Blog

A Plan To Get Rid Of The SEC

Crypto Industry wants to utilize Supreme Court Doctorine TL;DR: The crypto industry is pinning its hopes on the major questions doctrine, established by a Supreme Court decision, to limit the SEC’s regulatory authority. Coinbase has cited the doctrine in response to the SEC’s Wells notice, arguing against the SEC’s unilateral decision-making on token classification. Former […]

So, Nobody Really Likes Biden’s Latest Crypto Tax Idea

Biden’s Crypto Tax Gets Blasted TL;DR: The American Institute for Economic Research criticizes President Biden’s proposed tax on crypto miners and gives a failing grade to the Council of Economic Advisors. They argue that the proposed tax does not incentivize reduced electricity usage but rather encourages a shift to untaxed activities. The report challenges the […]

Gensler Makes Claim The SEC Is Here To Help Crypto

  TL;DR: SEC Chair Gary Gensler asserts that the SEC has already published rules for crypto companies to follow. Gensler refutes claims that the SEC is falling behind on enforcement and highlights the agency’s previous cases. He criticizes crypto companies for building fraudulent business models and emphasizes the importance of compliance.   In a keynote […]

Justine Bateman Speaks On The Danger Of AI

Renowned Actress and Computer Scientist Urges Action to Protect Actors and Creativity in the Age of Artificial Intelligence TL;DR: Justine Bateman, a computer scientist and actress, warns that the entertainment industry must address the impact of artificial intelligence (AI) now or risk making future labor actions ineffective. She emphasizes the need for strong rules and […]

It Would Appear One Chatbot Knows Good Vs Evil

TL;DR: Artificial intelligence (AI) has revolutionized various industries, but the ethical implications surrounding its development and application remain a significant concern. In a world where AI models can generate fictitious and offensive content, Anthropic, a company founded by former OpenAI researchers, is taking a different approach. They have developed an AI chatbot named Claude, equipped […]

Being Saved From SEC Fines

SEC Lowers LBRY’s Fine Significantly Due to Financial Constraints and Near-Defunct Status TL;DR: The SEC has revised LBRY’s fine to $111,614, acknowledging the company’s financial limitations and near-defunct status. In addition to the reduced fine, the SEC has requested an injunction to prevent LBRY from engaging in future unregistered offerings of crypto asset securities. LBRY […]

One Coin To Rule The World

Worldcoin’s Ambitious Journey: Advancing Global Currency with Controversial Biometrics TL:DR Worldcoin, the iris-scanning crypto project led by OpenAI CEO Sam Altman, is in advanced talks for a funding round exceeding $100 million. The project aims to create a global digital currency accessible to everyone, utilizing a proof-of-personhood protocol involving iris scanning and government ID verification. […]

Binance Bids Farewell To It’s Partners In Canada

Binance Withdraws from Canadian Market, Shaking Up Cryptocurrency Landscape TL;DR: Binance, the world’s largest cryptocurrency exchange, is withdrawing from the Canadian market due to new stablecoin and investor limits imposed by regulatory authorities. The Canadian Securities Administrators (CSA) released guidance requiring crypto trading platforms to register or exit the market within 30 days. Binance has […]

Elon Musk Announces New Twitter CEO, Linda Yaccarino

The future of Twitter’s “everything app” ,the rise of cryptocurrencies plus more news TL;DR: Elon Musk appoints Linda Yaccarino as Twitter’s new CEO, aiming to transform the platform into an all-encompassing app called X. Coinbase explores international expansion due to regulatory challenges in the US, obtaining a license in Bermuda and discussing the possibility of opening a […]

Multiple Financial Firms Supporting Launch Of New Network

TL;DR: Financial firms such as Deloitte, S&P Global, and Moody’s are supporting the launch of the Canton Network, a blockchain platform tailored to the needs of traditional financial institutions. The network aims to streamline financial markets by providing decentralized infrastructure, enhancing efficiency, and risk management. The Canton Network leverages the smart-contract language Daml, created by […]