#study

Researchers from the University of Cincinnati have crafted a crypto literacy scale (CLS) to gauge and standardize understanding of cryptocurrencies and related tech among consumers and policymakers. Their study, "Measuring Crypto Literacy," emphasizes the difference between traditional financial literacy and crypto literacy. The team believes that while financial literacy helps prevent scams, there's a distinct need for a crypto-specific scale.

The Bank for International Settlements (BIS) has published new findings. These suggest that, far from offering economic relief, cryptocurrencies might be escalating financial vulnerabilities in emerging economies. Many are tempted to view the digital assets as an alternative to the typical monetary systems or a stand-in for local currencies. However, the study's authors caution that this perspective might elevate the financial risks these nations face. While the report does highlight the transformative potential of cryptocurrencies, the BIS insists that effective regulation is vital to steer their advantages in a beneficial direction.

In spite of increasing concerns among its creative workforce, Disney has established a specialized task force to study the applications of artificial intelligence within its different fields of work. The group aims to both pioneer in-house AI-based solutions and to bridge ties with novel startups, hoping to incorporate their pre-developed tech advancements.

Bitman has once again put on a show, this time advocating for improved crypto literacy among Frankfurt residents. The BTC logo has been projected onto the ECB with the message "Study Bitcoin." According to the author, he wants to bring attention to the concept of "healthy money" and highlight cryptocurrencies as a viable option.

U.S., U.K., and European investment firms are increasingly appointing senior executives for digital asset strategies. Amberdata's recent report reveals that 24% of asset management firms have embraced a digital assets strategy, with another 13% aiming to do so within two years. The study, which surveyed 60 investment professionals, found that nearly half (48%) incorporate digital assets in their portfolios. Despite regulatory challenges, Amberdata anticipates a positive shift in the coming years, especially with Ripple's recent legal win against the SEC.

According to a study by Salesforce, approximately 74% of customers are concerned about the unethical use of new technologies. That said, only 57% trust companies' statements on this matter. Openness to AI is also problematic and has steadily declined over eight months, from 65% to 51%. Customers' primary concerns revolve around security, control, and ethics: A clear understanding of where artificial intelligence is being applied (as indicated by 89% of respondents). Verification of AI-generated outcomes (80%). Bias in the AI-produced results (63%). Furthermore, 68% of the respondents believe that artificial intelligence amplifies the significance of trust in companies and heightens the responsibility brands owe to their customers.

The study also revealed that 1 in 3 New York residents views cryptocurrencies as a potential contributor to a more equitable financial system and a valuable investment for the future. The report highlighted the growing adoption of cryptocurrencies within New York, making the state a hub for diverse blockchain initiatives. It pointed out the existence of 692 blockchain organizations and over 800 founders located in the state of New York.