LITION
New Democrat Coalition Launches First-Ever Artificial Intelligence Working Group
The AI Working Group aims to explore AI's diverse uses, assess benefits and challenges, and position the U.S. as a leader in AI safety and innovation.
Mid-Size Banks Ask for Deposit Insurance Extension
The Mid-Size Bank Coalition of America (MBCA) has requested that the US Federal Deposit Insurance Corporation (FDIC) extend insurance on all deposits for the next two years, which would immediately halt the outflow of deposits from smaller banks and stabilize the banking industry, according to a Bloomberg report. The MBCA proposed that the banks themselves fund the insurance program by raising the deposit-insurance assessment on lenders who opt to participate in the increased coverage, and the failure to provide this could result in up to 300 banks going under.
Microsoft Azure Integrates Lition Commercial Blockchain into Cloud Marketplace
Lition, an enterprise blockchain has been integrated into the Microsoft Azure cloud marketplace to provide blockchain as a service (BaaS) solutions.