Building a Brain for RobotsStock Traders Bracing for Worst Shrug Off Hot C

Blast, the layer-2 network created by Blur founder Tieshun Roquerre, halted on March 13 after a major Ethereum upgrade shipped.

Bitcoin (BTC-USD) has been on a tear since the approval of the spot bitcoin ETF. Within the past month, inflows for financial firms offering the ETFs have been in the billions. Popular crypto exchange Coinbase (COIN) has been at the center of crypto trading, with shares of the company up 50% since the start of the year.  Citizens JMP Director of Financial Technology Research Devin Ryan joins Yahoo Finance to discuss the compelling upside case to the crypto exchange.   Ryan highlights the opportunity present in Coinbase, calling it an "on-ramp" into the asset class: "We've been framing Coinbase as, a little bit cliche, but as the Amazon (AMZN) of crypto. And what I mean by that is they got into buying and selling as an exchange; really, that was the first foray into crypto. That's becoming increasingly commoditized. There's still going to be huge growth in the exchange platform, but Coinbase is really the primary on-ramps into the asset class, so if folks want to get involved in payments or remittance or, in our opinion, tokenization of real-world assets, web three, they have their own blockchain called base, they're going to be involved in virtually every aspect of how this industry grows, and then there is going to be parts of this industry, in our opinion, that are idiosyncratic to crypto." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

Thailand's cabinet approved a tax exemption measure for crypto earnings to boost the country's competitive edge in digital finance.

The Aptos Foundation announced an integration with Movement to establish a sophisticated routing infrastructure.

Ethereum developers have successfully deployed the Dencun update to the mainnet.

As Bitcoin reached an all-time high, discussions at the Web Summit Qatar 2024 spotlighted its journey toward becoming a first-class asset. 

Depending on where you sit, the halving is a vital event that will burnish bitcoin's value as an increasingly scarce commodity, or nothing more than a technical change talked up by speculators to inflate its price. The halving is a change in bitcoin's underlying blockchain technology, designed to reduce the rate at which new bitcoins are created. Bitcoin was designed from its inception by its pseudonymous creator Satoshi Nakamoto to have a capped supply of 21 million tokens.

In a move aimed at bolstering ties with law enforcement, Binance conducted a virtual assets law enforcement workshop for the officers of the Keelung District Prosecutors Office in Taiwan

On March 12, Bitcoin spot Exchange-Traded Funds (ETFs) witnessed a record-setting total net inflow of $1.05 billion

How distributed ledger technology and blockchain are revolutionizing finance, improving DeFi, and tackling climate change.

Hong Kong's central bank introduced a sandbox program for stablecoin issuers, offering a controlled environment to experiment with projects.

Coinbase CEO Brian Armstrong explains the importance of Bitcoin in response to the United States' $30 trillion surge in national debt over the last 28 years.

On Tuesday, the European Parliament voted to implement a new set of regulations to enhance the enforcement of sanctions violations, focusing on the crypto sector.

The update comes at a time when advancements in generative AI, including image and video generation, have fanned concerns of misinformation and fake news among the public, prompting governments to regulate the technology. Google had announced restrictions within the U.S. in December, saying they would come into effect ahead of the election.

A U.S. district court has changed the bail conditions for Binance cryptocurrency exchange founder Changpeng Zhao and ordered him to surrender his Canadian passport.

Hong Kong has initiated a sandbox arrangement for stablecoin issuers to establish regulations for future operations.

Elixir raises its valuation to $800 million after completing a Series B funding round aimed at improving liquidity for orderbook exchanges

Thailand SEC adjusts regulations to allow asset managers launch spot Bitcoin ETFs amid the success recorded in the US

Layer-1 solution Nibiru Chain has announced the launch of its public mainnet, boasting 40,000 transactions per second

Jamie Dimon, best known for his criticism of Bitcoin, cited concerns about its association with illegal activities while acknowledging individuals' right to invest in crypto

New York City-headquartered blockchain startup Monad Labs is seeking $200 million to build the scalable smart contract distributed ledger

SingleStore CEO Raj Verma likens generative AI to be in its infancy, comparing it to the early days of cell phones and how far that consumer technology has come: "It looked like a brick. It was probably the size of my hand and had a battery time of less than an hour. So that's where we are in the ultimate landscape of generative AI." Verma, who is the author of Time Is Now: A Journey to Demystifying AI, sits down with Yahoo Finance Live to discuss the trajectory of tech startups today and how leading figures in the space envision for the use of this technology. "I think both of the parties [Elon Musk and OpenAI CEO Sam Altman] are trying to hopefully accomplish the same thing that there is a democratization of AI and AI is not the privilege of the few," Verma explains. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

How 2024 is shaping up to be a transformative year for the crypto market, with interoperability and new tech leading the charge.

Bitcoin (BTC-USD) is one of the center focuses on Wall Street this week as the cryptocurrency hit a new all-time high above $72,000 per coin. While many investors are thrilled, some investors are cautious due to the extremely volatile nature of the asset. Mizuho Americas Senior Financial Technology Analyst Dan Dolev and Matt Ballensweig, BitGo Managing Director and Head of Go Network, joins Yahoo Finance to discuss how investors can take advantage of the recent bitcoin rally. Dolev actually starts by warning investors to stay away from crypto investing: "Let's talk about Coinbase (COIN) specifically, they are a take-rate business. And take rates are always bound to be a race to the bottom. And eventually, there's going to be more competition and they are already getting out pricing concessions. In January, they gave out a pricing concession for people who are trading 500,000 or above. So pricing pressure is starting and competition is heating up. So the fact that I don't believe in the underlying currency — bitcoin — that's one thing, but irrespective of that, I think Coinbase is that minus take-rate pressure and competition." Ballensweig explains his bullish stance on the digital asset: "Institutions are starting to pile in through the nine new bitcoin ETFs. And the flows really don't lie here, there is demand for BTC as an asset. BlackRock through the IBIT ETF (IBIT) did $2 billion in volume yesterday. In total, the ETFs now hold over $55 billion in just their first 60 days of trading. So the flows really don't lie here." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

As part of the latest installment of Yahoo Finance's Good Buy or Goodbye, Tematica Research Chief Investment Officer Chris Versace joins Julie Hyman to give his takes on chip stock Marvell Technology (MRVL) on AI momentums and retailer Dillard's (DDS) as the latter contends with slowing consumer spending in department stores. Marvell is Versace's Good Buy on its exposure to telecom networks whose 5G networks will be pushed to adopt artificial intelligence to keep up increasing user activity. "So as this virtuous circle of data just explodes, not just because of ongoing 5g adoption, not just because of other applications that are coming, but really in the near-term, this explosion due to AI, network spending is going to have to catch up," Versace explains. "In the near term, what are we going to see? network capacity levels will continue to rise..." Versace picks Dillard's as his Goodbye, citing declines in department store foot track as wage growth lags behind inflation. Catch more of Good Buy or Goodbye, or watch this full episode of Yahoo Finance Live here. Editor's note: This article was written by Luke Carberry Mogan.

Elon Musk, CEO of AI company xAI, set to open-source Grok, the ChatGPT competitor, amid an ongoing legal battle with OpenAI.

Travis Hill, vice chairman of the FDIC, criticized the U.S. banking restrictions on handling digital assets for clients.

Leading stablecoin issuer Tether is set to introduce its USDT token on the Celo blockchain, an Ethereum Virtual Machine-compatible platform transitioning to an Ethereum Layer 2 network.

U.S. Republican presidential candidate Donald Trump has not pledged to crypto-friendly regulation, but the politician promised a stay of enforcement action against digital currencies.

The native token of the Telegram bot Unibot fell by 45% due to the termination of cooperation with the team that connected the application to the Solana network.

The Open Network's blockchain cryptocurrency, Toncoin, reached its highest level since January 2022, rising 12% in 24 hours.

Unizen pledged to reimburse affected users who lost up to $750,000 due to a recent security breach that resulted in the loss of $2.1 million.

As Bitcoin usurped silver as the eighth most valuable asset, Michael Saylor’s MicroStrategy filled its digital coffers with more cryptocurrency. 

CoinShares analysts presented a weekly report on the inflows of funds in cryptocurrency funds.

Defi protocol Unizen has pledged to quickly reimburse users who lost up to $750,000 following a security breach that saw about $2.1 million in user funds stolen

Mudrex, a Y-Combinator-backed crypto platform from California, plans to offer U.S. spot bitcoin ETFs to both institutional and retail investors in India

The early March excitement around DeeStream (DST) has caught the attention of XRP (XRP) and Cardano (ADA) investors, who are now envisioning potential 100X

Lookonchain shows that one meme coin trader turned $1.7 million in PEPE into $8.13 million profit, posting a 431% gain, in two weeks

There is a new proposal to raise the Automated Market Maker (AMM) fee in LLAMMa (crvUSD), a liquidity pool, on Curve Finance.

The global crypto market is now in a bull season and Bitgert (BRISE) is just getting started, investors say

The Uniswap community has rejected a proposal to introduce changes to the platform's revenue and fee mechanism for UNI token holders.

The recent Bitcoin rally has reignited a trading frenzy among South Korea's crypto enthusiasts, with trading volumes of local exchanges surpassing those of the stock market.

Shandong Province offers entrepreneurs digital yuan loans, indicating the push for digital economy amidst discussions on legal frameworks.